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Next-Generation Data Storage Market 2023-2032: Strategic Developments, Global Trends, Industry Insights And Major Players | Samsung Electronics Co. Ltd., Dell Technologies Inc., Hitachi Ltd., Huawei Technologies Co. Ltd., The International Business Machin
Next-Generation Data Storage Market
The Business Research Company's Next-Generation Data Storage Global Market Report 2023 identifies surge in the use of mobile and smart devices as the major driver for the Next-Generation Data Storage Market's growth in the forecast period. Smart devices refer to electronic gadgets and parts that are connected to an intelligent system and are meant to be placed next to, on, or inside an organism. A surge in the use of mobile devices will increase the use of internet searches and social media, which ultimately increases the amount of data generated, thus increasing the demand for next-generation data storage to store this large amount of data.
The global next-generation data storage market is expected to grow from $72.54 billion in 2022 to $80.74 billion in 2023 at a compound annual growth rate (CAGR) of 11.30%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The next-generation data storage market is expected to reach $121.37 billion in 2027 at a CAGR of 10.73%.
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Major competitors in the Next-Generation Data Storage Market are Samsung Electronics Co. Ltd., Dell Technologies Inc., Hitachi Ltd., Huawei Technologies Co. Ltd., The International Business Machines Corporation, SK Hynix Inc., Broadcom Inc., Fujitsu Limited, Hewlett Packard Enterprise Company, Toshiba Corporation, Infineon Technologies AG, Western Digital Technologies Inc., Microchip Technology Inc., Inspur Group Co. Ltd., NetApp Inc., Pure Storage Inc., Nutanix Inc., Pure Storage Inc., Netgear Inc., Rambus Incorporated, DataDirect Networks, Everspin Technologies Inc, Cloudian Inc., Drobo Inc., Viking Technology, Avalanche Technology Inc., Spin Memory Inc., 4DS Memory Limited, and Nantero Inc.
A key trend in the Next-Generation Data Storage Market includes Product innovations. Companies operating in the next-generation data storage market are using advanced technologies to sustain their position in the market. For instance, in April 2021, IBM, a US-based IT services and IT consulting company launched IBM Spectrum Fusion as a brand-new, container-native software-defined storage (SDS) solution. It is planned to include Red Hat OpenShift so that businesses may deliver software-defined storage for cloud, edge, and containerized data centers, as well as environments for both virtual machines and containers.
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The Next-Generation Data Storage Market is segmented -
By Type: Direct Attached Storage (DAS), Network Attached Storage (NAS), Storage Area Network (SAN), Other Types
By Technology: Magnetic Storage, Hybrid Flash Array, Solid State Drive (SSD)
By Architecture: File-Based, Object-Based, Block Storage
By Deployment: On Premise, Cloud
By Industrial Vertical: BFSI, Government, Retail, IT And Telecommunication, Manufacturing, Healthcare, Education, Media And Entertainment
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Next-Generation Data Storage Market.
The Business Research Company's "Global Next-Generation Data Storage Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Next-Generation Data Storage Market Include:
1. Executive Summary
2. Next-Generation Data Storage Market Characteristics
3. Next-Generation Data Storage Market Trends And Strategies
4. Next-Generation Data Storage Market - Macro Economic Scenario
5. Next-Generation Data Storage Market Segmentation
……
32. Global Next-Generation Data Storage Market Competitive Benchmarking
33. Global Next-Generation Data Storage Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Next-Generation Data Storage Market
35. Next-Generation Data Storage Market Future Outlook and Potential Analysis
36. Appendix
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