Next-Generation Data Storage Market by System (Direct-Attached, Network-Attached, Storage Area Network, Software-defined, Cloud, Unified), Architecture (File, Object, Block), Technology (Magnetic, Solid-State), and Industry - Global Forecast to 2022
Next-generation data storage includes computing technologies and devices that are used to store, port, and extract data in a quicker and more efficient way. It deals with data security, data management, and harnessing of the information to meet the application and software networking needs of the end-user industries. Next-generation data storage comprises various computer-controlled systems and equipment which are used to store and accurately retrieve data for reuse.
The next-generation data storage market is expected to be valued at USD 144.76 Billion by 2022, at a CAGR of 16.76% between 2016 and 2022. The major upcoming/trending technologies and products in the next-generation data storage market are DNA storage, holographic storage, controlled replication under scalable hashing (CRUSH), and data fabric technology. This report provides a detailed analysis of the next-generation data storage market based on storage system, storage architecture, storage technology, end-user industry, and geography.
The years considered for the study are as follows:
- Base year: 2015
- Estimated year: 2016
- Projected year: 2022
- Forecast period: 20162022
The major objectives of the study are as follows:
- To define, describe, and forecast the next-generation data storage market on the basis of storage architecture, storage technology, storage system, and end-user industry
- To forecast the market size, in terms of value, for the mentioned segments with respect to five regions, namely, North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze the competitive environment prevailing in the next-generation data storage market through Porters five forces analytical framework
- To strategically profile the key players and comprehensively analyze their product portfolios, market shares, and core competencies
- To analyze strategic developments such as new product launches, acquisitions, expansions, and agreements in the next-generation data storage market
During this research study, the major players of the next-generation data storage ecosystem in various regions have been identified and their offerings, regional presence, and distribution channels have been understood through in-depth discussions. To find the overall market size, top-down and bottom-up approaches have been used to estimate the sizes of other individual markets by using percentage splits from secondary sources such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource and the primary research. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews with industry leaders such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region.
To know about the assumptions considered for the study, download the pdf brochure
The ecosystem of the next-generation data storage market comprises a well-established network of manufacturers, distributors, hardware vendors, and service providers. The key companies in the next-generation data storage market are Dell Inc. (U.S.), HPE Company (U.S.), NetApp, Inc. (U.S.), Hitachi Ltd. (Japan), and IBM Corp. (U.S). The prominent companies in the market include the well-established, financially stable, and technically expert players that have been operating in the industry for several years and have diversified product portfolios, proprietary technologies, and strong distribution networks through collaborations and acquisitions.
Target Audience:
- Semiconductor foundries
- ODMs and OEMs
- Research institutes
- Market research and consulting firms
- Technology forums, alliances, and associations
- Technology investors
- Analysts and strategic business planners
Report Scope
The research report segments the next-generation data storage market into the following submarkets:
By Storage System
- Direct-Attached Storage
- Network-Attached storage
- Cloud Storage
- Unified Storage
- Storage Area Network
- Software-Defined Storage
By Storage Architecture
- File- and Object-based Storage
- File storage
- Object storage
- Block Storage
By Technology
- Magnetic Storage
- Hard disk
- Magnetic tape
- Solid-State Storage
- All-flash arrays
- Hybrid flash arrays
- Others
By End-User Industry
- BFSI
- Consumer Goods & Retail
- Telecommunications & ITES
- Healthcare
- Energy
- Government
- Education & Research
- Media & Entertainment
- Manufacturing
- Business & Consulting
- Others
Geography
- North America
- Europe
- APAC
- RoW
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the clients specific needs. The following customization options are available for the report:
Geographic Analysis
- Further analysis of the next-generation data storage market for additional countries
Company Information
- Detailed analysis and profiling of additional market players (up to five)
The next-generation data storage market is expected to be valued at USD 144.76 Billion by 2022, at a CAGR of 16.76% between 2016 and 2022. Some of the key factors driving this market are the increasing volume of digital data, increasing proliferation of smartphones, laptops, and tablets, and growth of the Internet of Things (IoT) market. However, delivering robust and high-speed data storage acts as challenges to the next-generation data storage market.
