The rapid expansion of industrialization has spawned hundreds of industries in numerous sectors. Data and storage are the two basic building blocks of every organisation. Every day, enormous amounts of data are produced, analysed, and given a storage space in the form of information. As the company expands, increasing amounts of data are produced, which must be kept, and doing so in physical discs takes a substantial expenditure. Therefore, businesses are quickly embracing the idea of storage virtualization, where multiple physical storages are grouped from multiple network storage devices, which looks like a single storage, in order to reduce this investment and avoid the difficult and time-consuming task of managing storage and data.
Storage virtualization options are available with flexible licensing and multiple hybrid models. This technology can be used by all sizes of enterprises. Usage of storage virtualization in smart devices and software defined storage are prominent trends observed in the market.
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Storage Virtualization Market: Drivers and Restraints
The reasons propelling growth of the storage virtualization market are improved storage management in a heterogeneous IT environment, high storage availability, and increased storage use. Additionally, automated management, effective time management, and ease of storage expansion are anticipated to further fuel market growth.
The adoption of storage virtualization in the industry is hampered by network system complications and the potential of server sprawl. Additionally, if one system or server fails, all servers will also fail, which might cause issues inside an organisation. These elements limit the market for storage virtualization’s expansion.
Storage Virtualization Market: Competitive Landscape
Some of the key players in the market include Citrix Systems, Inc., HP, IBM Corporation, Microsoft Corporation, Oracle Corporation, Vmware, Inc., BlueArc Corporation, EMC Corporation, Coraid and Hitachi Data System.
Storage Virtualization Market: Regional Overview
The storage virtualization industry is anticipated to be the largest in North America. The majority of storage virtualization vendors are situated in North America, including Citrix Systems, Inc., HP, and IBM Corporation. This can be ascribed to the region’s businesses adopting more cutting-edge technology. Over the course of the projected period, it is also anticipated that the markets in Europe, SEA, and other APAC regions will expand.
The study report provides a thorough analysis of the market and is filled with intelligent observations, information, historical facts, and market data that has been statistically backed and verified by the relevant industries. It also includes estimates made utilising the appropriate methodology and set of assumptions. According to market segments including geographical regions, application types, and industries, the research study offers analysis and information.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
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Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Storage Virtualization Market: Segmentation
Segmentation of the storage virtualization market on the basis of component:
- Storage Devices
- Block aggregation layer
- File/record layer
- Application layer
Segmentation of the storage virtualization market on the basis of end-user:
- BFSI
- IT and Telecommunication
- Automotive
- Government
- Healthcare
- Others
Segmentation of the storage virtualization market on the basis of deployment:
- On-premise
- Cloud
- Public Cloud
- Private Cloud
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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Related Link :
https://ai.wiki/read-blog/81265
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