Market Overview:
The global object storage market is expected to grow from USD 2.14 billion in 2018 to USD 10.51 billion by 2030, at a CAGR of 23.5% during the forecast period. The growth of the object storage market can be attributed to the increasing demand for big data and cloud-based applications, growing need for data security and compliance, and rising trend of Bring Your Own Device (BYOD). However, lack of awareness about object storage solutions among end users may restrain the growth of this market during the forecast period. Based on type, the global object storage market is segmented into object-based storage devices, metadata servers, and others.
Product Definition:
Object storage is an architecture and methodology for storing and managing digital data in which individual items are assigned unique identifiers and stored in a single repository. Object storage solutions can scale to manage large volumes of unstructured data, making it an ideal choice for storing content such as images, videos, or documents.
Object-based Storage Device:
The object-based storage device (OBSD) is a technology that enables the management and allocation of digital objects, such as audio, video, documents and files. OBSDs are capable of storing large amounts of data in the form of digital objects which can be accessed by multiple users simultaneously. The primary function performed by OBSDs is to provide efficient storage management for digital objects.
Metadata Server:
Metadata server is a software that stores and manages information about the files stored in an object storage system. The metadata server monitors the objects as they are created, updated, moved or deleted from the system and notifies administrators when there is any change in the object. The notification can be through email or SMS text. It also helps to create reports based on different parameters such as creation date, last access date etc.
Application Insights:
The manipulate data application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. This can be attributed to growing demand from various industries, such as financial services, manufacturing, media & entertainment and healthcare. The memory application segment is also expected to witness significant growth over the next six years due to increasing demand for cloud storage from individuals and enterprises.
The graphics files application segment was one of the prominent segments in 2017 owing to growing need among designers and architects for storing their designs across different platforms. Growing number of design projects across several industries are driving this need further. Increasing usage of 3D modeling software has ledto increased requirementfor object storage solutions that work well with large files (e-graphics) or series of small files (a-graphics). These a-graphicsexist typically in *.dae (*Design Abstraction Entities), *.mba (* MAYA), *.max (*3D Modeling Language),*.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing investments in cloud-based services and technological advancements. For instance, Amazon Web Services (AWS) has introduced several features for object storage such as snapshots, clones, and durability that makes it suitable for high-volume applications. Moreover, Google has also integrated its cloud platform with object storage service providers such as Big Cloud Storage (BHS), which provides cost-effective solutions for large data sets by distributing them across multiple servers around the world.
Asia Pacific is anticipated to emerge as a lucrative regional market during the forecast period owing to growing IT infrastructure spending by companies along with rising adoption of mobile computing devices and social media platforms within this region.
Growth Factors:
- Increasing demand for data storage: The global object storage market is expected to grow at a CAGR of over 26% from 2016 to 2024, owing to the increasing demand for data storage across various industries. With the advent of big data and IoT, the need for efficient and scalable data storage solutions has increased significantly, which is fueling the growth of the object storage market.
- Emergence of cloud-based services: The growing popularity of cloud-based services is another major factor driving the growth of the global object storage market. Cloud-based services offer several benefits such as scalability, flexibility, and cost efficiency, which are prompting more organizations to adopt them. This is further contributing to the growth oftheobjectstoragemarket.
- Proliferationof digital content: The proliferationof digital content such as videos, images, and music has resulted in an exponential increase in data volumes over recent years. This is necessitatingtheneedfor betterdata managementandstorage solutionsandis thus boostingthegrowthoftheobjectstoragemarket .
Scope Of The Report
Report Attributes
Report Details
Report Title
Object Storage Market Research Report
By Type
Object-based Storage Device, Metadata Server, Others
By Application
Manipulate Data, Memory, Mobile Apps, Graphics Files, Sensor Data, Using Network to Work
By Companies
Basho, CloudFounders, ETegro, Hyve, Newisys, Nexenta, Supermicro, SwiftStack, Seagate
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
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Object Storage Market Report Segments:
The global Object Storage market is segmented on the basis of:
Types
Object-based Storage Device, Metadata Server, Others
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
Manipulate Data, Memory, Mobile Apps, Graphics Files, Sensor Data, Using Network to Work
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:
- Basho
- CloudFounders
- ETegro
- Hyve
- Newisys
- Nexenta
- Supermicro
- SwiftStack
- Seagate
Highlights of The Object Storage 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:
- Object-based Storage Device
- Metadata Server
- Others
- By Application:
- Manipulate Data
- Memory
- Mobile Apps
- Graphics Files
- Sensor Data
- Using Network to Work
- 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 Object Storage 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.
