Global Next Generation Data Storage Market Size, By Storage System (Direct-Attached, Network-Attached and Cloud), By Storage Architecture (File- & Object-Based, Block), By Storage Technology(Magnetic Storage, Solid-state Storage, Cloud-based Storage, Holographic and Hybrid Array), End-user Industry (BFSI, Retail, IT &Telecom, Healthcare, Government, Education, Media & Entertainment), By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Growth Potential, Trends Analysis, Competitive Market Size and Forecast, 2015-2025
Published:
June 2019
Report Code:
BWC19172
Available Format:
PDF PDF Icon
Pages:
115

global next generation data storage market bwc19172

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Global Next Generation Data Storage Market: Overview

Global 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 storage market.

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 Study:

·         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 challenges.

·         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

·         Industry associations

·         Global Next Generation Data Storage Services Provider

·         Research organizations and consulting companies

·         Global Next Generation Data Storage distributors

·         Organizations, associations, and alliances related to Next Generation Data Storage

·         Regulatory bodies

Scope of the Report

By Storage System

·         Direct-Attached

·         Network-Attached

·         Cloud

By Storage Architecture

·         File- & Object-Based

·         Block

By Storage Technology

·         Magnetic Storage,

·         Solid-state Storage

·         Cloud-based Storage

·         Holographic

·         Hybrid Array

By End-user Industry

·         BFSI

·         Retail

·         IT &Telecom

·         Healthcare

·         Government

·         Education, Media & Entertainment

In addition, the report provides an analysis of the Next Generation Data Storage Market with respect to the following geographic segments:

North America

·         U.S.

·         Canada

Europe

·         Germany

·         U.K.

·         Italy

·         France

·         Rest of Europe

Asia Pacific (APAC)

·         China

·         India

·         Japan

·         Rest of Asia Pacific

LATAM

·         Brazil

·         Argentina

·         Rest of Latin America

MEA

·         Saudi Africa

·         UAE

·         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

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:

Additional Company Information

·         With five additional company detail analysis.

·         Additional country analysis.

·         Detailed segment analysis.

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