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 2025
[221 Pages Report] The next-generation data storage market is estimated to grow from USD 53.9 billion by 2020 to USD 81.0 billion by 2025 at a CAGR of 8.5%. The major drivers for this market include the massive growth in digital data volume; proliferated use of smartphones, laptops, and tablets; growth of the IoT market; and increasing penetration of high-end cloud computing.
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COVID-19 Impact on the Global Next-Genration Data Storage Market
The COVID-19 pandemic has disrupted business activities globally. Due to the globally imposed lockdown, the enterprise sector has seen a huge loss in terms of production, with major impact witnessed by the manufacturing, BFSI, and retail sectors. The lockdown has severely impacted the manufacturing companies as almost every plant has come to a halt. Many essential commodity manufacturing companies are also unable to continue with production due to the lack of workforce amidst the pandemic. Thus, there is a slight decline in the next-generation data storage market as well due to COVID-19.
Market for network-attached storage to grow at fastest CAGR during forecast period
The next-generation data storage market for network-attached storage (NAS) is expected to grow at the highest CAGR during the forecast period. NAS devices offer cost-effective data storage solutions to organizations. Small businesses and medium-sized enterprises are gradually adapting to the cloud-based storage on NAS owing to their ease and beneficial features. The demand for storage devices that are attached to a given network and data accessibility from any connected device for multiple authenticated users via a network are driving the growth of the market for NAS.
Enterprises to hold largest share of next-generation data storage market by 2025
Enterprises is expected to hold the largest share of next-generation data storage market based on end user by 2025. Many devices, such as smartphones and tablets, are generating data in the form of images and videos. Moreover, embedded devices, machine-to-machine, and IoT create images and videos from functional applications such as advertising and security; data such as files on PCs and servers; log files; and massive amounts of metadata. The increased data generation is leading to the growth in demand for next-generation data storage devices.
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North America to account for largest market size during forecast period
North America is the major revenue generating region in the next-generation data storage market. 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. North America, being the early adopter of advanced data storage technologies, captures the largest share of market.
Key Market Players
The next-generation market is dominated by some of the major players such as Hewlett Packard Enterprise Company (US), Dell Inc. (US), NetApp, Inc. (US), Hitachi, Ltd. (Japan), and International Business Machines Corporation (US), and Toshiba Corporation (Japan).
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Report Metric |
Details |
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Market size available for years |
20172025 |
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Base year considered |
2019 |
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Forecast period |
20202025 |
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Forecast units |
Value (USD Billion and USD Million) |
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Segments covered |
By Storage System, By Storage Medium,By Storage Architecture, By End User |
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Geographies covered |
Asia Pacific, Europe, North America, RoW |
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Companies covered |
The major market players include Hewlett Packard Enterprise Company (US), Dell Inc. (US), NetApp, Inc. (US), Hitachi, Ltd. (Japan), and International Business Machines Corporation (US), and 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). 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). |
The study categorizes the next-generation data storage market based on storage medium, storage architecture, storage system, end user, regional and global analysis.
By Storage Architecture
- File and Object-based Storage (FOBS)
- Block Storage
By Storage Medium
- SSD
- HDD
- Tape
By Storage System
- Direct Attached Storage (DAS)
- Network Attached Storage (NAS)
- Storage Area Network (SAN)
By End User
- Enterprise
- Government
- Cloud Service Providers
- Telecom
By Region
- North America
- Europe
- APAC
- Rest of the World
Recent Developments
- In June 2020, Dell Technologies announces Dell EMC PowerScale, a new family of storage systems engineered with industry-leading storage software and server hardware to set a new industry standard for how organizations capture and capitalize on unstructured data, such as documents, images, videos and social media content.
- In April 2019, Dell Technologies announces new and enhanced storage, data management and data protection solutions that directly affect an organizations data capital. With these new offerings, Dell Technologies is empowering businesses on their digital transformation journey to preserve essential information and become more adaptive, competitive and innovative.
- In February 2020, Pure Storage Pure Storage partnered with Google Clouds Anthos Ready Storage Initiative for data storage solutions. This news expands on Pures existing partnership with Google Cloud to help customers modernize existing applications and build new ones on a simple, scalable, and reliable platform.
- In June 2019, Hewlett Packard Hewlett-Packard Enterprise (HPE) partnered with Qumulo, the leader in hybrid cloud file storage, to encompass both on-premise and hybrid cloud-based storage solutions.
- In January 2019 Micron Micron plans to purchase Intels interest in the parties joint venture, IM Flash Technologies (IM Flash) (US). In October 2018, Micron disclosed its intention to exercise the option. The IM Flash acquisition will enable Micron to accelerate R&D and optimize its manufacturing plan for 3D XPoint.
Frequently Asked Questions (FAQ):
How is the adoption of the next-generation data storage solutions evolving in various enterprises?
Enterprises worldwide are demanding high-performance and scalable storage solutions that are also affordable to them; this fuels innovation for the latest technologies in the data storage market. The BFSI, manufacturing, consumer goods, and retail sectors adopted advanced storage solutions at the early stage of the evolution of data storage technologies. The demand for these technologies is increasing across all industries with the growing awareness regarding the benefits of next-generation data storage systems to the early adopters.
What are the typical use cases of next-generation data storage devices across various end users?
The next-generation data storage products are witnessing a huge demand from several end users such as banking, financial service, and insurance (BFSI); consumer goods, retail, healthcare, media and entertainment, and manufacturing verticals, among others.
Which are the driving factors for the next-generation data storage market growth?
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.
How does increased unstructured data impact various end users?
The volume of digital data being generated worldwide is growing at an exponential rate; this has driven the focus of enterprises on storing and managing these data. To store this vast data, companies are switching to technically advanced storage technologies. The storage market is gaining more traction as the enterprises need to access and store the data from multiple locations.
What are the new application areas of next-generation data storage?
