LONDON--(BUSINESS WIRE)--According to the latest market research study released by #Technavio, the global storage services marketis expected to exceed USD 91 billion by 2019, growing at a CAGR of over 7% during the forecast period.
This research report titled ‘Global Storage Services Market 2015-2019’, provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes an up to date analysis and forecast for various market segments and all geographical regions.
The report segments the global storage services market by services and can be divided into four broad segments:
Storage managementStorage deployment and supportStorage integrationStorage consulting
Storage management services
Storage management is the process of enhancing the efficiency and speed of electronic data storage. It monitors and tracks the performance of a storage area, which enables the optimization and proactive management of storage devices.
In addition, it maximizes the capacity of storage systems with which the available drive space is utilized in a storage area. Therefore, storage management helps enterprises discover unused storage space and invalid data so that the latter can be shifted to media alternatives. The technology also helps streamline future storage requirements.
According to Amit Sharma, lead analyst at Technavio for IT professional servicesresearch, “The importance of storage management is increasing significantly among enterprises as computing has become more complex and enterprise data has become more valuable. For instance, enterprise data is growing at over 60% annually, and this burgeoning growth requires new approaches to address the growing complexity.”
Storage deployment and support services
The storage deployment and support segment accounted for 30%-35% of the global storage service market in 2014. The deployment of storage infrastructure in enterprise data centers is driven by the on-demand requirement. With the growing digital data and business demands, faster deployments of storage systems have become essential.
Initial deployment of storage infrastructure follows a set of designs that includes the storage that supports the attached server infrastructure in the data center. The most commonly offered storage systems by vendors are SAN and NAS. These systems are offered by vendors such as Dell, HP, and IBM. There are also continuous innovations by vendors to improve the efficiency, performance, reliability, and durability of storage systems.
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