Data compression startups

Here are six startups that can change the way enterprises buy storage.
As with every aspect of life in 2020, data storage startups felt the effects of the pandemic.
At least one new storage company -- Samsung Technologies-backed Stellus Technologies -- closed shop before ever bringing its key-value-based flash file system to market.

The global data compression market was valued at $3.01 billion in 2020.
With a compound annual growth rate of 5.2%, it’s expected to reach $4.51 billion by the year 2026.
The major key players in the data compression market’s competitive landscape are the U.S., Germany, the U.K., France, and Norway.

The major key players in the data compression market’s competitive landscape are the U.S., Germany, the U.K., France, and Norway.
Industries that generate and store massive amounts of user data and online activity are also the biggest buyers of data compression services:.

According to Barracuda, “Data compression is the process of encoding, restructuring, or otherwise modifying data in order to reduce its size.
Fundamentally, it involves re-encoding information using fewer bits than the original representation.” .

It ends up using more storage and takes longer to load

The primary benefit of data compression is reducing file and database sizes for more efficient storage in data warehouses, data lakes, and servers

It increases the overall volume of information in storage without increasing costs or upscaling the infrastructure

Theoretical work on data and file compression first began in the late 1940s

But as it became more complex over the decades, companies started utilizing third-party services and tools to compress their data into manageable sizes

Medicat designs and provides healthcare information technology (HIT) to universities and colleges