Hybrid cloud services to revolutionize enterprise storage market, security companies to profit from rising data threats
Category: #world  By Pankaj Singh  Date: 2017-04-03
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Hybrid cloud services to revolutionize enterprise storage market, security companies to profit from rising data threats

The global cloud space is rapidly expanding its horizons, owing to which cloud-based enterprise storage market is on a definite upswing. Cloud services have literally reached the pinnacle, with every business and enterprise demanding a share of the cloud. Cloud computing technology finds applications in development, testing, and debugging, big data analytics, backup, file storage, data retrieval, and disaster recovery. Industry giants are continuously innovating novel cloud services to be used across myriad business sectors. For instance, NTT Communications recently launched new cloud services to enhance cloud infrastructure. The company?s SD-Exchange service fosters connectivity between NTT?s cloud space with other cloud services, which facilitates easy data exchange and data recovery between clouds.

The cloud offers the benefits of extensive information storage and management, which is why it is one of the major deployment modes of enterprise storage systems, owing to which global enterprise storage market is slated to observe a remarkable double-digit growth of 15.87% over 2016-2020. This industry is likely to earn significant revenue from the sales of storage systems such as network attached storage (NAS), direct attached storage (DAS), and storage area network (SAN).

With the profound benefits, such as availability, reliability, and scalability to boast of, enterprise storage market systems will continue to witness heavy adoption across various businesses for storing and monitoring business data. Cloud services considerably ease the process of information collection, access, and retrieval at reasonably low costs and reduced complexity, making cloud-based enterprise storage a rather convenient, hassle-free option for huge organizations. Innovative technological advancements pertaining to data collection and storage is bound to bring about significant and periodic changes in global enterprise storage industry dynamics.

Cloud services have penetrated every business sphere, right from mobile computing to enterprise management systems. High demand across major professional domains for cloud-based storage will drive global enterprise storage market over 2016-2020. Cloud technology exhibits the advantages of low cost, simplified storage management, and convenient infrastructure. Technology giants such as Google and Microsoft will offer a wider range of cloud services in contrary to other small-sized counterparts, courtesy ? the technological advancements and the secure financial reinforcement they are associated with.

To combat the disadvantages offered by on premise based enterprise storage market systems, companies must focus on offering a hybrid business model encompassing the benefits of both the deployment modes. Local cloud service providers must be able to integrate the advanced services offered by the industry giants and basic services essential for organizations (hybrid cloud model), to combinedly offer a wholesome, enhanced, and superior service experience to clients.

A digital vault with such a humongous collection of information is likely to face delicate security issues. Cloud-based enterprise storage market systems must be embedded with security and encryption features to avoid breach of confidential data and reduce the risk of information compromise. Companies such as IBM are offering a diverse range of information security solutions to protect data against thefts, frauds, and accidental loss. Similar effective solutions devised by technology giants will help combat this restraint of enterprise storage market.

Cloud services will reign across various businesses through the next few decades. While experimentation with the cloud is a major game plan by industry participants, basic cloud services will continue to enhance the business space of major organizations.



About Author

Pankaj Singh

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Pankaj Singh

Pankaj Singh Develops content for Market Size Forecasters, Algosonline, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

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