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Next Generation Data Storage Technology Market Analysis, Key Trends, Growth Opportunities, Challenges and Key Players by 2032

02-15-2023 09:34 AM CET | IT, New Media & Software

Press release from: Analytics Market Research

Next Generation Data Storage Technology Market

Next Generation Data Storage Technology Market

Next Generation Data Storage Technology Market was valued at USD 68.98 billion in 2021 and is expected to reach USD 134.45 billion by 2029, registering a CAGR of 8.70% during the forecast period of 2022-2029.

Next-generation data storage technology includes technologically advanced data storage devices and solutions for dealing with growing file sizes and massive amounts of unstructured data. Next-generation data storage technology securely maintains enormous amounts of data while also enabling cost-effective, dependable, secure, and quick data recovery. It has also enabled scalable storage and manipulation of massive amounts of data created by large corporations.
Next Generation Storage Technology (NGST) is a cutting-edge technology that addresses the growing need for improved data storage and management across a variety of industry verticals, including banking, financial services, insurance (BFSI), retail, information technology and telecommunications (IT&T), government, healthcare, manufacturing, and others. Reduced prices for solid-state drives, more functionality, other cost-effective features of solid-state technology, and extended life lifetime of storage devices are expected to stimulate growth in the market for next generation storage devices. Furthermore, cloud storage is growing popularity among global organisations due to its low cost of implementation and ease of access. Furthermore, the cloud provides complete ownership of the storage space and may be accessed from faraway locations.

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Global Next Generation Data Storage Technology Market: Major Players
Drobo Inc.
Hitachi Ltd.
Pure Storage
Tintri Inc.
VMware Inc.
Western Digital Corporation
Netapp Inc.
Samsung Group
Cloudian Inc.
Quantum Corporation
Toshiba Corporation
Scality
IBM Corporation
HP Enterprise
Dell Inc.
Inspur Group
NETGEAR Inc.
Nutanix Inc.
Nexenta Systems Inc.
Micron Technology Inc.

Global Next Generation Data Storage Technology Market: By Types
Direct-Attached Storage
Network-Attached Storage
Storage Area Network
Others

Global Next Generation Data Storage Technology Market: By Applications
BFSI
Government
Retail
IT and Telecommunication
Manufacturing
Healthcare
Education
Media and Entertainment
Others

Global Next Generation Data Storage Technology Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Next Generation Data Storage Technology market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Reasons to Purchase this Market Report:
• The competitive environment includes the proportions of important players, recent innovations, and strategy.
• Companies with extensive product offerings, pertinent financial data, recent advancements, SWOT analyses, and player tactics.
• Quantitative, qualitative, value (in USD million), and volume (in units million) data are among the segments and sub-segments.
• The research contains a wealth of data, including market dynamics and opportunities throughout the forecast period.
• Data at the regional, sub-regional, and national levels also provides information on the market's supply and demand dynamics.

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Frequently Asked Questions About This Report
• How big is the Market?
• What is the Market growth?
• Which segment accounted for the largest Market share?
• Who are the key companies/players in the Market?
• What are the factors driving the Market?
• How has the Covid-19 pandemic affected the Market?
• What is the leading solution segment in the Market?
• What is the leading deployment segment in the Market?
• Which enterprise segment accounted for the largest revenue share in the Market?

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About US:
Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

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