Disk Storage Systems Market: Drivers ,Challenges,Segmentation,Regional Outlook,Key Players
Disk storage system is the secondary storage systems in computers after RAM (random-access memory). Floppy disk drive and hard disk drive are both good examples of secondary storage devices. Disk is a general category storage place having a round plate on which data can be encoded. Disk storage systems provide storage productivity solutions such as virtualization, real time compression and delivering of the services.
Due to increasing volume of data, the demand for storage devices is increasing in developing countries to a great extent. Digital disk systems are the block storage devices divided in logical which are the collection of sectors. These are generally used in data centers providing technological advancements in the global market.
The increasing amount of data growing volume of data and storage capabilities are the major drivers for this industry. However, issues with storage densities, capacities and high cost for emerging technologies are some factors hindering the growth of the market.
Disk Storage Systems Market: On the basis of end-user, disk storage system market can be segmented into industrial automation, energy and power distribution applications, automotive and transportation applications, consumer electronics, healthcare applications and military applications
On the basis of region, disk storage system market can be segmented into North America, Latin America, Western Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.
North America and Europe market are in advanced stage of adoption of disk storage device. However, Asia Pacific and Latin America are expected to witness the highest growth rates due to increasing data in developing countries.
Some of the leading players of Disk Storage Systems Market are: NetApp, IBM, HP Inc., Seagate Technology LLC, Micron Technology, Inc., SanDisk, Hitachi Data Systems Corporation, Dell and Hitachi, Ltd.In September 2016, Dell acquired EMC Corporation in US$67 bn deal. However, there are a lot of new players entering the market as it holds huge business opportunities.
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