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Seagate Technology LLC

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Seagate Technology LLC - ICT showcase

Year Founded & Workforce

1979

42,000 Employees

Industry

ICT

Services

Edge Computing SolutionEdge Computing Services
S

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Seagate Technology LLC Overview

Company Headquarters: US

Founded: 1979

Workforce: ~ 42,000

Company Working: Seagate Technology LLC (Seagate) specializes in Computer Storage products. It provides products and services in the field of Cloud & Edge Data Center, Specialised Drives, Personal Storage. The company operates through the cloud and on-premise software, hardware, and services segments. They offer a wide range of products in Cloud Services, gaming Consoles, Hardware’s for storage, and Personal Storage Devices The services segment comprises by use case such as Backup & Recovery, Storage as a Service, Private Cloud , Big Data Analytics (AI/ML), Data Migration, Data Transfer, Public Cloud, Multicloud, Video Surveillance, High Performance Computing (HPC), and Many More. They have a wide presence across the Asia-Pacific (APAC), Europe, Middle East/North Africa and America.

Strategy

Seagate plans to develop new component technologies, products, and alternative storage technologies as part of its strategy. The company's R&D focus is on bringing innovative goods to market in high volume, with the quality features that customers expect, ahead of competitors enhanced its existing offerings. Utilizing a design platform and/or subsystem within product families to satisfy diverse market needs is part of the Company's product development strategy. This company's strategy provides for more efficient resource use, the use of best design principles, reduced exposure to demand fluctuations, and lower costs through purchasing economies.

Company Snapshot

$10,500M

Revenue

42,000

Employees

1979

Founded

US

Headquarters

SWOT Analysis

Strengths

  • Wide customer base
  • Global distribution
  • Developing new products and solutions

Weaknesses

  • Cashflow irregularities

Opportunities

  • Growth in data center
  • Increasing adoption of High-capacity storage devices

Threats

  • Intense market competition

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Key Developments

DateApproachDevelopment
October 2022Platform LaunchSeagate announced the launch of Lyve Cloud Analytics platform, a complete cloud-based analytics solution that includes storage, compute, and analytics, to help Lyve Cloud customers lower the total cost of ownership (TCO) and accelerate time to value with their DataOps and MLOps (machine learning operations). Adding the analytics capability to the most frictionless cloud storage, Seagate enables enterprises to activate their stored data in an open data lake architecture for analytics at petabyte scale, further accelerating time to implementation and innovation, yielding up to 40% cost saving compared to other available offerings in the market.
April 2022ParnershipSeagate and Phison Electronics announced plans to expand their SSD portfolio of next-gen high-performance, high-density enterprise NVMe SSDs. The new SSDs will help enterprises lower total cost ownership (TCO) through increased storage density, lower power consumption, and higher performance. The companies also announced that they have entered a long-term partnership that will strengthen the development cycle and distribution of enterprise-class SSDs. The partnership will now focus on meeting the evolving global enterprise demand for higher density, faster, and smarter storage infrastructure needs that complement HDD storage to enable comprehensive enterprise applications such as hyperscale data center, high-performance computing and AI.
February 2022Business ExpansionSeagate expands lyve cloud storage solution to Singapore. This will enhance companys customer base.
February 2022CollaborationZadara, a recognized leader in edge cloud services, announced that it is working together with Seagate Technology Holdings plc to deploy zCompute, its elastic, enterprise-grade, expert-managed compute infrastructure, in Seagate’s storage-as-a-service (STaaS) Lyve Cloud platform.

Product Offering

  • Seagate Technology LLC
    • Edge Computing Solution
    • Edge Computing Services

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 10.5 Bn in 2020 to USD 11.7 Bn in 2022.
Seagate Technology LLC — By Business Segment
Series (USD Bn)202020212022
Sales10.510.711.7

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