Erasure Coding Market Drivers and Key Players Strategies Analyzed

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Japan, Japan, Thu, 22 Jul 2021 05:52:14 / Comserve Inc. / -- Erasure Coding Market :Global Size, Share, Trends, Forecast, Growth, Key Players, Market Segments & Regional Analysis (Latin America, North America, Asia Pacific, Europe, Middle East)

"The report on Erasure Coding Market was recently published by SDKI, which includes the latest market trends, current and future opportunities along with the factors that are driving the growth of the market. This report further encompasses the records for the expansion of the market along with information on the investment opportunities that help the clients to take positive decisions on the parameters for gaining profitable revenues. Moreover, the report also contains identification and investigation of the market structure, in-depth qualitative analysis, restraints & challenges, growth drivers, emerging product trends & market opportunities and Porter's five forces.

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Erasure Coding Market: Overview

  • The global erasure coding market is expected to register a CAGR of 6.5% between 2019 and 2027. The market is projected to be driven by exponential growth of data through erasure coding.
  • The rising adoption of erasure coding for data resiliency is also expected to boost the erasure coding market in the near future
  • The global erasure coding market is expected to reach ~US$ 11.9 Mn by 2027 from US$ ~2.7 Mn in 2019
  • North America holds major share of the erasure coding market in terms of revenue and is anticipated to dominate the erasure coding market during the forecast period, followed by Europe
  • North America remains the leading region in the erasure coding market, with revenues in 2019 estimated at US$ 2,607.18 Thousand
  • The erasure coding market in Middle East & Africa and South America are also expected to show moderate growth during the forecast period.
  • Asia Pacific is projected to expand significantly in terms of share in the global erasure coding market during the forecast period. This is due to adoption of erasure coding by IT enterprises and small, medium, and large scale enterprises, which has propelled the demand for erasure coding in the APAC region.
  • Erasure coding is a technique that breaks data into fragments or shards, which are further encoded with parity or redundant data, and stored across multiple storage media and locations. Erasure coding is a parity technique or mechanism used to protect data in cloud-based services, so as enhance the storage drives. Erasure coding is used to protect the data in different nodes, along with the single storage system.
  • The main objective of erasure coding is to provide better data resilience, and data durability or persistence, implying that it can remain for longer periods of time regardless of the media it is being stored on

North America Erasure Coding Market: Snapshot

  • North America is a developed region and hence, innovation and new technologies are expected to be trends witnessed in the North America region in the next few years. North America held a prominent share of the global erasure coding market in 2018. For the same reason, North America is expected to witness the highest opportunity addition in the erasure coding market globally, with Europe and Asia Pacific being the next closest regions.

Key Growth Driver of Erasure Coding Market

  • Balancing Data Resiliency with Erasure Coding: Data resiliency is the accessibility of the data that is required in a production environment and is carried out through the usage of redundant components, subsystems, systems, or facilities, which is possible through the usage of erasure coding. Erasure coding is evolving, owing to its algorithm structure which does not use any particular hardware controller to provide better data resiliency in data centers and small, medium, and large enterprises. Additionally, demands of the new data economy across data centers as well as small, medium, and large enterprises to ensure data resiliency, protection, security, and backup and recovery solutions, is expected to boost the erasure coding market across the globe over the forecast period.

Key Challenges Faced by Erasure Coding Market Players

  • Failure of storage nodes is a major restraint to the erasure coding market

Erasure Coding Market: Competition Landscape

  • In February 2020, Oracle Corporation announced a new database innovation, in order to protect and enhance the flexibility to access the databases
  • In February 2020, Quantum Corporation announced the acquisition of Western Digital to enhance its unstructured data storage process

