Industry Background:
The next-generation data storage is used to manage the large IT system, and the business environment. It is adopted by the various industries majorly from the banking and IT companies. With the development of cloud computing and smart technologies, this market is getting a boom in this industry. This market is growing at a CAGR of 12.9%.This growth is primarily driven by High Growth in Digital Data Volumes, Increase in Use of Smart Gadgets Such as Smartphones, Laptops, and Tablets and The Rise in Penetration of High-End Cloud Computing.
Globally, a noticeable market trend is evident Increase in Market Competition
. Major Players, such as Dell (United States), HPE (United States), Hitachi (Japan), IBM (United States), NetApp (United States), Nutanix (United States), Oracle StorageTek (United States), Pure Storage (United States), Tintri (United States) and Toshiba (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Nov 2019, Fujitsu announced an innovative and enhanced line-up of ETERNUS DX S5 hybrid storage systems. This platform is designed to support the new paradigms. It is considered as the next-generation storage systems. It is highly adopted in this digital age.
Market Drivers
- High Growth in Digital Data Volumes
- Increase in Use of Smart Gadgets Such as Smartphones, Laptops, and Tablets
- The Rise in Penetration of High-End Cloud Computing
Market Trend
- Increase in Market Competition
- Rise in Investment in Research a Development
Restraints
- The Rise in Concern Regarding Data Security in Cloud Storage
Opportunities
Growing Requirement for the Data Analytics and Increase in Adoption of Cloud Storage and Solid-State Drives
Challenges
Complexity in High-Speed Data Storage and High Cost Associated with Cloud-Based Storage System
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Next Generation Storage Devices Study Sheds Light on
The Next Generation Storage Devices Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Next Generation Storage Devices industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Next Generation Storage Devices industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.