Data Analytics and Cloud storage as a service are expected to be the lucrative opportunities for next-generation data storage market .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 29)
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 NEXT-GENERATION DATA STORAGE SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 33)
2.1 RESEARCH DATA
FIGURE 2 NEXT-GENERATION DATA STORAGE MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.1.1 Key industry insights
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Breakdown of primaries
2.1.3.2 Key data from primary sources
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: REVENUE OF MARKET PLAYERS
2.2.1 BOTTOM-UP APPROACH
FIGURE 4 BOTTOM-UP APPROACH: MARKET SIZE ESTIMATION METHODOLOGY
2.2.2 TOP-DOWN APPROACH
FIGURE 5 TOP-DOWN APPROACH: MARKET SIZE ESTIMATION METHODOLOGY
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 7 ASSUMPTION FOR RESEARCH STUDY
3 EXECUTIVE SUMMARY (Page No. - 42)
FIGURE 8 STORAGE AREA NETWORK TO HOLD LARGEST SIZE OF NEXT-GENERATION DATA STORAGE MARKET DURING FORECAST PERIOD
FIGURE 9 FILE- AND OBJECT-BASED STORAGE TO REGISTER HIGHER CAGR IN MARKET DURING FORECAST PERIOD
FIGURE 10 SSD TO HOLD LARGEST SHARE OF MARKET BY 2025
FIGURE 11 NEXT-GENERATION DATA STORAGE MARKET FOR CLOUD SERVICE PROVIDERS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 12 NORTH AMERICA TO HOLD LARGEST SHARE OF MARKET IN 2020
4 PREMIUM INSIGHTS (Page No. - 46)
4.1 NEXT-GENERATION DATA STORAGE MARKET OPPORTUNITIES
FIGURE 13 OPPORTUNITIES IN EMERGING MARKETS FOR NEXT-GENERATION DATA STORAGE TO PROVIDE LUCRATIVE GROWTH PROSPECTS DURING FORECAST PERIOD
4.2 MARKET IN NORTH AMERICA, BY COUNTRY AND END USER
FIGURE 14 US IS EXPECTED TO HOLD LARGEST SHARE OF MARKET IN NORTH AMERICA IN 2020
4.3 MARKET, BY STORAGE SYSTEM
FIGURE 15 STORAGE AREA NETWORK TO HOLD LARGEST SHARE OF MARKET BY 2024
4.4 MARKET, BY STORAGE ARCHITECTURE
FIGURE 16 FILE- & OBJECT-BASED STORAGE TO HOLD LARGER SHARE OF MARKET IN 2020
4.5 MARKET, BY STORAGE MEDIUM
FIGURE 17 MARKET FOR SSD TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.6 MARKET, BY END USER
FIGURE 18 ENTERPRISES TO HOLD LARGEST SHARE OF MARKET DURING FORECAST PERIOD
4.7 NEXT-GENERATION DATA STORAGE MARKET, BY GEOGRAPHY
FIGURE 19 MARKET IN SOUTH AMERICA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 50)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 MASSIVE SURGE IN VOLUME OF DIGITAL DATA IS MAJOR DRIVER FOR MARKET
5.2.1 DRIVERS
5.2.1.1 Massive growth in digital data volumes
FIGURE 21 IP TRAFFIC PER MONTH, 20172022
5.2.1.2 Proliferated use of smartphones, laptops, and tablets
FIGURE 22 MOBILE INTERNET USERS AND SMARTPHONE CONNECTIONS
5.2.1.3 Growth of IoT market
TABLE 1 IOT CONNECTIONS (BILLION)
5.2.1.4 Increasing penetration of high-end cloud computing
5.2.2 RESTRAINTS
5.2.2.1 Breach in data security in cloud and server-based services
FIGURE 23 NUMBER OF GLOBAL DDOS ATTACKS, 20182023
5.2.2.2 Less structured data
5.2.3 OPPORTUNITIES
5.2.3.1 Increased need for data analytics
5.2.3.2 Growing adoption of cloud storage and solid-state drives
5.2.4 CHALLENGES
5.2.4.1 Delivering robust and high-speed data storage
5.2.4.2 High cost associated with cloud storage
6 INDUSTRY TRENDS (Page No. - 56)
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
FIGURE 24 VALUE CHAIN: MARKET
6.3 ADVANTAGES OF NEXT-GENERATION DATA STORAGE OVER TRADITIONAL DATA STORAGE
FIGURE 25 TRADITIONAL STORAGE VERSUS CLOUD STORAGE
6.4 INDUSTRY TRENDS
FIGURE 26 KEY INDUSTRY TRENDS IN MARKET
7 NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM (Page No. - 60)
7.1 INTRODUCTION
FIGURE 27 MARKET, BY STORAGE SYSTEM
FIGURE 28 SAN TO HOLD LARGEST SIZE OF MARKET BY 2025
TABLE 2 MARKET, BY STORAGE SYSTEM, 20162019 (USD BILLION)
TABLE 3 MARKET, BY STORAGE SYSTEM, 20202025 (USD BILLION)
7.2 DIRECT-ATTACHED STORAGE
7.2.1 DIRECT-ATTACHED STORAGE IS OLDEST AND CONVENIENT DATA STORAGE SYSTEMS
TABLE 4 MARKET FOR DIRECT-ATTACHED STORAGE, BY END USER, 20162019 (USD BILLION)
TABLE 5 MARKET FOR DIRECT-ATTACHED STORAGE, BY END USER, 20202025 (USD BILLION)
TABLE 6 DIRECT-ATTACHED STORAGE MARKET FOR ENTERPRISES, BY VERTICAL, 20162019 (USD BILLION)
TABLE 7 DIRECT-ATTACHED STORAGE MARKET FOR ENTERPRISES, BY VERTICAL, 20202025 (USD BILLION)
7.3 NETWORK-ATTACHED STORAGE
7.3.1 NETWORK-ATTACHED STORAGE TO GROW AT HIGHEST RATE
