The report "Next-Generation Data Storage Market
by Storage System (Direct-Attached, Network-Attached, Storage Area
Network), Storage Architecture (File- & Object-Based, Block),
Storage Medium (SSD, HDD, Tape), & End User – Global Forecast to
2024" The next-generation data storage market is estimated to
grow from USD 56.8 billion by 2019 to USD 102.2 billion by 2024 at a
CAGR of 12.48%. The major drivers for this market include the massive
growth in digital data volume; proliferated use of smartphones, laptops,
and tablets; growth of IoT market; and increasing penetration of
high-end cloud computing.
Browse 91 market data Tables and 58 Figures spread through 179 Pages and in-depth TOC on "Next-Generation Data Storage Market"
The
companies profiled in this report are Hewlett Packard Enterprise
Company (US), Dell Inc. (US), NetApp, Inc. (US), Hitachi, Ltd. (Japan),
and International Business Machines Corporation (US), Toshiba
Corporation (Japan), Pure Storage, Inc. (US), Nutanix, Inc. (US),
Scality (US), Micron Technology, Inc. (US), Tintri, Inc. (US),
Cloudian, Inc. (US), Drobo, Inc. (US), Quantum Corporation (US), Western
Digital Corporation (US), Samsung Electronics (South Korea), Fujitsu
Ltd. (Japan), VMware, Inc. (US), Nexenta Systems, Inc. (US), and Netgear
Inc. (US), and Inspur (China).
Storage area network to hold largest share of next-generation data storage market during forecast period
Storage
area network is expected to hold the largest share of the
next-generation data storage market during 2019–2024. As an increasing
number of companies have started utilizing cloud-based services to store
their data with the use of virtual servers, companies aim to expand
their storage capacities beyond existing infrastructural capabilities.
SAN technology is widely used by cloud technology creators due to its
ability to connect large numbers of servers to storage devices.
Growing data generation by large enterprises is expected to drive the market for File- and object-based storage architecture
File-
and object-based storage (FOBS) is expected to hold the largest share
of the next-generation data storage market during 2019–2024. Rapidly
growing data generation by large enterprises is leading to an increased
need for FOBS to manage those huge volumes of data. These huge volumes
of structured and unstructured data, including photos, videos, audio
files, and other media, are generating considerable market opportunities
for file-and object-based storage market players.
North
America to hold largest size of next-generation data storage market
during forecast period due to rapid technological advancements in the
region
North America is expected to
account for the largest share of the market by 2019. The increasing
volume of unstructured data across various industries and rapid
technological advancements have led to an increased demand for the
secure, reliable, and cost-efficient storage infrastructure in North
America. The region, being the early adopter of advanced data storage
technologies, captures the largest share of the next-generation data
storage market.
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