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Next-Generation Data Storage Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 To 2028

  • ID: 5165450
  • Report
  • October 2020
  • Region: Global
  • 115 pages
  • Acute Market Reports

FEATURED COMPANIES

  • Cloudian Inc.
  • Hitachi Ltd.
  • Inspur Group
  • NETGEAR Inc.
  • Pure Storage
  • Scality
Rapid Growth in Unstructured Data to boost the Next-generation Data Storage Market Growth over the Forecast Period

The global next-generation data storage market was valued at US$ 59.21 Bn in the year 2019 and expected to reach US$ 173.67 Bn by the year 2027, expanding at a CAGR of 12.7% during the forecast from 2020 to 2028. Ever-growing unstructured data by the emergence of Big Data, artificial intelligence, and other breakthrough technologies have ushered the growth of next-generation data storage technologies. In addition, the growing adoption of cloud computing among small, medium, and large enterprises has forced the industry leaders to shift from traditional storage to advanced storage. However, some of the companies still have faith in traditional storage technologies such as hard disk drive and tape storage devices. As a result, the market for traditional storage devices has a precarious footprint in the global next-generation data storage market.

With the growing trend of cloud platforms and solid-state drives, cloud storage devices have now displaced the small tape market. On the contrary, large tape demand is expected to grapple with the cloud and solid-state storage technologies because of the increasing adoption of Linear Tape Open (LTO) technology by cloud service providers. LTO is widely used by large enterprises and cloud service providers that have high duty-cycle requirements.

Solid-State Drive Segment is expected to witness the highest CAGR during the forecast period

Solid-state drive storage technology is poised to witness the fastest growth over the forecast period. High durability, speed, and cost-effectiveness are some of the prime features guiding the rapid growth of the segment. Its increased use in consumer electronics and enterprise segment has also encouraged the market players to shift to the flash storage technology. Flash storage systems witnessed tremendous growth of nearly 55% in the first quarter of the year 2018 as compared to the first quarter of the year 2017.

In addition, other industry verticals such as healthcare and automobile industry are exploiting the benefits of advanced storage technologies. For instance, in June 2019, Renovo.Auto, an autonomous vehicle software vendor has announced a strategic alliance with Seagate Technology plc. to fuel its autonomous vehicle data management effort. On the counterpart, some of the players still believe strongly in the traditional tape and hard disk drive technology as they offer benefits of a high level of data integrity for a long time-period and low environmental footprint.

Asia Pacific witnesses the Highest Growth over the Forecast Period

The Asia Pacific is expected to witness the fastest growth during the forecast period. The regional growth is mainly attributed to rapid growth in social media subscribers and internet users. Additionally, the region is price sensitive and lucrative for the penetration of various industry verticals. As a consequence, a solid-state drive is more preferable storage technology in the Asia Pacific. China is the frontrunner in the Asia Pacific next-generation data storage market owing to rapid industrialization and significant investment on cloud computing. As of the year 2019, China’s cloud infrastructure spending reached US$ 10.7 Bn, a growth of 63.7% from the year 2018.

Key Players & Competitive Landscape:

The next-generation data generation market giants face tough competition from the startup players in the market as every player is continuously upgrading their product with advanced features and cost benefits to grab significant market share. IBM Corp., Western Digital Corp., NetApp Inc., Intel Corp., Toshiba Corp., and other tech giants are also upgrading their products to maintain a stable position in the market.

Some of the major market players listed in the global next-generation data storage market report include Dell Inc., IBM Corporation, Nutanix Inc., HP Enterprise, Toshiba Corporation, Scality, Samsung Group, Netapp Inc., Quantum Corporation, Hitachi Ltd., Pure Storage, Tintri Inc., Cloudian Inc., Inspur Group, VMware Inc., Micron Technology Inc., Western Digital Corporation, Drobo Inc., Nexenta Systems Inc., and NETGEAR Inc.

Historical & Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2018 to 2028, considering 2019 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2020 to 2028.

