Pune, India -- (SBWIRE) -- 07/31/2018 -- Market Scenario:
Big data storage is a storage infrastructure specially designed to store, manage and retrieve massive volumes of big data. The global storage in big data market is anticipated to grow at USD 30 billion by 2022, a CAGR of 20 % during the forecast period of 2016 and 2022.

Market Dynamics:

Digitization, Adoption Of Smart Devices, And Growing Connectivity Is The Prime Driver Of The Market

Growing digitization, adoption of smart devices, increasing connectivity, are the prime drivers of the market. The growing availability of data is reflected by the study conducted by Pew research. The study reveals that in contrast to a median of 45 % across developing countries using the internet in 2013, the number in 2015, rose to a whopping 54 %. In 12 emerging nations surveyed in 2014 and 2015, there was a significant increase in the share of adult internet users accessing internet several times a day, including in Nigeria (+20 points), Ghana (+19) and China (+13).

Growing adoptions of cloud computing and the internet of things (IoT) have boosted the storage in big data market.

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Advancements In Technology And Storage Devices Are Expected To Generate A Significant Demand

The development of high volume storage technology such as Blu-ray disk with improved network connectivity features is driving down the cost of big data lakes storage. Solid state drives provide better performance, higher readability, robustness, high data speed, stability and reliability, and resiliency, is a further market attraction.

Growth in Investments and Impressive Application Potential and Expanse is the Most Significant Market Opportunity

BIG data storage provides attractive benefits like scalability, high speed, advanced analytics, centralization, and integration of data under one platform, benefiting coherence and pattern identification. An enormous market enthusiasm has been generated by investments by technology giants including Microsoft Corporation, Informatica, Teradata Corporation, Capgemini, EMC Corporation and Oracle Corporation entering the fray.

The potential applications of big data technologies include price optimization, search engine optimization (SEO), business forecasting, business intelligence, better sample selection for analytics, and others. The opportunities include quantification of the link between actions and revenues, higher market penetration, better customer targeting and engagement, real-time data for feedback, corrective actions to prevent customer switching, not to mention better customer satisfaction. The development of analytics computer languages has resulted in the faster growth of Azure data storage and Hadoop data storage systems.

Concerns For Data Security And Privacy May Hamper The Market

The market barriers are concerns for data security and privacy, legal restrictions, integration of multi-point and multi-sectorial cross-channel data resulting in growing complexity of data management, issues of data governance and standardization.

Key Players:

The prominent players in the Storage in Big Data Market are - Amazon Web Services (U.S.), Google Inc. (U.S.), International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Dell EMC (U.S.), Hitachi Data Systems Corporation (U.S.), VMware, Inc. (U.S.), Hewlett Packard Enterprise (U.S), Teradata Corporation (U.S.), among others.

Segments:

Storage in big data market is segmented on the basis of component and vertical.

Storage in big data market by component:

- Hardware
- Software
- Services

Storage in big data market by vertical:

- BFSI
- IT & Telecommunication
- Healthcare
- Manufacturing
- Transportation
- Media & Entertainment
- Others

Regional Analysis:

The regional analysis of storage in big data market is being studied for region such as Asia Pacific, Americas, Europe and Rest of the World. Rapid digitization across different industries has driven the market of storage in big data market in North America region and in terms of revenue it is projected to be the leading region in global big data storage market. European region is expected to show high growth rates in big data storage market by the forecast period owing to digital transformation, technological advancements, and increasing adoption of smart connected devices. The study reveals that Asia-Pacific market is creating new opportunities in storage in big data market due to improved business performance, meeting customer expectations and increasing competitive edge in the business.

Study Objectives of Storage in Big Data Market:

- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the storage in big data market.
- To provide insights about factors affecting the market growth.
- To analyze the storage in big data market based porter's five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment on the basis of components and verticals
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the storage in big data market.

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Intended Audience

- Healthcare Organizations
- Cloud service providers
- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- Bank & financial agencies

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