Erasure Coding is a parity based protection technique that utilizes fragmentation, expansion and encoding of data and storing it at different storage locations such as disks or storage nodes with configurable number of redundant pieces. The aim of erasure coding is to enable recreation of data by using information about the data that is stored somewhere in the array or in another location.

An erasure code offers redundancy by breaking data into smaller fragments and storing them in different locations, allowing for the breakdown of two or more elements. The key is that user can recover the data from any combination of a smaller number of these fragments.

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Erasure coding provides better data resilience, and data durability or persistence, implying that it can remain for longer period of time regardless of the media it is being stored on. Erasure coding consumes less storage than mirroring, which doubles the volume of storage required.

Factors such reduced hardware and software requirements resulting in lower cost and higher durability and higher persistence of erasure coded data are likely to drive the market. Along with functions such as latency tolerance and large capacity stores are anticipated to drive the market during the forecast period.

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Market for erasure coding can be segmented on the basis of geographical regions and storage type. On the basis of geographical regions market can be segmented into Europe, North America, Asia Pacific, Latin America and Middle East & Africa. On the basis of storage, market is segmented into cloud and on-device storage. Adoption of cloud-based erasure coding is increasing quickly due to the growing popularity of cloud based deployment model.

Major players in the erasure coding market are Actifo, Netapp, Nephos Technologies, Fujitsu, HP Enterprise, Pivot3, Nutanix, Rubrik Inc. and Dell EMC Isilon.

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