NEW YORK, November 17, 2016 /PRNewswire/ -- Storage inBigDataMarket:LeadingMarketPlayers areIntegratingPredictiveAnalyticsWithStorageSystems and areProvidingStorageServersClose toEndUsers toReduceLatencyTime Persistence Market Research delivers key insights on the global storage in big data market in a new report titled, "Global Market Study on Storage in Big Data: North America Projected to Remain the Dominant Market Through 2026". According to the report, the global storage in big data market is estimated to be valued at US$ 9,599.1 Mn by the end of 2016. In terms of value, the global storage in big data market is expected to register a CAGR of 20.4% over the forecast period (2016-2026). This is attributed to various factors, regarding which Persistence Market Research offers vital insights in detail in this study. (Logo: http://photos.prnewswire.com/prnh/20161114/438683LOGO )
Storage in Big Data Market Drivers and Restraints
Digitization of records globally is the primary factor driving the global storage in big data market. Due to recent laws enforced by governments of various countries, companies are shifting towards digital maintenance of records, especially in the healthcare sector. Increasing digital data volumes is leading to companies increasingly adopting various data storage options. Further, increasing adoption of software-based storage options and an increase in the number of connected devices is expected to fuel the growth of the global storage in big data market over the forecast period. One of the major restraints for growth of the global storage in big data market to a certain extent are macroeconomic factors such as reduced budgets for data storage and high total cost of ownership of flash storage. Improper data representation is also posing a threat to the global storage in big data market.