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Data Storage Market Report Scope & Overview:

Data Storage Market Size was valued at USD 188 Billion in 2023 and is expected to reach USD 661.1 Billion by 2031 and grow at a CAGR of 17.02 % over the forecast period 2024-2031.

The Increasing demand for data storage market is driven by the automation of business processes and the need for flexible data handling. Businesses prioritize data security, speed, and reliability, alongside cloud computing to reduce costs and enhance flexibility, especially with the Growing of remote work models. There’s a growing need for data storage solutions to address business challenges and manage unstructured data effectively.

Data-Storage-Market Revenue Analysis

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Generative AI, particularly powered by advanced machine learning models such as GPT-3, profoundly impacts data storage requirements, necessitating scalable solutions to accommodate the increase in data creation and complexity. These AI models, characterized by continuous learning, drive the demand for distributed storage technologies such as distributed file systems and object storage to handle the diverse datasets generated during training cycles. data storage serves as a important component for preserving digital information in various formats and enabling organizations to leverage data for informed decision-making and productivity enhancement

Market Dynamics

Drivers

  • The amount of data generated continues to explode due to factors Such the Internet of Things (IoT), social media, and high-definition video. This creates a constant demand for more Data storage.

  • The shift towards cloud computing necessitates reliable and scalable data storage solutions. Cloud providers are a major driver for the market.

  • Businesses are increasingly using big data analytics to gain insights from their data. This requires storage solutions that can handle complex data formats and large datasets.

  • The Data storage market is experiencing a surge in demand driven by the Increasing volume of big data, Driven by the widespread digitization of businesses globally.

Industries Such as entertainment, e-commerce, finance, healthcare, and manufacturing are witnessing a substantial increase in data generation, including customer information and operational metrics. IoT devices, prevalent in smart cities and industrial settings, further contribute to the influx of unstructured and high-volume data. The Businesses are increasingly turning to advanced storage solutions to manage and analyze this wealth of information securely and efficiently. Traditional storage infrastructures are often inadequate for handling the scale and complexity of big data, prompting the adoption of distributed file systems, scalable cloud storage, and high-performance storage technologies to meet evolving storage needs.

Restraints

  • Data breaches and cyberattacks are a major concern for businesses. This can lead to hesitation in adopting new storage technologies.

  • Optimizing storage costs and managing expenses associated with data storage infrastructure remains a challenge.

  • The data storage market encounters hurdles such as data security and integrity that slow down its expansion.

The concerns regarding data security and integrity hinder organizations from fully embracing cloud migration due to fears of data breaches and cyber threats. The storage providers prioritize stringent security measures and encryption protocols to instill confidence. The exponential growth in data volumes heightens the risk of data corruption, leading to potential loss and operational disruptions. To mitigate this risk, leading providers emphasize maintaining data integrity through redundant storage and advanced error correction methods, ensuring robust protection against data corruption.

Opportunities

  • New technologies such as solid-state storage (SSD) and object storage offer faster data access and scalability, creating opportunities for market growth.

  • Businesses are consolidating their data centers to improve efficiency. This trend creates a demand for high-density storage solutions.

  • The rise of edge computing, where data is processed closer to where it's generated, creates opportunities for new storage solutions optimized for edge environments.

Challenges

  • A lack of skilled professionals to manage and maintain complex data storage systems can hinder adoption.

  • Keeping up with evolving data privacy regulations around the world can be a challenge for businesses and storage providers.

Impact of Russia Ukraine war on data storage market

The Russia-Ukraine war Result to increase geopolitical tensions, impacting the global data storage market. There has been a 15% decrease in data storage investments in affected regions due to uncertainty and disrupted supply chains. The conflict has raised concerns about data security and accessibility, prompting businesses to reassess their storage strategies. The war has disrupted manufacturing and distribution channels, Result to delays in hardware procurement and deployment. Cloud service providers have also experienced challenges, with a reported 20% increase in latency and downtime incidents in the affected areas. the Russia-Ukraine war has contributed to a slowdown in the data storage market.

Impact of Economic slowdown on data storage market

An economic slowdown has significantly impacted on the data storage market, with a projected decline of 10-15% in global revenue. Reduced consumer spending and business investments have led to cautious budget allocations, affecting data storage procurement. There has been a 20% decrease in demand for storage hardware and software solutions, particularly in sectors Such as retail and manufacturing. Enterprises are postponing infrastructure upgrades and cloud migration projects to conserve resources amidst uncertain economic conditions. The slowdown has intensified competition among storage vendors, leading to price pressures and margin erosion.

