Market Overview:
The global next generation storage devices 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 data storage, rising need for faster access to data, and growing trend of cloud-based storage. Based on type, the global next generation storage devices market is segmented into magnetic storage, solid-state storage, cloud-based storage, and hybrid array. Magnetic Storage is further sub-segmented into hard disk drives (HDDs) and solid state drives (SSDs). Solid state Storage is further sub-segmented into NAND flash memory and NOR flash memory. Cloud based Storage is further sub segmented into public cloud services and private cloud services.
Product Definition:
Next Generation Storage Devices are devices that store data using NAND flash memory. They are often marketed as SSDs, or Solid State Drives. Next Generation Storage Devices offer many advantages over traditional spinning hard drives, including faster read and write speeds, lower power consumption, and greater durability.
Magnetic Storage:
Magnetic storage is a technology that uses magnetic properties for storing information using various recording techniques. The most common form of magnetic storage includes computer hard disk drives and audio and video tapes. Magnetic storage has been the primary source of data recovery from damaged or defective media since their introduction.
Solid-state Storage:
Solid-state storage (SSS) is a non-volatile memory technology that uses integrated circuits, also known as NAND flash for storing digital data. SSS has no mechanical components and hence provides higher reliability, performance and energy efficiency. The solid-state drive (SSD) utilizes the concept of charge trap flash in which floating gate transistors control the flow of electric charges from one side to another side through channel programmed by software or hardware.
Application Insights:
The BFSI application segment accounted for the largest revenue share in 2016 and is projected to continue leading over the forecast period. The rising adoption of cloud storage among financial institutions to store transaction data, customer information, and other sensitive materials is expected to drive demand over the next eight years.
The IT & telecommunication sector followed closely behind with a significant revenue share of 19.1% in 2016. The growth can be attributed to increasing usage of Next Gen Storage devices by IT companies and service providers for storing huge volumes of data generated through cyber-attacks, online transactions, social media interactions etcetera which need long-term retention policies or will have legal implications if deleted at random times. This has led these organizations towards adopting NGS devices as an alternative solution compared with tape solutions that were previously used by them for archiving purposes only.
Regional Analysis:
The North American regional market dominated the global next-generation storage devices market in 2016. The growth of this region can be attributed to the presence of major players such as Seagate Technology PLC; Western Digital Technologies, Inc.; and Toshiba Storage Devices Corporation. These companies are actively investing in research & development activities to develop advanced products for various applications such as data centers, cloud based services, and consumer electronics devices.
Asia Pacific is expected to emerge as a lucrative regional market over the forecast period owing to increasing adoption of cloud-based solutions by enterprises for storing data on Next Gen Storages (NGS). Furthermore, rising investments by governments in developing countries like China and India are driving demand from BFSI sector which stores financial information like credit card details etc., thereby boosting industry growth across APAC region.
Growth Factors:
- Increasing demand for data storage: The global data storage requirements are expected to grow at a CAGR of 31.5% from 2016 to 2020, reaching 8EB by 2020. This is primarily attributed to the growth in big data and IoT applications.
- Proliferation of cloud-based services: The proliferation of cloud-based services is resulting in an increase in the demand for storage capacity and bandwidth. This is driving the need for Next Generation Storage Devices that can provide high performance and scalability at lower costs.
- Emergence of new workloads: Next Generation Storage Devices are being increasingly adopted for new workloads such as artificial intelligence, machine learning, and big data analytics, which require higher performance and scalability than traditional workloads like ERP or CRM systems .
Scope Of The Report
Report Attributes
Report Details
Report Title
Next Generation Storage Devices Market Research Report
By Type
Magnetic Storage, Solid-state Storage, Cloud-based Storage, Hybrid Array
By Application
BFSI, Retail, IT & Telecommunication, Healthcare, Government, Education, Media & Entertainment, Others
By Companies
Dell, HPE, Hitachi, IBM, NetApp, Nutanix, Oracle StorageTek, Pure Storage, Tintri, Toshiba, Carbonite, NetApp, SugarSync, Dropbox, JustCloud, Norton, SpiderOak, OpenDrive, Adrive, Reduxio, AMI StorTrends, Tegile Systems, Idrive, Microsoft
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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Next Generation Storage Devices Market Report Segments:
The global Next Generation Storage Devices market is segmented on the basis of:
Types
Magnetic Storage, Solid-state Storage, Cloud-based Storage, Hybrid Array
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
BFSI, Retail, IT & Telecommunication, Healthcare, Government, Education, Media & Entertainment, Others
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
- Hitachi
- IBM
- NetApp
- Nutanix
- Oracle StorageTek
- Pure Storage
- Tintri
- Toshiba
- Carbonite
- NetApp
- SugarSync
- Dropbox
- JustCloud
- Norton
- SpiderOak
- OpenDrive
- Adrive
- Reduxio
- AMI StorTrends
- Tegile Systems
- Idrive
- Microsoft
Highlights of The Next Generation Storage Devices 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:
- Magnetic Storage
- Solid-state Storage
- Cloud-based Storage
- Hybrid Array
- By Application:
- BFSI
- Retail
- IT & Telecommunication
- Healthcare
- Government
- Education
- Media & Entertainment
- Others
- 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 Storage Devices 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.
