October, 2024
The data center storage market is witnessing substantial growth rate owing to the increasing adoption of digital services including proliferation of the cloud and edge computing across various sectors. This is fuelling the markets demand on a global scale. The data center storage technology allows companies to store, manage and access the data securely with remote option and offers optimum efficiency.
The cloud storage segment plays a key role in the development of data storage applications. It includes various technologies and tools to regulate storage resources effectively. Key factors include network attached storage, redundant array of independent disks, tape drives and hard disk drives are an integral part of the data center storage system. Furthermore, rise in IoT enabled devices, 5G technologies fueling the markets demand further. Also, businesses are increasingly adopting hybrid cloud models, further escalating the demand for data storage solutions.
Region wise, North America dominates the global market due to stringent government regulations for data privacy including robust IT infrastructure in the region, while Asia Pacific is considered as a fastest growing region due to the economically evolving countries like India, China and Japan.
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