Market segmentation

By Storage Medium

  • Direct Attached Storage

  • Network Attached Storage

  • Software Defined Storage and Hyper Converged Storage

  • Cloud Storage

    • Public

    • Private

    • Hybrid

  • Storage Area Network

By Enterprise size

  • Mid-Size

  • SoHo

  • Large Enterprises

By Industry

  • BFSI

  • IT and Telecommunication

  • Healthcare and Life Sciences

  • Manufacturing

  • Retail and Consumer Goods

  • Governments & Public Sector

  • Media and Entertainment

  • Others

Data-Storage-Market-Trend-By-Industry

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By Storage Medium

The Cloud storage segment Dominates the Market, due to its cost-effectiveness and rapid deployment capabilities. It offers scalable resources with pay-as-you-go models, catering to the increasing demand from small and medium enterprises. Direct Attached Storage (DAS) connects to a single server, Network Attached Storage (NAS) provides file-level storage over a network, while Storage Area Network (SAN) offers block-level storage access via a dedicated high-speed network. Software Defined Storage (SDS) decouples storage services from hardware, providing flexibility. Each solution, including DAS, NAS, SAN, SDS, and cloud storage, offers unique features suited to various performance, scalability, and accessibility requirements.

By Industry

On the Basis of Industry, the banking, financial services, and insurance (BFSI) sector, the highest market share of more than 23%, is anticipated due to the Increasing need for secure storage solutions, facilitating the processing and analysis of extensive data volumes. Within IT and telecommunications, data storage serves as a fundamental component for managing vast network and system data, enabling smooth communication, and supporting network infrastructure.

In healthcare and life sciences, storage assumes a critical role in securely storing and accessing patient records, medical imagery, and research data, thereby enhancing healthcare delivery efficiency. This segment is expected to witness the fastest growth rate globally, Driven by the Increase in unstructured healthcare data and rapid technological advancements.

Regional Analysis

In North America Region is Dominates the Market with holding the Revenue share of More than 37%, this dominance of the market due to the significant amount of unstructured data present in various industry sectors and the increasing demand for cost-effective and secure data storage solutions. Over the forecast period, the easy accessibility of technologically advanced items such as 3D printing and molecular storage is likely to further drive growth prospects of the North American market. The proliferation of data centers, spurred by the pandemic's demand for storage and processing power. This has led data centers to turn to cloud providers to meet their needs, further driving market growth. The region experiences high internet traffic and user-generated data, contributing to its market dominance.

The Asia Pacific region increase in unstructured data across enterprises, stored both on-premises and in the cloud, driven by the rising demand for IoT devices and digital payments. Enterprises here are challenged by increasing data volumes, velocity, and variety, Drive the need for robust data storage solutions. Moreover, the region's increased internet penetration, particularly in online shopping, generates substantial data, further spurring adoption of these solutions.

Data-Storage-Market-Share-Regional-Analysis

REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

Key Players

Major key players in the market are IBM Corporation, Hewlett Packard Enterprise, Equinix, Dell Technologies, Amazon Web Services, Hitachi Vantara, NetApp, Huawei, NETGEAR, Inc., Western Digital Corporation, And others in the final report.

Hewlett Packard Enterprise-Company Financial Analysis

Company Landscape Analysis

Recent Development:

  • In January 2024, Ugreen announced a partnership with Intel during the launch of its NASync Network Attached Storage devices at the 2024 ES. This collaboration was aimed at integrating Intel processors to enhance storage efficiency and decision-making capabilities, providing advanced features powered by AI to improve daily work and life experiences.

  • In December 2023, Biomemory introduced DNA Cards, the first-ever DNA data storage available for public use. These credit card-sized cards, with a capacity of 1 KB, demonstrated the practicality of molecular computing as a sustainable alternative to traditional silicon chipsets, boasting a minimum lifespan of 150 years.

  • October 2023 saw the launch of Hitachi Vantara's Hitachi Virtual Storage Platform One, a modernized version of its traditional data storage portfolio. This solitary hybrid cloud data platform was designed to address the complex challenges faced by IT leaders looking to scale data and modernize applications across critical, multi-cloud, and distributed hybrid infrastructure.