FIGURE 29 NETWORK-ATTACHED STORAGE MARKET FOR CLOUD SERVICE PROVIDERS TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
TABLE 8 MARKET FOR NETWORK-ATTACHED STORAGE, BY END USER, 20162019 (USD BILLION)
TABLE 9 MARKET FOR NETWORK-ATTACHED STORAGE, BY END USER, 20202025 (USD BILLION)
TABLE 10 NETWORK-ATTACHED STORAGE MARKET FOR ENTERPRISES, BY VERTICAL, 20162019 (USD BILLION)
TABLE 11 NETWORK-ATTACHED STORAGE MARKET FOR ENTERPRISES, BY VERTICAL, 20202025 (USD BILLION)
7.4 STORAGE AREA NETWORK
7.4.1 STORAGE AREA NETWORK HELD LARGEST SHARE OF MARKET IN 2019
FIGURE 30 STORAGE AREA NETWORK MARKET FOR CLOUD SERVICE PROVIDERS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 12 MARKET FOR STORAGE AREA NETWORK, BY END USER, 20162019 (USD BILLION)
TABLE 13 MARKET FOR STORAGE AREA NETWORK, BY END USER, 20202025 (USD BILLION)
TABLE 14 STORAGE AREA NETWORK MARKET FOR ENTERPRISES, BY VERTICAL, 20162019 (USD BILLION)
TABLE 15 STORAGE AREA NETWORK MARKET FOR ENTERPRISES, BY VERTICAL, 20202025 (USD BILLION)
8 NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE MEDIUM (Page No. - 70)
8.1 INTRODUCTION
FIGURE 31 NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE MEDIUM
FIGURE 32 MARKET FOR SOLID-STATE DRIVE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 16 MARKET, BY STORAGE MEDIUM, 20162019 (USD BILLION)
TABLE 17 MARKET, BY STORAGE MEDIUM, 20202025 (USD BILLION)
8.2 HARD DISK DRIVE
8.2.1 HARD DISK DRIVE PROVIDES HIGH STORAGE CAPACITIES AT AFFORDABLE PRICES
8.3 SOLID-STATE DRIVE
8.3.1 SOLID-STATE DRIVE TO HOLD LARGEST SHARE OF MARKET IN 2025
8.3.1.1 All-flash arrays
8.3.1.2 Hybrid flash arrays
8.4 TAPE
8.4.1 TAPE OFFERS LONG-TERM DATA RETENTION
9 NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE ARCHITECTURE (Page No. - 74)
9.1 INTRODUCTION
FIGURE 33 NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE ARCHITECTURE
FIGURE 34 FILE- AND OBJECT-BASED STORAGE TO HOLD LARGER SIZE OF MARKET DURING FORECAST PERIOD
TABLE 18 MARKET, BY STORAGE ARCHITECTURE, 20162019 (USD BILLION)
TABLE 19 MARKET, BY STORAGE ARCHITECTURE, 20202025 (USD BILLION)
TABLE 20 MARKET FOR FILE- AND OBJECT-BASED STORAGE, 20162019 (USD BILLION)
TABLE 21 MARKET FOR FILE- AND OBJECT-BASED STORAGE, 20202025 (USD BILLION)
9.2 FILE- AND OBJECT-BASED STORAGE
9.2.1 FILE STORAGE
9.2.1.1 File-level storage is usually used in NAS devices as it offers comparatively more storage space
9.2.2 OBJECT STORAGE
9.2.2.1 Object storage is preferred by cloud storage providers due to its massive scalability and shared tenancy features
9.3 BLOCK STORAGE
9.3.1 SERVER-BASED OPERATING SYSTEMS CONTROL AND FORMAT EACH BLOCK AS PER NEED IN BLOCK STORAGE
10 NEXT-GENERATION DATA STORAGE MARKET, BY END USER (Page No. - 79)
10.1 INTRODUCTION
FIGURE 35 NEXT-GENERATION DATA STORAGE MARKET, BY END USER
10.2 ENTERPRISES
TABLE 22 MARKET, BY END USER, 20162019 (USD BILLION)
TABLE 23 MARKET, BY END USER, 20202025 (USD BILLION)
TABLE 24 MARKET FOR ENTERPRISES, BY VERTICAL, 20162019 (USD BILLION)
FIGURE 36 BFSI TO HOLD LARGEST MARKET SHARE OF MARKET IN ENTERPRISES
TABLE 25 MARKET FOR ENTERPRISES, BY VERTICAL, 20202025 (USD BILLION)
TABLE 26 MARKET FOR ENTERPRISES, BY REGION, 20162019 (USD BILLION)
TABLE 27 MARKET FOR ENTERPRISES, BY REGION, 20202025 (USD BILLION)
10.2.1 BFSI
10.2.1.1 BFSI held the largest share of market in enterprises
TABLE 28 MARKET FOR BFSI, BY STORAGE SYSTEM, 20162019 (USD BILLION)
TABLE 29 MARKET FOR BFSI, BY STORAGE SYSTEM, 20202025 (USD BILLION)
TABLE 30 MARKET FOR BFSI, BY REGION, 20162019 (USD BILLION)
FIGURE 37 APAC TO OFFER LUCRATIVE OPPORTUNITIES FOR BFSI IN MARKET
TABLE 31 MARKET FOR BFSI, BY REGION, 20202025 (USD BILLION)
10.2.2 CONSUMER GOODS
10.2.2.1 Consumer goods sector witnessed the high adoption of cloud storage
TABLE 32 MARKET FOR CONSUMER GOODS, BY STORAGE SYSTEM, 20162019 (USD BILLION)
TABLE 33 MARKET FOR CONSUMER GOODS, BY STORAGE SYSTEM, 20202025 (USD BILLION)
TABLE 34 MARKET FOR CONSUMER GOODS, BY REGION, 20162019 (USD BILLION)
TABLE 35 MARKET FOR CONSUMER GOODS, BY REGION, 20202025 (USD BILLION)
10.2.3 RETAIL
10.2.3.1 Advent of online retailers is boosting the market
TABLE 36 MARKET FOR RETAIL, BY STORAGE SYSTEM, 20162019 (USD BILLION)
FIGURE 38 STORAGE AREA NETWORK TO ACCOUNT FOR LARGEST SHARE OF MARKET FOR RETAIL
TABLE 37 MARKET FOR RETAIL, BY STORAGE SYSTEM, 20202025 (USD BILLION)
TABLE 38 MARKET FOR RETAIL, BY REGION, 20162019 (USD BILLION)
