Next generation data storage solutions are primarily used in the BFSI, government, retail, IT and telecommunication, manufacturing, and healthcare industries. The IoT devices used in the manufacturing facilities generates data in different type of formats such as images or texts. Moreover, in order to store and analyze data, companies are rapidly adopting next generation data storage solutions.
The Next Generation Data Storage Market was valued for US$ 66644.1 Mn in 2021.
Market Dynamics
The growth of the global next generation data storage market is majorly attributed to the product development by the companies such as Dell Technologies. For instance, in June 2020, Dell Technologies launched EMC PowerScale, a storage system for unstructured data. Moreover companies such as Hewlett-Packard Enterprise are partnering with other companies to develop the next generation storage solutions. For instance, in June 2019, Hewlett-Packard Enterprise entered into a partnership with the Qumulo, a cloud storage solution provider to develop both on-premise and cloud-based storage solutions. Thus, product development and partnerships are the factors that are expected to propel growth of the market during the forecast period 2020-2027.
Key features of the study:
- This report provides an in-depth analysis of the global next generation data storage market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2017-2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
- It profiles leading players in the global next generation data storage market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered in the global next generation data storage market include Avago Technologies, Dell, IBM Corporation, EMC Corporation, Hitachi Data Systems, Micron Technology, Hewlett-Packard Development Company, Nutanix, Toshiba Corporation, Drobo, Quantum Corporation, and SimpliVity Corporation.
- These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, architecture up gradation, market expansion, and marketing tactics
- The global next generation data storage market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global next generation data storage market
Detailed Segmentation
- Global Next Generation Data Storage Market, By Type:
- Direct Attached Storage (DAS)
- Network Attached Storage (NAS)
- Storage Area Network (SAN)
- Global Next Generation Data Storage Market, By Architecture:
- File Storage
- Object Storage
- Block Storage
- Global Next Generation Data Storage Market, By Storage Medium:
- Tape
- Hard Disk Drive(HDD)
- Solid State Drive (SSD)
- Global Next Generation Data Storage Market, By Deployment:
- Global Next Generation Data Storage Market, By Industry Vertical:
- BFSI
- Government
- Retail
- IT and Telecommunication
- Manufacturing
- Healthcare
- Education
- Media and Entertainment
- Global Next Generation Data Storage Market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Company Profiles
- Avago Technologies*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Dell
- Drobo
- EMC Corporation
- Hewlett-Packard Development Company
- Hitachi Data Systems
- IBM Corporation
- Micron Technology
- Nutanix
- Toshiba Corporation
- Quantum Corporation
- SimpliVity Corporation
“*” marked represents similar segmentation in other categories in the respective section.
