Source – https://www.openpr.com/
The global Storage in Big Data Market was accounted for US$ 17,391.4 Mn in terms of value in 2019 and is expected to grow at CAGR of 20.4% for the period 2020-2027.
Big data storage refers to a compute and storage architecture that gathers and operates vast data sets and allows real-time data analytics. Many companies employ big data analytics to collect greater intelligence from metadata. Big data storage allows the storage and sorting of big data in such a way that it can be easily used, accessed, and processed by applications and services working on big data. Moreover, big data can be flexibly scaled as required. Many end-use industries employ big data storage including BFIS, media and entertainment, IT and telecommunications, healthcare and medical, transportation, logistics, retail, etc.
In a software-based storage solution, the storage controller software is disassociated from hardware and takes advantage of industry-standard hardware platforms, in order to deliver a complete range of storage services. This allows different solutions for data storage, data access interfaces, services, and can be delivered in various forms including on cloud. According to Intel Corporation’s study 2016, enterprises are shifting towards software-based storage as performance, capital expenses and scaling are the top three factors considered by data center managers. However, there are several approaches that can be used while deploying software-based storage such as Do-It-Yourself solutions, turnkey solutions and converged and hyper-converged solutions. Hence, these factors are expected to support growth of the global storage in the big data market in the near future.
Which are Compay Profile Plays Major Role in Storage in Big Data (AML) Market?
Key players operating in the global storage in big data market are MemSQL Inc., Google Inc., Hitachi Data Systems Corporation, Microsoft Corporation, Hewlett Packard Enterprise, Amazon Web Services, Inc., Teradata Corporation, VMware, Inc., SAP SE, IBM Corporation, Oracle Corporation, Dell EMC, and SAS Institute Inc.
What are the Key Segments in the Market By Types?
Global Storage in Big Data Market, By Segment:
• Hardware
◦ DAS – internal (OEM)
◦ DAS – external (OEM)
◦ DAS – other (ODM Direct)
◦ ESCON/FICON
◦ NAS
◦ SAN
◦ Tape Systems and Media
• Software
• Services
What are the Key Segments in the Market By End-use Sector ?
Global Storage in Big Data Market, By Industry:
• BFSI
• IT and Telecommunications
• Transportation, Logistics & Retail
• Healthcare and Medical
• Media and Entertainment
• Others