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Next-Generation Data Storage Market in NAS Sector is Projected to Grow Substantially By 2025

12-13-2019 04:47 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Next-Generation Data Storage Market

Next-Generation Data Storage Market

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.

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. Cloud storage is also gaining importance in businesses, such as retail and healthcare, where data storage and retrieval is very important.

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Next-Generation Data Storage Market, By Type, 2014-2025 (USD Million)
• Direct Attached Storage (DAS)
• Network Attached Storage (NAS)
• Storage Area Network (SAN)
• Others
Next-Generation Data Storage Market, By Architecture, 2014-2025 (USD Million)
• File-based
• Object-based
• Block Storage
• Others

North America is anticipated to hold the largest market share in the next-generation data storage market. The rise in the amount of unstructured data across all sectors and speedy growth of technology have increased the demand for better storage solutions. Being an early adopter of advanced technologies, North America is capturing more and more data, which is eventually going to raise the demand for next-generation data storage devices. The presence of global players in the region and the demand for digital device have forced organizations to take measures for developing more efficient data storage devices.

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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.

Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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