IT Storage Services Market to Grow at Nearly 8% CAGR Over the Next Four Years

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Nov 18, 2015, 03:00 ET

PUNE, India, November 18, 2015 /PRNewswire/ --

The global report on IT Storage Services Market 2015 - 2019 says that due to emergence of digital universe, data is being created every second and increasing at a rapid rate globally. This has created an enormous volume of data, especially unstructured data, which cannot be organized into a specified format like databases or spread sheets. Data coming from social media platforms, audio files, video files, emails, and scientific data are all unstructured. On the other hand, data that can be meshed into standard file formats represent structured data.

Complete report on global storage services market spread across 85 pages, profiling 5 major companies and supported with 31 data exhibits is now available at is now available at http://www.sandlerresearch.org/global-storage-services-market-2015-2019.html.

Many enterprises are finding it difficult to manage SAN and NAS interfaces as they require multiple tools to manage them. Therefore, they are shifting to unified storage management systems that allow administrators to manage the pools of the block and the file storage easily and effectively. They reduce the hardware requirements and data can be managed through a single device. The key players in the global it storage services market are EMC, Hitachi Data Systems, HP and IBM.

Other Prominent Vendors in the market are: Amazon, Aptare, AT&T, Atos, Avid, Avnet, Brocade, CA Technologies, Capgemini, Carbonite, CenturyLink Technologies Solutions, Cisco , Coraid, CSC, Data Dynamics, Datacore, Dell, Fujitsu, InfoFort, Infosys, Iron Mountain, Micron Technology, Mozy, NEC, NetApp, Nirvanix, OASIS Group, Oracle, Pivot3, Pure Storage, Rackspace, Redhat, SanDisk, Seagate, Skipton, SolarWinds, Storage Fusion, SwiftStack, Symantec, TCS, Think Big Analytics, Unisys, Virtual Instruments, Vmware, and Wipro.

The market research analysts predict the global storage services market to grow at a CAGR of nearly 8% over the next four years. This research report considers revenues generated through storage services such as storage management, deployment and support, consulting, and system integration.

The essential building blocks of storage infrastructure are primary storage, backup, recovery, archiving, and analytics. As per the forecast, the enterprises data segment is likely to witness an exponential increase in data with the growing prevalence of social media, mobility, analytics, cloud, and internet of things. Enterprise CIOs are likely to face a tantamount challenge in terms of accommodating the increasing demand for space in data centers. To address this issue, CIOs are looking for converged storage systems that offer virtualization, resilience, optimization, orchestration and modularity. Order a copy of Global Storage Services Market 2015-2019 report @ http://www.sandlerresearch.org/purchase?rname=46419.

Market Segmentations by:

Services: The market says storage deployment and support is the second largest segment in the global storage service market accounting for close to 30-35% of the overall share by services. With growing digital data and business demands, faster deployments of storage system have become essential. The deployment of storage infrastructure in enterprise data center will mainly come from on-demand requirements.

Geography: Although storage management markets in emerging geographies such as APAC and South America are still in their infancy, they are growing at a faster pace. This research study estimates these regions to expand their market shares over the coming four years. A key factor propelling growth in the APAC region is the increasing demand for storage solutions in emerging markets such as China and India.

Further, this latest storage services market report states that the major challenges for enterprises are managing demand fluctuations and shrinking IT budgets, which is leading businesses to look for low-cost alternatives like cloud storage. Even though security concerns remain in the cloud, it has become a serious threat to on-premise storage. Enterprises are moving toward the cloud because it enables them to improve IT responsiveness, adds scalability and agility, and transforms IT from CAPEX to OPEX.

Explore other new reports on information technology market at http://www.sandlerresearch.org/market-research/information-technology.

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