  • In August 2023, NetApp expanded its partnership with Google Cloud to offer improved storage performance and cloud flexibility. The introduction of Google Cloud NetApp Volumes as a fully managed first-party service allowed for seamless integration of businesses' critical workloads, including demanding use cases like VMware and SAP, without the need for refactoring or process redesign.

Data storage market Report Scope:
Report Attributes Details
Market Size in 2023  US$  188 Bn
Market Size by 2031  US$ 661.1 Bn
CAGR   CAGR of  17.02 % From 2024 to 2031
Base Year  2022
Forecast Period  2024-2031
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Storage Medium (Direct Attached Storage, Network Attached Storage, Software Defined Storage and Hyper Converged Storage, Cloud Storage, Storage Area Network)
• By Enterprise size (Mid-Size, SoHo, Large Enterprises)
• By Industry (BFSI, IT and Telecommunication, Healthcare and Life Sciences, Manufacturing, Retail and Consumer Goods, Governments & Public Sector, Media and Entertainment, Others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Company Profiles IBM Corporation, Hewlett Packard Enterprise, Equinix, Dell Technologies, Amazon Web Services, Hitachi Vantara, NetApp, Huawei, NETGEAR, Inc., Western Digital Corporation, 
Key Drivers • The amount of data generated continues to explode due to factors Such the Internet of Things (IoT), social media, and high-definition video. This creates a constant demand for more Data storage.
• The shift towards cloud computing necessitates reliable and scalable data storage solutions. Cloud providers are a major driver for the market.
Market Opportunities • New technologies such as solid-state storage (SSD) and object storage offer faster data access and scalability, creating opportunities for market growth.
• Businesses are consolidating their data centers to improve efficiency. This trend creates a demand for high-density storage solutions.

 

Frequently Asked Questions

The CAGR of the Data storage market for the forecast period 2024-2031 is 17.02 %.

The market is expected to grow to USD 661.1 billion by the forecast period of 2031.

The major worldwide key players in the Data storage market are IBM Corporation, Microsoft Azure, Hewlett Packard Enterprise, Equinix, Dell Technologies, Amazon Web Services, Hitachi Vantara, NetApp, Huawei, Veritas, Infinidat, And others in the final report.

USD 188 billion in 2023 is the market share of the Data storage market.

Big Data Production Grows, Increasing Demand for Data Storage Solutions It is projected that companies' increasing emphasis on releasing cutting-edge platforms will foster the market's expansion.

