GCC and Levant Data Storage Market - PowerPoint PPT Presentation

About This Presentation

GCC and Levant Data Storage Market


Data storage is the process of recording information in a storage medium such as compact disc, cloud, memory card, HDD, SDD, and more. – PowerPoint PPT presentation

Number of Views:34
Slides: 19
Provided by: swanandjo


Transcript and Presenter's Notes

Title: GCC and Levant Data Storage Market

  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

  • GCC and Levant Data Storage Market, By
    Applications (Consumer Data Storage Devices (Hard
    Disk Drive (HDD), Solid State Devices (SSD),
    Memory Cards, Optical Disk, USB Flash Drives),
    Enterprise Data Storage Devices (Flash Storage
    and Hard Disks, Cloud-based Storage,
    Software-defined Storage and Hyper-converged
    Infrastructure)), By End Users (Residential and
    Commercial (SME Enterprise, Large Enterprise)),
    By Industry Verticals (BFSI, Healthcare,
    Government, Telecom and IT, Defense and Aerospace
    and Education) and By Regions (GCC (UAE, Kuwait,
    Saudi Arabia, Oman, Qatar and Bahrain) and Levant
    (Turkey, Israel, Egypt, Lebanon, Jordan, Cyprus
    and Rest of Levant) - Size, Share, Outlook, and
    Opportunity Analysis, 2019 - 2027

Market Overview Data storage refers to recording
information in a storage medium. There are
different types of storage media are available
including magnetic tape, optical discs,
phonographic recording, DNA RNA, handwriting,
etc. Electronic data storage requires electric
power to store and retrieve data. Technological
advancements in information and social technology
have led to growth in data storage. Small and
medium-sized enterprises (SMEs) are increasingly
leveraging big data and the internet of things
(IoT)-enabled services to expand their presence
in storage market. The GCC and Levant data
storage market was valued US 2,937.5 Mn in 2019
and expected to reach US 8,556.4 Mn by 2027.
  • Market Dynamics- Drivers
  • Technological advancements in information and
    social technology are expected to drive growth of
    the GCC and Levant Data storage data market
    during the forecast period
  • Many business enterprises are focused on data
    centers and services instead of duplication and
    social technology, in order to manage big data.
    However, growing amounts of data across
    enterprises have made these technologies
    inadequate in meeting desired requirements. Thus,
    business enterprises are rapidly shifting towards
    scale-out architecture such as storage
    virtualization and hyper-converged infrastructure
    from conventional architecture. As a result of
    this, enterprises can avail more improved and
    scalable platform, which is also cost-effective.
    Moreover, increasing demand for smartphones and
    IoT devices combined with high growth of social
    media channels has increased the demand for
    additional storage. Thus, these factors are
    expected to drive growth of the market during the
    forecast period.

  • High growth of cloud computing is expected to
    propel the GCC and Levant data storage market
    growth over the forecast period
  • Cloud computing has received significant traction
    in the recent past since it is cost-effective and
    hassle-free for storage facilities. In 2013,
    NetApp, Inc. reported that its revenue from cloud
    providers doubled. Moreover, NetApp announced
    that GCC and Levantly, over 200 cloud services
    were based on its technology. EMC Corporation is
    also targeting the cloud storage market
    aggressively. Therefore, these factors are
    expected to propel the GCC and Levant data
    storage market growth in the near future.
  • GCC Countries dominated the GCC and Levant data
    storage market in 2019, accounting for 77.1
    share in terms of value, followed by Levant

  • Market Dynamics- Restraints
  • Limited options of remote storage management
    services are expected to hinder the GCC and
    Levant data storage market growth over the
    forecast period
  • Increasing competition in the IT industry has put
    immense pressure on businesses to increase
    returns at lower costs. Many organizations are
    focused on implementing cost-cutting measures
    such as decreasing the number of employees and
    outsourcing storage provisioning and monitoring.
    As a result of this, demand for remotely managed
    services has increased significantly with limited
    options available in the market. Thus, these
    factors are expected to hinder the market growth
    in the near future.
  • Slow responses offered by vendors to increasing
    demand is expected to hamper the GCC and Levant
    data storage market growth during the forecast
  • Enterprises require vendors to respond quickly to
    their data storage requirements, in order to meet
    increasing demand for changing businesses and
    technological advancements. However, some of
    these enterprises are witnessing sluggish
    responses from vendors to increasing demand,
    which in turn, is expected to restrict growth of
    the GCC and Levant storage market growth during
    the forecast period.

