Next Generation Data Storage Technologies Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_00130478
- Format: Electronic (PDF)
- Publish Type:
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 7.4 |
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The Next Generation Data Storage Technologies Market is poised for significant expansion, projected to achieve a Compound Annual Growth Rate (CAGR) of 6.82% between 2022 and 2032. The market's size is anticipated to surge by USD 28,560.93 million during this period. This growth is attributed to several factors, including the escalating demand for data storage solutions due to the proliferation of digital content, the need for high-performance and scalable storage solutions, and advancements in technologies like artificial intelligence (AI) and the Internet of Things (IoT). Next generation data storage technologies encompass a range of innovations that aim to address the challenges of managing and storing massive volumes of data efficiently.
Next Generation Data Storage Technologies Market Overview:
Drivers:
A key driver stimulating the growth of the next generation data storage technologies market is the explosion of digital content across various industries. With the advent of social media, streaming services, e-commerce, and cloud-based applications, the amount of data being generated and consumed is unprecedented. This surge in data consumption necessitates innovative storage solutions that can handle the massive data influx and enable fast access and retrieval.
Furthermore, businesses are increasingly looking for storage solutions that offer high-performance capabilities and scalability to accommodate future data growth. Next generation data storage technologies, such as solid-state drives (SSDs), non-volatile memory express (NVMe), and software-defined storage (SDS), provide the necessary speed and flexibility to meet these demands.
Trends:
An emerging trend in the next generation data storage technologies market is the integration of AI and machine learning (ML) into storage systems. AI-powered storage solutions can optimize data management, automate storage tiering, and predict potential failures, enhancing overall system efficiency and reliability. The ability to extract insights from vast amounts of data using AI also positions next generation data storage technologies as essential components of data-driven decision-making processes.
Additionally, the rise of edge computing and IoT applications is driving the need for decentralized and distributed storage solutions. Edge storage, which involves storing and processing data closer to its source, reduces latency and ensures faster data retrieval, making it a crucial aspect of next generation data storage strategies.
Restraints:
One of the challenges hindering the growth of the next generation data storage technologies market is the complexity and cost associated with implementing these advanced solutions. While these technologies offer significant benefits, their adoption can require infrastructure upgrades, training, and changes in data management practices. This initial investment and the learning curve can be deterrents for some organizations.
Furthermore, data security and privacy concerns are critical considerations when adopting new data storage technologies. Storing and managing sensitive data in advanced storage systems require robust security measures to prevent unauthorized access, data breaches, and compliance violations.
Next Generation Data Storage Technologies Market Segmentation By Technology:
The solid-state drives (SSD) segment is poised to experience substantial growth during the forecast period. SSDs offer significant advantages over traditional hard disk drives (HDD), including faster data access speeds, lower power consumption, and enhanced durability due to the absence of moving parts. As applications demand higher speeds and lower latencies, SSDs are becoming the go-to choice for organizations seeking high-performance storage solutions.
Next Generation Data Storage Technologies Market Segmentation By Storage System:
Software-defined storage (SDS) is anticipated to gain traction in the next generation data storage technologies market. SDS decouples storage management and control from physical storage hardware, providing greater flexibility, scalability, and cost-effectiveness. This technology aligns with the trend toward virtualization and cloud-based infrastructures, allowing organizations to optimize storage resource utilization and adapt to changing data storage requirements.
Regional Overview:
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The Asia-Pacific (APAC) region is projected to contribute significantly to the global next generation data storage technologies market's growth, expected to account for approximately 50% of the market share during the forecast period. APAC is home to numerous technology-driven economies and industries, including manufacturing, IT, and e-commerce. The region's rapid digitalization, increasing internet penetration, and the adoption of emerging technologies position it as a prime market for next generation data storage solutions.
The acceleration of data generation and the expansion of digital services during the COVID-19 pandemic underscored the importance of robust data storage capabilities. While the pandemic initially disrupted supply chains and slowed down technology adoption, the subsequent recovery and adaptation to new normalcy propelled the demand for efficient data storage solutions, driving market growth.
Next Generation Data Storage Technologies Market Customer Landscape:
The next generation data storage technologies market report delves into the customer landscape, exploring adoption trends, preferences, and decision-making criteria. This analysis equips businesses with insights to tailor their products and strategies to meet customer needs effectively and stand out in a competitive market.
Major Next Generation Data Storage Technologies Market Companies:
Industry players are actively pursuing strategic partnerships, mergers and acquisitions, and product innovations to strengthen their market presence.
Certainly, here are 20 prominent companies in the Next Generation Data Storage Technologies Market:
- Western Digital Corporation
- Seagate Technology PLC
- Intel Corporation
- Samsung Electronics Co. Ltd.