TABLE OF CONTENTS

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

5. Impact Analysis

5.1 Impact of Russia-Ukraine Crisis

5.2 Impact of Economic Slowdown on Major Countries

5.2.1 Introduction

5.2.2 United States

5.2.3 Canada

5.2.4 Germany

5.2.5 France

5.2.6 UK

5.2.7 China

5.2.8 Japan

5.2.9 South Korea

5.2.10 India

6. Value Chain Analysis

7. Porter’s 5 Forces Model

8. Pest Analysis

9. Data Storage Market Segmentation, By Storage Medium

9.1 Introduction

9.2 Trend Analysis

9.3 Direct Attached Storage

9.4 Network Attached Storage

9.5 Software Defined Storage and Hyper Converged Storage

9.6 Cloud Storage

9.6.1 Public

9.6.2 Private

9.6.3 Hybrid

9.7 Storage Area Network

10. Data Storage Market Segmentation, By Enterprise Size

10.1 Introduction

10.2 Trend Analysis

10.3 Mid-Size

10.4 SoHo

10.5 Large Enterprises

11. Data Storage Market Segmentation, By Industry

11.1 Introduction

11.2 Trend Analysis

11.3 BFSI

11.4 IT and Telecommunication

11.5 Healthcare and Life Sciences

11.6 Manufacturing

11.7 Retail and Consumer Goods

11.8 Governments & Public Sector

11.9 Media and Entertainment

11.10 Others

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 Trend Analysis

12.2.2 North America Data Storage Market by Country

12.2.3 North America Data Storage Market By Storage Medium

12.2.4 North America Data Storage Market By Enterprise Size

12.2.5 North America Data Storage Market By Industry

12.2.6 USA

12.2.6.1 USA Data Storage Market By Storage Medium

12.2.6.2 USA Data Storage Market By Enterprise Size

12.2.6.3 USA Data Storage Market By Industry

12.2.7 Canada

12.2.7.1 Canada Data Storage Market By Storage Medium

12.2.7.2 Canada Data Storage Market By Enterprise Size

12.2.7.3 Canada Data Storage Market By Industry

12.2.8 Mexico

12.2.8.1 Mexico Data Storage Market By Storage Medium

12.2.8.2 Mexico Data Storage Market By Enterprise Size

12.2.8.3 Mexico Data Storage Market By Industry

12.3 Europe

12.3.1 Trend Analysis

12.3.2 Eastern Europe

12.3.2.1 Eastern Europe Data Storage Market by Country

12.3.2.2 Eastern Europe Data Storage Market By Storage Medium

12.3.2.3 Eastern Europe Data Storage Market By Enterprise Size

12.3.2.4 Eastern Europe Data Storage Market By Industry

12.3.2.5 Poland

12.3.2.5.1 Poland Data Storage Market By Storage Medium

12.3.2.5.2 Poland Data Storage Market By Enterprise Size

12.3.2.5.3 Poland Data Storage Market By Industry

12.3.2.6 Romania

12.3.2.6.1 Romania Data Storage Market By Storage Medium

12.3.2.6.2 Romania Data Storage Market By Enterprise Size

12.3.2.6.4 Romania Data Storage Market By Industry

12.3.2.7 Hungary

12.3.2.7.1 Hungary Data Storage Market By Storage Medium

12.3.2.7.2 Hungary Data Storage Market By Enterprise Size

12.3.2.7.3 Hungary Data Storage Market By Industry

12.3.2.8 Turkey

12.3.2.8.1 Turkey Data Storage Market By Storage Medium

12.3.2.8.2 Turkey Data Storage Market By Enterprise Size

12.3.2.8.3 Turkey Data Storage Market By Industry

12.3.2.9 Rest of Eastern Europe

12.3.2.9.1 Rest of Eastern Europe Data Storage Market By Storage Medium

12.3.2.9.2 Rest of Eastern Europe Data Storage Market By Enterprise Size

12.3.2.9.3 Rest of Eastern Europe Data Storage Market By Industry

12.3.3 Western Europe

12.3.3.1 Western Europe Data Storage Market by Country

12.3.3.2 Western Europe Data Storage Market By Storage Medium

12.3.3.3 Western Europe Data Storage Market By Enterprise Size

12.3.3.4 Western Europe Data Storage Market By Industry

12.3.3.5 Germany

12.3.3.5.1 Germany Data Storage Market By Storage Medium

12.3.3.5.2 Germany Data Storage Market By Enterprise Size

12.3.3.5.3 Germany Data Storage Market By Industry

12.3.3.6 France

12.3.3.6.1 France Data Storage Market By Storage Medium

12.3.3.6.2 France Data Storage Market By Enterprise Size

12.3.3.6.3 France Data Storage Market By Industry

12.3.3.7 UK

12.3.3.7.1 UK Data Storage Market By Storage Medium

12.3.3.7.2 UK Data Storage Market By Enterprise Size

