IBM Corporation, NetApp, Inc., Microsoft Corporation, Pure Storage, Inc., Dell Inc., and Samsung Electronics, among others are the key players in the global data storage market.
The global data storage market witnessed a healthy growth in the historical period of 2017-2021, aided by the rapid digitisation. The market is expected to grow at a CAGR of 26% during the forecast period of 2022-2027. Data storage is the storing of information in a storage medium. This includes electromagnetic, optic and even silicon-based devices.
The number of smartphone and computer users is rising steeply. As a result, the data on these devices needs storage space, leading to the growth of the market. External hard drives contribute to this market. From banks to multinational companies, almost every organisation stores some sort of records, which means data storage becomes essential. Advancements in technology has provided cheaper and easily accessible data storage devices such as universal serial buses (USB), compact discs, solid state drives and many more.
The demand for data storage is likely to rise in the next years, especially in the Asia Pacific region, as digitisation and the number of active mobile users increase. The market is also being pushed forward by the selling of external hard drives and other storage devices in nations like China and India. Data storage is a must-have for large organisations and industries, ranging from banks to global corporations. Furthermore, the data storage industry is projected to benefit from technological advancements.
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|Headquarters:||Armonk, New York, United States|
IBM is a lead cloud and cognitive solutions company. It is also the largest consulting company in the world. IBM provides data storage in the form of all-flash storage for servers, hybrid storage, tape storage and storage area networks. IBM also provides data protection and software defined storage, mainly in the form of cloud storage. As it is one of the biggest companies in the world, IBM has 350,000 employees serving in 170 countries.
|Headquarters:||Sunnyvale, California, United States|
NetApp is focused on unlocking the best of cloud by partnering with the world’s biggest cloud providers. It provides various cloud and storage solutions to its consumers. NetApp’s data storage solutions include the AFF series, which are flash storage devices; FAS series, which is a cloud-optimized unified platform; and E-series, which is built for high-bandwidth applications like disc-based backup.
|Headquarters:||Redmond, Washington, United States|
Microsoft is known for its Windows operating system and its cloud storage software, Azure. The company provides data storage solutions for devices with Azure cloud storage. These solutions include disk storage, files storage (which they created by partnering with NetApp), Data Lake storage, and data box.
|Headquarters:||Mountain View, California, United States|
Pure Storage is one of the fastest growing IT enterprise in history. It provides various storage solutions to its customers. The FlashArray series provides for flash storage, the FlashBlade series provides for object storage, FlashStack series provides a modern infrastructure platform for business-critical applications, and FlashRecover series provides for efficient backup storage. The company has over 8000 satisfied customers, and 3400 employees working for it.
|Headquarters:||Round Rock, Texas, United States|
Dell is one of the best companies when it comes to customer service. It provides fantastic services and highest quality products which are extremely durable. The data storage facilities that dell provides are targeted towards businesses which have larger requirements of storage capacity. The PowerVault MD and PowerVault ME series increases storage capacities of servers, while some products such as PowerStore and PowerVault TM series provide security and improve efficiency of storage.
|Headquarters:||Seoul, South Korea|
Samsung is one of the largest companies in the world. It has various products under its belt, ranging from home appliances to smartphones. It is also one of the leading producers of data storage devices. These include solid state drives (SSDs), portable SSDs, memory cards, flash drives, and hard disks. The storage capacity of these devices ranges from mere 512 MB to even over 4 TB hard drives.
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