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Top 5 Suppliers in the IT Storage Services Market from 2016-2020: Technavio
[October 21, 2016]

Top 5 Suppliers in the IT Storage Services Market from 2016-2020: Technavio


Procurement market intelligence report on the IT storage services market presents the top five suppliers in the market until 2020. These suppliers are selected based on certain criteria, including skills and expertise, access privileges and controls, technological capabilities, regulatory compliance, and financial stability and reputation.

Competitive market landscape

Category spend intelligence researchers analyses the IT storage services industry, which is highly fragmented with large global players dominating the market. However, it is also populated by small-scale service providers that have an edge over global players in terms of local market know-how.

Buyers include pharmaceutical, healthcare, automotive, FMCG, manufacturing, media and entertainment, and retail companies, as well as large financial institutions. The category is witnessing a shift from the custom and tailored quadrant toward the proprietary quadrant, as buyers are looking to optimize category spend by engaging with a few or limited number of suppliers that can cater to their specific storage requirements at a competitive cost.

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According to Angad Singh, a procurement intelligence specialist, "Suppliers are increasingly enhancing their product portfolios to transform into one-stop shops that can cater to all the storage service requiements of large organizations."



Top five suppliers in the IT storage services market

EMC (News - Alert)


EMC has the capability to provide data storage services to entities such as banks, financial institutions, manufacturers, healthcare and life science organizations, airlines, transportation companies, educational institutions, and public sector industries. The company is financially robust and is an expert in offering services related to ITaaS. The organization has the world's largest service and sales force, and a global network of technology, service, and distribution partners.

NetApp

NetApp, the first storage service provider to the US government, caters to the media, healthcare, pharmaceutical, government, gaming, banking, and financing sectors. The company has an operational presence in over 50 countries, and operates through 150 offices spread across the globe. It has a strong focus on R&D and has strong supply chain capabilities.

IBM (News - Alert)

IBM operates across sectors, including aerospace and automotive, banking, chemicals, communications, education, energy and utilities, and electronics. Its technical expertise in cloud services has enabled the company to become the global leader in providing hybrid cloud services to enterprises. The company provides both hardware and software solutions, which positions it as a one-stop shop for companies seeking integrated IT products and solutions.

Hewlett-Packard (News - Alert) Enterprise

HPE is the largest division of HP. The company provides servers, storage, IT, and software related services, which help enterprises and other organizations to manage their IT business. The firm provides services to sectors such as manufacturing, government, FMCG, travel and transportation, health and life sciences, and media, as well as to financial institutions. It has the ability to provide services at an affordable price and has an excellent global distribution network.

Hitachi Data Systems (News - Alert)

Hitachi Data Systems provides storage services to over 50 of the Fortune 500 companies worldwide. The company has an operational presence in more than 170 countries and provides services either through direct or indirect channels. The company has strong R&D capabilities and invests 20% of its revenue in research and development. It also owns 2,500 patents worldwide.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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