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
[179 Pages Report] 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 the IoT market; and increasing penetration of high-end cloud computing.
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 2024
Enterprises is expected to hold the largest share of next-generation data storage market based on end user by 2024. 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.
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 the next-generation data storage market.
Key Market Players
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).
Dell is one of the leading players in the next-generation data storage market. The company offers a comprehensive portfolio of advanced storage solutions, including traditional storage solutions as well as next-generation storage solutions (such as all-flash arrays, scale-out file, object platforms, and software-defined solutions). The global storage market is rapidly changing with continuous technological transformation. As data storage is a major component in the IT budget of many countries, it is difficult to switch to new technology. With the precise recognition of these challenges, Dell has been strategically focusing on enabling its customers to use additional technologies, alongside maintaining their existing platforms.
Recent Developments
- November 2018, HPE announced new innovations across its intelligent storage solutions to help customers unlock the potential of their data, drive actionable insights into new revenue streams, and deliver impact to their businesses. HPE introduced advancements in its Artificial Intelligence for Operations (AIOps) platform, HPE InfoSight; expansion of HPE Cloud Volumes, a multi-cloud storage service, to the UK and Ireland; HPE Memory-Driven Flash, a new class of enterprise storage built with storage class memory (SCM) and non-volatile memory express (NVMe) to help customers accelerate to hybrid cloud.
- In October 2018, IBM upgraded its StorWize arrays with the launch of the third-generation 7000 series, with support for NVMe flash storage and NVMe-over-fabrics (NVMf). It also unveiled Spectrum Discover, new data classification and metadata management software for file and object, along with a new high-capacity tape drive, TS1160.
- In February 2018, Dell EMC announced PowerEdge R6415, PowerEdge R7415, and PowerEdge R7425, 3 new servers designed for software-defined environments, edge, and high-performance computing (HPC).
Key questions addressed by the report
- How is the adoption of the next-generation data storage solutions evolving in various enterprises?
- What are the typical use cases of next-generation data storage devices across various end users?
- Which are the driving factors for the next-generation data storage market growth?
- How does increased unstructured data impact various end users?
- What are the new application areas of next-generation data storage?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 17)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 20)
2.1 Research Data
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
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 28)
4 Premium Insights (Page No. - 32)
4.1 Next-Generation Data Storage Market Opportunities
4.2 Next-Generation Data Storage Market in North America, By Country and End User
4.3 Next-Generation Data Storage Market, By Storage System
4.4 Next-Generation Data Storage Market, By Storage Architecture
4.5 Next-Generation Data Storage Market, By Storage Medium
4.6 Next-Generation Data Storage Market, By End User
4.7 Next-Generation Data Storage Market, By Geography
5 Market Overview (Page No. - 36)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Massive Growth in Digital Data Volumes
5.2.1.2 Proliferated Use of Smartphones, Laptops, and Tablets
5.2.1.3 Growth of IoT Market
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
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. - 43)
6.1 Introduction
6.2 Value Chain Analysis
6.3 Advantages of Next-Generation Data Storage Over Traditional Data Storage
6.4 Industry Trends
7 Next-Generation Data Storage Market, By Storage System (Page No. - 47)
7.1 Introduction
7.2 Direct-Attached Storage
7.2.1 Direct-Attached Storage is Oldest and Convenient Data Storage Systems
7.3 Network-Attached Storage
