Global Erasure Coding (EC) Market by Type (On-premise, Cloud-based), By Application (Small and Medium Enterprises, Large Enterprises) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global erasure coding (EC) market is expected to grow from USD 1.02 billion in 2018 to USD 2.48 billion by 2030, at a CAGR of 12.8% during the forecast period. The growth of the EC market is attributed to the increasing demand for data storage and security across organizations and rising need for disaster recovery and business continuity solutions. However, lack of awareness about EC solutions among end users may restrain the growth of this market during the forecast period. Based on type, the on-premise segment is expected to hold a larger share of the global EC market in 2018. On-premise EC solutions are deployed on customer premises and offer more control over data security than cloud-based EC solutions.



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Product Definition:

In computer science, erasure coding (EC) is a technique used for data redundancy and error correction. It is a form of channel coding that achieves the benefits of both parity checking and encoding.

On-premise:

On-premise is a term used for referring to the practice of storing data on equipment located in the user's premises. The most common form of on-premise storage is an external hard drive or USB flash drive. However, many large enterprises have implemented various cloud technologies such as SaaS and IaaS for their business applications. Other forms of on-premises include networked drives, cloud storage, and local area networks (LAN).

Cloud-based:

Cloud-based is a term used to define data storage in the cloud. It is also known as on-demand environment which provides resources, such as computing and storage power, to organizations at a reasonable price. The main characteristic of this type of service is that it offers shared space for storing information from multiple users and applications in an efficient manner.

Application Insights:

The large enterprises segment dominated the global erasure coding market in terms of revenue in 2017. This is attributed to factors such as extensive IT infrastructure, high data loss and regulatory pressure on organizations to adopt EC solutions for data protection. The SMEs' segment is expected to witness lucrative growth over the forecast period owing to increasing adoption of cloud-based EC services by small businesses and MNCs across various industries such as BFSI, IT & telecom, government and public sector, media & entertainment, retail and others.

EC solutions are being adopted by SMEs for a number of reasons including ease of implementation along with an overall reduction in costs associated with data loss or corruption issues faced by these organizations due to improper disposal or exposure of sensitive information online. Furthermore, growing awareness about the need for effective security measures among smaller organizations has resulted in increased adoption across all industry verticals globally which will further propel market growth over the forecast period.

Regional Analysis:

The market in Asia Pacific is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing government initiatives and favorable regulations for data security across various countries in this region. For instance, China has implemented strict regulations against information leakage, which has led to an increase in the adoption of EC solutions by enterprises operating within the country. Moreover, India's IT Infrastructure Project (ITIP) aims at strengthening infrastructure within its own country by investing around USD X billion over a period of five years from 2016 to 2018.

In Europe, organizations are focusing on compliance with numerous privacy laws such as General Data Protection Regulation (GDPR), Electronic Communications Directive (ECD), Data Protection Directive etc., which is further driving demand for EC solutions among enterprises operating within this region.

Growth Factors:

Increasing demand for data storage and retrieval from big data and cloud-based applications is expected to drive the growth of the erasure coding market.
The growing trend of Bring Your Own Device (BYOD) is also anticipated to fuel the demand for erasure coding solutions, as these solutions can protect corporate data on employee-owned devices.
The increasing popularity of software-defined storage (SDS) is also projected to boost the adoption of erasure coding solutions in enterprises worldwide.
Growing concerns over data security and privacy are expected to propel the demand for erasure coding technology in coming years.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Erasure Coding (EC) Market Research Report
By Type
On-premise, Cloud-based
By Application
Small and Medium Enterprises, Large Enterprises
By Companies
Oracle, Teradata, Hewlett Packard, Pure Storage, Pivot3, Nutanix, NetApp, Nephos Technologies, Huawei, Lenovo, Hitachi, Fujitsu, Alphabet
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.

Global Erasure Coding (EC) Market Report Segments:
The global Erasure Coding (EC) market is segmented on the basis of:
Types
On-premise, Cloud-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small and Medium Enterprises, Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Oracle
Teradata
Hewlett Packard
Pure Storage
Pivot3
Nutanix
NetApp
Nephos Technologies
Huawei
Lenovo
Hitachi
Fujitsu
Alphabet



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Highlights of The Erasure Coding (EC) Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
On-premise
Cloud-based
By Application:
Small and Medium Enterprises
Large Enterprises
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Erasure Coding (EC) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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