TABLE 39 MARKET FOR RETAIL, BY REGION, 20202025 (USD BILLION)
10.2.4 HEALTHCARE
10.2.4.1 High-powered analytics, distant data sharing, advanced medical research, and telemedicine capabilities are driving the market for the healthcare industry
TABLE 40 MARKET FOR HEALTHCARE, BY STORAGE SYSTEM, 20162019 (USD BILLION)
TABLE 41 MARKET FOR HEALTHCARE, BY STORAGE SYSTEM, 20202025 (USD BILLION)
TABLE 42 MARKET FOR HEALTHCARE, BY REGION, 20162019 (USD BILLION)
FIGURE 39 NORTH AMERICA TO ACCOUNT FOR THE LARGEST MARKET SHARE OF MARKET FOR HEALTHCARE
TABLE 43 MARKET FOR HEALTHCARE, BY REGION, 20202025 (USD BILLION)
10.2.5 MEDIA AND ENTERTAINMENT
10.2.5.1 High-powered analytics, distant data sharing, advanced medical research, and telemedicine capabilities are driving the market for the healthcare industry
TABLE 44 NEXT-GENERATION DATA STORAGE MARKET FOR MEDIA AND ENTERTAINMENT, BY STORAGE SYSTEM, 20162019 (USD BILLION)
TABLE 45 MARKET FOR MEDIA AND ENTERTAINMENT, BY STORAGE SYSTEM, 20202025 (USD BILLION)
TABLE 46 MARKET FOR MEDIA AND ENTERTAINMENT, BY REGION, 20162019 (USD BILLION)
TABLE 47 MARKET FOR MEDIA AND ENTERTAINMENT, BY REGION, 20202025 (USD BILLION)
10.2.6 MANUFACTURING
10.2.6.1 Advanced and flexible storage solutions help manufactures work efficiently with the available data
TABLE 48 MARKET FOR MANUFACTURING, BY STORAGE SYSTEM, 20162019 (USD BILLION)
TABLE 49 MARKET FOR MANUFACTURING, BY STORAGE SYSTEM, 20202025 (USD BILLION)
TABLE 50 MARKET FOR MANUFACTURING, BY REGION, 20162019 (USD BILLION)
FIGURE 40 NORTH AMERICA TO HOLD SHARE OF MARKET FOR MANUFACTURING DURING FORECAST PERIOD
TABLE 51 MARKET FOR MANUFACTURING, BY REGION, 20202025 (USD BILLION)
10.2.7 OTHERS
10.2.7.1 Next-generation data storage products are designed to handle major security challenges in industries such as aerospace & defense and energy
10.2.7.2 Aerospace and defense
10.2.7.3 Business and consulting
10.2.7.4 Education and research
10.2.7.5 Energy
TABLE 52 NEXT-GENERATION DATA STORAGE MARKET FOR OTHERS, BY STORAGE SYSTEM, 20162019 (USD BILLION)
TABLE 53 MARKET FOR OTHERS, BY STORAGE SYSTEM, 20202025 (USD BILLION)
TABLE 54 MARKET FOR OTHERS, BY REGION, 20162019 (USD BILLION)
TABLE 55 MARKET FOR OTHERS, BY REGION, 20202025 (USD BILLION)
10.3 GOVERNMENT BODIES
10.3.1 GOVERNMENT BODIES WORLDWIDE HAVE ADOPTED DIGITIZATION AND DATA ANALYTICS TECHNOLOGIES TO IMPROVE THEIR STRATEGIC PLANNING
TABLE 56 MARKET FOR GOVERNMENT BODIES, BY STORAGE SYSTEM, 20162019 (USD BILLION)
FIGURE 41 STORAGE AREA NETWORK TO HOLD LARGEST SHARE OF MARKET FOR GOVERNMENT BODIES
TABLE 57 MARKET FOR GOVERNMENT BODIES, BY STORAGE SYSTEM, 20202025 (USD BILLION)
TABLE 58 MARKET FOR GOVERNMENT BODIES, BY REGION, 20162019 (USD BILLION)
TABLE 59 MARKET FOR GOVERNMENT BODIES, BY REGION, 20202025 (USD BILLION)
10.4 TELECOM COMPANIES
10.4.1 DATA SCIENCE AND BIG DATA ANALYTICS ARE THE MAJOR EMERGING OPPORTUNITIES IN THE TELECOM SECTOR
TABLE 60 NEXT-GENERATION DATA STORAGE MARKET FOR TELECOM COMPANIES, BY STORAGE SYSTEM, 20162019 (USD BILLION)
TABLE 61 MARKET FOR TELECOM COMPANIES, BY STORAGE SYSTEM, 20202025 (USD BILLION)
TABLE 62 MARKET FOR TELECOM COMPANIES, BY REGION, 20162019 (USD BILLION)
TABLE 63 MARKET FOR TELECOM COMPANIES, BY REGION, 20202025 (USD BILLION)
10.5 CLOUD SERVICE PROVIDERS
10.5.1 CLOUD STORAGE SOLUTIONS OFFER ENTERPRISES THE FLEXIBILITY TO SCALE UP OR SCALE DOWN THE STORAGE CAPACITY, DEPENDING ON THE BUSINESS REQUIREMENTS
TABLE 64 MARKET FOR CLOUD SERVICE PROVIDERS, BY TYPE, 20162019 (USD BILLION)
TABLE 65 MARKET FOR CLOUD SERVICE PROVIDERS, BY TYPE, 20202025 (USD BILLION)
TABLE 66 MARKET FOR CLOUD SERVICE PROVIDERS, BY STORAGE SYSTEM, 20162019 (USD BILLION)
FIGURE 42 NETWORK-ATTACHED STORAGE MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 67 NEXT-GENERATION DATA STORAGE MARKET FOR CLOUD SERVICE PROVIDERS, BY STORAGE SYSTEM, 20202025 (USD BILLION)
TABLE 68 MARKET FOR CLOUD SERVICE PROVIDERS, BY REGION, 20162019 (USD BILLION)
TABLE 69 MARKET FOR CLOUD SERVICE PROVIDERS, BY REGION, 20202025 (USD BILLION)
10.6 IMPACT OF COVID-19 ON MAJOR INDUSTRIES
FIGURE 43 PRE-COVID-19 AND POST-COVID-19 SCENARIOS MARKET FOR ENTERPRISES
FIGURE 44 PRE-COVID-19 AND POST-COVID-19 SCENARIOS: MARKET FOR CLOUD SERVICE PROVIDERS
11 GEOGRAPHIC ANALYSIS (Page No. - 107)
11.1 INTRODUCTION
FIGURE 45 ROW TO WITNESS HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