Erasure Coding Market - Company Profiles

  • Dell EMC (Dell Technologies Inc.): Established in 1979, Dell EMC, was formerly known as EMC Corporation. In 2016, Dell Technologies acquired EMC Corporation. Now Dell EMC is a member of the Dell Technologies family of business. Dell EMC provides essential infrastructure, which includes converged infrastructure, servers, storage, and cyber-security technologies. The company's portfolio includes enterprise storage systems and software deployed in networked attached storage (NAS), storage area networks (SAN), object storage and unified storage combining NAS, and direct attached storage environments. Dell EMC supports organizations to build their digital future, transform IT, and protect their important assets and information with these offerings. The company is one of the world's largest providers of data storage systems.
  • Cisco Systems, Inc.: Incorporated in 1984, Cisco Systems, Inc. manufactures, designs, and sells Internet Protocol (IP) and other products related to the information technology (IT) end user and communications. In addition, Cisco Systems, Inc. is a global networking company that designs, manufactures, markets, and sells networking equipment and provides various services such as converged infrastructure management. Cisco Systems, Inc. offers a wide range of products and services, which include blade switches, cloud & systems management, data center management & automation, data center switches, routers, service exchange, storage networking, borderless network services, and networking software.
  • IBM Corporation: Incorporated in 1911, IBM was previously well known as Computing-Tabulating-Recording Co. In 1924, it changed its name to International Business Machines Corporation i.e. IBM Corporation. IBM Corporation operates as an integrated services and technology company worldwide. It operates in five business segments: global business services, cognitive solutions, systems, technology services & cloud platforms, and global financing. The company is engaged in offering software and solutions related to erasure coding.
  • Other major players operating in the global erasure coding market and profiled in the report include
    • Hewlett Packard Enterprise Company
    • Teradata Corporation
    • Pure Storage, Inc.
    • Pivot3
    • Oracle Corporation
    • Nutanix, Inc.
    • NetApp, Inc
    • Nephos Technologies
    • Lenovo
    • Huawei Technologies Co., Ltd.
    • Hitachi Ltd.
    • Fujitsu Limited,
    • Alphabet Inc.

Erasure Coding Market - Scope of the Report

A latest study analyzes the historical and present-day scenario of the global erasure coding market, to accurately gauge its potential future development. The study presents detailed information about the important growth factors, restraints, and key trends that are creating the landscape for the future growth of the erasure coding market, to identify the opportunistic avenues of the business potential for stakeholders. The report also provides insightful information about how the erasure coding market will progress during the forecast period 2019-2027.

The report offers intricate dynamics about the different aspects of the erasure coding market, which aids companies operating in the market in making strategic development decisions. The study also elaborates on the significant changes that are highly anticipated to configure the growth of the erasure coding market, during the forecast period. It also includes comparative analysis of erasure coding vs. RAID and analysis of erasure coding on the basis of encoding type/ scheme/ method. The global erasure coding market helps to estimate statistics related to the market progress in terms of value (US$ Thousand).

The study covers a detailed segmentation of the erasure coding market, along with key information and a competitive outlook. The report mentions the company profiles of key players currently dominating the erasure coding market, wherein various developments, expansion, and winning strategies practiced and executed by leading players have been presented in detail.

Key Questions Answered in the Report on Erasure Coding Market

The report provides detailed information about the erasure coding market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. Information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the erasure coding industry, so as to help them formulate successful strategies and take target-driven decisions.

  • How are key market players successfully earning revenue out of the erasure coding?
  • What will be the Y-o-Y growth of the erasure coding market between 2019 and 2027?
  • What are the winning imperatives of market frontrunners in the erasure coding market?
  • What are the major drivers and restraints of the market?
  • What will be the size of the erasure coding market from 2019 to 2027?
  • Which will be the fastest growing segment in the erasure coding market?
  • Which are the leading companies in the erasure coding market?
  • What are the strategies of the companies operating in the market?

Research Methodology - Erasure Coding Market

The research methodology adopted by analysts to compile the erasure coding market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the erasure coding market.

During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through the interviews of genuine resources, analysts have emphasized the changing scenario of the erasure coding market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, and data of major countries of the world, industry association publications, and company websites to obtain the necessary understanding of the erasure coding market.

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Table of Content
1. Preface

1.1. Market Scope

1.2. Market Segmentation

1.3. Key Research Objectives

2. Assumptions and Research Methodology

2.1. Market Taxonomy - Segment Definitions

2.2. Research Methodology

2.2.1. List of Primary and Secondary Sources

2.3. Key Assumptions for Data Modelling

3. Executive Summary: Global Erasure Coding Market

4. Market Overview

4.1. Introduction

4.2. Global Market - Macroeconomic Factors Overview

4.2.1. World GDP Indicator - For Top Economies

4.2.2. Global ICT Spending (US$ Thousand), 2013, 2019, 2023 and 2027

4.3. Market Factor Analysis

4.3.1. Porter's Five Forces Analysis

4.3.2. Ecosystem Analysis

4.3.3. PESTEL Analysis

4.3.4. Market Dynamics (Growth Influencers) Drivers Restraints Opportunities Impact Analysis of Drivers and Restraints

4.4. Global Erasure Coding Market Analysis and Forecast, 2015- 2027

4.4.1. Market Revenue Analysis (US$ Thousand) Global Erasure Coding Market Historic Growth Trends (US$ Thousand), 2015 - 2017 Forecast Trends, 2019-2027

4.5. Market Opportunity Assessment - by Region (North America/ Europe/ Asia Pacific/ Middle East & Africa/ South America)

4.5.1. By Region/ Country

4.5.2. By Enterprise Size

4.5.3. By End-user

4.6. Competitive Scenario and Trends

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