Big data is increasing exponentially, driving demand for storage capacity. As physical storage is growing exponentially, more terabyte drives are being added to companies’ storage devices. Big data analytics is the derivation of meaningful insights from petabytes and exabytes of data. It breaks down data sets into smaller chunks for efficient processing to derive intelligence for effective decision-making.
THE Business RESEARCH COMPANY VALUED THE Computer STORAGE DEVICES AND SERVERS GLOBAL Market AT $96 BILLION IN 2017
Asia Pacific was the largest geographic region in the market, accounting for two-fifth of the global market. The USA was the largest country accounting for one-fifth of the global computer storage devices and servers market.
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The chart below shows the year-on-year growth of the global computer storage devices and servers market during 2017 – 2021
According to The Business Research Company’s Consultant, Nitin Gianchandani, with improved controllers, Solid State Drivers (SSD) are delivering wear life comparable to hard drives in speed, low power, and better reliability. These factors will rapidly increase the pace of hard drive replacement. Demand is making flash prices to get increased switchover to the much denser 3D NAND technology.
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IBM was the biggest player in the computer storage devices and servers market, with revenues of $7.7 billion in 2016. IBM’s growth strategy is to increase its global cloud data center footprint through acquisitions. In 2015, IBM invested $1 billion to expand its cloud business and made seven cloud acquisitions including Cleversafe, Gravitant and Clearleap.
Computer storage devices are the core components of a computing device. They store almost all the data and applications on a computer except software permanently programmed on the hardware. Computer storage devices can be categorized into primary storage devices and secondary storage devices.
Computer Storage Devices And Servers Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
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