Data storage market. Decentralized.

With quintillions of data produced daily, the volume of data storage market is forecast to reach the formidable $144.7B[1] by 2022.

Taking a bird’s-eye view of the market, we’ll omit the household names like Google Drive or Amazon, and get straight to the decentralized projects blooming extravagantly in this field. The most known are Sia Tech, Storj Labs, Maidsafe and, of course, Filecoin. The latter hasn’t come up with any product yet, but it’s certainly not a reason to write it off.

So far all the decentralized storage projects (with no exception for the four mentioned above) make use of multi-region data redundancy. That means the parts your files are split into are distributed across multiple servers and locations. Sounds reasonable in terms of granting security. Why then doesn’t Market.space follow the beaten track of erasure coding? The answer is simple: such security comes at the expense of reliability as long as storage is delegated to amateur hosts (or miners, as they are called in some decentralized systems). That’s why in Market.space system data storage is handled by professional hosting providers. Market.space also doesn’t set any strict requirements to pricing and storage terms. We stand for the maximum freedom of choice possible.

According to our analysts, Market.space projected share is likely to make 25% of the distributed storage segment within the first year after the launch (provided that at least soft cap is reached).

[1] https://www.marketsandmarkets.com/PressReleases/next-generation-data-storage.asp

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