Market Overview:
The global next-generation data storage market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for big data and cloud storage solutions, growing need for data security and compliance, and rising trend of BYOD (Bring Your Own Device). The file storage segment is expected to hold the largest share of the global next-generation data storage market in 2018. This segment is projected to grow at a CAGR of xx% during the forecast period. The large enterprises segment is expected to grow at a higher rate than the small and medium enterprises (SMEs) segment during the forecast period. North America accounted for the largest share of the global next-generation data storage market in 2017, followed by Europe and Asia Pacific. However, Asia Pacific is projected to grow at a higher rate than North America duringthe forecast period.
Product Definition:
Next-generation data storage is a technology that allows organizations to store and manage ever-growing amounts of data. It does this by using a combination of techniques, including deduplication, compression and thin provisioning. Next-generation data storage helps organizations keep pace with the growth of big data, cloud computing and other trends that are generating more data than ever before.
File Storage:
The global file storage, usage and growth factor in the next-generation data storage market is expected to witness significant growth over the forecast period. The primary factors driving this market are increasing demand for cloud-based solutions and growing adoption of social media. Cloud computing has resulted in increased demand for virtualization which is further expected to drive the industry over the forecast period.
Object Storage:
In the age of digitalization, businesses are focusing on transforming their traditional data storage into a virtualized and cloud-based environment. This transformation is aimed at improving business agility by allowing organizations to move rapidly from one application to another. The growing need for storing large amounts of data in an efficient manner has led to the emergence of object storage services.
The object storage service offers reliable low-cost access to any device or person with secure online access through mobile apps or websites.
Application Insights:
The large enterprises segment dominated the global next-generation data storage market in 2017, accounting for over 60% of the overall revenue share. The segment is expected to continue its dominance over the forecast period owing to factors such as high demand from public and private clouds, increasing need for data protection and growth in digital transformation initiatives.
The SMEs' application segment is projected to witness significant growth during the forecast period owing to rising adoption of cloud services by small businesses due to their ease of use and cost-effectiveness. Furthermore, growing penetration of smartphones has also allowed small businesses with limited IT resources access to a wide range of applications that were previously available only through internet cafes or personal computers which has boosted their interest in online storage solutions such as Dropbox or Google Drive. This trend is expected drive demand for next-generation data storage solutions among SMEs worldwide.
Regional Analysis:
The North American regional market dominated the global next-generation data storage market in 2016. The growth can be attributed to factors such as the presence of major industry players, technological advancements, and high demand for cloud-based solutions among SMEs. Moreover, increasing government initiatives to encourage digitalization are also expected to drive the adoption of next-generation data storage technologies in this region. For instance, according to a white paper published by Federal Communications Commission (FCC), every household in U.
Growth Factors:
- Increasing demand for big data storage and analytics: The volume of data being generated is increasing at an alarming rate due to the proliferation of smart devices and the Internet of Things (IoT). This is resulting in a huge demand for next-generation data storage solutions that can handle large volumes of data quickly and efficiently.
- Emergence of new storage technologies: Next-generation data storage solutions are being powered by new technologies such as artificial intelligence, machine learning, blockchain, and 5G networking. These technologies are helping to improve the performance, scalability, and security of next-generation data storage solutions.
- Growing popularity of cloud computing: Cloud computing is becoming increasingly popular due to its ability to provide on-demand access to resources such as compute power, memory, and disk space. This is driving demand for next-generation cloud storage solutions that can provide high performance and scalability.
- Rapid growth in enterprise spending on IT infrastructure: Enterprises are investing heavily in new IT infrastructure projects in order to keep up with the growing demands of their businesses. This is fueling demand for next-generation data center equipment such as servers, switches, and routers.,,,5
Scope Of The Report
Report Attributes
Report Details
Report Title
Next-Generation Data Storage Market Research Report
By Type
File Storage, Object Storage, Block Storage
By Application
Small and Medium Enterprises (SMEs), Large enterprises
By Companies
Dell, HPE, NetApp, IBM, Hitachi, Toshiba, Pure Storage, Nutanix, Tintri, Simplivity, Scality
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Next-Generation Data Storage Market Report Segments:
The global Next-Generation Data Storage market is segmented on the basis of:
Types
File Storage, Object Storage, Block Storage
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small and Medium Enterprises (SMEs), Large enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dell
- HPE
- NetApp
- IBM
- Hitachi
- Toshiba
- Pure Storage
- Nutanix
- Tintri
- Simplivity
- Scality
Highlights of The Next-Generation Data Storage Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- File Storage
- Object Storage
- Block Storage
- By Application:
- Small and Medium Enterprises (SMEs)
- Large enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Next-Generation Data Storage Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Next-generation data storage is a term used to describe technologies that are expected to replace traditional storage solutions in the future. These technologies include artificial intelligence, quantum computing, and blockchain.
Some of the major players in the next-generation data storage market are Dell, HPE, NetApp, IBM, Hitachi, Toshiba, Pure Storage, Nutanix, Tintri, Simplivity, Scality.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Next-Generation Data Storage Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Next-Generation Data Storage Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Next-Generation Data Storage Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Next-Generation Data Storage Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Next-Generation Data Storage Market Size & Forecast, 2020-2028
4.5.1 Next-Generation Data Storage Market Size and Y-o-Y Growth
4.5.2 Next-Generation Data Storage Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 File Storage
5.2.2 Object Storage
5.2.3 Block Storage
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Small and Medium Enterprises (SMEs)
6.2.2 Large enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Next-Generation Data Storage Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Next-Generation Data Storage Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 File Storage
9.6.2 Object Storage
9.6.3 Block Storage
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Small and Medium Enterprises (SMEs)
9.10.2 Large enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 File Storage
10.6.2 Object Storage
10.6.3 Block Storage
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Small and Medium Enterprises (SMEs)
10.10.2 Large enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 File Storage
11.6.2 Object Storage
11.6.3 Block Storage
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Small and Medium Enterprises (SMEs)
11.10.2 Large enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 File Storage
12.6.2 Object Storage
12.6.3 Block Storage
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Small and Medium Enterprises (SMEs)
12.10.2 Large enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 File Storage
13.6.2 Object Storage
13.6.3 Block Storage
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Small and Medium Enterprises (SMEs)
13.10.2 Large enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Next-Generation Data Storage Market: Competitive Dashboard
14.2 Global Next-Generation Data Storage Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dell
14.3.2 HPE
14.3.3 NetApp
14.3.4 IBM
14.3.5 Hitachi
14.3.6 Toshiba
14.3.7 Pure Storage
14.3.8 Nutanix
14.3.9 Tintri
14.3.10 Simplivity
14.3.11 Scality
