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THE GLOBAL NEXT GENERATION DATA STORAGE MARKET WAS VALUED AT USD 65.85 BILLION IN 2017 AND IS PROJECTED TO REACH USD 223.04 BILLION BY 2025, GROWING AT A CAGR OF 16.5% FROM 2018 TO 2025 AND TOP KEY PLAYERS ARE DELL INC., AVAGO TECHNOLOGIES, EMC CORPORATIO
According to Verified Market Research, the global Next Generation Data Storage Market was valued at USD 65.85 Billion in 2017 and is projected to reach USD 223.04 Billion by 2025, growing at a CAGR of 16.5% from 2018 to 2025.
Next generation data storage technology comprises of all the technologically advanced data storage products and solutions that are used to deal with increasing file sizes and huge amount of unstructured data. This storage technology helps in managing large data securely and also enables reliable, secure and fast recovery of data in a cost-efficient manner. Next generation data storage technology has allowed scalable storage and handling of large data generated by big enterprises. Rising need for improved data storage and management across various industry verticals have stimulated the growth of next generation data storage market.
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Global Next Generation Data Storage Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.Growing volume of digital data, rising proliferation of smart devices and growing iot market have been driving the global next generation data storage market. On the other hand, Lacking Data Security in Cloud & Server-Based Services and less Structured Data might hamper the overall market at a global level.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Next Generation Data Storage Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Next Generation Data Storage Market Competitive Landscape
The “Global Next Generation Data Storage Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Dell Inc., Avago Technologies, EMC Corporation, Hewlett-Packard Development Company, L.P., HGST, Inc., Hitachi Data Systems, IBM Corporation, NetApp, Inc., Avago Technologies, Drobo, Inc. and Micron Technology Corporation.. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
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Global Next Generation Data Storage Market Segmentation, by Storage System
• Direct-Attached Storage
• Network-Attached storage
• Cloud Storage
• Unified Storage
• Storage Area Network
• Software-Defined Storage
Global Next Generation Data Storage Market Segmentation, by Storage Architecture
• File- and Object-based Storage
o File storage
o Object storage
• Block Storage
Global Next Generation Data Storage Market Segmentation, by Application
• Magnetic Storage
o Hard disk
o Magnetic tape
• Solid-State Storage
o All-flash arrays
o Hybrid flash arrays
• Others
Global Next Generation Data Storage Market Segmentation, by End user
• BFSI
• Consumer Goods & Retail
• Telecommunications & ITES
• Healthcare
• Manufacturing
• Business & Consulting
• Others
Global Next Generation Data Storage Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
• Rest of the World
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About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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