7.3.1 Network-Attached Storage to Grow at the Highest Rate
7.4 Storage Area Network
7.4.1 Storage Area Network Held Largest Share of Next-Generation Data Storage Market in 2018
8 Next-Generation Data Storage Market, By Storage Architecture (Page No. - 55)
8.1 Introduction
8.2 File- and Object-Based Storage
8.2.1 File Storage
8.2.1.1 File-Level Storage is Usually Used in NAS Devices as It Offer Comparatively More Storage Space
8.2.2 Object Storage
8.2.2.1 Object Storage is A Preferred Option By the Cloud Storage Providers Due to Its Massive Scalability and Shared Tenancy Features
8.3 Block Storage
8.3.1 Each Block is Controlled and Formatted on an Individual Basis, as Per the Need, By Server-Based Operating Systems in Block Storage
9 Next-Generation Data Storage Market, By Storage Medium (Page No. - 60)
9.1 Introduction
9.2 Hard Disk Drive
9.2.1 Hard Disk Drive Provides High Storage Capacities at Affordable Prices
9.3 Solid-State Drive
9.3.1 Solid-State Drive to Hold the Largest Share of Next-Generation Data Storage Market in 2024
9.4 Tape
9.4.1 Tape Offers for Long-Term Data Retention
10 Next-Generation Data Storage Market, By End User (Page No. - 64)
10.1 Introduction
10.2 Enterprises
10.2.1 BFSI
10.2.1.1 BFSI Held Largest Share of the Next-Generation Data Storage Market
10.2.2 Consumer Goods
10.2.2.1 Consumer Goods Sector Witnessed the High Adoption of Cloud Storage
10.2.3 Retail
10.2.3.1 Advent of Online Retailers is Boosting the Next-Generation Data Storage Market
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
10.2.5 Media and Entertainment
10.2.5.1 Implementation of Next-Generation Data Storage Systems Enables Efficient Content Management in Media and Entertainment Industry
10.2.6 Manufacturing
10.2.6.1 Advanced and Flexible Storage Solutions Help Manufactures Work Efficiently With the Available Data
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
10.3 Government Bodies
10.3.1 Government Bodies Worldwide Have Adopted Digitization and Data Analytics Technologies to Improve Their Strategic Planning
10.4 Telecom Companies
10.4.1 Data Science and Big Data Analytics are the Major Emerging Opportunities in the Telecom Sector
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
11 Geographic Analysis (Page No. - 86)
11.1 Introduction
11.2 North America
11.2.1 US
11.2.1.1 US Held Largest Market Size in North American Next-Generation Data Storage Market
11.2.2 Canada
11.2.2.1 Next-Generation Data Storage Solutions are Adopted in Canada to Address Effective Data Management
11.2.3 Mexico
11.2.3.1 Mexico is Expected to Witness the Highest Growth Rate in the North American Next-Generation Data Storage Market
11.3 Europe
11.3.1 UK
11.3.1.1 UK Held Largest Share of the European Next-Generation Data Storage Market
11.3.2 Germany
11.3.2.1 Connected Cars Would Generate an Enormous Amount of Data and Boost the Demand for Next-Generation Data Storage Solutions
11.3.3 France
11.3.3.1 France Shows Increasing Demand for Data Storage Across Various Industries Such as Online Retail, Food Processing, and Media and Entertainment
11.3.4 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.1.1 China Held Largest Share of Next-Generation Data Storage Market in APAC
11.4.2 Japan
11.4.2.1 Growing SMEs are Primarily Driving the Next-Generation Data Storage Market in Japan
11.4.3 India
11.4.3.1 Big Data, IoT, and Other Digital and Virtualized Platforms in India is Driving the Next-Generation Data Storage Market
11.4.4 South Korea
11.4.4.1 Growing IoT and Big Data Analytics is Driving the Growth of Next-Generation Data Storage Market in South Korea
11.4.5 Rest of APAC
11.4.5.1 High Demand for Datacenters Will Drive the Next-Generation Data Storage Market in the Rest of APAC
11.5 Rest of the World
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 Datacenters are Driving the Growth of Advanced Data Storage Systems in South America
12 Competitive Landscape (Page No. - 121)
12.1 Overview
12.2 Market Ranking Analysis: Next-Generation Data Storage Market, 2018
12.3 Competitive Leadership Mapping, 2018
12.3.1 Visionary Leaders
12.3.2 Innovators
12.3.3 Dynamic Differentiators
12.3.4 Emerging Companies
12.4 Competitive Situations and Trends
12.4.1 Product Launches and Developments
12.4.2 Partnerships and Collaborations
12.4.3 Acquisitions
12.4.4 Agreements
13 Company Profiles (Page No. - 129)
(Business Overview, Products and Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
13.1 Key Players
13.1.1 Dell
13.1.2 Hewlett Packard Enterprise (HPE) Company
13.1.3 IBM
13.1.4 Netapp
13.1.5 Hitachi
13.1.6 Toshiba
13.1.7 Pure Storage
13.1.8 Nutanix
13.1.9 Scality
13.1.10 Micron Technology
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 and Services Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 172)
14.1 Insights of Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets Subscription Portal
14.4 Available Customizations
14.5 Related Reports
14.6 Author Details
List of Tables (91 Tables)
Table 1 IoT Connections (Billion)
Table 2 Next-Generation Data Storage Market, By Storage System, 20162024 (USD Billion)
Table 3 Next-Generation Data Storage Market for Direct-Attached Storage, By End User, 20162024 (USD Billion)
Table 4 Direct-Attached Storage Market for Enterprises, By Vertical, 20162024 (USD Billion)
Table 5 Next-Generation Data Storage Market for Network-Attached, By End User, 20162024 (USD Billion)
Table 6 Network-Attached Storage Market for Enterprises, By Vertical, 20162024 (USD Billion)
Table 7 Next-Generation Data Storage Market for Storage Area Network, By End User, 20162024 (USD Billion)
Table 8 Storage Area Network Market for Enterprises, By Vertical, 20162024 (USD Billion)
Table 9 Next-Generation Data Storage Market, By Storage Architecture, 20162024 (USD Billion)
Table 10 Next-Generation Data Storage Market for File and Object-Based Storage, 20162024 (USD Billion)
Table 11 Next-Generation Data Storage Market, By Storage Medium, 20162024 (USD Billion)
Table 12 Next-Generation Data Storage Market, By End User, 20162024 (USD Billion)
Table 13 Next-Generation Data Storage Market for Enterprises, By Vertical, 20162024 (USD Billion)
Table 14 Next-Generation Data Storage Market for Enterprises, By Region, 20162024 (USD Billion)
Table 15 Next-Generation Data Storage Market for BFSI, By Storage System, 20162024 (USD Billion)
Table 16 Next-Generation Data Storage Market for BFSI, By Region, 20162024 (USD Billion)
Table 17 Next-Generation Data Storage Market for Consumer Goods, By Storage System, 20162024 (USD Billion)
Table 18 Next-Generation Data Storage Market for Consumer Goods, By Region, 20162024 (USD Billion)
Table 19 Next-Generation Data Storage Market for Retail, By Storage System, 20162024 (USD Billion)
Table 20 Next-Generation Data Storage Market for Retail, By Region, 20162024 (USD Billion)
Table 21 Next-Generation Data Storage Market for Healthcare, By Storage System, 20162024 (USD Billion)
Table 22 Next-Generation Data Storage Market for Healthcare, By Region, 20162024 (USD Million)
Table 23 Next-Generation Data Storage Market for Media and Entertainment, By Storage System, 20162024 (USD Billion)
Table 24 Next-Generation Data Storage Market for Media and Entertainment, By Region, 20162024 (USD Billion)
Table 25 Next-Generation Data Storage Market for Manufacturing, By Storage System, 20162024 (USD Billion)
Table 26 Next-Generation Data Storage Market for Manufacturing, By Region, 20162024 (USD Billion)
Table 27 Next-Generation Data Storage Market for Others, By Storage System, 20162024 (USD Billion)
Table 28 Next-Generation Data Storage Market for Others, By Region, 20162024 (USD Billion)
Table 29 Next-Generation Data Storage Market for Government Bodies, By Storage System, 20162024 (USD Billion)
Table 30 Next-Generation Data Storage Market for Government Bodies, By Region, 20162024 (USD Billion)
Table 31 Next-Generation Data Storage Market for Telecom Companies, By Storage System, 20162024 (USD Billion)
Table 32 Next-Generation Data Storage Market for Telecom Companies, By Region, 20162024 (USD Billion)
Table 33 Next-Generation Data Storage Market for Cloud Service Providers, By Cloud Type, 20162024 (USD Billion)
Table 34 Next-Generation Data Storage Market for Cloud Service Providers, By Storage System, 20162024 (USD Billion)
Table 35 Next-Generation Data Storage Market for Cloud Service Providers, By Region, 20162024 (USD Billion)
Table 36 Next-Generation Data Storage Market, By Region, 2016-2024 (USD Billion)
Table 37 Next-Generation Data Storage Market in North America, By End User, 20162024 (USD Billion)
Table 38 Next-Generation Data Storage Market in North America for Enterprises, By Country, 20162024 (USD Billion)
