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Allied Market Research

External Enterprise Storage Market by Storage (Police Optical Storage, Solid-state Storage, Flash Memory Devices, Smart Cloud Devices, and External Hard Drives), Organization Size (Large Enterprises and Small-& Medium-sized Enterprises (SMEs)), and Industry Vertical (BFSI, Healthcare & Life Sciences, Telecommunications &IT, Government & Public Sector, Manufacturing, Consumer Goods & Retail, Media & Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09777
Pages: NA
Feb 2021 | 73 Views
 
Author(s) : NA
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COVID-19

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External Enterprise Storage Market Insight:

External enterprise storage is a centralized repository of business information that provides common data protection, management, and data sharing functions through connections across various computer systems. Enterprises handle the heavy workload of business-complex information, thus, enterprise storage systems are scalable for workloads of hundreds of terabytes, petabytes, without much cone or subsystem creation. In addition, an important aspect of an enterprise storage system is unlimited connectivity and support for multiple platforms. Numerous benefits are offered by enterprise storage solutions such as enable file sharing and collaboration among workers. External enterprise storage offerbusiness better performance, reliability, and availability &scalability of storage solutions.

External Enterprise Storage Market Scope and Structure Analysis:

Report Metric

Details

Market size available for years

2020–2027

Base year considered

2019

Forecast period

2021–2027

Forecast units

Value ($)

Segments covered

Storage, Organization Size, Industry Vertical, and Region

Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and Middle East &Africa

Companies covered

Dell Technologies Inc., Fujitsu Limited, Hewlett Packard Enterprise, Hitachi Data Systems, Huawei Technologies Co. Ltd., International Business Machines Corporation, NetApp Inc., Pure Storage, Inc., Seagate Technology PLC, and Toshiba Corporation

 

Impact of COVID-19 on External Enterprise Storage Market:

  • Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost all countries around the globe, with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affect the global  external enterprise storage market in 2020
  • Though governments have imposed lockdowns to contain spread of the virus, businesses have shifted to online mode and are encouraging work from home, which has led to rise in internet usage and heavy traffic load on service providers. Thus, external enterprise storage are used by business to enable file sharing and collaboration among workers.
  • Overall, the pandemic is expected to have a positive impact on the global external enterprise storage market.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Growth of the external enterprise storage market is driven by various factors such as increasing adoption of digital transformation (AI &ML) projects across organizations, change in the adoption of cloud based storage, hybrid storage & all flash arrays, increased government spending in advanced storage technologies and growing volumes of data due to increasing workloads across verticals. In addition, there is a growing number of entrepreneurs looking for external enterprise storage solutions from storage vendors to make the business perform better with competitive prices, which drives market growth. However, advanced technologies such as software-defined storage and hyper-converged infrastructure are expected to restrain traditional external enterprise storage market. Contrarily, enterprises are allocating significant share of their budgets for external storage solutions and investment in the storage market are expected to surge the demand for external enterprise storage market in the forecasted years.

Proliferation of artificial intelligence and machine learning in the organizations

Artificial intelligence and machine learning have changed many different aspects of IT management, including storage. Machine learning algorithms are starting to be used for predictive storage analytics and storage management. It enables storage management processes to learn, alter settings and operations to optimize workloads, broker storage infrastructure, manage large-scale data sets, and root out the causes of problems and abnormalities and fix them. The adoption of AI and ML in the enterprises is expected to drive external enterprise storage market.

Adoption of cloud storage in organizations

Enterprise cloud storage includes storage capacity purchased from a public cloud service provider.

Enterprises often turn to cloud storage to reduce or minimize the cost of maximum premises, reduce the complexity of managing storage, and improve the infrastructure of the data center.  For instance Amazon Web Services (AWS), Google Cloud and Microsoft Azure are using cloud storage to streamline business process. With the increasing adoption in cloud storage the organizations are expected to increase the demand for external enterprise storage market.

Key segments covered:

Segments

Subsegments

Storage

  • Police Optical Storage
  • Solid State Storage
  • Flash Memory Devices
  • Smart Cloud Devices
  • External Hard Drives

Organization Size

  • Large Enterprises
  • Small & Medium-Sized Enterprises (SMEs)

Industry Verticals

  • BFSI
  • Healthcare & Life Sciences
  • Telecommunications & IT
  • Government & Public Sector
  • Manufacturing
  • Consumer Goods & Retail
  • Media & Entertainment
  • Others

Key benefits of the report:

  • This study presents the analytical depiction of the global external enterprise storageindustry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global external enterprise storagemarket share.
  • The current market is quantitatively analyzed from 2021 to 2027 to highlight the global external enterprise storagemarket growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global external enterprise storagemarket analysis depending on competitive intensity and how the competition will take shape in coming years.

In the 2020 Budget, the UK government committed £5bn for next generation broadband and extended 4G coverage, but 5G will have accelerated adoption in the long-term. Post-COVID-19, it is expected to see a rise in cloud computing, as the ability to offer flexible and collaborative working becomes more important than ever in the shift to home working. Teleconferencing tools like Zoom and Microsoft Teams are seeing a boom as employees switch to remote work, and it will boom with the 5G adoption. COVID-19 is accelerating companies to transform their global supply chain model. Business leaders will need to look at new tools and technologies that can provide greater intelligence and build greater resilience into their supply chain against future disruptions. It is expected to see a huge investment in platforms that support applied analytics, artificial intelligence and machine learning to mitigate risks from these black swan events

 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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