TABLE 70 NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 20162019 (USD BILLION)
TABLE 71 MARKET, BY REGION, 20202025 (USD BILLION)
11.2 NORTH AMERICA
FIGURE 46 NORTH AMERICA: MARKET SNAPSHOT
TABLE 72 MARKET IN NORTH AMERICA, BY END USERS, 20162019 (USD BILLION)
TABLE 73 MARKET IN NORTH AMERICA, BY END USERS, 20202025 (USD BILLION)
TABLE 74 NORTH AMERICAN MARKET, BY COUNTRY, 20162019 (USD BILLION)
TABLE 75 NORTH AMERICAN MARKET, BY COUNTRY, 20202025 (USD BILLION)
TABLE 76 NORTH AMERICAN MARKET FOR ENTERPRISES, BY COUNTRY, 20162019 (USD BILLION)
TABLE 77 NORTH AMERICAN NEXT-GENERATION DATA STORAGE MARKET FOR ENTERPRISES, BY COUNTRY, 20202025 (USD BILLION)
TABLE 78 NORTH AMERICAN MARKET FOR BFSI, BY COUNTRY, 20162019 (USD BILLION)
TABLE 79 NORTH AMERICAN MARKET FOR BFSI, BY COUNTRY, 20202025 (USD BILLION)
TABLE 80 NORTH AMERICAN MARKET FOR HEALTHCARE, BY COUNTRY, 20162019 (USD BILLION)
TABLE 81 NORTH AMERICAN MARKET FOR HEALTHCARE, BY COUNTRY, 20202025 (USD BILLION)
TABLE 82 NORTH AMERICAN MARKET FOR MEDIA AND ENTERTAINMENT, BY COUNTRY, 20162019 (USD BILLION)
TABLE 83 NORTH AMERICAN MARKET FOR MEDIA AND ENTERTAINMENT, BY COUNTRY, 20202025 (USD BILLION)
TABLE 84 NORTH AMERICAN NEXT-GENERATION DATA STORAGE MARKET FOR RETAIL, BY COUNTRY, 20162019 (USD BILLION)
TABLE 85 NORTH AMERICAN MARKET FOR RETAIL, BY COUNTRY, 20202025 (USD BILLION)
TABLE 86 NORTH AMERICAN MARKET FOR CONSUMER GOODS, BY COUNTRY, 20162019 (USD BILLION)
TABLE 87 NORTH AMERICAN MARKET FOR CONSUMER GOODS, BY COUNTRY, 20202025 (USD BILLION)
nbsp; TABLE 88 NORTH AMERICAN MARKET FOR MANUFACTURING, BY COUNTRY, 20162019 (USD BILLION)
TABLE 89 NORTH AMERICAN MARKET FOR MANUFACTURING, BY COUNTRY, 20202025 (USD BILLION)
TABLE 90 NORTH AMERICAN NEXT-GENERATION DATA STORAGE MARKET FOR OTHERS, BY COUNTRY, 20162019 (USD BILLION)
TABLE 91 NORTH AMERICAN MARKET FOR OTHERS, BY COUNTRY, 20202025 (USD BILLION)
TABLE 92 NORTH AMERICAN MARKET FOR GOVERNMENT BODIES, BY COUNTRY, 20162019 (USD BILLION)
TABLE 93 NORTH AMERICAN MARKET FOR GOVERNMENT BODIES BODIES, BY COUNTRY, 20202025 (USD BILLION)
TABLE 94 NORTH AMERICAN MARKET FOR CLOUD SERVICE PROVIDERS, BY COUNTRY, 20162019 (USD BILLION)
TABLE 95 NORTH AMERICAN MARKET FOR CLOUD SERVICE PROVIDERS, BY COUNTRY, 20202025 (USD BILLION)
TABLE 96 NORTH AMERICAN MARKET FOR TELECOM COMPANIES COMPANIES, BY COUNTRY, 20162019 (USD BILLION)
TABLE 97 NORTH AMERICAN NEXT-GENERATION DATA STORAGE MARKET FOR TELECOM COMPANIES COMPANIES, BY COUNTRY, 20202025 (USD BILLION)
11.2.1 US
11.2.1.1 US held largest market size in North American market
11.2.2 CANADA
11.2.2.1 Next-generation data storage solutions are adopted in Canada to ensure effective data management
11.2.3 MEXICO
11.2.3.1 Mexico is expected to witness highest growth rate in North American market
11.3 EUROPE
FIGURE 47 EUROPE: NEXT-GENERATION DATA STORAGE MARKET SNAPSHOT
TABLE 98 MARKET IN EUROPE, BY END USERS, 20162019 (USD BILLION)
TABLE 99 MARKET IN EUROPE, BY END USERS, 20202025 (USD BILLION)
TABLE 100 EUROPEAN MARKET, BY COUNTRY, 20162019 (USD BILLION)
TABLE 101 EUROPEAN MARKET, BY COUNTRY, 20202025 (USD BILLION)
TABLE 102 EUROPEAN MARKET FOR ENTERPRISES, BY COUNTRY, 20162019 (USD BILLION)
TABLE 103 EUROPEAN MARKET FOR ENTERPRISES, BY COUNTRY, 20202025 (USD BILLION)
TABLE 104 EUROPEAN MARKET FOR BFSI, BY COUNTRY, 20162019 (USD BILLION)
TABLE 105 EUROPEAN NEXT-GENERATION DATA STORAGE MARKET FOR BFSI, BY COUNTRY, 20202025 (USD BILLION)
TABLE 106 EUROPEAN MARKET FOR HEALTHCARE, BY COUNTRY, 20162019 (USD BILLION)
TABLE 107 EUROPEAN MARKET FOR HEALTHCARE, BY COUNTRY, 20202025 (USD BILLION)
TABLE 108 EUROPEAN MARKET FOR MEDIA AND ENTERTAINMENT, BY COUNTRY, 20162019 (USD BILLION)
TABLE 109 EUROPEAN MARKET FOR MEDIA AND ENTERTAINMENT, BY COUNTRY, 20202025 (USD BILLION)
TABLE 110 EUROPEAN MARKET FOR RETAIL, BY COUNTRY, 20162019 (USD BILLION)
TABLE 111 EUROPEAN NEXT-GENERATION DATA STORAGE MARKET FOR RETAIL, BY COUNTRY, 20202025 (USD BILLION)
TABLE 112 EUROPEAN MARKET FOR CONSUMER GOODS, BY COUNTRY, 20162019 (USD BILLION)
TABLE 113 EUROPEAN MARKET FOR CONSUMER GOODS, BY COUNTRY, 20202025 (USD BILLION)
TABLE 114 EUROPEAN MARKET FOR MANUFACTURING, BY COUNTRY, 20162019 (USD BILLION)
TABLE 115 EUROPEAN MARKET FOR MANUFACTURING, BY COUNTRY, 20202025 (USD BILLION)
TABLE 116 EUROPEAN MARKET FOR OTHERS, BY COUNTRY, 20162019 (USD BILLION)