Network-attached storage (NAS) is expected to lead the market in 2022. The demand for NAS is increasing because of higher growth of big data and the Internet of Things (IoT) market. The market for cloud storage systems is expected to grow at the highest CAGR during the forecast period. The enterprises today are focusing on advanced storage systems to gain competitive edge over their competitors. The major factors driving the cloud storage system market include increasing demand for hybrid cloud storage, growing need for enterprise mobility, and ease of deployment of cloud storage solutions.
The object-based storage is expected to grow at the fastest CAGR, among all other storage architecture in the next-generation data storage market. The growing demand for object-based storage is owing to its greater scalability and resilience than other storage architecture. The infrastructure issues associated with increasing data growth are solved by object storage by simply adding additional nodes to the existing architecture. Object storage also provides high level of data security by storing multiple copies of data over distributed network while mitigating the cost. Also, object storage offers inexpensive operational efficiency for cloud to allow data movement back and forth without application change. Through data management software, large amount of data can be stored at low cost on a read-only basis.
The solid-state storage is the fastest growing segment in data storage technology owing to its high performance and fast operation. Hybrid flash arrays led the solid-state storage market in 2015. As adoption of new technologies is relatively slow in the data storage market, hybrid storage offers cost optimization with required performance. Therefore, organizations prefer to have hybrid storage array than shifting the data infrastructure to an entirely new technology.
Among all the major end-user industry applications of the next-generation data storage, the market for the healthcare industry is expected to grow at the highest CAGR during the forecast period. The need for data storage in the healthcare industry is mostly due to improvements in data analytics, adoption of wearable technology for health monitoring, and scientific research. Patient records including e-mails, back office, tracking records, and so on requires high-capacity data storage. Next-generation data storage offers scalable and secured solutions, allowing economic growth as the dataset increases and performance needs change. Therefore, the healthcare industry is expected to adopt next-generation data storage at the highest rate.
In terms of geographic regions, North America held the largest share of the next-generation data storage market in 2015. The key driving factors for increasing adoption of next-generation data storage devices in this region are fast-growing BFSI, consumer goods and retail, and telecommunications and ITES markets which demand for advanced data storage to boost productivity and profitability through efficient data management.
Also, the adoption of smart technologies such as big data, IoT, and virtualization in North America is generating need for IT infrastructure to manage a large amount of data, every industry in North America is being digitized and demands advanced data storage solutions. All these factors are driving the growth of next-generation data storage market in North America region.
Lack of structured data and lack of data security in cloud and server-based storage are the major restraints for the growth of the next-generation data storage market.
