Next-Generation Data Storage Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Next-Generation Data Storage Market By Storage architecture (FOBS and Block storage), By Storage medium (SSD, HDD, and Tape), By Storage system (Direct attached storage, Network attached storage, and Storage Area network), By End user (Enterprise, Government, Cloud service providers, and Telecom), and Geography

 

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Report

Description

It is projected that the next-generation data storage market will rise from US$ 57.6 billion by 2021 to US$ 86.6 billion by 2028 at a CAGR of 8.5%. The rapidly increasing amount of digital data as a rising number of users of Smartphone, laptops and tablets and the increasing preference of organizations for cloud computing services are major factors that are expected to drive global market growth over the forecast period. Furthermore, growing demand for time-saving technology and services, automated systems, IoT devices and online shopping activities are some of the other factors that are expected to further fuel the target market’s growth over the forecast period. Increasing investment by target market players in R&D activities to build cost-effective solutions for different industries, and increasing strategic mergers and acquisitions to expand their offerings and global footprint. For example, EMC acquired Virtustream to broaden its cloud services. However, a lack of protection in cloud and server-based services is a key factor expected over the forecast period to limit global market growth. Global next-generation data storage market report provide a comprehensive outlook on next-generation data storage worldwide with specific focus on key region such as North America, Europe, Asia Pacific, Latin America and MEA. The report on global next-generation data storage market gives historical, current and future market size (US$ Mn) on the basis of storage architecture, storage medium, storage system, end user, and geography. This study analyses the global next-generation data storage market dynamics in a detailed manner to identify current trends and drivers, growth opportunities and potential challenges to the key stakeholders in the operating market. In addition, PBI has analyzed the global market to better equip customers with possible investment opportunities across region and consumer unmet needs.

Next-Generation Data Storage Market

MARKET SUMMARY
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8.5% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 8.5%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Next-Generation Data Storage Market

  • Global next-generation data storage market expanding at significant CAGR over 2022 to 2028 owing rapidly increasing amount of digital data as a rising number of users of Smartphone, laptops and tablets and the increasing preference of organizations for cloud computing services.
  • North America accounted for larger share of market revenue based on the region and projected a gain in market revenue over a forecast period.
  • Players focusing on innovation of technologies and collaboration strategies to retain market position in global market.
Market Key Players
  • Enterprise Company
  • Dell Inc.
  • NetApp Inc.
  • Hitachi Ltd.
  • International Business Machines Corporation
  • Toshiba Corporation
Drivers And Restraints

Next-Generation Data Storage Market

The growing number of cloud-based solutions globally is driving the growth of the next-generation data storage market to a great extent. Cloud-based network-attached storage systems are thriving worldwide, as they can be accessed conveniently, regardless of time and place. Without any need to be physically mounted on the framework of an organization, cloud-based technology may be used. The need for storing vast quantities of backup data is also growing with an increase in the number of cloud-based solutions.


North-America got significant share

Next-Generation Data Storage Market

In the next-generation data storage industry, North America is the main revenue generating area. The rising amount of unstructured data across different industries and rapid technological developments has resulted in increased demand for North America’s stable, reliable, and cost-effective storage infrastructure. The largest market share is gained by North America, as the early adopter of innovative data storage technologies.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about market size, regional market share, historic market and forecast.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market.
  • The report provides plethora of information about market entry strategies.

Key

Key developments

Segmentation

Next-Generation Data Storage Market


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

  • Enterprise Company
  • Dell Inc.
  • NetApp Inc.
  • Hitachi Ltd.
  • International Business Machines Corporation
  • Toshiba Corporation
  • Pure Storage Inc.
  • Nutanix Inc.
  • Micron Technology Inc.
  • Tintri Inc.

Description

It is projected that the next-generation data storage market will rise from US$ 57.6 billion by 2021 to US$ 86.6 billion by 2028 at a CAGR of 8.5%. The rapidly increasing amount of digital data as a rising number of users of Smartphone, laptops and tablets and the increasing preference of organizations for cloud computing services are major factors that are expected to drive global market growth over the forecast period. Furthermore, growing demand for time-saving technology and services, automated systems, IoT devices and online shopping activities are some of the other factors that are expected to further fuel the target market’s growth over the forecast period. Increasing investment by target market players in R&D activities to build cost-effective solutions for different industries, and increasing strategic mergers and acquisitions to expand their offerings and global footprint. For example, EMC acquired Virtustream to broaden its cloud services. However, a lack of protection in cloud and server-based services is a key factor expected over the forecast period to limit global market growth. Global next-generation data storage market report provide a comprehensive outlook on next-generation data storage worldwide with specific focus on key region such as North America, Europe, Asia Pacific, Latin America and MEA. The report on global next-generation data storage market gives historical, current and future market size (US$ Mn) on the basis of storage architecture, storage medium, storage system, end user, and geography. This study analyses the global next-generation data storage market dynamics in a detailed manner to identify current trends and drivers, growth opportunities and potential challenges to the key stakeholders in the operating market. In addition, PBI has analyzed the global market to better equip customers with possible investment opportunities across region and consumer unmet needs.

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