The global enterprise storage market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period. The growth of the enterprises’ data storage market is driven by several factors, including, cloud storage adoption, demand for data analytics, solid state drive( SSD) technology advancements, the emergence of new storage technologies, and the demand for secure data storage solutions. As data continues to be a valuable asset for businesses, the demand for innovative and efficient storage solutions is expected to persist in the coming years.Therefore, the market players such as IBM, Viking Enterprise Solutions, Seagate, and othersare adopting various strategies including mergers and acquisitions, partnerships, collaborations, funding, services, and new product launches to meet the increasing growth of the market. For instance,
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- In April 2023, Seagate and QNAPrevealedtheir integrated portfolio of edge-to-cloud enterprise storage solutions. The collaboration aims to offer an integrated solution with high-density and efficient management, designed for 4K/8K multimedia, video surveillance, big data storage, and critical backups. The portfolio includes the integration of Seagate’s IronWolf Pro enterprise-class HDDs with QNAP’s NAS with QuTS hero and QTS.
- In May 2022, IBM launched a new software-defined storage server for AI, called the Spectrum Scale Enterprise Storage Server (ESS) 3500. This storage server is designed to work with Nvidia’s DGX dense compute servers for AI training and features a faster controller CPU and more throughput than older models. The ESS 3500 runs IBM’s scale-out parallel file system, Spectrum Scale, which can span on-premises, cloud, and edge networks.
- In May 2022, Viking Enterprise Solutions launched a highly scalable, on-premise software-defined storage solution called Cloud Native Obsidian (CNO). CNO is an object storage solution with a cloud-native architecture that provides durability and fault tolerance for today’s always-on data center. It is highly scalable, both vertically and horizontally, for capacity and/or performance, and can be infinitely expanded.
Global Enterprise Storage Market Report Segment
By Storage System
- Direct Attached Storage
- Storage Area Network
- Network Attached Storage
- Mixed/ Hybrid Storage Environment
By Industry Verticals
- BFSI
- Healthcare and Life Sciences
- Telecommunications and IT
- Government and Public Sector
- Manufacturing
- Consumer Goods and Retail
- Media and Entertainment
- Others (Travel, Hospitality, and Education)
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Enterprise Storage Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Cohesity Inc.
- Data Direct Networks
- EMC Corp.
- Furukawa Group
- Hitachi Vantara
- Huawei Investment & Holding Co., Ltd.
- IBM Corp.
- Infinidat, Inc.
- International Business Machines Corp.
- NEC Corp.
- NetApp, Inc.
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