Insights Into the Worldwide Data Center Storage Market (2019-2023): Growing Deployment of Edge Computing Will Provide Significant Growth Opportunities

| Source: Research and Markets Research and Markets

Dublin, June 21, 2019 (GLOBE NEWSWIRE) -- The "Data Center Storage Market by Deployment and Geography - Global Forecast and Analysis 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The shift of preference from the legacy protocols like SAS/SATA to the Non-Volatile Memory Express (NVMe)-enabled storage solutions is one of the major factors driving the growth of global data center storage market size.

NVMe protocol helps in accelerating data transfer between the processing system and SSDs over a high-speed Peripheral Component Interconnect Express (PCLe) bus. Backed with PCLe interface, NVMe-enabled SSD can connect to the host computer and achieve higher speeds when compared to the SATA interface.

Unlike traditional storage solutions, NVMe-enabled SSDs have better storage as well as operational advantages. They consume less power and offer reduced latency along with higher input/output operations per second (IOPS).

Such benefits are driving data center operators to adopt NVMe-enabled storage solutions in data centers. This is expected to support the growth of the global data center storage market size at a CAGR of more than 28% during 2019-2023.

Growing deployment of edge computing

The high volume of data generated from end-user industries such as telecommunication, manufacturing, and energy has increased the demand for technologically advanced edge platforms. Many vendors in the market are developing more advanced edge platforms to improve the data management capabilities of their clients at the edge of the network. The growing deployment of edge computing is expected to increase the demand for storage solutions for data centers.

High initial costs

The high costs associated with the implementation of data center service operations is expected to hinder the growth of the global data center storage market. Such costs are considered to be recurring, including the regular expenditure on maintenance and operation. This has prompted companies to shut down their on-premises data centers and is discouraging newer enterprises to enter the market.

Competitive Landscape

The market fairly concentrated with few companies occupying the market share. Companies such as Dell Technologies and Hewlett Packard Enterprise Development have intensified the competition. Factors such as the increasing demand for Non-Volatile Memory Express-enabled storage solutions and the growing deployment of edge computing will provide significant growth opportunities for data center storage solution providers.

Key Players

  • Dell Technologies Inc.
  • Hewlett Packard Enterprise Development L.P.
  • Huawei Technologies Co. Ltd.
  • IBM Corp.
  • NetAPP Inc.

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY DEPLOYMENT

  • Comparison by deployment
  • SAN system - Market size and forecast 2018-2023
  • NAS system - Market size and forecast 2018-2023
  • DAS system - Market size and forecast 2018-2023
  • Market opportunity by deployment

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

  • Growing investments in hyperscale data centers (HDCs)
  • Implementation of AI in enterprises
  • Increasing preference for hyper-converged infrastructure in data centers

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Dell Technologies Inc.
  • Hewlett Packard Enterprise Development L.P.
  • Huawei Technologies Co. Ltd.
  • IBM Corp.
  • NetAPP Inc.

For more information about this report visit https://www.researchandmarkets.com/r/7kp5aj

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