Key questions answered in this report
  • What was the global market size of next-generation data storage in 2018 & 2019?
  • What are the estimated forecast and market projections up to 2028?
  • Which is the largest regional market for next-generation data storage?
  • Which storage technology has the largest penetration in the next-generation data storage market?
  • Which is the most preferred storage architecture in next-generation data storage?
  • Which are the predominant trends shaping the global next-generation data storage market?
  • Which is the most promising, attractive, and less-explored region in the global next-generation data storage market?
  • Who are the leading vendors in the global next-generation data storage market?
  • What are the premiere strategies adopted by the leading vendors in the global next-generation data storage market?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Cloudian Inc.
  • Hitachi Ltd.
  • Inspur Group
  • NETGEAR Inc.
  • Pure Storage
  • Scality
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global NGDS Market
2.2. Global NGDS Market, by Storage System, 2019 (US$ Bn)
2.3. Global NGDS Market, by Storage Architecture, 2019 (US$ Bn)
2.4. Global NGDS Market, by Storage Technology, 2019 (US$ Bn)
2.5. Global NGDS Market, by Industry Verticals, 2019 (US$ Bn)
2.6. Global NGDS Market, by Geography, 2019 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global NGDS Market Value, 2018-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2019
3.4. Market Positioning of Key Players, 2019
3.4.1. Major Strategies Adopted by Key Players

4. Global Next-generation Data Storage (NGDS) Market, by Storage System, 2018-2028 (US$ Bn)
4.1. Direct-Attached Storage
4.2. Network-Attached Storage
4.3. Storage Area Network
4.4. Others

5. Global Next-generation Data Storage (NGDS) Market, by Storage Architecture, 2018-2028 (US$ Bn)
5.1. File Storage
5.2. Object Storage
5.3. Block Storage

6. Global Next-generation Data Storage (NGDS) Market, by Storage Technology, 2018-2028 (US$ Bn)
6.1. Hard Disk Drive
6.2. Solid-State Drive
6.3. Tape
6.4. Optical

7. Global Next-generation Data Storage (NGDS) Market, by Industry Verticals, 2018-2028 (US$ Bn)
7.1. IT & Telecom
7.2. Government
7.3. Healthcare
7.4. BFSI
7.5. Retail
7.6. Media & Entertainment
7.7. Manufacturing
7.8. Others

8. North America Next-generation Data Storage (NGDS) Market Analysis, 2018-2028 (US$ Bn)
8.1. Overview
8.1.1. North America NGDS Market Value and Growth, 2018-2028, (US$ Bn)
8.2. North America NGDS Market Value, By Storage System, 2018-2028 (US$ Bn)
8.2.1. Direct-Attached Storage
8.2.2. Network-Attached Storage
8.2.3. Storage Area Network
8.2.4. Others
8.3. North America NGDS Market Value, By Storage Architecture, 2018-2028 (US$ Bn)
8.3.1. File Storage
8.3.2. Object Storage
8.3.3. Block Storage
8.4. North America NGDS Market Value, By Storage Technology, 2018-2028 (US$ Bn)
8.4.1. Hard Disk Drive
8.4.2. Solid-State Drive
8.4.3. Tape
8.4.4. Optical
8.5. North America NGDS Market Value, By Industry Verticals, 2018-2028 (US$ Bn)
8.5.1. IT & Telecom
8.5.2. Government
8.5.3. Healthcare
8.5.4. BFSI
8.5.5. Retail
8.5.6. Media & Entertainment
8.5.7. Manufacturing
8.5.8. Others
8.6. North America NGDS Market Value, By Country/ Region, 2018-2028 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America

9. Europe Next-generation Data Storage (NGDS) Market Analysis, 2018-2028 (US$ Bn)
9.1. Overview
9.1.1. Europe NGDS Market Value and Growth, 2018-2028, (US$ Bn)
9.2. Europe NGDS Market Value, By Storage System, 2018-2028 (US$ Bn)
9.2.1. Direct-Attached Storage
9.2.2. Network-Attached Storage
9.2.3. Storage Area Network
9.3. Europe NGDS Market Value, By Storage Architecture, 2018-2028 (US$ Bn)
9.3.1. File Storage
9.3.2. Object Storage
9.3.3. Block Storage
9.4. Europe NGDS Market Value, By Storage Technology, 2018-2028 (US$ Bn)
9.4.1. Hard Disk Drive
9.4.2. Solid-State Drive
9.4.3. Tape
9.4.4. Optical
9.5. Europe NGDS Market Value, By Industry Verticals, 2018-2028 (US$ Bn)
9.5.1. IT & Telecom
9.5.2. Government
9.5.3. Healthcare
9.5.4. BFSI
9.5.5. Retail
9.5.6. Media & Entertainment
9.5.7. Manufacturing
9.5.8. Others
9.6. Europe NGDS Market Value, By Country/ Region, 2018-2028 (US$ Bn)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe

10. Asia Pacific Next-generation Data Storage (NGDS) Market Analysis, 2018-2028 (US$ Bn)
10.1. Overview
10.1.1. Asia Pacific NGDS Market Value and Growth, 2018-2028, (US$ Bn)
10.2. Asia Pacific NGDS Market Value, By Storage System, 2018-2028 (US$ Bn)
10.2.1. Direct-Attached Storage
10.2.2. Network-Attached Storage
10.2.3. Storage Area Network
10.3. Asia Pacific NGDS Market Value, By Storage Architecture, 2018-2028 (US$ Bn)
10.3.1. File Storage
10.3.2. Object Storage
10.3.3. Block Storage
10.4. Asia Pacific NGDS Market Value, By Storage Technology, 2018-2028 (US$ Bn)
10.4.1. Hard Disk Drive
10.4.2. Solid-State Drive
10.4.3. Tape
10.4.4. Optical
10.5. Asia Pacific NGDS Market Value, By Industry Verticals, 2018-2028 (US$ Bn)
10.5.1. IT & Telecom
10.5.2. Government
10.5.3. Healthcare
10.5.4. BFSI
10.5.5. Retail
10.5.6. Media & Entertainment
10.5.7. Manufacturing
10.5.8. Others
10.6. Asia Pacific NGDS Market Value, By Country/ Region, 2018-2028 (US$ Bn)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific

11. Rest of the World Next-generation Data Storage (NGDS) Market Analysis, 2018-2028 (US$ Bn)
11.1. Overview
11.1.1. Rest of the World NGDS Market Value and Growth, 2018-2028, (US$ Bn)
11.2. Rest of the World NGDS Market Value, By Storage System, 2018-2028 (US$ Bn)
11.2.1. Direct-Attached Storage
11.2.2. Network-Attached Storage
11.2.3. Storage Area Network
11.3. Rest of the World NGDS Market Value, By Storage Architecture, 2018-2028 (US$ Bn)
11.3.1. File Storage
11.3.2. Object Storage
11.3.3. Block Storage
11.4. Rest of the World NGDS Market Value, By Storage Technology, 2018-2028 (US$ Bn)
11.4.1. Hard Disk Drive
11.4.2. Solid-State Drive
11.4.3. Tape
11.4.4. Optical
11.5. Rest of the World NGDS Market Value, By Industry Verticals, 2018-2028 (US$ Bn)
11.5.1. IT & Telecom
11.5.2. Government
11.5.3. Healthcare
11.5.4. BFSI
11.5.5. Retail
11.5.6. Media & Entertainment
11.5.7. Manufacturing
11.5.8. Others
11.6. Rest of the World NGDS Market Value, By Region, 2018-2028 (US$ Bn)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America

12. Company Profiles
12.1. Dell Inc.
12.2. IBM Corporation
12.3. Nutanix Inc.
12.4. HP Enterprise
12.5. Toshiba Corporation
12.6. Scality
12.7. Samsung Group
12.8. Netapp Inc.
12.9. Quantum Corporation
12.10. Hitachi Ltd.
12.11. Pure Storage
12.12. Tintri Inc.
12.13. Cloudian Inc.
12.14. Inspur Group
12.15. VMware Inc.
12.16. Micron Technology Inc.
12.17. Western Digital Corporation
12.18. Drobo Inc.
12.19. Nexenta Systems Inc.
12.20. NETGEAR Inc.
Note: Product cover images may vary from those shown
  • Dell Inc.
  • IBM Corporation
  • Nutanix Inc.
  • HP Enterprise
  • Toshiba Corporation
  • Scality
  • Samsung Group
  • Netapp Inc.
  • Quantum Corporation
  • Hitachi Ltd.
  • Pure Storage
  • Tintri Inc.
  • Cloudian Inc.
  • Inspur Group
  • VMware Inc.
  • Micron Technology Inc.
  • Western Digital Corporation
  • Drobo Inc.
  • Nexenta Systems Inc.
  • NETGEAR Inc.
Note: Product cover images may vary from those shown
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