TABLE 117 EUROPEAN NEXT-GENERATION DATA STORAGE MARKET FOR OTHERS, BY COUNTRY, 20202025 (USD BILLION)
TABLE 118 EUROPEAN MARKET FOR GOVERNMENT BODIES, BY COUNTRY, 20162019 (USD BILLION)
TABLE 119 EUROPEAN MARKET FOR GOVERNMENT BODIES, BY COUNTRY, 20202025 (USD BILLION)
TABLE 120 EUROPEAN MARKET FOR CLOUD SERVICE PROVIDERS, BY COUNTRY, 20162019 (USD BILLION)
TABLE 121 EUROPE MARKET FOR CLOUD SERVICE PROVIDER, BY COUNTRY, 20202025 (USD BILLION)
TABLE 122 EUROPEAN MARKET FOR TELECOM COMPANIES, BY COUNTRY, 20162019 (USD BILLION)
TABLE 123 EUROPEAN NEXT-GENERATION DATA STORAGE MARKET FOR TELECOM COMPANIES, BY COUNTRY, 20202025 (USD BILLION)
11.3.1 UK
11.3.1.1 UK held largest share of European market
11.3.2 GERMANY
11.3.2.1 Connected cars would generate enormous amounts of data and boost demand for next-generation data storage solutions
11.3.3 FRANCE
11.3.3.1 France shows increasing demand for data storage across industries such as online retail, food processing, and media and entertainment
11.3.4 REST OF EUROPE
11.4 ASIA PACIFIC
FIGURE 48 APAC: NEXT-GENERATION DATA STORAGE MARKET SNAPSHOT
TABLE 124 MARKET IN APAC, BY END USERS, 20162019 (USD BILLION)
TABLE 125 MARKET IN APAC, BY END USERS, 20202025 (USD BILLION)
TABLE 126 APAC MARKET, BY COUNTRY, 20162019 (USD BILLION)
TABLE 127 APAC MARKET, BY COUNTRY, 20202025 (USD BILLION)
TABLE 128 APAC MARKET FOR ENTERPRISES, BY COUNTRY, 20162019 (USD BILLION)
TABLE 129 APAC MARKET FOR ENTERPRISES, BY COUNTRY, 20202025 (USD BILLION)
TABLE 130 APAC MARKET FOR BFSI, BY COUNTRY, 20162019 (USD BILLION)
TABLE 131 APAC MARKET FOR BFSI, BY COUNTRY, 20202025 (USD BILLION)
TABLE 132 APAC MARKET FOR HEALTHCARE, BY COUNTRY, 20162019 (USD BILLION)
TABLE 133 APAC NEXT-GENERATION DATA STORAGE MARKET FOR HEALTHCARE, BY COUNTRY, 20202025 (USD BILLION)
TABLE 134 APAC MARKET FOR MEDIA AND ENTERTAINMENT, BY COUNTRY, 20162019 (USD BILLION)
TABLE 135 APAC MARKET FOR MEDIA AND ENTERTAINMENT, BY COUNTRY, 20202025 (USD BILLION)
TABLE 136 APAC MARKET FOR RETAIL, BY COUNTRY, 20162019 (USD BILLION)
TABLE 137 APAC MARKET FOR RETAIL, BY COUNTRY, 20202025 (USD BILLION)
TABLE 138 APAC MARKET FOR CONSUMER GOODS, BY COUNTRY, 20162019 (USD BILLION)
TABLE 139 APAC MARKET FOR CONSUMER GOODS, BY COUNTRY, 20202025 (USD BILLION)
TABLE 140 APAC NEXT-GENERATION DATA STORAGE MARKET FOR MANUFACTURING, BY COUNTRY, 20162019 (USD BILLION)
TABLE 141 APAC MARKET FOR MANUFACTURING, BY COUNTRY, 20202025 (USD BILLION)
TABLE 142 APAC MARKET FOR OTHERS, BY COUNTRY, 20162019 (USD BILLION)
TABLE 143 APAC MARKET FOR OTHERS, BY COUNTRY, 20202025 (USD BILLION)
TABLE 144 APAC MARKET FOR GOVERNMENT BODIES, BY COUNTRY, 20162019 (USD BILLION)
TABLE 145 APAC MARKET FOR GOVERNMENT BODIES, BY COUNTRY, 20202025 (USD BILLION)
TABLE 146 APAC MARKET FOR CLOUD SERVICE PROVIDERS, BY COUNTRY, 20162019 (USD BILLION)
TABLE 147 APAC NEXT-GENERATION DATA STORAGE MARKET FOR CLOUD SERVICE PROVIDER, BY COUNTRY, 20202025 (USD BILLION)
TABLE 148 APAC MARKET FOR TELECOM COMPANIES, BY COUNTRY, 20162019 (USD BILLION)
TABLE 149 APAC MARKET FOR TELECOM COMPANIES, BY COUNTRY, 20202025 (USD BILLION)
11.4.1 CHINA
11.4.1.1 China held largest share of market
in APAC 142
11.4.2 JAPAN
11.4.2.1 Growing SMEs are primarily driving market in Japan
11.4.3 INDIA
11.4.3.1 Big Data, IoT, and other digital and virtualized platforms in India are driving market
11.4.4 SOUTH KOREA
11.4.4.1 Growing implementation of IoT and big data analytics is driving growth of market in South Korea
11.4.5 REST OF APAC
11.4.5.1 High demand for data centers will drive market in Rest of APAC
11.5 REST OF THE WORLD
TABLE 150 MARKET IN ROW, BY END USERS, 20162019 (USD BILLION)
TABLE 151 MARKET IN ROW, BY END USERS, 20202025 (USD BILLION)
TABLE 152 ROW MARKET FOR ENTERPRISES, BY REGION, 20162019 (USD BILLION)
TABLE 153 ROW MARKET FOR ENTERPRISES, BY REGION, 20202025 (USD BILLION)
TABLE 154 ROW MARKET FOR BFSI, BY REGION, 20162019 (USD BILLION)
TABLE 155 ROW MARKET FOR BFSI, BY REGION, 20202025 (USD BILLION)
TABLE 156 ROW NEXT-GENERATION DATA STORAGE MARKET FOR HEALTHCARE, BY REGION, 20162019 (USD BILLION)
TABLE 157 ROW MARKET FOR HEALTHCARE, BY REGION, 20202025 (USD BILLION)
TABLE 158 ROW MARKET FOR MEDIA AND ENTERTAINMENT, BY REGION, 20162019 (USD BILLION)
TABLE 159 ROW MARKET FOR MEDIA AND ENTERTAINMENT, BY REGION, 20202025 (USD BILLION)
TABLE 160 ROW MARKET FOR RETAIL, BY REGION, 20162019 (USD BILLION)
