A new research report, titled “Cloud and Internet of Things (IoT) Storage Technologies: Global Market Through 2022,” has been recently added by ResearchMoz.us to its compressive collection of research reports. An in-depth study of the Internet of Things and Cloud storage technologies global market has been discussed in the scope of the report, highlighting the growth prospects and trends. The rising number of applications of Internet of Things and cloud storage technologies is considered as one of the major drivers encouraging the growth of the global market in the next few years.
The rapid development of the storage infrastructure and tremendously rising use of cloud and Internet of Things technologies are anticipated to accelerate the growth of the market throughout the forecast period. Thanks to these drivers, the global market for cloud and Internet of Things storage technologies is projected to exhibit a healthy growth rate in the near future. Cloud and Internet of Things both demand for a transformation of the storage infrastructure. The traditional platform is expected to be transformed into a scalable, highly efficient, and dynamic, which will ensure a highly flexible support to the virtual reality, multimedia, and highest scale video sessions.
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On the basis of technology, the global market has been classified into Internet of Things storage, cloud storage, services, software, and hardware. With technological advancements and the growing demand from diverse applications are some of the key aspects that are likely to accelerate the growth of the market in the next few years. Cloud and Internet of Things have different requirements in different scenarios. In Internet of Things, the key challenge for some applications may be the scale for massive data, whereas for some the issue is low latency. On the other hand, the storage infrastructure needs to be integrated with server and computer resources in order to present an efficient and highly scalable single environment.
The global market for cloud and Internet of Things storage technologies has been categorized on the basis of end use into small businesses, enterprises, and mid-size firms. Furthermore, insurance, healthcare, banking, utilities, manufacturing, transportation, government, retail, and media are some of the key application segments of the cloud and Internet of Things storage technologies market.
The competitive landscape of the global market for cloud and Internet of Things storage technologies is highly competitive in nature. The market is expected to witness several new players to enter the market in the next few years. Some of the leading players operating in the market include Pivot3, Tintri Inc., Nimbus Data, Hewlett-Packard Enterprise Co., Pure Storage, Huawei, Hitachi Vantara (Hitachi Data Systems), Ntt, Nutanix, Dell Inc., Promise Technology, IBM, DDN, Quantum, Interoute, Juniper Networks, Western Digital, AT&T, Oracle Corp., and Scality.