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Global Next-Generation Data Storage Market (2021-2026) by Storage Architecture, Storage Medium, Storage System, End User, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 183 Pages
  • November 2021
  • Region: Global
  • Infogence Global Research
  • ID: 5515441
The Global Next-Generation Data Storage Market is estimated to be USD 60.1 Bn in 2021 and is expected to reach USD 87.49 Bn by 2026, growing at a CAGR of 7.8%.

Market Dynamics

Next-generation data storage encompasses sophisticated data storage technologies and solutions to deal with increasing file sizes and enormous amounts of unstructured data. Next-generation data storage technology devices safely manage massive amounts of data and provide secure, dependable, and quick data recovery at a low cost. Because of the enormous volume of data created in their operations, end-user industries such as BFSI, healthcare, IT, and telecom are desperate to need next-generation storage systems.

As the number of internet users grows, so does the volume of digital data created by digital platforms such as digital payments, websites, media & entertainment, IoT devices, and Artificial Intelligence (AI). As a result of this rise, there is a greater demand for next-generation data storage. It helps businesses to store data and construct databases, as well as evaluate future business data. Furthermore, it prevents data corruption and loss and allows for speedier data recovery. The rapid adoption of AI in several countries has resulted in a massive increase in digital data generated from bank customer service, robotics in manufacturing facilities and home automation, and enterprise decision-making, driving up demand for high data storage capacity. These reasons have contributed to an increase in demand for next-generation data storage.

One of the significant worries among marketers is data security breaches. However, a data security breach in the cloud and server stymies worldwide industry growth. A high level of data security is necessary to deal with such a problem.

Market Segmentation

The Global Next-Generation Data Storage Market is segmented further based on Storage Architecture, Storage Medium, Storage System, End User, and Geography.

By Storage Architecture, the market is classified into File and Object-based Storage (FOBS) and Block Storage.

By Storage Medium, the market is classified into SSD, HDD, and Tape.

By Storage System, the market is classified into Direct Attached Storage (DAS), Network, and Attached Storage (NAS).

By End User, the market is classified into Government, Cloud Service Providers, and Telecom.

By Geography, North America is projected to lead the market.

Recent Developments

1. Hitachi Acquires GlobalLogic-31st Mar 2021
2. NetApp Acquires Data Mechanics-5th Oct 2021

Company Profiles

Some of the companies covered in this report are Dell Technologies, Fujitsu Limited, Micron Technology, NetApp, Nexenta Systems, Quantum Corporation, Veritas, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Next-Generation Data Storage Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Next-Generation Data Storage Market

What is the estimated value of the Global Next-Generation Data Storage Market?

The Global Next-Generation Data Storage Market was estimated to be valued at $60100 Million in 2021.

What is the growth rate of the Global Next-Generation Data Storage Market?

The growth rate of the Global Next-Generation Data Storage Market is 7.8%, with an estimated value of $87490 Million by 2026.

What is the forecasted size of the Global Next-Generation Data Storage Market?

The Global Next-Generation Data Storage Market is estimated to be worth $87490 Million by 2026.

Who are the key companies in the Global Next-Generation Data Storage Market?

