Comprehensive Analysis on Next-Generation Data Storage Market | Dell, IBM, Nutanix, HP, Toshiba, Scality, Netapp, Quantum, Hitachi, Cloudian, Inspur, Vmware, Micron Technology, Western Digital, Fujitsu, and Netgear
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The increasing adoption of cloud storage and solid-state drivers will act as a driver for the next-generation data storage market. The solid-state driver is a technology that works on integrated circuit assembly, such as electronic chips, to store data digitally rather than on any magnetized material. It offers many advantages such as low noise, low heat production, fast operational speed, longer life, and less turnaround time. The increasing preference for cloud storage is growing due to its cost efficiency, global access, and easy deployment.
On the basis of type, the next-generation data storage market is divided into three types, Direct Attached Storage (DAS), Network Attached Storage, (NAS) and Storage Area Network (SAN). The NAS market is anticipated to grow substantially over the forecast period due to its cost-efficient data storage and accessibility from any connected device to multiple authorized users. SMEs are increasingly adopting the cloud-based storage system on the NAS facility due to the ease and beneficial features for the business.
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Asia Pacific is expected to grow at a significant rate in the next-generation data storage market due to vast and speedily increasing consumption of smartphone users. Another factor, which is driving this market, is the rise in low-cost tablets, wearables devices, and smartphones. As most of the regions are price sensitive, they offer extremely suitable condition for the adoption of next-generation data storage devices specifically solid-state drive. In addition, the growing demand for data storage in SMEs and government initiatives for multimillion-dollar technology investments in various business verticals will help the market to grow.
Some of the key players in the next-generation data storage market are Dell, IBM, Nutanix, HP, Toshiba, Scality, Samsung, Netapp, Quantum, Hitachi, Pure Storage, Tintri, Cloudian, Inspur, Vmware, Micron Technology, Western Digital, Drobo, Nexenta Systems, Fujitsu, and Netgear.
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