12.3.3.7.3 UK Data Storage Market By Industry

12.3.3.8 Italy

12.3.3.8.1 Italy Data Storage Market By Storage Medium

12.3.3.8.2 Italy Data Storage Market By Enterprise Size

12.3.3.8.3 Italy Data Storage Market By Industry

12.3.3.9 Spain

12.3.3.9.1 Spain Data Storage Market By Storage Medium

12.3.3.9.2 Spain Data Storage Market By Enterprise Size

12.3.3.9.3 Spain Data Storage Market By Industry

12.3.3.10 Netherlands

12.3.3.10.1 Netherlands Data Storage Market By Storage Medium

12.3.3.10.2 Netherlands Data Storage Market By Enterprise Size

12.3.3.10.3 Netherlands Data Storage Market By Industry

12.3.3.11 Switzerland

12.3.3.11.1 Switzerland Data Storage Market By Storage Medium

12.3.3.11.2 Switzerland Data Storage Market By Enterprise Size

12.3.3.11.3 Switzerland Data Storage Market By Industry

12.3.3.1.12 Austria

12.3.3.12.1 Austria Data Storage Market By Storage Medium

12.3.3.12.2 Austria Data Storage Market By Enterprise Size

12.3.3.12.3 Austria Data Storage Market By Industry

12.3.3.13 Rest of Western Europe

12.3.3.13.1 Rest of Western Europe Data Storage Market By Storage Medium

12.3.3.13.2 Rest of Western Europe Data Storage Market By Enterprise Size

12.3.3.13.3 Rest of Western Europe Data Storage Market By Industry

12.4 Asia-Pacific

12.4.1 Trend Analysis

12.4.2 Asia-Pacific Data Storage Market by Country

12.4.3 Asia-Pacific Data Storage Market By Storage Medium

12.4.4 Asia-Pacific Data Storage Market By Enterprise Size

12.4.5 Asia-Pacific Data Storage Market By Industry

12.4.6 China

12.4.6.1 China Data Storage Market By Storage Medium

12.4.6.2 China Data Storage Market By Enterprise Size

12.4.6.3 China Data Storage Market By Industry

12.4.7 India

12.4.7.1 India Data Storage Market By Storage Medium

12.4.7.2 India Data Storage Market By Enterprise Size

12.4.7.3 India Data Storage Market By Industry

12.4.8 Japan

12.4.8.1 Japan Data Storage Market By Storage Medium

12.4.8.2 Japan Data Storage Market By Enterprise Size

12.4.8.3 Japan Data Storage Market By Industry

12.4.9 South Korea

12.4.9.1 South Korea Data Storage Market By Storage Medium

12.4.9.2 South Korea Data Storage Market By Enterprise Size

12.4.9.3 South Korea Data Storage Market By Industry

12.4.10 Vietnam

12.4.10.1 Vietnam Data Storage Market By Storage Medium

12.4.10.2 Vietnam Data Storage Market By Enterprise Size

12.4.10.3 Vietnam Data Storage Market By Industry

12.4.11 Singapore

12.4.11.1 Singapore Data Storage Market By Storage Medium

12.4.11.2 Singapore Data Storage Market By Enterprise Size

12.4.11.3 Singapore Data Storage Market By Industry

12.4.12 Australia

12.4.12.1 Australia Data Storage Market By Storage Medium

12.4.12.2 Australia Data Storage Market By Enterprise Size

12.4.12.3 Australia Data Storage Market By Industry

12.4.13 Rest of Asia-Pacific

12.4.13.1 Rest of Asia-Pacific Data Storage Market By Storage Medium

12.4.13.2 Rest of Asia-Pacific Data Storage Market By Enterprise Size

12.4.13.3 Rest of Asia-Pacific Data Storage Market By Industry

12.5 Middle East & Africa

12.5.1 Trend Analysis

12.5.2 Middle East

12.5.2.1 Middle East Data Storage Market by Country

12.5.2.2 Middle East Data Storage Market By Storage Medium

12.5.2.3 Middle East Data Storage Market By Enterprise Size

12.5.2.4 Middle East Data Storage Market By Industry

12.5.2.5 UAE

12.5.2.5.1 UAE Data Storage Market By Storage Medium

12.5.2.5.2 UAE Data Storage Market By Enterprise Size

12.5.2.5.3 UAE Data Storage Market By Industry

12.5.2.6 Egypt

12.5.2.6.1 Egypt Data Storage Market By Storage Medium

12.5.2.6.2 Egypt Data Storage Market By Enterprise Size

12.5.2.6.3 Egypt Data Storage Market By Industry

12.5.2.7 Saudi Arabia

12.5.2.7.1 Saudi Arabia Data Storage Market By Storage Medium

12.5.2.7.2 Saudi Arabia Data Storage Market By Enterprise Size

12.5.2.7.3 Saudi Arabia Data Storage Market By Industry

12.5.2.8 Qatar

12.5.2.8.1 Qatar Data Storage Market By Storage Medium

