Next-Generation Data Storage Market Size by Storage System, Storage Architecture, Storage Medium, End-User, Region, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2030
Overview
CAGR of the Next Generation Data Storage market is expected to be 8.5% during the forecast period and the market size is expected to reach nearly USD 121.85 billion by 2030.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Next-Generation data storage market include massive growth in digital data volume proliferated use of smartphones, laptops, and tablets. Growth of the IoT market and growing penetration of high-end cloud computing. However, the breach in data security in cloud and server-based services, and less structured data are the major restraints for the growth of the global next-generation data storage market.
Next-Generation Data Storage Market Segment Analysis:
Based on the storage system segment, the global next-generation data storage market for network-attached storage (NAS) is expected to grow at the highest CAGR during the forecast period. NAS devices offer cost-effective data loading solutions to organizations. Small businesses and medium-sized enterprises are gradually adapting to the cloud-based storage on NAS owing to their ease and beneficial features. The demand for storage devices that are attached to a given network and data accessibility from any connected device for multiple authenticated users via a network are driving the growth of the market for NAS.
On the basis of end user segment, Enterprises is expected to hold the largest market share in 2030. Many devices, like smartphones and tablets, are generating data in the form of images and videos. Furthermore, embedded devices, machine-to-machine, and IoT create images and videos from functional applications such as advertising and security data such as files on PCs and servers log files and massive amounts of metadata. The improved data generation is leading to the growth in demand for global next-generation data storage devices.
Regional Analysis:
In terms of region, North America is the main revenue generating region in the global next-generation data storage market. The increasing volume of unstructured data across many businesses and rapid technological progressions have led to an improved request for the secure, reliable, and cost-efficient storing infrastructure in North America. North America, being the first adopter of advanced data storage technologies, captures the largest share of the global next-generation data storage market.
The report offers a complete estimation of the market. It prepares so via detailed qualitative insights, historical data, and verifiable projections about market size. The estimates featured in the report have been derived using proven research organizations and expectations. By responsibility so, the research report serves as a repository of analysis and information for every facet of the market.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Next-Generation Data Storage dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Laboratory Proficiency Testing.
Next Generation Data Storage Industry Ecosystem
Next Generation Data Storage Market, Key Highlights:
Global market analysis and forecast, in terms of value.
Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Next-Generation Data Storage Market
Global market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
Next-Generation Data Storage Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
Global market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Market are also profiled.
Next Generation Data Storage Market Scope: Inquire before buying
| Next-Generation Data Storage Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 68.83 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 8.5% | Market Size in 2030: | USD 121.85 Bn. |
| Segments Covered: | by Storage System | Direct-Attached Storage Network-Attached Storage Storage Area Network |
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| by Storage Architecture | File- and Object-Based Storage Block Storage |
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| by Storage Medium | Hard Disk Drive Solid-State Drive Tape |
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| by End-User | Enterprises Government Bodies Telecom Companies Cloud Service Providers |
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Next Generation Data Storage Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Next Generation Data Storage Market, Key Players are:
1.Dell
2.Hewlett Packard Enterprise
3.IBM
4.Netapp
5.Hitachi
6.Toshiba
7.Pure Storage
8.Nutanix
9.Scality
10.Micron Technology
11.Tintri
12.Cloudian
13.Drobo
14.Quantum
15.Western Digital
16.Samsung
17.Fujitsu
18.Vmware
19.Nexenta Systems
20.Netgear
21.Inspur
Frequently Asked questions
1. What is the market size of the Global Next-Generation Data Storage Market in 2023?
Ans. The market size Global market in 2023 was USD 68.83 Billion.
2. What are the different segments of the Global Next-Generation Data Storage Market?
Ans. The Global market is divided into Storage Medium, System, Storage Architecture and End-User.
3. What is the study period of this market?
Ans. The Global market will be studied from 2023 to 2030.
4. Which region is expected to hold the highest Global Next-Generation Data Storage Market share?
Ans. The North America dominates the market share in the market.
5. What is the Forecast Period of Global Next-Generation Data Storage Market?
Ans. The Forecast Period of the market is 2024-2030 in the market.