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

Published In : Jan 2023
Code : CMI4281
Pages :130
Formats :
Excel and PDF
Industry : Information and Communication Technology

Next Generation Data Storage MarketSize and Trends

The Global Next Generation Data Storage Market was valued for US$ 66644.1 Mn in 2021 is expected to exhibit a CAGR of 11.5% during the forecast period.

Next Generation Data Storage Market Report Coverage

Next Generation Data Storage Market - Impact of Coronavirus (Covid-19) Pandemic:

The COVID-19 Pandemic has had a favorable impact on the market for Next Generation Data Storage. Next-generation data storage is widely used in healthcare, retail, manufacturing, BFSI, and other industries to enable scalable storage and handling of enormous amounts of unstructured data generated by organizations. Because conventional data storage is capable of handling the vast quantity of data generated on a daily basis, many organizations prefer next generation data storage solutions. As a result of the extensive usage of storage devices during the pandemic, the next generation data storage market grew.

Statistics:

North America region dominated the global next generation data storage market in 2021, accounting for a 35.7% share in terms of value, followed by, Asia Pacific and Europe, respectively.

Figure 1: Global Next Generation Data Storage Market Share (%), By Region, 2021

North America next generation data storage market is expected to be one of the prominent region in the global market and witness high growth during the forecast period. So it is expected to boost the regional market growth.

Figure 2: Global Next Generation Data Storage Market (US$ Mn) Analysis and Forecast, 2017 - 2030

The global next generation data storage market was valued at US$ 66644.1 Mn in 2021 and is expected to reach US$ 174457.8 Mn by 2030, growing at a CAGR of 11.5% between 2022 and 2030.