NEW YORK, Nov. 19, 2015 /PRNewswire/ -- Global Storage Services Market 2015-2019
Market overview of the global IT storage services market
This research report considers revenues generated through storage services such as storage management, deployment and support, consulting, and system integration. Technavio's market research analysts predict the global storage services market to grow at a CAGR of nearly 8% over the next four years.
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.
Market segmentation by services
Storage deployment and support
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. With growing digital data and business demands, faster deployments of storage system has become essential. The deployment of storage infrastructure in enterprise data center will mainly come from on-demand requirements.
Market segmentation of the global IT storage services market by 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.
Top companies in the global storage services IT space
The demand for unified storage management system presents an attractive opportunity for the leading vendors of the global IT storage services market. Enterprises are finding it difficult to manage storage area network (SAN) and network-attached storage (NAS) interfaces as they require multiple tools to manage them. Therefore, enterprises are shifting to unified storage management systems that allow administrators to manage file storage easily and effectively. It significantly reduces hardware requirements by allowing data to be managed through a single device.
Hitachi Data Systems
Other prominent vendors in this market include 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.
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Technavio also offers customization on reports based on specific client requirement.
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