- Micron Technology Inc.
- Toshiba Corporation
- IBM Corporation
- NetApp Inc.
- Pure Storage Inc.
- Dell Technologies Inc.
- Hewlett Packard Enterprise (HPE)
- Hitachi Vantara Corporation
- Fujitsu Limited
- Quantum Corporation
- KIOXIA Corporation
- Nutanix Inc.
- Huawei Technologies Co. Ltd.
- Lenovo Group Limited
- Cohesity Inc.
- Datrium (Acquired by VMware)
Segment Overview:
The next generation data storage technologies market report provides revenue forecasts for different segments at global, regional, and country levels. It analyzes trends and growth opportunities from 2019 to 2032.
Technology Outlook (USD Million, 2019 - 2032):
- Solid-State Drives (SSD)
- Magnetic Storage
- Tape Storage
- Others
Storage System Outlook (USD Million, 2019 - 2032):
- Direct-Attached Storage (DAS)
- Network-Attached Storage (NAS)
- Storage Area Network (SAN)
- Cloud-Based Storage
- Software-Defined Storage (SDS)
Geography Outlook (USD Million, 2019 - 2032):
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- South America
- Brazil
- Argentina
- Chile
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
Key Benefits for Stakeholders
- Comprehensive Market Analysis- The study meticulously segments the market based on both economic and non-economic criteria, conducting both qualitative and quantitative analyses. This rigorous approach offers a deep understanding of various market segments and sub-segments.
- Accurate Market Valuation- Precise market values in USD Billion are furnished for each segment and sub-segment, facilitating stakeholders in making precise assessments of market opportunities.
- Identification of Growth Prospects- The report pinpoints regions and market segments poised for rapid expansion, as well as those with substantial market share potential. This assists stakeholders in making well-informed strategic decisions.
- Insightful Regional Analysis- The research explores regional factors influencing the market and scrutinizes product or service utilization in diverse geographical areas, enhancing comprehension of regional dynamics.
- Comprehensive Competitive Insight- The report encompasses critical data, including market share of leading players, recent service/product launches, collaborations, expansions, and acquisitions made by profiled companies in the last five years. This provides a holistic view of the competitive landscape.
- Detailed Company Profiles- In-depth profiles of key market participants encompass company overviews, business insights, product benchmarking, and SWOT analyses. This equips stakeholders with the means to evaluate the strengths and weaknesses of these entities.
- Future Market Outlook- The research furnishes an industry perspective on the present and future based on recent developments, enabling stakeholders to anticipate market trends and forthcoming changes.
- Thorough Market Examination- Porter’s five forces analysis is employed in the study to provide a comprehensive examination of the market from multiple angles, including competitive forces and market dynamics.
- Value Chain Insights- The research leverages the Value Chain concept to elucidate the market, offering insights into how products or services traverse the market ecosystem.
- Market Dynamics and Growth Prospects- The study presents current market dynamics and growth prospects for the foreseeable future, empowering stakeholders with invaluable information for strategic decision-making.
TABLE OF CONTENTS: GLOBAL Next Generation Data Storage Technologies MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Next Generation Data Storage Technologies MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Next Generation Data Storage Technologies Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Next Generation Data Storage Technologies MARKET BY Type INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. All Flash Arrays
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3. SDS
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.4. Holographic
5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 6. Next Generation Data Storage Technologies MARKET BY Solution INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Enterprise
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3. Big Data
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 7. Next Generation Data Storage Technologies MARKET REGIONAL OUTLOOK
7.1. Next Generation Data Storage Technologies Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Next Generation Data Storage Technologies Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.2. North America Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. Next Generation Data Storage Technologies Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Next Generation Data Storage Technologies Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Next Generation Data Storage Technologies Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.3. Europe Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Next Generation Data Storage Technologies Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Next Generation Data Storage Technologies Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.6.3. France Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Next Generation Data Storage Technologies Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K. Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Next Generation Data Storage Technologies Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Next Generation Data Storage Technologies Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Next Generation Data Storage Technologies Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Next Generation Data Storage Technologies Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Next Generation Data Storage Technologies Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Next Generation Data Storage Technologies Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Next Generation Data Storage Technologies Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America Next Generation Data Storage Technologies Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America Next Generation Data Storage Technologies Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. Dell Inc. (U.S.)
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. IBM Corporation (U.S)
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. VMware, Inc. (U.S.)
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. Hewlett-Packard Development Company (U.S.)
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. Sandisk Corporation (U.S.)
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. Micron Technology Inc. (U.S.)
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. Nutanix (U.S.)
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. NetApp, Inc. (U.S.)
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9. Toshiba Corporation (Japan)
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. Quantum Corporation (U.S.)
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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