Table 39 Next-Generation Data Storage Market in North America for BFSI, By Country, 20162024 (USD Billion)
Table 40 Next-Generation Data Storage Market in North America for Healthcare, By Country, 20162024 (USD Billion)
Table 41 Next-Generation Data Storage Market in North America for Media and Entertainment, By Country, 20162024 (USD Billion)
Table 42 Next-Generation Data Storage Market in North America for Retail, By Country, 20162024 (USD Billion)
Table 43 Next-Generation Data Storage Market in North America for Consumer Goods, By Country, 20162024 (USD Billion)
Table 44 Next-Generation Data Storage Market in North America for Manufacturing, By Country, 20162024 (USD Billion)
Table 45 Next-Generation Data Storage Market in North America for Others, By Country, 20162024 (USD Billion)
Table 46 Next-Generation Data Storage Market in North America for Government Bodies, By Country, 20162024 (USD Billion)
Table 47 Next-Generation Data Storage Market in North America for Cloud Service Providers, By Country, 20162024 (USD Billion)
Table 48 Next-Generation Data Storage Market in North America for Telecom Companies, By Country, 20162024 (USD Billion)
Table 49 Next-Generation Data Storage Market in Europe, By Country, 20162024 (USD Billion)
Table 50 Next-Generation Data Storage Market in Europe, By End User, 20162024 (USD Billion)
Table 51 Next-Generation Data Storage Market in Europe for Enterprises, By Country, 20162024 (USD Billion)
Table 52 Next-Generation Data Storage Market in Europe for BFSI, By Country, 20162024 (USD Billion)
Table 53 Europe Next-Generation Data Storage Market in Europe for Healthcare, By Country, 20162024 (USD Million)
Table 54 Next-Generation Data Storage Market in Europe for Media and Entertainment, By Country, 20162024 (USD Million)
Table 55 Next-Generation Data Storage Market in Europe for Retail, By Country, 20162024 (USD Million)
Table 56 Next-Generation Data Storage Market in Europe for Consumer Goods, By Country, 20162024 (USD Billion)
Table 57 Next-Generation Data Storage Market in Europe for Manufacturing, By Country, 20162024 (USD Million)
Table 58 Next-Generation Data Storage Market in Europe for Others, By Country, 20162024 (USD Billion)
Table 59 Next-Generation Data Storage Market in Europe for Government Bodies, By Country, 20162024 (USD Million)
Table 60 Next-Generation Data Storage Market in Europe for Cloud Service Providers, By Country, 20162024 (USD Billion)
Table 61 Next-Generation Data Storage Market in for Telecom Companies, By Country, 20162024 (USD Billion)
Table 62 Next-Generation Data Storage Market in APAC, By Country, 20162024 (USD Billion)
Table 63 Next-Generation Data Storage Market in APAC, By End User, 20162024 (USD Billion)
Table 64 Next-Generation Data Storage Market in APAC for Enterprises, By Country, 20162024 (USD Billion)
Table 65 Next-Generation Data Storage Market in APAC for BFSI, By Country, 20162024 (USD Million)
Table 66 Next-Generation Data Storage Market in APAC for Healthcare, By Country, 20162024 (USD Billion)
Table 67 Next-Generation Data Storage Market in APAC for Media and Entertainment, By Country, 20162024 (USD Million)
Table 68 Next-Generation Data Storage Market in APAC for Retail, By Country, 20162024 (USD Million)
Table 69 Next-Generation Data Storage Market in APAC for Consumer Goods, By Country, 20162024 (USD Billion)
Table 70 Next-Generation Data Storage Market in APAC for Manufacturing, By Country, 20162024 (USD Billion)
Table 71 Next-Generation Data Storage Market in APAC for Others, By Country, 20162024 (USD Million)
Table 72 Next-Generation Data Storage Market in APAC for Government Bodies, By Country, 20162024 (USD Million)
Table 73 Next-Generation Data Storage Market in APAC for Cloud Service Providers, By Country, 20162024 (USD Billion)
Table 74 Next-Generation Data Storage Market in APAC for Telecom Companies, By Country, 20162024 (USD Billion)
Table 75 Next-Generation Data Storage Market in RoW, By Region, 20162024 (USD Billion)
Table 76 Next-Generation Data Storage Market in RoW, By End User, 20162024 (USD Billion)
Table 77 Next-Generation Data Storage Market in RoW for Enterprises, By Region, 20162024 (USD Billion)
Table 78 Next-Generation Data Storage Market in RoW for BFSI, By Region, 20162024 (USD Billion)
Table 79 Next-Generation Data Storage Market in RoW for Healthcare, By Region, 20162024 (USD Billion)