TABLE 161 ROW MARKET FOR RETAIL, BY REGION, 20202025 (USD BILLION)
TABLE 162 ROW MARKET FOR CONSUMER GOODS, BY REGION, 20162019 (USD BILLION)
TABLE 163 ROW NEXT-GENERATION DATA STORAGE MARKET FOR CONSUMER GOODS, BY REGION, 20202025 (USD BILLION)
TABLE 164 ROW MARKET FOR MANUFACTURING, BY REGION, 20162019 (USD BILLION)
TABLE 165 ROW MARKET FOR MANUFACTURING, BY REGION, 20202025 (USD BILLION)
TABLE 166 ROW MARKET FOR OTHERS, BY REGION, 20162019 (USD BILLION)
TABLE 167 ROW MARKET FOR OTHERS, BY REGION, 20202025 (USD BILLION)
TABLE 168 ROW MARKET FOR GOVERNMENT BODIES, BY REGION, 20162019 (USD BILLION)
TABLE 169 ROW MARKET FOR GOVERNMENT BODIES, BY REGION, 20202025 (USD BILLION)
TABLE 170 ROW NEXT-GENERATION DATA STORAGE MARKET FOR CLOUD SERVICE PROVIDERS, BY REGION, 20162019 (USD BILLION)
TABLE 171 ROW MARKET FOR CLOUD SERVICE PROVIDERS, BY REGION, 20202025 (USD BILLION)
TABLE 172 ROW MARKET FOR TELECOM COMPANIES, BY REGION, 20162019 (USD BILLION)
TABLE 173 ROW MARKET FOR TELECOM COMPANIES, BY REGION, 20202025 (USD BILLION)
11.5.1 MIDDLE EAST AND AFRICA
11.5.1.1 UAE is an established market for storage products in Middle East and Africa
11.5.2 SOUTH AMERICA
11.5.2.1 Mobile industry and data centers are driving growth of advanced data storage systems in South America
11.6 COVID-19 IMPACT ON MAJOR GEOGRAPHIES
FIGURE 49 PRE-COVID-19 AND POST-COVID-19 SCENARIOS FOR NORTH AMERICAN MARKET
FIGURE 50 PRE-COVID-19 AND POST-COVID-19 SCENARIOS FOR MARKET IN APAC
12 COMPETITIVE LANDSCAPE (Page No. - 151)
12.1 OVERVIEW
FIGURE 51 COMPANIES ADOPTED PRODUCT LAUNCH AND DEVELOPMENT AS KEY GROWTH STRATEGIES DURING 20162020
12.2 MARKET RANKING ANALYSIS: MARKET, 2019
FIGURE 52 RANKING OF KEY PLAYERS IN MARKET, 2019
12.3 COMPETITIVE LEADERSHIP MAPPING, 2019
12.3.1 VISIONARY LEADERS
12.3.2 INNOVATORS
12.3.3 DYNAMIC DIFFERENTIATORS
12.3.4 EMERGING COMPANIES
FIGURE 53 MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
12.4 COMPETITIVE SITUATIONS AND TRENDS
12.4.1 PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 174 PRODUCT LAUNCHES AND DEVELOPMENTS, 20172020
12.4.2 PARTNERSHIPS AND COLLABORATIONS
TABLE 175 PARTNERSHIPS AND COLLABORATIONS, 20172020
12.4.3 ACQUISITIONS
TABLE 176 ACQUISITIONS, 2017-2020
12.4.4 AGREEMENTS
TABLE 177 AGREEMENTS, 2018-2020
13 COMPANY PROFILES (Page No. - 159)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
13.1 KEY PLAYERS
13.1.1 DELL
FIGURE 54 DELL: COMPANY SNAPSHOT
13.1.2 HEWLETT PACKARD ENTERPRISE (HPE) COMPANY
FIGURE 55 HPE COMPANY: COMPANY SNAPSHOT
13.1.3 IBM
FIGURE 56 IBM: COMPANY SNAPSHOT
13.1.4 NETAPP
FIGURE 57 NETAPP: COMPANY SNAPSHOT
13.1.5 HITACHI
FIGURE 58 HITACHI: COMPANY SNAPSHOT
13.1.6 TOSHIBA
FIGURE 59 TOSHIBA: COMPANY SNAPSHOT
13.1.7 PURE STORAGE
FIGURE 60 PURE STORAGE: COMPANY SNAPSHOT
13.1.8 NUTANIX
FIGURE 61 NUTANIX: COMPANY SNAPSHOT
13.1.9 SCALITY
13.1.10 MICRON TECHNOLOGY
FIGURE 62 MICRON TECHNOLOGY: COMPANY SNAPSHOT
13.2 OTHER KEY PLAYERS
13.2.1 TINTRI
13.2.2 CLOUDIAN
13.2.3 DROBO
13.2.4 QUANTUM
13.2.5 WESTERN DIGITAL
13.2.6 SAMSUNG
13.2.7 FUJITSU
13.2.8 VMWARE
13.2.9 NEXENTA SYSTEMS
13.2.10 NETGEAR
13.2.11 INSPUR
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
13.3 RIGHT TO WIN
14 ADJACENT & RELATED MARKETS (Page No. - 206)
14.1 INTRODUCTION
14.2 LIMITATIONS
FIGURE 63 NETWORK ATTACHED STORAGE MARKET: VALUE CHAIN
14.3 NETWORK ATTACHED STORAGE MARKET
14.3.1 MARKET DEFINITION
14.3.1.1 Inclusions and exclusions
14.3.2 MARKET OVERVIEW
FIGURE 64 HEALTHCARE INDUSTRY TO EXHIBIT HIGHEST CAGR IN NAS MARKET FROM 2020 TO 2025
14.4 NETWORK-ATTACHED STORAGE MARKET, BY END-USER INDUSTRY
FIGURE 65 HEALTHCARE INDUSTRY TO REGISTER HIGHEST CAGR IN NAS MARKET DURING FORECAST PERIOD
TABLE 178 NAS MARKET, BY END-USER INDUSTRY, 20172025 (USD MILLION)
14.5 NETWORK ATTACHED STORAGE MARKET, BY END-USER INDUSTRY
FIGURE 66 NAS MARKET IN APAC TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
TABLE 179 NAS MARKET, BY REGION, 20172025 (USD MILLION)
15 APPENDIX (Page No. - 214)
15.1 INSIGHTS OF INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
15.4 AVAILABLE CUSTOMIZATIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
The study involved four major activities in estimating the size for next-generation data storage market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chains through primary research. The bottom-up approach was employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to for this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications; articles from recognized authors; directories; and databases. The secondary data have been collected and analyzed to arrive at the overall market size, which has been further validated through primary research.
