The Global Object-Based Storage Market Report by Global Insight Services is the single and trusted source of information for the Object-Based Storage Market. This report provides an analysis of the market impact of the latest market disruptions such as the Russian-Ukraine War and Covid-19. The report provides a qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. The report includes in-depth segmentation and market size data by category, product type, application, and region. The report also includes a comprehensive analysis of recent events such as key issues, trends and drivers, restraints and challenges, competitive landscape, and M&A activity in the market.
Object-based storage is a data storage architecture that manages data as objects. Objects are composed of data and metadata, and are typically stored in a flat structure. Each object is given a unique identifier and can be accessed via a web-based interface.
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Key Trends
There are a few key trends in object-based storage technology:
1. Increased use of object storage for unstructured data: This is due to the fact that object storage is well-suited for storing large amounts of unstructured data, such as images, videos, and log files.
2. Increased use of object storage for cloud-based applications: This is because object storage can provide high levels of scalability and availability, which are essential for cloud-based applications.
3. Use of object storage for compliance purposes: This is because object storage can provide immutable storage, which is essential for compliance purposes.
4. Use of object storage for disaster recovery: This is because object storage can provide high levels of durability, which is essential for disaster recovery.
Key Drivers
There are four key drivers of object-based storage market:
1. Increasing demand for unstructured data: Unstructured data is growing at a faster rate than structured data, and this trend is expected to continue. As a result, organizations are increasingly turning to object-based storage to store and manage this data.
2. Improved scalability and flexibility: Object-based storage is more scalable and flexible than traditional storage systems. This allows organizations to easily expand their storage capacity as their data grows.
3. Reduced costs: Object-based storage is typically more cost-effective than traditional storage systems. This is due to the fact that it is more efficient in terms of space and bandwidth utilization.
4. Improved security: Object-based storage offers improved security features, such as data encryption and access control. This makes it an attractive option for storing sensitive data.
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Market Segmentation
The Object-Based Storage Market is segmented by type, application, and region. By type, the market is divided into web-based and cloud-based. By application, the market is classified into manipulate data, memory, and mobile apps. By region, the market is classified into North America, Europe, Asia-Pacific, and rest of the world.
Key Players
The key players in the Object-Based Storage Market are Cisco, ETegro, Dell EMC, SwiftStack, Hyve, Basho, Supermicro, Seagate, Scality, and IBM.
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