Global Storage Management Market 2015-2019 - New Market Research Report

From: Fast Market Research, Inc.
Published: Sun Sep 06 2015

Over the years, business enterprises worldwide have become increasingly dependent on technology. We expect this trend to intensify.
Storage management is the process of enhancing the efficiency of electronic data storage. It monitors and tracks the performance of storage areas, which enables optimization and proactive management of storage devices. In addition, it maximizes the capacity of storage systems. Thus, storage management helps enterprises discover unused storage space and invalid data so that the latter can be shifted to alternative locations. The technology also helps streamline future storage requirements. The importance of storage management is increasing due to the growing complexity of computing and enterprise data. For instance, the volume of enterprise data is growing at more than 60% annually, and this burgeoning growth requires newer approaches to address its complexity.

Technavio's analysts forecast the global storage management market to grow at a CAGR of 8.44% over the period 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "Many enterprises are finding difficult to manage SAN and NAS with separate management interfaces since the technologies are complex, time-consuming, and inefficient. SAN and NAS management requires talented administrators to use multiple tools. To overcome such challenges, many enterprises prefer unified storage management systems that allow administrators to manage the pools of the block and the file storage easily and effectively."

According to the report, enterprises are struggling to match the unprecedented increase in data volumes with cost-efficient ways to store data. As costly primary storage is filling up, enterprises are moving their less active data to less expensive storage media. Storage service providers are offering virtualization of on-premise data to make efficient use of data centers, reduce costs, and accommodate the rising volumes of data. This results in higher ROI, frees up capacity, and improves performance.

Further, the report states that data-driven insights are instrumental in deciding competitive strategy and discerning customer behavior patterns. Much effort is dedicated to developing innovations that effectively manage sophisticated systems. Organizations worldwide have stepped up hiring in big data analytics domains.

The key players in the Global Storage Management Market are Dell, EMC, Hitachi Data Systems, HP, IBM, and NetApp while other prominent vendors include Accenture, Aptare, Brocade Communications Systems, CA Technologies, Capgemini, CenturyLink Technologies Solutions, Cisco Systems, Coraid, Data Dynamics, Datacore, InfoFort, Micron Technology, OASIS Group, Oracle, Pivot3, Pure Storage, Rackspace, Redhat, SanDisk, Seagate Technology, Skipton Group, SolarWinds, Storage Fusion, SwiftStack, Symantec, Virtual Instruments, Vmware

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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