Table 80 Next-Generation Data Storage Market in RoW for Media and Entertainment, By Region, 20162024 (USD Billion)
Table 81 Next-Generation Data Storage Market in RoW for Retail, By Region, 20162024 (USD Billion)
Table 82 Next-Generation Data Storage Market in RoW for Consumer Goods, By Region, 20162024 (USD Billion)
Table 83 Next-Generation Data Storage Market in RoW for Manufacturing, By Region, 20162024 (USD Billion)
Table 84 Next-Generation Data Storage Market in RoW for Others, By Region, 20162024 (USD Billion)
Table 85 Next-Generation Data Storage Market in RoW for Government Bodies, By Region, 20162024 (USD Billion)
Table 86 Next-Generation Data Storage Market in RoW for Cloud Service Providers, By Region, 20162024 (USD Billion)
Table 87 Next-Generation Data Storage Market in RoW for Telecom Companies, By Region, 20162024 (USD Billion)
Table 88 Product Launches and Developments, 20162018
Table 89 Partnerships and Collaborations, 20162018
Table 90 Acquisitions, 2016-2018
Table 91 Agreements, 2016-2018
List of Figures (58 Figures)
Figure 1 Next-Generation Data Storage Segmentation
Figure 2 Next-Generation Data Storage Market: Research Design
Figure 3 Bottom-Up Approach: Market Size Estimation Methodology
Figure 4 Top-Down Approach: Market Size Estimation Methodology
Figure 5 Market Breakdown and Data Triangulation
Figure 6 Assumption for Research Study
Figure 7 SAN to Hold Largest Size of Next-Generation Data Storage Market During Forecast Period
Figure 8 Object Storage to Register Highest CAGR in Next-Generation Data Storage Market During Forecast Period
Figure 9 Solid State Drive to Hold Largest Share of Next-Generation Data Storage Market By 2024
Figure 10 Next-Generation Data Storage Market for Cloud Service Providers to Grow at Highest CAGR During Forecast Period
Figure 11 North America to Hold Largest Share of Next-Generation Data Storage Market By 2019
Figure 12 Opportunities in Emerging Markets for Next-Generation Data Storage to Provide Lucrative Growth Prospects During Forecast Period
Figure 13 US is Expected to Hold the Largest Share of Next-Generation Data Storage Market in North America in 2019
Figure 14 SAN to Hold Largest Share of Next-Generation Data Storage Market By 2024
Figure 15 Object Storage to Hold Largest Share of Next-Generation Data Storage Market By 2024
Figure 16 Next-Generation Data Storage Market for SSD to Grow at Highest CAGR During Forecast Period
Figure 17 Enterprises to Hold Largest Share of Next-Generation Data Storage Market During Forecast Period
Figure 18 Next-Generation Data Storage Market in South America to Grow at Highest CAGR During Forecast Period
Figure 19 Massive Surge in Volume of Digital Data is Major Driver for Next-Generation Data Storage Market
Figure 20 IP Traffic Per Month, 20172022
Figure 21 Mobile Internet Users and Smartphone Connections
Figure 22 Data Stored in Data Centres
Figure 23 Number of Global DDOS Attacks, 20172022
Figure 24 Value Chain: Next-Generation Data Storage Market
Figure 25 Traditional Storage Versus Cloud Storage
Figure 26 Key Industry Trends in Next-Generation Data Storage Market
Figure 27 Next-Generation Data Storage Market, By Storage System
Figure 28 SAN to Hold Largest Size of Next-Generation Data Storage Market By 2024
Figure 29 Network-Attached Storage Market for Cloud Service Providers to Grow at Highest Rate During Forecast Period
Figure 30 Storage Area Network Market for Cloud Service Providers to Grow at Highest CAGR During Forecast Period
Figure 31 Next-Generation Data Storage Market, By Storage Architecture
Figure 32 File and Object-Based Storage to Hold Larger Size of Next-Generation Data Storage Market During Forecast Period
Figure 33 Next-Generation Data Storage Market, By Storage Medium
Figure 34 Next-Generation Data Storage Market for Solid State Drive to Grow at Highest CAGR During Forecast Period
Figure 35 Next-Generation Data Storage Market, By End User
Figure 36 Enterprises to Hold Largest Share of Next-Generation Data Storage Market During Forecast Period
Figure 37 Next-Generation Data Storage Market for Healthcare to Grow at Highest CAGR During Forecast Period
Figure 38 Storage Area Network to Hold Largest Size of Next-Generation Data Storage Market for Consumer Goods During Forecast Period
Figure 39 North America to Hold Largest Share of Next-Generation Data Storage Market for Healthcare By 2024