Dell Inc. (U.S.) is one of the leading companies in the next-generation data storage market, followed by HPE Company (U.S.), providing advanced flash and hybrid flash arrays to address the performance challenges in the data storage market. Companies are strengthening their product portfolio with hybrid cloud storage which is one of the major trends in this market. The key players in this market adopted inorganic growth strategies and are undertaking partnerships and collaborations to acquire new technologies.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
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. - 27)
4 Premium Insights (Page No. - 33)
4.1 Next-Generation Data Storage Market Opportunities
4.2 Market, By Solid-State Storage, 20132022 (USD Billion)
4.3 Market, By Magnetic Storage, 20132022 (USD Billion)
4.4 Geographic Snapshot of the Market
4.5 Market, By File- and Object-Based Storage (FOBS), 20132022 (USD Billion)
5 Market Overview (Page No. - 36)
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Storage Architecture
5.2.2 By Storage Technology
5.2.3 By Storage System
5.2.4 By End-User Industry
5.2.5 Geographic Scope
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Volume of Digital Data
5.3.1.2 Increasing Proliferation of Smartphones, Laptops, and Tablets
5.3.1.3 Growth of the IoT Market
5.3.2 Restraints
5.3.2.1 Lack of Data Security in Cloud and Server-Based Services
5.3.2.2 Less Structured Data
5.3.3 Opportunities
5.3.3.1 Rising Need for Data Analytics
5.3.3.2 Growing Adoption of Solid-State Devices
5.3.4 Challenges
5.3.4.1 Delivering Robust and High-Speed Data Storage
6 Industry Trends (Page No. - 44)
6.1 Introduction
6.2 Value Chain Analysis
6.3 Industry Trends
6.4 Porters Five Forces Analysis
6.4.1 Threat of New Entrants
6.4.2 Threat 0f Substitutes
6.4.3 Bargaining Power of Buyers
6.4.4 Bargaining Power of Suppliers
6.4.5 Intensity of Competitive Rivalry
7 Market, By Storage System (Page No. - 54)
7.1 Introduction
7.2 Direct-Attached Storage
7.3 Network-Attached Storage (NAS)
7.4 Cloud Storage
7.5 Unified Storage
7.6 Storage Area Network (SAN)
7.7 Software-Defined Storage (SDS)
8 Market, By Storage Architecture (Page No. - 63)
8.1 Introduction
8.2 File- and Object-Based Storage (FOBS)
8.2.1 File Storage
8.2.2 Object Storage
8.3 Block Storage
9 Market, By Storage Technology (Page No. - 67)
9.1 Introduction
9.2 Magnetic Storage
9.2.1 Hard Disk
9.2.2 Magnetic Tape
9.3 Solid-State Storage
9.3.1 All-Flash Arrays
9.3.2 Hybrid Flash Arrays
9.4 Others
10 Market, By End-User Industry (Page No. - 73)
10.1 Introduction
10.2 Banking, Financial Services, and Insurance (BFSI)
10.3 Consumer Goods & Retail
10.4 Telecommunications & Ites
10.5 Healthcare
10.6 Energy
10.7 Government
10.8 Education & Research
10.9 Media & Entertainment
10.10 Manufacturing
10.11 Business & Consulting
10.12 Others
11 Market, By Geography (Page No. - 96)
11.1 Introduction
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 U.K.