  • Market Opportunities
  • Introduction of IoT and connected devices can
    present major business opportunities
  • According to Coherent Market Insights analysis,
    there are around 10 billion connected devices
    across the globe, which includes smartphones and
    laptops. According to the same source, this
    number is expected to triple in the next five
    years. Thus, the need for storage solutions that
    would load, reload, and identify relevant data in
    real-time is increasing. Moreover, the consumer
    storage devices such as HDD, SDD, and memory
    cards are expected to witness significant demand
    during the forecast period. As a result of this,
    enterprise data storage vendors would encounter
    robust demand for virtual storage cloud platforms
    from businesses that need to process terabytes of
    customer data. Thus, the advent of Internet of
    Things (IoT) is expected to present a huge
    opportunity for data storage vendors in the near
  • Massive shift towards converged infrastructure
    solutions from traditional can provide lucrative
    growth opportunities
  • The converged infrastructure market has become
    the go-to-market for a majority of IT
    infrastructure developers/service providers. A
    massive shift from conventional to converged
    infrastructure solutions offer major growth
    opportunities for enterprise data storage
    vendors. Moreover, converged infrastructure
    solutions minimize compatibility issues and
    streamline the process of managing servers,
    networking devices, and storage systems at
    minimal costs.

(No Transcript)
  • Market Trends
  • Growing demand for changes in OPEX and CAPEX
  • Over the past 10 years, the total cost of storage
    has increased by about 7 per year. This surge in
    prices has been mainly attributed to operational
    costs (OPEX), while the cost of hardware (CAPEX)
    has been relatively flat. According to the
    ongoing trend, CAPEX is expected to rise further
    and account for a greater share of the total cost
    of ownership, because of the increasing
    functionalities in hardware and rise in demand
    for storage capacity
  • Rising demand for secure hybrid storage in
    defense and aerospace
  • Aerospace and defense system designers seek
    storage solutions with reliability, encryption or
    other security features, compact size, high
    storage capacity and ability to withstand extreme
    temperature. Hence, hyper-convergence and
    software-defined networking form the ongoing
    trend in the aerospace and defense industry

  • Increasing use of data storage in the BFSI sector
  • The banking and finance sectors are focusing more
    on data storage than marketing these days. BFSI
    firms are investing some of their marketing funds
    into new storage infrastructures, such as
    software-defined storage and hyper-converged
  • Segment information
  • In GCC and Levant data storage market, by
    application segment, the Enterprise Data Storage,
    sub-segment dominated the GCC and Levant market
    in 2019, accounting for 83.6 share in terms of
    value, followed by Consumer Data Storage.

(No Transcript)
Regulations UAE regulations On February 23,
2013, a new competition law (Federal Law No. 4 of
2012), The Competition Law was implemented in
the UAE. The law pursues to regulate market
behavior, particularly in relation to misuse of
merger control, dominant position and regulation
of restrictive agreements. In January 2015, the
UAE Cabinet issued implementing regulations
relating to the Competition Law (Cabinet Decision
No. 37 of 2014 (the Regulations), which came into
force on October 27, 2014.  The Merger
Law Applications for exemptions and merger
approvals along with certain specified documents
should be submitted to the competition department
of the UAE Ministry of Economy (the Department).
The UAE Minister of Economy needs to reach a
conclusion within 90 days of notifying the
respective parties of the receipt of the
application. This period can be extended by a
further 45 days.
Value Chain Analysis
  • Competitive Section
  • Key players operating in the GCC and Levant data
    storage market are Nexenta Systems, IBM
    Corporation, EMC Corporation (Dell Inc.),
    Microsoft Corporation, Hitachi Data Systems
    (Hitachi Ltd), VMware, Inc., Sandisk Corporation,
    Hewlett Packard Enterprise Co., Open Text Corp.,
    DataDirect Networks (DDN), and NetApp Inc.
  • Key Developments
  • Major companies in the market are focused on
    mergers and acquisitions, in order to enhance the
    market presence. For instance, in May 2019,
    DataDirect Networks (DDN), a U.S.-based cloud
    management company, acquired Nexenta Systems, a
    software-defined storage (SDS) provider.
  • Key players in the market are involved in product
    launches, in order to expand the product
    portfolio. For instance, in October 2019, IBM
    Corporation introduced storage software for a new
    appliance targeting artificial intelligence and
    data analytics workloads.

  • Request Sample Report
  • Request Customization
  • Download PDF brochure
  • Talk To Analyst
  • Buy Now
  • Reference https//www.coherentmarketinsights.com/

About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
  • What we provide
  • Customized Market Research Services
  • Industry Analysis Services
  • Business Consulting Services
  • Market Intelligence Services
  • Long term Engagement Model
  • Country Specific Analysis

Contact Us
  • Mr. Shah
  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

  • Thank You!
  • Kindly follow CMI Social Media
    Profiles for the latest company updates
  • Facebook
  • Linkedin
  • Twitter
  • https//www.coherentmarketinsights.com/
Write a Comment
User Comments (0)
About PowerShow.com