Storage in Big Data Market Anticipated to Grow US$ 61.44 Bn by 2026 | Page 2
R e s e a r c h
Report Media Releases
Global Storage in Big Data Market Value to Increase from US$
9,599.1 Mn in 2016 to US$ 61.44 Bn by 2026; Hardware
Segment Projected to be the Most Attractive Segment During
the Forecast Period
Persistence Market Research delivers key insights on the global storage in big data
market in a new report titled, “Storage in Big Data: Global Industry Analysis and Forecast,
M a r k e t
2016–2026”. According to the report, the global storage in big data market is estimated to be
valued at US$ 9,599.1 Mn by the end of 2016 and this is anticipated to increase to US$ 61.44 Bn
by 2026 end. In terms of value, the global storage in big data market is expected to register a
CAGR of 20.4% over the forecast period (2016–2026). This is attributed to various factors,
regarding which Persistence Market Research offers vital insights in detail in this study.
Digitization of records globally is the primary factor driving the global storage in big data market.
Due to recent laws enforced by governments of various countries, companies are shifting
towards digital maintenance of records, especially in the healthcare sector. Increasing digital
data volumes is leading to companies increasingly adopting various data storage options.
P e r s i s t e n c e
Further, increasing adoption of software-based storage options and an increase in the number of
connected devices is expected to fuel the growth of the global storage in big data market over
the forecast period. One of the major restraints for growth of the global storage in big data
market to a certain extent are macroeconomic factors such as reduced budgets for data storage
and high total cost of ownership of flash storage. Improper data representation is also posing a
threat to the global storage in big data market.
Leading market players are integrating predictive analytics with storage systems and are
providing storage servers close to end users to reduce latency time.
Download Sample Report @ http://www.persistencemarketresearch.com/samples/12235
The global storage in big data market is segmented on the basis of – Segment (Hardware
Segment, Software Segment, Services Segment); Industry (BFSI, IT and Telecommunications,
Transportation, Logistics & Retail, Healthcare and Medical, Media and Entertainment, Others);
Global Storage in Big Data Market 2016-2026