Growth in Adoption of Cloud-Based Storage Expected to Drive Global External Controller-Based Disk Storage Market: Ken Research

External controller-based or ECB disk storage devices are specific storage solutions that allow single and dual controller feature to the storage device. These ECBs are unified storage solutions designed especially for enterprise storage. In ECB data storage, disk technology is usually housed in high-availability enclosures, outside a host-based server. Other major type of data storage is host based storage, also recognized as direct-attached storage (DAS), which is further segmented into internal and external storage. Storage is one of the most significant aspects of the data center. It is generally used for storing the data for end-users that comprises of storage area network (SAN), network-attached storage (NAS), and others.

As per analysis, “Global External Controller-based Disk Storage Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global external controller-based disk storage market include Hitachi Data Systems, EMC, Dell, HP, IBM, Oracle, Fujitsu, NetApp, Huawei and among others. The renowned companies are focusing on tactical & strategic product portfolio management. These companies are revising their long-term strategies for emerging stronger in the post-COVID virus scenario. After facing series of challenges for instance demand fluctuations and supply chain disruption, companies are revising their strategies by modifying the composition of product portfolios, Research & Development (R&D) strategies, investing in capital expenditures, mergers & acquisitions and other growth strategies.

Based on type, external controller-based disk storage market is segmented as floppy disc and hard disc. In addition, based on application, market is segmented as procedure & data, storage operating system and others.

The external controller-based disk storage market is mainly driven by increase in adoption of cloud-based storage. Storing data in the cloud is a useful medium for enterprises globally. Commercial data requires huge amounts of storage and varies between small & medium enterprises and large enterprises. With growing amount of data generated through Internet-of-Things (IoT), its on-premise storage has proven to be very cost intensive. Therefore, several enterprises have moved their data to the cloud storage (storage-as-a-service) facilities provided by service providers. However, high implementation costs are major hindering factor for market. Moreover, an evolution of FC-based storage networking is a key trend for market. The global FC adapters industry will see the evolution of low-latency, high-speed and high-performance storage facilities being established that can store & retrieve the data at high speeds. These high-speed FC adapter networks begin with a number of servers in the first phase of adoption. Thus, some other peripherals connected to the server are upgraded for supporting very high-speed communication.

To emerge strongly from the Corona-Virus crisis, external controller-based disk storage players are expected to develop an effective crisis-management strategies including modestly reducing External Controller-based disk storage R&D budgets, emphasis on next-generation products & solutions, constant monitoring on external controller-based disk storage market trends, carefully launching marketing strategies, systematic approaches to investment/divestment, strengthening long term contracts and others.

It is projected that future of the global external controller-based disk storage market will be bright as a result of growth in adoption of cloud-based storage during the forecast period.

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Global External Controller-based Disk Storage Market

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