Key companies in the Global Next-Generation Data Storage Market include Cloudian, Dell Technologies, Drobo, Fujitsu, Hewlett Packard Enterprise (HPE), Hitachi Vantara Corporation, Huawei, Technologies, IBM and Inspur International.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Increase Development of Digital Data Storage
4.1.2 Solid-State Devices are Becoming Popular
4.1.3 Increasing Usage of Smartphones, Laptops, and Tablets for Storage
4.2 Restraints
4.2.1 Data Security Flaws in Cloud and Server-Based Services
4.2.2 Data that is Less Structured
4.3 Opportunities
4.3.1 Data Analytics is Becoming Increasingly Important
4.3.2 R&D Funding for Development of Advanced Technologies
4.4 Challenges
4.4.1 High Cost Associated with Data Storage
4.4.2 Scalability Issues
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Next-Generation Data Storage Market, By Storage Architecture
6.1 Introduction
6.2 File and Object-based Storage (FOBS)
6.3 Block Storage
7 Global Next-Generation Data Storage Market, By Storage Medium
7.1 Introduction Global
7.2 SSD
7.3 HDD
7.4 Tape
8 Global Next-Generation Data Storage Market, By Storage System
8.1 Introduction
8.2 Direct Attached Storage (DAS)
8.3 Network Attached Storage (NAS)
8.4 Storage Area Network (SAN)
9 Global Next-Generation Data Storage Market, By End User
9.1 Introduction
9.2 Enterprise
9.3 Government
9.4 Cloud Service Providers
9.5 Telecom
10 Global Next-Generation Data Storage Market, By Geography
10.1 Introduction
10.2 America
10.2.1 Argentina
10.2.2 Brazil
10.2.3 Canada
10.2.4 Chile
10.2.5 Colombia
10.2.6 Mexico
10.2.7 Peru
10.2.8 United States
10.2.9 Rest of Americas
10.3 Europe
10.3.1 Austria
10.3.2 Belgium
10.3.3 Denmark
10.3.4 Finland
10.3.5 France
10.3.6 Germany
10.3.7 Italy
10.3.8 Netherlands
10.3.9 Norway
10.3.10 Poland
10.3.11 Russia
10.3.12 Spain
10.3.13 Sweden
10.3.14 Switzerland
10.3.15 United Kingdom
10.3.16 Rest of Europe
10.4 Middle East and Africa
10.4.1 Egypt
10.4.2 Israel
10.4.3 Qatar
10.4.4 Saudi Arabia
10.4.5 South Africa
10.4.6 United Arab Emirates
10.4.7 Rest of MEA
10.5 Asia-Pacific
10.5.1 Australia
10.5.2 Bangladesh
10.5.3 China
10.5.4 India
10.5.5 Indonesia
10.5.6 Japan
10.5.7 Malaysia
10.5.8 Philippines
10.5.9 Singapore
10.5.10 South Korea
10.5.11 Sri Lanka
10.5.12 Thailand
10.5.13 Taiwan
10.5.14 Rest of Asia-Pacific
11 Competitive Landscape
11.1 Competitive Quadrant
11.2 Market Share Analysis
11.3 Strategic Initiatives
11.3.1 M&A and Investments
11.3.2 Partnerships and Collaborations
11.3.3 Product Developments and Improvements
12 Company Profiles
12.1 Cloudian
12.2 Dell Technologies
12.3 Drobo
12.4 Fujitsu
12.5 Hewlett Packard Enterprise (HPE)
12.6 Hitachi Vantara Corporation
12.7 Huawei, Technologies
12.8 IBM
12.9 Infinidat
12.10 Inspur International
12.11 Micron Technology
12.12 NetApp
12.13 Netgear
12.14 Nexenta Systems
12.15 Nutanix
12.16 Pure Storage
12.17 Quantum
12.18 Samsung Electronics
12.19 SanDisk
12.20 Scality
12.21 Tintri
12.22 Toshiba
12.23 Veritas
12.24 VMWARE
12.25 Western Digital
13 Appendix
13.1 Questionnaire

Companies Mentioned

  • Cloudian
  • Dell Technologies
  • Drobo
  • Fujitsu
  • Hewlett Packard Enterprise (HPE)
  • Hitachi Vantara Corporation
  • Huawei, Technologies
  • IBM
  • Infinidat
  • Inspur International
  • Micron Technology
  • NetApp
  • Netgear
  • Nexenta Systems
  • Nutanix
  • Pure Storage
  • Quantum
  • Samsung Electronics
  • SanDisk
  • Scality
  • Tintri
  • Toshiba
  • Veritas
  • Western Digital