The Middle East Data Storage Market is Expected to Register a CAGR of 14.4% - Research and Markets
DUBLIN, April 11, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Data Storage Market: Middle East Industry Analysis and Opportunity Assessment, 2015 - 2025" report to their offering.
The Middle East data storage market was valued at $1,475.9 million in 2014 and is expected to expand at a CAGR of 14.4% during the forecast period (2015-2025) to reach $6,537.6 million by 2025. The commercial end-user segment was valued at US$ 1,085.9 Mn in 2014 and is expected to expand at a CAGR of 14.3% during the forecast period. However, as compared to the commercial end user segment, the residential end user segment is expected to expand at a higher CAGR of 14.7% during the forecast period.
Continuous decline in the prices of consumer storage devices, such HDD (hard disk drive) and (solid-state drive) SSD, is further promoting growth of the data storage market currently. Development of the 3D NAND technology has been a game-changer for the consumer storage industry, resulting in the rise in SSD capacities and decline in prices. Increasing market presence of regional players in majority of the countries is further cementing competition and, in turn, leading to the reduction in the average selling price of consumer storage devices.
Advancements in information and social technology have paved the way for unabated data growth. Business enterprises have moved from duplication and compression techniques to rack servers and data centres in order to manage growth of Big Data. This offers enterprises an improved, scalable and cost effective platform solution. Additionally, surge in demand for smartphones and other IoT devices, along with growth of social media channels, have led to a rise in demand for additional storage, which in turn is further driving growth of the global data storage market currently.
Introduction of high-performance computing solutions with minimum complexities is the key focus area for vendors in the enterprise data storage market. In data-intensive applications, such as simulation and modelling of enterprise process creates huge amounts of complex data. In order to store and process this data, high performance solutions that can manage escalating data capacities are of utmost importance.
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Assumptions & Acronyms Used
4. Market Overview
5. Middle East Data Storage Market Snapshot
6. Middle East Data Storage Market Analysis, By Application
7. Middle East Data Storage Market Analysis, By End Users
8. Middle East Enterprise Data Storage Market Analysis, By Industry Verticals
9. Middle East Data Storage Market Analysis, By Region
10. GCC Data Storage Market Analysis
11. Levant Data Storage Market Analysis
12. GCC Data Storage Market Analysis By Country
13. Levant Data Storage Market Analysis By Country
14. Competition Landscape
Companies Mentioned:
- EMC Corporation
- Hewlett Packard Enterprise Co.
- Hitachi Data System Corporation
- IBM Corporation
- Microsoft Corporation
- NetApp Inc.
- Nexenta Systems Inc.
- Open Text Corp.
- Sandisk Corporation
- VMware, Inc.
For more information visit http://www.researchandmarkets.com/research/n8kqgf/data_storage
Media Contact:
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article