Next-Gen Storage Storage Technology market will reach at USD 132.33 billion by 2032, Dell, Inc., HPE Company, Hitachi Ltd., IBM Corporation, NetApp, Inc., Nutanix, Inc., Oracle StorageTek, Pure Storage, Inc., Tintri, Inc., Toshiba Corp.

The next-generation data storage market is estimated to grow from USD 63.34 billion by 2021 to USD 132.33 billion by 2032 at a CAGR of 12.5%.

The major drivers for this market include the massive growth in digital data volume; proliferated use of smartphones, laptops, and tablets; growth of the IoT market; and increasing penetration of high-end cloud computing.
Market for network-attached storage to grow at fastest CAGR during forecast period
The next-generation data storage market for network-attached storage (NAS) is expected to grow at the highest CAGR during the forecast period. NAS devices offer cost-effective data storage solutions to organizations. Small businesses and medium-sized enterprises are gradually adapting to the cloud-based storage on NAS owing to their ease and beneficial features. The demand for storage devices that are attached to a given network and data accessibility from any connected device for multiple authenticated users via a network are driving the growth of the market for NAS.

Next-Gen Storage Storage Technology market competition by TOP Players are: Dell, Inc., HPE Company, Hitachi Ltd., IBM Corporation, NetApp, Inc., Nutanix, Inc., Oracle StorageTek, Pure Storage, Inc., Tintri, Inc., Toshiba Corp.

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The study categorizes the next-generation data storage market based on storage medium, storage architecture, storage system, end user, regional and global analysis.

By Storage Architecture
File and Object-based Storage (FOBS)
Block Storage
By Storage Medium
SSD
HDD
Tape
By Storage System
Direct Attached Storage (DAS)
Network Attached Storage (NAS)
Storage Area Network (SAN)
By End User
Enterprise
Government
Cloud Service Providers
Telecom

Proceeding further, the business intelligence report of Market incorporates segmentation studies including product and application categories, and Regional-level analysis of the top geographies. Moving to the market competitive scenario, product and service offering of the prominent organizations along with business strategies employed by them to maintain a strong hold in this marketplace are reviewed thoroughly.

Technique Insights
The Direct-Attached Storage (DAS) segment dominated the market for next-generation data storage in 2018, capturing more than 38% of the overall market share. The basic and simple architecture of DAS enables a variety of information accessibility features. For instance, any PC or laptop may directly access their own DAS or access information stored on DAS directly connected to storage servers over a network. Moreover, the low-cost of DAS technology makes it ideal for small- and medium-scale businesses. The rising number of small- and medium-scale businesses in emerging economies across Asia Pacific is likely to drive the DAS segment over the forecast period.

Technology Insights
The magnetic next-generation data storage segment, including devices such as Hard Disk Drive (HDD), magnetic tapes, RAM, and floppy disks, dominated the market in 2018, driven by the easy availability and lack of competitive rivalry in the segment. Although HDD's low prices play a key role in driving their demand, the segment is likely to witness a gradual decline in market share through the forecast period owing to the emergence of improved mediums for storing information. The Solid State Drive (SSD) segment is estimated to emerge as one of the fastest-growing next-generation data storage technology, supported by safer data encryption and storage using electronic chips instead of magnetic strips. An elongated lifespan, low noise & heat production, high operational speed, and low power consumption are also expected to drive the demand for SSDs in the near future.

Magnetic and SSD technologies have a notable difference in terms of price and performance. While magnetic storage is considered as the most convenient in terms of capacity, it fares low in terms of performance. On the other hand, the SSD technology features fast performance but low capacities. A hybrid array is a type of storage technology that aims to bridge the gap between these two. With the growing demand for efficiency and performance across complex enterprise applications, such as big data, IoT, and artificial intelligence technologies, the hybrid flash array technology is likely to witness promising growth opportunities.

End-User Insights
On the basis of end-user, the market for next-generation data storage is segmented into home and business. The business end-user segment, accounting for the dominant share in the market in 2018, is further segmented into banking, financial services and insurance (BFSI), retail, healthcare, government bodies, telecom companies, cloud service providers, and others. Of these, the healthcare segment accounted for the largest share in the market for next-generation data storage in 2018 and is anticipated to retain its leading position throughout the forecast period. Data storage in the healthcare industry has undergone a paradigm shift in the last few years, from conventional digital data storage to the utilization of cloud space for storing important patient and business information pertaining to a variety of procedures, operations, and services. The rising application of hybrid cloud in the healthcare industry is anticipated to be a major growth driver for the healthcare segment in the foreseeable future.

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The market share (by revenue) for the public players will be based on the information available in the public domain, and for the private players, such information will be provided on best effort basis, which will entirely be based on primary interviews and latest developments of the companies

On the basis of product, the Next-Gen Storage Storage Technology market research displays the revenue, price, market share and growth rate of each type, primarily split into,

Network-attached Storage, Direct-attached Storage, Cloud Storage, Unified Storage, Storage Area Network, Software-defined Storage.

On the basis of the end users, the Next-Gen Storage Storage Technology market research focuses on the status and outlook for major applications, consumption (sales), market share and growth rate for each application, including

BFSI, Retail, IT & Telecommunication, Healthcare, Government, Education, Media & Entertainment, Others

The market report primarily will help you to realize and find out the most forbidding and upsetting driving powers of Next-Gen Storage Storage Technologyin marketplace with anticipating the consequences on the worldwide industry.

This Next-Gen Storage Storage Technology market report studies the top producers and consumers, focuses on product capacity, value, consumption, market share and growth opportunity in these key regions, covering

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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