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Next-Generation Data Storage Market Report and Forecast 2023-2028

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    Report

  • 193 Pages
  • August 2023
  • Region: Global
  • Expert Market Research
  • ID: 5868147
According to the report the global next-generation data storage market reached a value of USD 60.25 billion in 2022. Aided by the rise in the usage of cloud computing and the digitisation of information across numerous industries, the market is projected to further grow at a CAGR of 11.29% between 2023 and 2028 to reach a value of USD 108.4 billion by 2028.

Next-generation data storage refers to the modern data storage technologies and solutions that offer superior speed, capacity, scalability, and reliability compared to their traditional counterparts. As businesses and institutions pivot towards data-driven decision-making, next-gen storage solutions, such as Solid-State Drives (SSDs), hyper-converged infrastructure, and storage-class memory, have become paramount. These advanced technologies facilitate instant data retrieval, ensuring seamless business operations and enhanced user experiences.

A key driver catalysing the trajectory of the next-generation data storage market growth is the sheer volume of data being generated today. From IoT devices and smartphones to cloud platforms and enterprise servers, the digital explosion is relentless. The data surge is pushing organisations to re-evaluate their storage infrastructure, seeking solutions that can efficiently handle large datasets without compromising on performance.

Moreover, sectors such as e-commerce, financial services, healthcare, and entertainment, which heavily rely on real-time data access, have been instrumental in propelling the next-generation data storage market demand. For instance, the healthcare sector, with its emphasis on Electronic Health Records (EHR) and telemedicine, requires storage solutions that ensure patient data's integrity, security, and quick access. Similarly, the entertainment industry's transition to 4K and 8K formats necessitates storage devices capable of handling voluminous data files without a glitch.

The rise of AI and machine learning applications, which necessitate the processing and analysis of vast data chunks, further accentuates the next-generation data storage market outlook. Advanced analytics and simulations require high-speed data access, and traditional hard drives can no longer keep up. This shift towards AI-driven operations is subsequently fuelling the demand for state-of-the-art storage technologies.

Furthermore, as cyber threats become more sophisticated, the importance of secure data storage cannot be overstated. Next-generation storage solutions come with enhanced encryption and security features, ensuring data protection and compliance with stringent regulatory norms.

The trend towards hybrid cloud environments in businesses is another crucial factor accelerating the next-generation data storage market expansion. Hybrid cloud setups allow organisations to harness the power of both on-premise and cloud resources, necessitating storage solutions that can seamlessly integrate and function across these diverse environments.

Market Segmentation

The market can be divided based on storage system, storage medium, storage architecture, deployment type, end-user, and region.

Market Breakup by Storage System

  • Direct-Attached Storage (DAS)
  • Network-Attached Storage (NAS)
  • Storage Area Network (SAN)

Market Breakup by Storage Medium

  • Hard Disk Drive (HDD)
  • Solid State Drive (SSD)
  • Tape

Market Breakup by Storage Architecture

  • File and Object Based Storage
  • Block Storage

Market Breakup by Deployment Type

  • On-Premises
  • Cloud
  • Hybrid

Market Breakup by End-User

  • BFSI
  • Retail
  • IT and Telecom
  • Healthcare
  • Media and Entertainment
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global next-generation data storage companies. Some of the major key players explored in the report are as follows:
  • Dell Technologies, Inc
  • Hewlett Packard Enterprise Company
  • NetApp, Inc
  • Huawei Technologies Co., Ltd
  • Samsung Electronics Co., Ltd.
  • Pure Storage, Inc.
  • Hitachi, Ltd.
  • Fujitsu Limited
  • IBM Corporation
  • Netgear Inc.
  • Micron Technology, Inc
  • Others

About the Publisher

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Next-Generation Data Storage Market Analysis
8.1 Key Industry Highlights
8.2 Global Next-Generation Data Storage Historical Market (2018-2022)
8.3 Global Next-Generation Data Storage Market Forecast (2023-2028)
8.4 Global Next-Generation Data Storage Market by Storage System
8.4.1 Direct-Attached Storage (DAS)
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Network-Attached Storage (NAS)
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Storage Area Network (SAN)
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Next-Generation Data Storage Market by Storage Medium
8.5.1 Hard Disk Drive (HDD)
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Solid State Drive (SSD)
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Tape
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Global Next-Generation Data Storage Market by Storage Architecture
8.6.1 File and Object Based Storage
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Block Storage
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Next-Generation Data Storage Market by Deployment Type
8.7.1 On-Premises
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Cloud
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Hybrid
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.8 Global Next-Generation Data Storage Market by End-User
8.8.1 BFSI
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Retail
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 IT and Telecom
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Healthcare
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Media and Entertainment
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
8.8.6 Others
8.9 Global Next-Generation Data Storage Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2022)
8.9.1.2 Forecast Trend (2023-2028)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2022)
8.9.2.2 Forecast Trend (2023-2028)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2022)
8.9.3.2 Forecast Trend (2023-2028)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2022)
8.9.4.2 Forecast Trend (2023-2028)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2022)
8.9.5.2 Forecast Trend (2023-2028)
9 North America Next-Generation Data Storage Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Next-Generation Data Storage Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Next-Generation Data Storage Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Next-Generation Data Storage Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Next-Generation Data Storage Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Dell Technologies, Inc
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Hewlett Packard Enterprise Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 NetApp, Inc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Huawei Technologies Co., Ltd
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Samsung Electronics Co., Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Pure Storage, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Hitachi, Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Fujitsu Limited
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 IBM Corporation
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Netgear Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Micron Technology, Inc
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market

Companies Mentioned

  • Dell Technologies, Inc
  • Hewlett Packard Enterprise Company
  • NetApp, Inc
  • Huawei Technologies Co., Ltd
  • Samsung Electronics Co., Ltd.
  • Pure Storage, Inc.
  • Hitachi, Ltd.
  • Fujitsu Limited
  • IBM Corporation
  • Netgear Inc.
  • Micron Technology, Inc

Methodology

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