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The enterprise storage systems market share is expected to increase by USD 15.15 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.92%.
This enterprise storage systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers enterprise storage systems market segmentation by deployment (SAN system, NAS system, and DAS system) and geography (North America, Europe, APAC, South America, and MEA). The enterprise storage systems market report also offers information on several market vendors, including DataDirect Networks Inc., Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Investment and Holding Co. Ltd., International Business Machines Corp., Lenovo Group Ltd., NetApp Inc., and Western Digital Corp. among others.
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Based on our research output, there has been a neutral impact on the market growth during and after the post-COVID-19 era. The increasing investments in data centers are notably driving the enterprise storage systems market growth, although factors such as increasing data center consolidation activity may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the enterprise storage systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Enterprise Storage Systems Market Driver
The increasing investments in data centers are one of the key factors driving the growth of the global enterprise storage systems market. The need for data centers is growing, owing to an increase in the adoption of cloud services and the generation of a considerable volume, variety, veracity, and velocity of data across enterprises. Companies such as Google, Amazon.com, Apple, and Facebook, are investing significantly in building their own data centers. These companies are clients of enterprise storage systems. As these companies need to build their own data centers, they approach data center construction services and enterprise storage systems providers for design, engineering services, and mechanical services. Thus, an increase in the investments made by enterprises in building their own data centers will have a positive impact on the growth of the global enterprise storage systems market. An increase in investments in the construction of data center facilities by enterprises, such as Facebook Inc. (Facebook), Amazon.com Inc. (Amazon.com), Apple Inc. (Apple), and Google LLC (Google), will increase the demand for servers and other storage devices, which will drive the growth of the global enterprise storage systems market during the forecast period.
Key Enterprise Storage Systems Market Trend
The hyper-converged infrastructure will fuel the global enterprise storage systems market growth. Hyper-converged infrastructure is defined as a combination of software-defined resources, namely storage, computing, and networking. It eliminates the need for enterprises to depend on multiple storage, computing, and networking systems, as all the three components can be run in a virtualized environment to enhance resource utilization. Furthermore, it reduces power consumption and optimizes space, resulting in increased agility, speed, and efficiency of data centers. Hyper-converged infrastructure is ideal for SMEs as the compute, storage, and network functions can be managed centrally. The rising demand for hyper-converged infrastructure is expected to contribute to the growth of the global enterprise storage systems market during the forecast period. Global vendors are actively promoting hyper-converged infrastructure solutions. Software-defined storage is possible via multiple options, such as hyper-converged infrastructure software, containers, hypervisor, scale-out storage, and distributed file systems. Therefore, the rise in the adoption of hyper-converged infrastructure by enterprises is expected to lead to the significant growth of the global enterprise storage systems market during the forecast period.
Key Enterprise Storage Systems Market Challenge
The increasing data center consolidation activity is a major challenge for the global enterprise storage systems market growth. Infrastructure-as-a-service (IaaS) is an important cloud concept in which several companies utilize virtualized computing resources over the Internet. Some examples of IaaS include Digital Ocean, Linode, Rackspace, Amazon Web Services (AWS), Cisco Metapod, Microsoft Azure, and Google Compute Engine (GCE). The significant growth of IaaS has led to data center consolidation. Datacenter consolidation is a concept in which companies focus on reducing the size of a data center facility or even merging several such facilities. The major reason for doing so is to reduce their operating costs. Several software companies are moving toward adopting a common cloud platform, which will reduce the need for individual data centers. Some companies, including Salesforce, Tableau, and SAP, have announced plans to utilize the public cloud in the IaaS deployment option. Moreover, The increase in data center virtualization leads to consolidation and reduces the number of data centers. This hinders the sales of infrastructure and reduces the footprint of data centers worldwide, thereby affecting the demand for enterprise storage systems.
This enterprise storage systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The global enterprise storage systems market is a part of the global information technology spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the enterprise storage systems market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the enterprise storage systems market encompasses successful business strategies deployed by the key vendors. The enterprise storage systems market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The enterprise storage systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the enterprise storage systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global information technology spending market includes the following core components:
The report has further elucidated other innovative approaches being followed by service providers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Deployment
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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