Newer solutions will find uses in consumer electronics, automotive, energy distribution, and healthcare applications, finds Frost & Sullivan
MOUNTAIN VIEW, California, Sept. 30, 2015 /PRNewswire/ -- Efficiency across industries is escalating demand for new recording technologies and materials with low power consumption, long retention times, high-speed read-write cycles, and strong rewriting capabilities. This, in turn, is highlighting the need for storage capacity. As a result, data storage technology (DST) providers are ramping up technology in this mature market to enable ultra-high-density data storage.
New analysis from Frost & Sullivan, Impact of Data Storage Technologies in Key Sectors (https://www.frost.com/d683), finds that magnetic and optical data storage systems are the most common, commercially available DSTs. While non-volatile memory systems are staking claim to a larger number of applications, owing to their value-added functionalities, volatile memory solutions continue to hold their own.
For complimentary access to more information on this research, please visit: http://bit.ly/1iFGN41
"Low power consuming devices have been the hallmark of next-generation DSTs," said Technical Insights Research Analyst Jabez Mendelson. "High-speed read-write cycle capabilities, in particular, have made low-voltage operations possible and allowed emerging DSTs to make headway in a number of applications across sectors."
For instance, DSTs are expected to transform the consumer electronics sector in the next five to six years, especially as the smartphone industry looks for low-cost, high-performance, high-density data storage. DSTs can also strengthen the wearables market in the near term.
As a result, the data collected through DSTs could bolster management systems, as historic data facilitates the learning of patterns and serves as input for further research. A case in point would be the adoption of power management systems in the energy distribution sector to reduce energy wastage.
Additionally, the implementation of DST in driver assistant systems can accelerate the commercialization prospects of unmanned vehicles. The technology can also create new treatment opportunities in the healthcare sector based on information collected and enable medical devices that assist in human-machine interaction.
"However, some sectors have distinct methods of device classification and their requirements may not be transparent, making it harder for DST manufacturers to develop adept solutions in the midst of intensifying competition," noted Mendelson. "Vendors must strategically position technologies in key sectors early in their life cycle in order to generate the most revenue prior to patent expiration and extend their reach to newer applications across industries."
Impact of Data Storage Technologies in Key Sectors, a part of the Technical Insights (http://ww2.frost.com/research/technology/information-communication) subscription, offers insights on the impact of data storage technologies across key sectors such as consumer electronics, industrial, energy distribution, healthcare, and automotive and transportation. The coverage includes drivers and challenges, global trends and innovation indicators, breadth of applications impacted, technology and application roadmaps showing the future prospect of DSTs, and strategic insights about market and emerging trends evaluated following extensive interviews with market participants.
Technical Insights is an international technology analysis business that produces a variety of technical news alerts, newsletters, and research services.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360-degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Impact of Data Storage Technologies in Key Sectors
Corporate Communications – North America
SOURCE Frost & Sullivan