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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 Storage Devices (NGSD) are a new type of storage devices that use flash-memory technology. They can be used to store data in a more reliable way than traditional hard drives, and they can also be faster and more energy-efficient.
Some of the key players operating in the next generation storage devices market are Dell, HPE, Hitachi, IBM, NetApp, Nutanix, Oracle StorageTek, Pure Storage, Tintri, Toshiba, Carbonite, NetApp, SugarSync, Dropbox, JustCloud, Norton, SpiderOak, OpenDrive, Adrive, Reduxio, AMI StorTrends, Tegile Systems, Idrive, Microsoft.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Next Generation Storage Devices 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 Storage Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Next Generation Storage Devices 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 Storage Devices 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 Storage Devices Market Size & Forecast, 2018-2028
4.5.1 Next Generation Storage Devices Market Size and Y-o-Y Growth
4.5.2 Next Generation Storage Devices Market Absolute $ Opportunity
Chapter 5 Global Next Generation Storage Devices 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 Next Generation Storage Devices Market Size Forecast by Type
5.2.1 Magnetic Storage
5.2.2 Solid-state Storage
5.2.3 Cloud-based Storage
5.2.4 Hybrid Array
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Next Generation Storage Devices 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 Next Generation Storage Devices Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Retail
6.2.3 IT & Telecommunication
6.2.4 Healthcare
6.2.5 Government
6.2.6 Education
6.2.7 Media & Entertainment
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Next Generation Storage Devices 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 Storage Devices 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 Next Generation Storage Devices Analysis and Forecast
9.1 Introduction
9.2 North America Next Generation Storage Devices 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 Next Generation Storage Devices Market Size Forecast by Type
9.6.1 Magnetic Storage
9.6.2 Solid-state Storage
9.6.3 Cloud-based Storage
9.6.4 Hybrid Array
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 Next Generation Storage Devices Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Retail
9.10.3 IT & Telecommunication
9.10.4 Healthcare
9.10.5 Government
9.10.6 Education
9.10.7 Media & Entertainment
9.10.8 Others
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 Next Generation Storage Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Next Generation Storage Devices 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 Next Generation Storage Devices Market Size Forecast by Type
10.6.1 Magnetic Storage
10.6.2 Solid-state Storage
10.6.3 Cloud-based Storage
10.6.4 Hybrid Array
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 Next Generation Storage Devices Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Retail
10.10.3 IT & Telecommunication
10.10.4 Healthcare
10.10.5 Government
10.10.6 Education
10.10.7 Media & Entertainment
10.10.8 Others
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 Next Generation Storage Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Next Generation Storage Devices 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 Next Generation Storage Devices Market Size Forecast by Type
11.6.1 Magnetic Storage
11.6.2 Solid-state Storage
11.6.3 Cloud-based Storage
11.6.4 Hybrid Array
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 Next Generation Storage Devices Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Retail
11.10.3 IT & Telecommunication
11.10.4 Healthcare
11.10.5 Government
11.10.6 Education
11.10.7 Media & Entertainment
11.10.8 Others
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 Next Generation Storage Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Next Generation Storage Devices 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 Next Generation Storage Devices Market Size Forecast by Type
12.6.1 Magnetic Storage
12.6.2 Solid-state Storage
12.6.3 Cloud-based Storage
12.6.4 Hybrid Array
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 Next Generation Storage Devices Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Retail
12.10.3 IT & Telecommunication
12.10.4 Healthcare
12.10.5 Government
12.10.6 Education
12.10.7 Media & Entertainment
12.10.8 Others
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) Next Generation Storage Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Next Generation Storage Devices 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) Next Generation Storage Devices Market Size Forecast by Type
13.6.1 Magnetic Storage
13.6.2 Solid-state Storage
13.6.3 Cloud-based Storage
13.6.4 Hybrid Array
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) Next Generation Storage Devices Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Retail
13.10.3 IT & Telecommunication
13.10.4 Healthcare
13.10.5 Government
13.10.6 Education
13.10.7 Media & Entertainment
13.10.8 Others
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 Storage Devices Market: Competitive Dashboard
14.2 Global Next Generation Storage Devices 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 Hitachi
14.3.4 IBM
14.3.5 NetApp
14.3.6 Nutanix
14.3.7 Oracle StorageTek
14.3.8 Pure Storage
14.3.9 Tintri
14.3.10 Toshiba
14.3.11 Carbonite
14.3.12 NetApp
14.3.13 SugarSync
14.3.14 Dropbox
14.3.15 JustCloud
14.3.16 Norton
14.3.17 SpiderOak
14.3.18 OpenDrive
14.3.19 Adrive
14.3.20 Reduxio
14.3.21 AMI StorTrends
14.3.22 Tegile Systems
14.3.23 Idrive
14.3.24 Microsoft
