Disk storage system market is very lucrative, as the volume of the data is increasing and hence, the demand for storage systems is increasing in developing countries. The increasing demand for this market makes it indispensible to have a complete study of this global market.
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As these systems are being used in data centre’s, this technology has numerous opportunities in the global market. In the current business scenario, the growing volume of data and storage capabilities are the major drivers for this industry. Replacement of traditional storage spaces by disk drives provides faster switching time, high efficiency and low power consumption.
These are some more factors driving the global storage market. Although, the storage systems have various benefits, high cost and storage capabilities in terms of volume are some of the limiting factors for the same.
The various sectors in which the storage systems are used can be segmented as automotive and transportation applications, industrial automations, energy and power distribution, health care applications, military application and consumer electronics. The market has been studied in different geographies such as North America, Europe, Asia-Pacific and RoW.
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To maintain their position in the competitive market, the companies are adopting product launch and acquisition strategies. For example, IMB has come up with the slimmest and highest capacity storage system in notepad. EMC Corporation has signed an agreement to acquire ScaleIO Pvt Ltd. Some of the market players are EMC, IBM, Seagate, Hitachi, ScanDisk, Micron, HP, NetApp, HDS and Dell.
The research provides an overview of the global market including the detailed segmentation for the same. The detailed study of this market helps to understand the market leaders, new entrants, and competition in market. Porter’s five force model and SWOT analysis helps in providing a wider view of the competitive market and formulation of strategies. Market dynamics of market shows the impact of drivers over the restrains and also focuses on opportunities available in the market.
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Key Benefits
- Detailed analysis provides the driving and limiting factors of the global market.
- Porter’s five force model and SWOT analysis discussed for the market would help in making strategic decisions.
- The market study helps in understanding the strategies adopted by the companies for the growth of the global market.
- Micro level analysis is conducted based on applications and geographies.
- The forecast of different regional markets provides a real-time insight on the region specific market and could help in reducing business risks.
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