Industry Background:
Next generation storage technology is a state-of-the-art technology that caters to the growing need for improved data storage and management across various industry verticals, including banking, financial services, insurance (BFSI) retail IT & telecommunication, government, healthcare, manufacturing, and others. It improves performance and protects against data loss. With effective management, storage systems perform well across geographic areas, time and users. It also ensures that data is safe from outside threats, human error and system failures. Proper backup and disaster recovery are pieces of this data protection strategy.
The Global Next-Generation Data Storage market presents a comprehensive analysis of the Next-Generation Data Storage market by product type (Direct-Attached Storage, Network-Attached Storage (NAS), Cloud Storage, Unified Storage, Storage Area Network (SAN), Software-Defined Storage (SDS) and Others), by end-user/application (BFSI, Telecom & IT, Healthcare, Energy, Government, Education & Research and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Manufacturers profiled in the report are Dell EMC Corporation (United States), HP (United States), Western Digital (United States), IBM (United States), Toshiba Corporation (Japan), Hitachi Data Systems (United States), Micron Technology (United States), Hewlett-Packard Development Company (United States), Seagate (United States), Avago Technologies (United States), CA Technologies (United States) and Nutanix (United States). Additionally, other players that are part of this comprehensive study are NetApp (United States), Kingston (United States), Intel (United States), Cisco (United States), Pure Storage (United States), Tintri (United States) and Simplivity Corp (United States).
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Dell EMC Corporation (United States), HP (United States), Western Digital (United States), IBM (United States), Toshiba Corporation (Japan), Hitachi Data Systems (United States), Micron Technology (United States), Hewlett-Packard Development Company (United States), Seagate (United States), Avago Technologies (United States), CA Technologies (United States) and Nutanix (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Trend towards New-Fashioned Storage Technologies and Application of DNA Storage Systems Might be Limited to Data Storage in Large and Static Archival Systems
Market Growth Drivers:
Increasing Human interactions and dependencies with Digital and Social Media and Growing Need for Storage Space by Enterprises
Challenges:
Increase in their storage capacity, their reliability and long term retention capabilities begin to seriously decline
Restraints:
Lack of Security and Less Structured Data
Opportunities:
Technology Development of Optical Disks, and Hard Disk Drives (HDD) and Increasing Technology in SSD Flash Memories
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Next-Generation Data Storage industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest.
The Storage Technology , such as Hard Disk Drive, is boosting the Next-Generation Data Storage market and is anticipated to experience a steady growth during the forecast period.
The Architecture, such as File-Based, is boosting the Next-Generation Data Storage market and is anticipated to experience a steady growth during the forecast period.
The providers of the data storage market continue to focus on innovation and technological advancements in their products. Such developments coupled with competitive pricing are likely to assist in increasing market share over the forecast period. The key players are investing heavily in research & development to enhance their product quality and features to maintain their market presence in altering consumer buying preferences.
The regional segmentation covered in this report are:
South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)