Reviews About Market Space

PRELIMINARY

Project Overview Market.space is a decentralized independent management system for storing, transmitting,

and distribute the content directly. It performs some non-standard functions

make it stand out from the competition:

1. As a server multiplier, Market.space enables professional and storage service providers

data centers to grow in unused storage space.

Our system acts as a marketplace, with no plans imposed or transaction fees,

which means the price is affordable.

2. With Market.space, authentication content can be distributed continuously and

pass the mediator and charge them safely. This function is basically

embedded in the system architecture while competitors need

focus or complete the application.

3. Responsible data storage is done according to the algorithm set in

Smart contract. All participants are treated equally and receive rewards

for their participation in data transmission. Use of distributed accounting technology

along with the participation of professional storage service providers work absolutely safe and secure

reliable while demanding and providing a system of pricing based on. offered an exchange

affordability.

LAUNCHING

The Market.space platform concept was completed in the third quarter of 2017.

The group has been actively involved in development and support

data archiving and international project transmission for over 5 years. So the idea of ​​the system

which allows reliable data storage at an affordable price has been taken care of

for a long time. Now the market desperately needs such a system, we have started

development of internal architecture.

Data Storage Market

Key metrics and expectations

Currently, the number of Internet users reached 3.8 billion people,

50% of the world's population. Developing countries are responsible for the majority of users

(about 2.5B). The number of users in developed countries is about 1B.

By 2016, the volume of the public cloud storage market (PCS) will become

$ 26.4 billion and is expected to reach $ 99 billion by 2022 (Figure 1). On average, the market

up 24.8% [1] per year

Main Players

The list of the largest PCS players currently including OneDrive (Microsoft), Google, Dropbox,

and Apple with over 900 million subscribers. Apple is not reflected in most

reports because storage services are embedded in the ecosystem. Amazon and

Dropbox is now leading the way in B2B.

The smaller players that operate on the market include pCloud, BlackBlaze, FlipDrive,

JustCloud, and more.

There are also new people - storage service providers working in shared cloud storage services

- the same with software companies like Microsoft as well as departing companies decentralized

warehouse based on blockchain. This new market segment is now called a cooperative

cloud-based.

For further analysis, it should be noted that depending on the type of user repository

can target SMEs or large companies. They are also classified as public, private or

hybrid [3] according to the implementation regime (Figure 3). In the case of a hybrid repository, part of the data

hosting on a public cloud hosting provider's servers and other sections - on

the company's own server is rented out for a while. long time.

The repositories combine public and private archive options so customers can choose which privacy

they need.

Growth Drivers

The market is currently experiencing increasing demand both from individuals as well as

business. The latter (SMB in particular) utilizes cloud storage services to ensure

uninterrupted business processes, improve customer support, and leave

traditional IT infrastructure that requires a fee. substantial and professional skills.

Big companies mainly choose their own storage and hybrid repositories for

agility and agility while saving on infrastructure maintenance. Expected improvement

in most industries (from production to mass media) is due

relatively low data storage and processing costs.

Only 6% of businesses survive for more than two years after the loss of valuable data.

Over 65% [4] businesses globally use cloud storage services to back up data.

Improving data security and anonymity will expand the target audience for PCS with

manufacturing, finance and insurance, health care and retail business,

both nationally and internationally. city ​​delegation.

It should be noted that demand for hybrid storage is increasing. They

relatively affordable and versatile compared

with private clouds expensive and private with no collateral with their frequent data leaks.

2.4 Current Trends

The PCS market is currently experiencing the following trends:

1. Private repositories are shared across both large enterprise and SME segments

developed due to unsafe and inadequate public stock quality.

2. Cloud service function is more advanced. This includes

edit documentation, secure file sharing opportunities, team work and so on

3. Blockchain based block based repositories see increased popularity

2.5 Market problems

2.5.1 Traditional cloud storage

Despite the increasing market penetration, demand

Secure and reliable data archiving remains unresponsive (this refers both to business and personal).

So far the market is dominated by major cloud storage vendors despite the volume of that data

stored by their customers can vary, traditional cloud storage does not serve individual fish.

human needs. The price they offer means a fixed amount of storage (e.g., 1 TB) and / or

fixed period (for example, 1 month).

The absence of encryption under design and the possibility of third party access to data still

has many potential users (especially those coming from the enterprise segment). No

surprisingly to report a lot of data leakage, theft, and

account fraud.

In addition, centralized data storage leaves room to scan the current data

common because of machine learning algorithms. It then allows to extract

data even from audio or video. This means that your valuable data can be stolen for

commercial use or transferred to a third party.

Access is often delayed for cold storage (long-term data storage implies time

recording and reading rare) compared to other modes. With most

storage service provider, transfer data from cold storage to

regular instant access mode requires a fee.

2.5.2 Storage-based storage service Storage

hierarchical data on consumer devices solves security issues. However,

they can not be adapted to high load and work 24/7. This poses a particular risk for

customer:

• Data can not be accessed when PC server is offline
• Consumer devices are vulnerable to corruption, so there is a great possibility data loss
• Data access speeds tend to be low due to instability channels of Internet servers

Visit the official website: https://market.space/
Official link: https://market.space/
Link to whitepaper: https://market.space/doc/Market.space_White_Paper_v1.1_en.pdf
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