Global Demand of Storage in Big Data Market

Global Market Study on Storage in Big Data: North
America Projected to Remain the Dominant
Market Through 2026
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Report Media Releases
Global Storage in Big Data Market Value to Increase from US$
9,599.1 Mn in 2016 to US$ 61.44 Bn by 2026; Hardware
Segment Projected to be the Most Attractive Segment During
the Forecast Period
Persistence Market Research delivers key insights on the global storage in big data
market in a new report titled, “Storage in Big Data: Global Industry Analysis and Forecast,
M a r k e t
2016–2026”. According to the report, the global storage in big data market is estimated to be
valued at US$ 9,599.1 Mn by the end of 2016 and this is anticipated to increase to US$ 61.44 Bn
by 2026 end. In terms of value, the global storage in big data market is expected to register a
CAGR of 20.4% over the forecast period (2016–2026). This is attributed to various factors,
regarding which Persistence Market Research offers vital insights in detail in this study.
Digitization of records globally is the primary factor driving the global storage in big data market.
Due to recent laws enforced by governments of various countries, companies are shifting
towards digital maintenance of records, especially in the healthcare sector. Increasing digital
data volumes is leading to companies increasingly adopting various data storage options.
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Further, increasing adoption of software-based storage options and an increase in the number of
connected devices is expected to fuel the growth of the global storage in big data market over
the forecast period. One of the major restraints for growth of the global storage in big data
market to a certain extent are macroeconomic factors such as reduced budgets for data storage
and high total cost of ownership of flash storage. Improper data representation is also posing a
threat to the global storage in big data market.
Leading market players are integrating predictive analytics with storage systems and are
providing storage servers close to end users to reduce latency time.
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The global storage in big data market is segmented on the basis of – Segment (Hardware
Segment, Software Segment, Services Segment); Industry (BFSI, IT and Telecommunications,
Transportation, Logistics & Retail, Healthcare and Medical, Media and Entertainment, Others);
Global Storage in Big Data Market 2016-2026
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and Region (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific
Excluding Japan (APEJ), Japan, and Middle East & Africa (MEA)).
The Hardware segment dominated the global storage in big data market with 49.1% market
share in terms of value in 2015. The Hardware segment is estimated to create incremental $
opportunity of US$ 16.38 Bn between 2016 and 2026. The Software segment is estimated to
create incremental $ opportunity of US$ 11.34 Bn between 2016 and 2026.
The BFSI segment was valued at US$ 1,694.1 Mn in 2015 and is estimated to reach US$
2,071.2 Mn by the end of 2016, reflecting a Y-o-Y growth rate of 22.3%. The Media and
Entertainment segment is expected to register high Y-o-Y growth rates throughout the forecast
M a r k e t
period.
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Among regions, North America is expected to remain dominant in terms of revenue throughout
the forecast period, registering a CAGR of 21.1% between 2016 and 2026. The North America
storage in big data market is estimated to be valued at US$ 30.12 Bn by the end of 2026. The
Western Europe storage in big data market is anticipated to register the highest CAGR of 21.8%
during the forecast period. Latin America is projected to be the most attractive region in the
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global storage in big data market in terms of revenue during the forecast period.
The global storage in big data market report covers various solution providers operating in the
global storage in big data market. Top companies profiled in the report include Google Inc.,
Microsoft Corporation, Amazon Web Services Inc., VMware Inc., IBM Corporation, Dell EMC,
SAS Institute Inc., Oracle Corporation, SAP SE, Teradata Corporation, Hewlett Packard
Enterprise, Hitachi Data Systems Corporation, and MemSQL Inc. Some of these companies are
adopting strategies such as increasing global investment in cloud services, providing hybrid
storage solutions, enhancing flash storage product portfolio, integrating cloud and flash
technology with storage products, and collaborating with various technology partners to expand
their market presence and enhance customer base globally.
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Global Storage in Big Data Market 2016-2026
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Global Storage in Big Data Market 2016-2026