NEXT GENERATION DATA STORAGE MARKET ANALYSIS

Next Generation Data Storage Market, By Type (Direct Attached Storage (DAS), Network Attached Storage (NAS) and Storage Area Network (SAN)), By Architecture (File Storage, Object Storage and Block Storage), By Storage Medium (Tape, Hard Disk Drive(HDD) and Solid State Drive (SSD)), By Deployment (On Premise and Cloud), By Industry Vertical (BFSI, Government, Retail, IT and Telecommunication, Manufacturing, Healthcare, Education and Media and Entertainment), and By Region (North America, Latin America, Europe, APAC and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Restraints & Challenges:

Data security breach in the cloud and server-based services is expected to hamper the global next generation data storage market growth over the forecast period
High cost associated with cloud storage is expected to restrain growth of the global next generation data storage market during the forecast period

Restraint:

Data security breach in the cloud and server-based services is expected to hamper the global next generation data storage market growth over the forecast period
High cost associated with cloud storage is expected to restrain growth of the global next generation data storage market during the forecast period

Growth Drivers:

Rising proliferation of smartphones, tablets, and laptops is expected to drive growth of the global next generation data storage market during the forecast period
Rapid growth of e-commerce sector is expected to propel the global next-generation data storage market growth over the forecast period