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Tiered storage is a data storage environment that leverages the installation of two or more tiers of storage, and meets industry objectives on the basis of major attributes including performance, price, functionality, and capacity. This storage system is used by enterprises for better alignment of data on storage devices with its importance or value to the organization. By implementing a tiered storage architecture, an organization can dramatically enhance its data storage capacities, increase performance, lower costs, and scale technology in order to meet the growing demand for storage requirements globally. It has been observed that over the past five years data storage needs have grown at an exponential rate. This is the result of the advent of advanced storage systems such as internet small computer systems interface (iSCSI), storage area networks (SAN), and content addressed storage (CAS). In addition, continuous developments in many established technologies such as network attached storage (NAS) have also helped in addressing the demand for data storage systems.

At present, the need for storage environment is growing across the world. As a result, an automated tiered storage system is becoming an essential architecture for consumers. This is primarily due to the fact that volume of digital data is constantly increasing and manual data movement is time consuming. With the recent development in the field of data storage market, enterprises are unceasingly adopting tiering strategies to manage and maintain data storage.

The global tiered storage market is witnessing growth due to factors such as growing need to store large amount of data among enterprises and growing demand for cloud computing around the globe. Furthermore, growing demand for effective and efficient storage systems among enterprises is fueling the demand for tiered storage systems. Effective storage tiering has the capability to enhance storage density, addressing resources and environmental issues such as floor space, power consumption, and management overhead, on a per-gigabyte basis. Apart from this, growing technological advancements in cameras and analytics is also putting ever increasing demand on storage for video surveillance, leading to growing capacity demands to store that data. Therefore, this is expected to further boost the growth of the tiered storage market around the globe. However, lack of awareness and data privacy concerns and free storage tiers are the major factors which are restraining the growth of this market. High penetration of external storage systems is also a key factor which is expected to hinder the growth of the tiered storage market in forthcoming years.

The global tiered storage market can be segregated based on application and geography. By application, the market can be segregated into construction, retail, IT & telecom, transportation, security, banking, financial services and insurance, utilities, automotive and others. Based on geography, the global tiered storage market can be segmented into Europe, Asia Pacific, North America, South America, and Middle East & Africa.

North America is anticipated to dominate the tiered storage market throughout the forecast period. Demand for tiered storage is growing at a faster rate due to the rising space constraints and rapid industrialization across the region. However, the increasing demand for automation in emerging economies such as Middle East & Africa, Asia Pacific, and South America is further anticipated to drive the demand for tiered storage systems across the world.

Major vendors operating in the global tiered storage market include NetApp, Inc., LSI Corporation, Hitachi Data Systems Corporation, International Business Machines Corporation, Hewlett Packard Enterprise Development LP, EMC Corporation, Dell, Inc., Oracle Corporation, SGI Corporation, Intel Corporation, Lenovo Group Limited, Western Digital Corporation, Integrated Device Technology Inc., Overland Storage, Inc., NetGear, Inc., and Buffalo Americas, Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Tiered Storage Market

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