Seagate Technology Holdings Plc STX recently partnered with ROVE to simplify the complexities surrounding mass data storage solutions.
ROVE is a systems integrator and specializes in delivering agile technology solutions that deliver a simplified enterprise infrastructure platform to drive operational efficiencies for customers in the enterprise, commercial and service industries. public sector.
The collaboration between ROVE and Seagate aims to simplify the management and storage of mass data. The companies will provide hardware and software tools and expertise to help commercial enterprises simplify data acquisition, management and migration.
Seagate’s Lyve Mobile data transfer service is designed to meet the demands of capturing, copying, and archiving data with reduced transfer time throughout the critical data acquisition phase.
Besides Lyve Mobile, Seagate also offers Lyve Cloud, which is the company’s storage-as-a-service platform (S3 compatible only). The platform is primarily intended to help businesses manage the exponential growth of unstructured data.
Newly developed solutions from ROVE and Seagate will help businesses accelerate time to data. This will reduce the total cost of ownership or overall storage TCO and enable mass migration of data regardless of the destination platform or environment (private, public or hybrid cloud).
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Increased demand for mass storage solutions bodes well
Demand for Seagate’s mass storage capacity solutions is driven by strong demand from cloud data centers and the recovery of the enterprise market. The data center business is booming due to the growing adoption of cloud-based solutions and the deployment of the 5G network.
In the last reported quarter, Seagate’s revenue from mass capacity storage soared 25% year-over-year and increased 1% quarter-over-quarter to $2 billion. dollars.
To make it easier for enterprises to store and activate mass capacity data all the time to leverage the flow of massive unstructured datasets, Seagate has worked with leading cloud ecosystem partners for its Lyve service. Cloud in order to provide simple, efficient and well-integrated cloud storage services. .
In 2021, Seagate partnered with equinix EQIX to extend the accessibility of the Lyve service. Lyve Cloud at Equinix offers storage at the edge metropolitan location, where data is generated. This helps enterprises “harness the scale and efficiency of object storage as a service” at the edge, Seagate noted.
Seagate recently deployed Lyve Cloud for businesses of all sizes in Singapore. Seagate has witnessed strong adoption of the Lyve Cloud platform. Last year, Seagate ink a multi-year cloud storage contract with Enlarge video ZM. Under the agreement, Zoom Video will use Seagate’s Lyve Cloud to help with in-store customer meeting recordings.
However, supply chain constraints, component shortages and logistical bottlenecks are of concern. In addition, higher freight costs and fierce competition from western digital WDC in the hard drive market remains a short-term headwind.
In the last reported quarter, Western Digital had revenue of $4.8 billion, up 23% year-over-year. Performance was driven by higher demand from several end markets, particularly cloud customers.
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