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Hardware Storage Market to Showcase Significant Growth in Network Attached Storage (NAS) Industry Over the Coming Years

Author : Ronak Bora | Published Date : 2019-04-24 

The Hardware Storage Market report offers detailed competitive landscape of the global industry. It includes company, market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the market based on product, technology, end user and region.

Network Attached Storage (NAS) market holds the major share in the hardware storage market. The NAS-based systems are extensively used in the SMEs due to their cost-effective nature. Direct Attached Storage (DAS) is used for small private cloud installations and large databases. The storage Area Networks (NAS) are mainly used in media sharing devices that allow several server systems to access a shared pool of data. 

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The key trends shaping the hardware storage market are emergence of big data technologies and IoT devices. These technologies have allowed various new sources to data generation and provided several tools & solutions to collect and evaluate large amount of data. As the enterprises, devices and automobiles are becoming intelligent and interconnected the data will grow. This growth in data has increased the demand for new and innovative analytical solutions to extract meaningful insights from chucks of data collected. Hence, the exponential growth of digital data is expected to drive the growth of the market.

Asia Pacific hardware storage market is expected to grow significantly over the forecast timeline. This growth can be attributed to the increased IT hardware spending in the region. Moreover, the introduction of data localization regulations has fostered the market growth. For instance, in 2018, the Indian government introduced a cloud computing policy that mandated all the tech firms to store the data in the country to be stored within the country.

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The North American region leads the hardware storage market due to the presence of large players such as Dell, EMC and IBM. The companies in the region have invested highly in the development of advanced IoT technologies and big data platforms. The data generated IoT devices has increased the demand for high performance storage devices. U.S. have have invested highly in establishing supporting business infrastructure which has accelerated growth of the hardware storage market in the region.

The key players in the hardware storage market are Dell, HP, IBM, NetApp, EMC, Symantec, Western Digital, Hitachi, Micron Technology, SanDisk, Toshiba, Huawei, Seagate Technologies, Coho, Jeda Networks and Pernix. The technological advancement and growing competition have driven the market players to develop inexpensive solutions.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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