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North America and Latin America continue to lead the M&E storage market, with companies focusing on acquisition and partnership. Despite the current geo-political situation in Europe and the Middle East, signs of development and expansion remain. Markets in Japan and China also are gathering pace.
"The market has been growing and maturing, with video content developers now moving beyond 4K and 8K toward 12K resolutions," said Frost & Sullivan Digital Media Research Analyst Elvia Valdes. "Adaptive technologies such as cloud, flash, and hybrid, are overtaking conventional storage solutions, including network-attached storage (NAS), direct-attached storage (DAS), and storage-area network (SAN)."
Storage companies should implement big data analytics to increase their outreach and become one-stop solution providers. Informing customers of the innovative formats and allied benefits will convince them to invest.
"Increasingly, companies within the M&E market are moving toward a unified or clustered smart storage architecture. Many of them are turning into a combination of NAS and SAN storage, while other companies are opting to work with hybrid storage," observed Valdes. "Technologies such as visualization continue to provide a huge traction as well."
Global Media and Entertainment Storage Market, Forecast to 2022 is part of Frost & Sullivan's Digital Media Growth Partnership Service program.
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Global Media and Entertainment Storage Market, Forecast to 2022
Corporate Communications – North America
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SOURCE Frost & Sullivan