Tiered Storage Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025


#7812

Transparency Market Research

$ 5795

Tiered storage is a data storage environment that leverages the installation of two or more tiers of storage, and meets industry objectives on the basis of major attributes including performance, price, functionality, and capacity. This storage system is used by enterprises for better alignment of data on storage devices with its importance or value to the organization. By implementing a tiered storage architecture, an organization can dramatically enhance its data storage capacities, increase performance, lower costs, and scale technology in order to meet the growing demand for storage requirements globally. It has been observed that over the past five years data storage needs have grown at an exponential rate. This is the result of the advent of advanced storage systems such as internet small computer systems interface (iSCSI), storage area networks (SAN), and content addressed storage (CAS). In addition, continuous developments in many established technologies such as network attached storage (NAS) have also helped in addressing the demand for data storage systems.

At present, the need for storage environment is growing across the world. As a result, an automated tiered storage system is becoming an essential architecture for consumers. This is primarily due to the fact that volume of digital data is constantly increasing and manual data movement is time consuming. With the recent development in the field of data storage market, enterprises are unceasingly adopting tiering strategies to manage and maintain data storage.

The global tiered storage market is witnessing growth due to factors such as growing need to store large amount of data among enterprises and growing demand for cloud computing around the globe. Furthermore, growing demand for effective and efficient storage systems among enterprises is fueling the demand for tiered storage systems. Effective storage tiering has the capability to enhance storage density, addressing resources and environmental issues such as floor space, power consumption, and management overhead, on a per-gigabyte basis. Apart from this, growing technological advancements in cameras and analytics is also putting ever increasing demand on storage for video surveillance, leading to growing capacity demands to store that data. Therefore, this is expected to further boost the growth of the tiered storage market around the globe. However, lack of awareness and data privacy concerns and free storage tiers are the major factors which are restraining the growth of this market. High penetration of external storage systems is also a key factor which is expected to hinder the growth of the tiered storage market in forthcoming years.

The global tiered storage market can be segregated based on application and geography. By application, the market can be segregated into construction, retail, IT & telecom, transportation, security, banking, financial services and insurance, utilities, automotive and others. Based on geography, the global tiered storage market can be segmented into Europe, Asia Pacific, North America, South America, and Middle East & Africa.

North America is anticipated to dominate the tiered storage market throughout the forecast period. Demand for tiered storage is growing at a faster rate due to the rising space constraints and rapid industrialization across the region. However, the increasing demand for automation in emerging economies such as Middle East & Africa, Asia Pacific, and South America is further anticipated to drive the demand for tiered storage systems across the world.

Major vendors operating in the global tiered storage market include NetApp, Inc., LSI Corporation, Hitachi Data Systems Corporation, International Business Machines Corporation, Hewlett Packard Enterprise Development LP, EMC Corporation, Dell, Inc., Oracle Corporation, SGI Corporation, Intel Corporation, Lenovo Group Limited, Western Digital Corporation, Integrated Device Technology Inc., Overland Storage, Inc., NetGear, Inc., and Buffalo Americas, Inc.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.