Primary Research
Extensive primary research has been conducted after gaining knowledge about the next-generation data storage market scenario through secondary research. Several primary interviews have been conducted with experts from both demand and supply sides across 4 major regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). This primary data has been collected through questionnaires, emails, and telephonic interviews. Approximately 70% and 30% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report.
After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts opinions, has led us to the findings as described in the remainder of this report.
Following is the breakdown of primary respondents
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
- Top-down and bottom-up approaches have been used to estimate and validate the size of the next-generation data storage market and various dependent submarkets. The key players in the market have been identified through secondary research, and their market share in the respective regions has been determined through primary and secondary research.
- In the top-down approach, the overall market size has been used to estimate the size of the individual markets (mentioned in the market segmentation) derived through percentage splits from secondary and primary research.
- For the calculation of specific market segments, the most appropriate parent market size has been considered to implement the top-down approach. The bottom-up approach has also been implemented for the data extracted from the secondary research to validate the obtained market size of segments.
- The bottom-up approach has been employed to arrive at the overall size of the next-generation data storage market, in terms of volume, and to determine the average selling price of next-generation data storage products. The multiplication of the number of unit shipments and the average selling price led to the estimation of the overall size of the next-generation data storage market.
To know about the assumptions considered for the study, Request for Free Sample Report
Data Triangulation
After arriving at the overall market size from the market size estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends from, both, demand and supply sides. In addition to this, the market size has been validated using both top-down and bottom-up approaches.
Report Objectives
- To define, describe, and forecast the next-generation data storage market on the basis of storage system, storage architecture, storage medium, and end user
- To forecast the market size, in terms of value, for the mentioned segments with respect to 4 regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding drivers, restraints, opportunities, and challenges, the major factors influencing the growth of the market
- To strategically analyze micromarkets with respect to the individual growth trends, prospects, and contribution to the total market
- To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the next-generation data storage market, and provide details of the competitive landscape for the market leaders
- To strategically profile the key players and comprehensively analyze their product portfolios, market ranking, and core competencies
- To analyze growth strategies, such as product launches and developments, acquisitions, partnerships, collaborations, and agreements, adopted by the major players in the next-generation data storage market
- To map the competitive intelligence based on the company profiles, key player strategies, and game-changing developments, such as product developments, collaborations, and acquisitions
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the companys specific needs. The following customization options are available for this report:
- Detailed analysis and profiling of additional market players (up to 5)
- Additional country-level analysis of next-generation data storage market
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Growth opportunities and latent adjacency in Next-Generation Data Storage Market