Next-Generation Data Storage Market Size, Share, And Growth Report 2032
Next-Generation Data Storage Market By Storage Architecture (Block, File, and Object), By Storage Medium (Tape, Hard Disk Drive, and Solid State Drive), By Storage System (Storage Area Network, Network-Attached, and Direct-Attached), and By End-User (BFSI, Government, Retail, IT & Telecommunication, Manufacturing, Healthcare, Education, Media & Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 61.35 Billion | USD 140.45 Billion | 9.64% | 2023 |
Next-Generation Data Storage Market: Size
The global Next-Generation Data Storage market size was worth around USD 61.35 billion in 2023 and is predicted to grow to around USD 140.45 billion by 2032 with a compound annual growth rate (CAGR) of roughly 9.64% between 2024 and 2032.
The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Next-Generation Data Storage market on a global and regional level.
Next-Generation Data Storage Market: Overview
The major factor driving the next-generation data storage market globally is the rapidly escalating digital content dependency on numerous cloud storage platforms. The globally increasing number of cloud-based solutions is propelling the next-generation data storage market growth to a great extent. The worldwide adoption of cloud-based network-attached storage solutions is flourishing, as it can be accessed easily, irrespective of time and location. Cloud-based technologies can be utilized without any requirement of being physically installed on an organization's system. With an increase in the number of cloud-based solutions, the demand for storing large amounts of backup storage is also rising. Various other benefits that are propelling this market are built-in data resiliency, reduction in overall expenditure, elimination of legacy NAS systems refresh, and performance flexibility. However, the requirement of high-speed internet and the huge risk of data security may hamper the next-generation data storage market growth to some extent. The globally emerging need for improved data analytics is anticipated to result in lucrative market opportunities over the forthcoming years.
Next-Generation Data Storage Market: Segmentation
The next-generation data storage market is fragmented based on storage architecture, storage medium, storage system, and end-user.
Storage architecture segment includes block, file, and object storage.
By storage medium, the market is categorized into the tape, solid state drive, and hard disk drive.
On the basis of the storage system, the market is divided into storage area network, network-attached, and direct-attached.
The end-user segment of the market comprises media and entertainment, IT and telecommunication, government, healthcare, retail, manufacturing, education, BFSI, and others.
Next-Generation Data Storage Market: Report Scope
| Report Attributes | Report Details |
|---|---|
| Report Name | Next-Generation Data Storage Market |
| Market Size in 2023 | USD 61.35 Billion |
| Market Forecast in 2032 | USD 140.45 Billion |
| Growth Rate | CAGR of 9.64% |
| Number of Pages | 220 |
| Key Companies Covered | Dell, Hewlett Packard, Hitachi, NetApp, Quantum Corporation, International Business Corporation, Pure Storage, Sandisk Corporation, Fujitsu, Toshiba Corporation, Samsung Electronics, Inspur, Nexenta Systems, Netgear, VMware, Tintri, Nutanix, Micron Technology, Western Digital Corporation, Drobo, and Cloudian |
| Segments Covered | By storage architecture, By storage medium, By storage system, By end-user and By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2023 |
| Historical Year | 2018 to 2022 |
| Forecast Year | 2024 - 2032 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Next-Generation Data Storage Market: Regional Analysis
North America will hold a substantial share of the next-generation data storage market globally, owing to the early and rapid adoption of the latest technological advancements. The U.S. dominated the region and is projected to contribute significantly to both the global well regional market for next-generation data storage.
Next-Generation Data Storage Market: Competitive Players
Some renowned players of the next-generation data storage market are:
- Dell
- Hewlett Packard
- Hitachi
- NetApp
- Quantum Corporation
- International Business Corporation
- Pure Storage
- Sandisk Corporation
- Fujitsu
- Toshiba Corporation
- Samsung Electronics
- Inspur
- Nexenta Systems
- Netgear
- VMware
- Tintri
- Nutanix
- Micron Technology
- Western Digital Corporation
- Drobo
- Cloudian
The Global Next-Generation Data Storage Market is segmented as follows:
Next-Generation Data Storage Market: Storage Architecture Analysis
- Block Storage
- File Storage
- Object Storage
Next-Generation Data Storage Market: Storage Medium Analysis
- Tape
- Hard Disk Drive(HDD)
- Solid State Drive (SSD)
Next-Generation Data Storage Market: Storage System Analysis
- Storage Area Network
- Network-Attached
- Direct-Attached
Next-Generation Data Storage Market: End-User Analysis
- BFSI
- Government
- Retail
- IT and Telecommunication
- Manufacturing
- Healthcare
- Education
- Media and Entertainment
- Others
Next-Generation Data Storage Market: Regional Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East and Africa
Table Of Content
Methodology
FrequentlyAsked Questions
Next-generation data storage encompasses a range of advanced technologies designed to address the limitations of traditional storage systems.
According to study, the Next-Generation Data Storage Market size was worth around USD 61.35 billion in 2023 and is predicted to grow to around USD 140.45 billion by 2032.
The CAGR value of Next-Generation Data Storage Market is expected to be around 9.64% during 2024-2032.
North America has been leading the Next-Generation Data Storage Market and is anticipated to continue on the dominant position in the years to come.
Choose License Type
RelatedNews
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed