Global Next Generation
Data Storage Market: Overview
Next-Generation Data Storage market expected to grow at a CAGR of 12.6% from
2018 to reach a value of approximately USD 104.3 billion by the year 2025. Next
generation storage technology is used to improve data management and storage
across various different verticals, which includes financial services,
telecommunication, information technology, healthcare, government,
manufacturing and others. The next generation data storage technology helps in
managing large data securely and enables reliable, secure and fast recovery of
data in a cost-efficient manner. The growing presence of I/O devices in various
sector and the increasing need for managing, analyzing and storing huge amount
of data are some of the factors
that are expected to encourage the growth of the global Next Generation Data
Storage market in the upcoming period.
In addition, massive growth in digital data
volume, proliferated use of smartphones, laptops, and tablets and growth of the
IoT market are other factors estimated to accelerate the growth of the market
in the next few years. Moreover, the reduction in prices of solid-state drives,
higher functionality, and longer life span of the storage devices will fuel the
growth of the Next Generation Data Storage market in the forecast period.
Further, growing demand for advanced time-saving
technologies including automated systems, smart technologies, online shopping,
and the internet of things, etc. which require handling of large data generated
by the enterprises will contribute to the growth of the Next Generation Data
Storage market in upcoming periods. Additionally,
growing demand for next generation data storage
in various industries will foster the global next-generation data
Next Generation Data
Storage Market Storage Systems analysis
On the basis of storage systems, the Next
Generation Data Storage market has been segmented into Direct-Attached,
Network-Attached and Cloud. Cloud dominates the global Next Generation Data
Storage market owing to its low cost of deployment and easy availability.
Moreover, cloud properties like complete ownership of the storage space and can
be accessed from remote places will influence Cloud-based storage systems.
Network- attached will boost by its features like easy accessibility from any
connected device for multiple authenticated users via a network.
Next Generation Data
Storage Market System Architecture Analysis
On the basis of Storage Architecture, the Next
Generation Data Storage market has been segmented into File & Object-Based
and Block based. File & Object based segment dominates the global Next
Generation Data Storage market owing to rapidly growing huge volumes of structured
and unstructured data generation by large enterprises is leading to an
increased need for File & Object based System to manage those huge volumes
of data. Block-based segment will influence by it’s an efficient and reliable
way to store data and is easy to use and manage which are usable in enterprises
performing big transactions and those that deploy huge databases.
Next Generation Data Storage
Market System Technology Analysis
On the basis of Storage Technology, the global
Next Generation Data Storage market has been segmented into Magnetic Storage,
Solid-state Storage, Cloud-based Storage, Holographic and Hybrid Array. Cloud
Storage segment will lead the market due to its features such as storage management
and remote internet accessibility. Moreover, it is maintained, operated, and
managed by the cloud storage service providers on virtually built storage
servers. The hybrid array will influence by its features such mix of SSDs and
hard-disk drives which speeds faster access to stored data than spinning disk
can provide. Holographic
will boost by its high capacity data storage technology.
Next Generation Data
Storage Market End-User Industry Analysis
On the basis of End-user industry, the global
Next Generation Data Storage market has been segmented into BFSI, Retail, IT
&Telecom, Healthcare, Government, Education, and Media & Entertainment.
By End-User Industry, BFSI will lead the market due to Next Generation Data
Storage owing to increase in the number of smartphones for online transactions,
the rise in e-commerce activities, growth in national and international trade,
and increased need to store a large amount of data. Government segment will
foster by cloud technology to delivering better services within the allocated
budget and with improved quality and numerous ways at the lower cost
Regional analysis of
Next Generation Data Storage Market
On the basis of region, the Next Generation Data
Storage Market has been segmented into North America, Europe, Asia Pacific,
Middle East & Africa, and Latin America. North America dominates the world
Next Generation Data Storage market over the forecast period due to the growing
adoption of technology and the presence of already established infrastructure
in every industry. Moreover, the increasing volume of unstructured data across
various industries coupled with rapid technological advancements has led to an
increased demand for the secure, reliable, and cost-efficient storage
infrastructure in North America. The Asia-Pacific will be fastest growing
market due to the presence of a large number of IT industries in the Asia
Pacific region and huge investments in the data storage sector to provide their
existing infrastructures with new data storage technologies and solutions to
improve the production process.
The objective of the
To analyze and forecast market size of the
global Next Generation Data Storage Market, in terms of value.
To examine the careful market segmentation and
forecast the market size, in terms value, on the basis of the region by
segmenting Next Generation Data Storage market into five regions, namely, North
America, Europe, Asia Pacific, Middle East, and their leading countries.
To outline, categorized and forecast the global
Next Generation Data Storage market on the basis of storage type, storage architecture,
Storage Technology, and End-user industry.
To examine competitive developments like
technological advancement, services, and regulative framework within the global
Next Generation Data Storage Market.
To highlight the impact analysis of the factors,
affecting the market dynamics such as drivers, restraints, opportunities, and
To strategically profile the key players and
comprehensively analyze their market shares along with detailing the
competitive landscape for market leaders.
Global Next Generation
Data Storage Market Competitive Landscape
Companies such as Dell Inc., Avago
Technologies, EMC Corporation, Hewlett-Packard Development Company, L.P., HGST,
Inc., Hitachi Data Systems, IBM
Corporation, NetApp, Inc., Drobo, Inc., Toshiba
Corporation, Pure Storage, Inc., Nutanix, Inc., Scality, Tintri, Inc., Cloudian, Inc. , Drobo,
Inc. Quantum Corporation, Western Digital Corporation, Samsung
Electronics, Fujitsu Ltd., VMware, Inc.,
Nexenta Systems, Inc., Netgear Inc., and Micron Technology Corporation are the
key players in the global Next Generation Data Storage market.
Key Target Audience:
Market research and consulting firms
Global Next Generation Data Storage Services
Research organizations and consulting companies
Global Next Generation Data Storage distributors
Organizations, associations, and alliances
related to Next Generation Data Storage
Scope of the Report
By Storage System
By Storage Architecture
File- & Object-Based
By Storage Technology
By End-user Industry
Education, Media & Entertainment
In addition, the report provides an
analysis of the Next Generation Data Storage Market with respect to the
following geographic segments:
Rest of Europe
Asia Pacific (APAC)
Rest of Asia Pacific
Rest of Latin America
Rest of Middle-East
Business Questions answer by the report
How will the market drivers, restraints and
opportunities affect the market dynamics?
What will be the market size in terms of value
and volume and market statistics with detailed classification
Which segment dominates the market or region and
one will be the fastest growing and why?
A comprehensive survey of the competitive
landscape and the market participant players
Analysis of strategy adopted by the key player
and their impact on other players.
Customization Scope for the Client
satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The
following customization options are available for the report:
With five additional company detail analysis.
Additional country analysis.
Detailed segment analysis.