Rising
smart devices penetration, expanding internet user base coupled with growing
government initiatives towards digitization are expected to propel growth in
data storage market through 2021
According to TechSci Research
report, “India Data Storage Market By Type, By Application, By End Use, Competition
Forecast and Opportunities, 2011 - 2021”, data storage market in India is
projected to register a CAGR of more than 7% during 2016-2021, on account of continuing
volumes surge of structured and unstructured data, increasing demand for high performance external drives and declining cost
of data storage devices in the country. Rising investments by major IT players
for strengthening their data center infrastructure is also expected to have a huge
positive impact on the country’s data storage market in the coming years. In addition, government initiatives towards technological innovations such
as introduction of ‘Digital India’ initiative are creating new opportunities for data
storage companies across the country.
Browse 20 market data Tables and 40 Figures
spread through 145 Pages and an in-depth TOC on "India
Data Storage Market"
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can also request for 10% free customization on this report.
“Increasing
data generation from client interaction, growing live streaming of content over
the internet for entertainment, increasing technology advancements in data
storage and growing adoption of flash technology is anticipated to drive India data
storage market during the forecast period. Further, rising internet penetration, growing
smartphones users coupled with declining bandwidth consumption prices are driving
data consumption, and this is projected to drive demand for high capacity
storage devices in the country over the course of next five years.
Anticipated
increase in internet population, growing
use of cloud storage and high speed data access technologies is anticipated to drive
India data storage market through 2021.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“India Data Storage Market By
Type, By Application, By End Use, Competition Forecast and Opportunities, 2011
- 2021” has evaluated the future
growth potential of India data storage market and provides statistics and
information on market structure, size, share, future growth and trends of India
data storage market. The report is intended to provide cutting-edge market intelligence
and help decision makers take sound investment evaluation. Besides, the report
also identifies and analyzes emerging trends along with essential drivers,
challenges and opportunities in India data storage market.
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