12.5.2.8.2 Qatar Data Storage Market By Enterprise Size

12.5.2.8.3 Qatar Data Storage Market By Industry

12.5.2.9 Rest of Middle East

12.5.2.9.1 Rest of Middle East Data Storage Market By Storage Medium

12.5.2.9.2 Rest of Middle East Data Storage Market By Enterprise Size

12.5.2.9.3 Rest of Middle East Data Storage Market By Industry

12.5.3 Africa

12.5.3.1 Africa Data Storage Market by Country

12.5.3.2 Africa Data Storage Market By Storage Medium

12.5.3.3 Africa Data Storage Market By Enterprise Size

12.5.3.4 Africa Data Storage Market By Industry

12.5.3.5 Nigeria

12.5.3.5.1 Nigeria Data Storage Market By Storage Medium

12.5.3.5.2 Nigeria Data Storage Market By Enterprise Size

12.5.3.5.3 Nigeria Data Storage Market By Industry

12.5.3.6 South Africa

12.5.3.6.1 South Africa Data Storage Market By Storage Medium

12.5.3.6.2 South Africa Data Storage Market By Enterprise Size

12.5.3.6.3 South Africa Data Storage Market By Industry

12.5.3.7 Rest of Africa

12.5.3.7.1 Rest of Africa Data Storage Market By Storage Medium

12.5.3.7.2 Rest of Africa Data Storage Market By Enterprise Size

12.5.3.7.3 Rest of Africa Data Storage Market By Industry

12.6 Latin America

12.6.1 Trend Analysis

12.6.2 Latin America Data Storage Market by country

12.6.3 Latin America Data Storage Market By Storage Medium

12.6.4 Latin America Data Storage Market By Enterprise Size

12.6.5 Latin America Data Storage Market By Industry

12.6.6 Brazil

12.6.6.1 Brazil Data Storage Market By Storage Medium

12.6.6.2 Brazil Data Storage Market By Enterprise Size

12.6.6.3 Brazil Data Storage Market By Industry

12.6.7 Argentina

12.6.7.1 Argentina Data Storage Market By Storage Medium

12.6.7.2 Argentina Data Storage Market By Enterprise Size

12.6.7.3 Argentina Data Storage Market By Industry

12.6.8 Colombia

12.6.8.1 Colombia Data Storage Market By Storage Medium

12.6.8.2 Colombia Data Storage Market By Enterprise Size

12.6.8.3 Colombia Data Storage Market By Industry

12.6.9 Rest of Latin America

12.6.9.1 Rest of Latin America Data Storage Market By Storage Medium

12.6.9.2 Rest of Latin America Data Storage Market By Enterprise Size

12.6.9.3 Rest of Latin America Data Storage Market By Industry

13. Company Profiles

13.1 IBM Corporation

13.1.1 Company Overview

13.1.2 Financial

13.1.3 Products/ Services Offered

13.1.4 SWOT Analysis

13.1.5 The SNS View

13.2 Hewlett Packard Enterprise

13.2.1 Company Overview

13.2.2 Financial

13.2.3 Products/ Services Offered

13.2.4 SWOT Analysis

13.2.5 The SNS View

13.3 Equinix

13.3.1 Company Overview

13.3.2 Financial

13.3.3 Products/ Services Offered

13.3.4 SWOT Analysis

13.3.5 The SNS View

13.4 Dell Technologies

13.4.1 Company Overview

13.4.2 Financial

13.4.3 Products/ Services Offered

13.4.4 SWOT Analysis

13.4.5 The SNS View

13.5 Amazon Web Services

13.5.1 Company Overview

13.5.2 Financial

13.5.3 Products/ Services Offered

13.5.4 SWOT Analysis

13.5.5 The SNS View

13.6 Hitachi Vantara

13.6.1 Company Overview

13.6.2 Financial

13.6.3 Products/ Services Offered

13.6.4 SWOT Analysis

13.6.5 The SNS View

13.7 NetApp

13.7.1 Company Overview

13.7.2 Financial

13.7.3 Products/ Services Offered

13.7.4 SWOT Analysis

13.7.5 The SNS View

13.8 Huawei

13.8.1 Company Overview

13.8.2 Financial

13.8.3 Products/ Services Offered

13.8.4 SWOT Analysis

13.8.5 The SNS View

13.9 NETGEAR, Inc.

13.9.1 Company Overview

13.9.2 Financial

13.9.3 Products/ Services Offered

13.9.4 SWOT Analysis

13.9.5 The SNS View

13.10 Western Digital Corporation

13.10.1 Company Overview

13.10.2 Financial

13.10.3 Products/ Services Offered

13.10.4 SWOT Analysis

13.10.5 The SNS View

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share Analysis

14.3 Recent Developments

14.3.1 Industry News

14.3.2 Company News

14.3.3 Mergers & Acquisitions

15. Use Case and Best Practices

16. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

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