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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.
