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Next-Generation Data Storage Market Projected to reach $102.2 billion by 2024 | Key players include Dell Inc., NetApp, Inc., Toshiba Corporation and Hewlett Packard Enterprise Company
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Browse 91 market data Tables and 58 Figures spread through 179 Pages and in-depth TOC on "Next-Generation Data Storage Market – Global Forecast to 2024"
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Storage area network to hold largest share of next-generation data storage market during forecast period
Storage area network is expected to hold the largest share of the next-generation data storage market during 2019–2024. As an increasing number of companies have started utilizing cloud-based services to store their data with the use of virtual servers, companies aim to expand their storage capacities beyond existing infrastructural capabilities. SAN technology is widely used by cloud technology creators due to its ability to connect large numbers of servers to storage devices.
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Growing data generation by large enterprises is expected to drive the market for File- and object-based storage architecture
File- and object-based storage (FOBS) is expected to hold the largest share of the next-generation data storage market during 2019–2024. Rapidly growing data generation by large enterprises is leading to an increased need for FOBS to manage those huge volumes of data. These huge volumes of structured and unstructured data, including photos, videos, audio files, and other media, are generating considerable market opportunities for file-and object-based storage market players.
North America to hold largest size of next-generation data storage market during forecast period due to rapid technological advancements in the region
North America is expected to account for the largest share of the market by 2019. The increasing volume of unstructured data across various industries and rapid technological advancements have led to an increased demand for the secure, reliable, and cost-efficient storage infrastructure in North America. The region, being the early adopter of advanced data storage technologies, captures the largest share of the next-generation data storage market.
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The companies profiled in this report are Hewlett Packard Enterprise Company (US), Dell Inc. (US), NetApp, Inc. (US), Hitachi, Ltd. (Japan), and International Business Machines Corporation (US), Toshiba Corporation (Japan), Pure Storage, Inc. (US), Nutanix, Inc. (US), Scality (US), Micron Technology, Inc. (US), Tintri, Inc. (US), Cloudian, Inc. (US), Drobo, Inc. (US), Quantum Corporation (US), Western Digital Corporation (US), Samsung Electronics (South Korea), Fujitsu Ltd. (Japan), VMware, Inc. (US), Nexenta Systems, Inc. (US), and Netgear Inc. (US), and Inspur (China).
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