Figure 40 North America to Hold Largest Size of Next-Generation Data Storage Market for Manufacturing During Forecast Period
Figure 41 NAS to Witness Highest CAGR in Next-Generation Data Storage Market for Government Bodies During Forecast Period
Figure 42 Public Cloud to Hold Larger of Next-Generation Data Storage Market During Forecast Period
Figure 43 RoW to Witness Highest CAGR in Next-Generation Data Storage Market During Forecast Period
Figure 44 North America: Next-Generation Data Storage Market Snapshot
Figure 45 Europe: Next-Generation Data Storage Market Snapshot
Figure 46 APAC: Next-Generation Data Storage Market Snapshot
Figure 47 RoW: Next-Generation Data Storage Market Snapshot
Figure 48 Companies Adopted Product Launch and Development as Key Growth Strategies During 20162018
Figure 49 Ranking of the Key Players in Next-Generation Data Storage Market, 2018
Figure 50 Next-Generation Data Storage Market (Global) Competitive Leadership Mapping, 2018
Figure 51 HPE Company: Company Snapshot
Figure 52 IBM: Company Snapshot
Figure 53 Netapp: Company Snapshot
Figure 54 Hitachi: Company Snapshot
Figure 55 Toshiba: Company Snapshot
Figure 56 Pure Storage: Company Snapshot
Figure 57 Nutanix: Company Snapshot
Figure 58 Micron Technology: Company Snapshot
This research study involves the use of extensive secondary sources-including directories and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource-to identify and collect information useful for this technical and commercial study of the next-generation data storage market. Primary sources were several experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, technology developers, and organizations related to all segments of this industrys value chain.
In-depth interviews with various primary respondents such as key industry participants, subject matter experts (SMEs), C-level executives of the key market players, and industry consultants have been conducted to obtain and verify critical qualitative and quantitative information as well as to assess the market prospects.
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.
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. This entire procedure involves the study of annual and financial reports of the top players and extensive interviews with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through the primary research, and analyzed to get the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this 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
Scope of Report
|
Report Metric |
Details |
|
Years considered to provide market size |
20162024 |
|
Base year considered |
2018 |
|
Forecast period |
20192024 |
|
Forecast units (In terms of value) |
USD |
|
Segments covered |
Storage system, storage architecture, storage medium, end user, and geography |
|
Regions covered |
North America, APAC, Europe, and RoW |
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Companies covered |
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) |
The next-generation data storage market has been segmented on the basis of storage system, storage architecture, storage medium, end user, and geography.
The next-generation data storage market based on storage system has been segmented as follows:
- Direct-attached storage
- Network-attached storage
- Storage area network
The next-generation data storage market based on storage architecture has been segmented as follows:
- Fil-and Object-based Storage
- File Storage
- Object Storage
- Block Storage
The next-generation data storage market based on storage medium has been segmented as follows:
- Hard Disk Drive (HDD)
- Solid-State Drive (SSD)
- Tape
The next-generation data storage market based on end user has been further segmented as follows:
- Enterprises
- BFSI
- Consumer goods
- Retail
- Healthcare
- Media and entertainment
- Manufacturing
- Others
- Government Bodies
- Telecom Companies
- Cloud service providers
Based on geography, the next-generation data storage market has been segmented as follows:<
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of APAC
- Rest of the World (RoW)
- Middle East and Africa (MEA)
- South America
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Growth opportunities and latent adjacency in Next-Generation Data Storage Market