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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
Frequently Asked Questions?
Object storage is a technology that enables users to store large amounts of data in a way that is accessible over the internet. Objects are stored as files, which can be accessed using standard web browsers. Objects can be stored on any server with an internet connection, making it ideal for use in cloud-based applications.
Some of the major companies in the object storage market are Basho, CloudFounders, ETegro, Hyve, Newisys, Nexenta, Supermicro, SwiftStack, Seagate.
The object storage market is expected to grow at a compound annual growth rate of 23.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Object Storage Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Object Storage Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Object Storage Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Object Storage Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Object Storage Market Size & Forecast, 2018-2028
4.5.1 Object Storage Market Size and Y-o-Y Growth
4.5.2 Object Storage Market Absolute $ Opportunity
Chapter 5 Global Object Storage Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Object Storage Market Size Forecast by Type
5.2.1 Object-based Storage Device
5.2.2 Metadata Server
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Object Storage Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Object Storage Market Size Forecast by Applications
6.2.1 Manipulate Data
6.2.2 Memory
6.2.3 Mobile Apps
6.2.4 Graphics Files
6.2.5 Sensor Data
6.2.6 Using Network to Work
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Object Storage Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Object Storage Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Object Storage Analysis and Forecast
9.1 Introduction
9.2 North America Object Storage Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Object Storage Market Size Forecast by Type
9.6.1 Object-based Storage Device
9.6.2 Metadata Server
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Object Storage Market Size Forecast by Applications
9.10.1 Manipulate Data
9.10.2 Memory
9.10.3 Mobile Apps
9.10.4 Graphics Files
9.10.5 Sensor Data
9.10.6 Using Network to Work
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Object Storage Analysis and Forecast
10.1 Introduction
10.2 Europe Object Storage Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Object Storage Market Size Forecast by Type
10.6.1 Object-based Storage Device
10.6.2 Metadata Server
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Object Storage Market Size Forecast by Applications
10.10.1 Manipulate Data
10.10.2 Memory
10.10.3 Mobile Apps
10.10.4 Graphics Files
10.10.5 Sensor Data
10.10.6 Using Network to Work
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Object Storage Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Object Storage Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Object Storage Market Size Forecast by Type
11.6.1 Object-based Storage Device
11.6.2 Metadata Server
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Object Storage Market Size Forecast by Applications
11.10.1 Manipulate Data
11.10.2 Memory
11.10.3 Mobile Apps
11.10.4 Graphics Files
11.10.5 Sensor Data
11.10.6 Using Network to Work
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Object Storage Analysis and Forecast
12.1 Introduction
12.2 Latin America Object Storage Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Object Storage Market Size Forecast by Type
12.6.1 Object-based Storage Device
12.6.2 Metadata Server
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Object Storage Market Size Forecast by Applications
12.10.1 Manipulate Data
12.10.2 Memory
12.10.3 Mobile Apps
12.10.4 Graphics Files
12.10.5 Sensor Data
12.10.6 Using Network to Work
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Object Storage Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Object Storage Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Object Storage Market Size Forecast by Type
13.6.1 Object-based Storage Device
13.6.2 Metadata Server
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Object Storage Market Size Forecast by Applications
13.10.1 Manipulate Data
13.10.2 Memory
13.10.3 Mobile Apps
13.10.4 Graphics Files
13.10.5 Sensor Data
13.10.6 Using Network to Work
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Object Storage Market: Competitive Dashboard
14.2 Global Object Storage Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Basho
14.3.2 CloudFounders
14.3.3 ETegro
14.3.4 Hyve
14.3.5 Newisys
14.3.6 Nexenta
14.3.7 Supermicro
14.3.8 SwiftStack
14.3.9 Seagate
