Virtual data storage is a new business replica which includes
different types of concepts such as virtualization, management and
design of distributed applications which allow flexible data access.
Virtual data storage mainly used for data storing, data editing and
managing data with the help of using networks of remote servers and
personal computers. Rising need of data storing for big data analysis
is booming the market of virtual data storage and is expected a
significant growth during the forecast period. Managing and backing
up data in a large business unit is a difficult task. In spite of the
rising in power and storage capability of computers, prices of
maintaining and storing data remains high. In addition, different
types of solution and technologies have developed to defeat this
problem and in the end they developed into virtual data storage
systems.
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The global virtual data storage market is growing rapidly and is
expected a significant growth during the forecast period. Owing to
the rising need for the speedy transaction, improved accessibility
and instant document access is driving the growth of the virtual data
storage market globally. The installation of virtual data storage
systems helps to secure data exchange between two parties. In
addition, rise in demand of virtual storage for its cost efficient
and time savings in nature is expected a significant growth during
the forecast period. The rising number of transactions such as the
online deals and cross-border transactions among others that need
high bandwidth are anticipated to booming the demand for the virtual
data storage systems during the forecast period. The elimination of
the physical data storage barriers, such as papers for documentation,
narrow bandwidth and cost of travel among others are some of the main
factors anticipated to enhance the growth of the virtual data storage
during the forecast period. Additionally, virtual data storage can
deliver remote monitoring and the possibility to control most of the
equipment which is connected to the virtual world. Therefore, most of
the new devices by default have their physical form as well as
virtual profile. The ongoing technological advancement in the virtual
data storage industry is acting as an opportunity for the market. For
instance; the new virtual data storage systems has numerous benefits
such as easy access to additional space, secure storage solution,
easy accessible files and others.
The global virtual data storage market is segmented in three
categories: by service, by component and by end users. By services
the market of virtual data storage can be divided into private,
hybrid and public. By component the market is segmented by networking
infrastructure, computing systems and storage systems. In terms of
end user, the market of virtual data storage can be divided into
BFSI, manufacturing, healthcare, telecommunication and ITs, media and
entertainment and retail among others.
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By geography the global virtual data storage market is segmented into
North America, Europe, Asia Pacific, Latin America and Middle East
and Africa. Asia Pacific is expecting the fastest growth due to the
rising economics such as India and China. Demand for data storing and
maintaining is showing the fastest growth in Asia Pacific during the
forecast period. North America and Europe is showing a significant
market share over the years. Middle East and Africa has shown a
remarkable growth in virtual data storage market followed by Latin
America in recent years. Urbanization from developed and developing
countries is also ensuing to the growth of global virtual data
storage market.
.The key players participating in the virtual data storage market are
RR Donnelley (Illinois, USA), Drooms GmbH (Frankfurt, Germany),
CapLinked, Inc. (California, U.S.A), Vault Room, Inc. (Texas,
U.S.A.), Merrill Corporation (Minnesota, U.S.A.), Intralinks
Holdings, Inc. (New York, U.S.A.), and HighQ Solutions Limited
(London, U.K.) among others.
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