11.3.2 Germany
11.3.3 France
11.3.4 Rest of Europe
11.4 Asia-Pacific (APAC)
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 South Korea
11.4.5 Rest of APAC
11.5 Rest of the World (RoW)
11.5.1 Middle East and Africa
11.5.2 South America
12 Competitive Landscape (Page No. - 123)
12.1 Overview
12.2 Market Share Analysis: Next-Generation Data Storage Market, 2015
12.3 Competitive Situations and Trends
12.3.1 New Product Developments and Launches
12.3.2 Partnerships and Collaborations
12.3.3 Acquisitions
12.3.4 Agreements
12.3.5 Expansions
13 Company Profiles (Page No. - 130)
13.1 Introduction
13.2 Dell Inc. (U.S.)
13.3 Hewlett Packard Enterprise (HPE) Company (U.S.)
13.4 NetApp, Inc. (U.S.)
13.5 Hitachi Ltd. (Japan)
13.6 IBM Corp. (U.S.)
13.7 Toshiba Corp. (Japan)
13.8 Pure Storage, Inc. (U.S.)
13.9 Nutanix, Inc. (U.S.)
13.10 Tintri, Inc. (U.S.)
13.11 Simplivity Corp. (U.S.)
13.12 Scality, Inc. (U.S.)
14 Appendix (Page No. - 159)
14.1 Insights of Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets Subscription Portal
14.4 Introducing RT: Real-Time Market Intelligence
14.5 Available Customizations
14.6 Related Reports
List of Tables (67 Tables)
Table 1 Next-Generation Data Storage Market, By Storage System, 20132022 (USD Billion)
Table 2 Market for Direct-Attached Storage (DAS) System, By End-User Industry, 20132022 (USD Million)
Table 3 Market for Network-Attached Storage (NAS) System, By End-User Industry, 20132022 (USD Million)
Table 4 Market for Cloud Storage System, By End-User Industry, 20132022 (USD Million)
Table 5 Market for Unified Storage System, By End-User Industry, 20132022 (USD Million)
Table 6 Market for Storage Area Network (SAN) System, By End-User Industry, 20132022 (USD Million)
Table 7 Market for Software-Defined Storage (SDS) System, By End-User Industry, 20132022 (USD Million)
Table 8 Next-Generation Data Storage Market, By Storage Architecture, 20132022 (USD Billion)
Table 9 Market, By File- and Object-Based Storage (FOBS), 20132022 (USD Billion)
Table 10 Market, By Storage Technology, 20132022 (USD Billion)
Table 11 Market, By Magnetic Storage, 20132022 (USD Billion)
Table 12 Market, By Solid-State Storage, 20132022 (USD Billion)
Table 13 Market, By End-User Industry, 20132022 (USD Billion)
Table 14 Market for the BFSI Industry, By Storage System, 20132022 (USD Million)
Table 15 Next-Generation Data Storage Market for the BFSI Industry, By Region, 20132022 (USD Million)
Table 16 Market for the Consumer Goods & Retail Industry, By Storage System, 20132022 (USD Million)
Table 17 Market for the Consumer Goods & Retail Industry, By Region, 20132022 (USD Million)
Table 18 Market for the Telecommunications & Ites Industry, By Storage System, 20132022 (USD Million)
Table 19 Market for the Telecommunications & Ites Industry, By Region, 20132022 (USD Million)
Table 20 Market for the Healthcare Industry, By Storage System, 20132022 (USD Million)
Table 21 Market for the Healthcare Industry, By Region, 20132022 (USD Million)
Table 22 Market for the Energy Industry, By Storage System, 20132022 (USD Million)
Table 23 Next-Generation Data Storage Market for the Energy Industry, By Region, 20132022 (USD Million)
Table 24 Market for the Government Sector, By Storage System, 20132022 (USD Million)
Table 25 Market for the Government Sector, By Region, 20132022 (USD Million)
Table 26 Market for the Education & Research Industry, By Storage System, 20132022 (USD Million)
Table 27 Market for the Education & Research Industry, By Region, 20132022 (USD Million)
Table 28 Market for the Media & Entertainment Industry, By Storage System, 20132022 (USD Million)
Table 29 Next-Generation Data Storage Market for the Media & Entertainment Industry, By Region, 20132022 (USD Million)
Table 30 Market for the Manufacturing Industry, By Storage System, 20132022 (USD Million)
Table 31 Market for the Manufacturing Industry, By Region, 20132022 (USD Million)
Table 32 Market for the Business & Consulting Industry, By Storage System, 20132022 (USD Million)
Table 33 Market for the Business & Consulting Industry, By Region, 20132022 (USD Million)
Table 34 Market for Other Industries, By Storage System, 20132022 (USD Million)
Table 35 Next-Generation Data Storage Market for Other Industries, By Region, 20132022 (USD Million)
Table 36 Market, By Region, 20132022 (USD Billion)
Table 37 Market in North America, By Country, 20132022 (USD Billion)
Table 38 Market in North America, By End-User Industry, 20132022 (USD Million)
Table 39 Market in North America, By Storage Technology, 20132022 (USD Million)
Table 40 Market in U.S., By Storage Technology, 20132022 (USD Million)
Table 41 Market in Canada, By Storage Technology, 20132022 (USD Million)
Table 42 Next-Generation Data Storage Market in Mexico, By Storage Technology, 20132022 (USD Million)
Table 43 Market in Europe, By Country, 20132022 (USD Billion)
Table 44 Market in Europe, By End-User Industry, 20132022 (USD Million)
Table 45 Market in Europe, By Storage Technology, 20132022 (USD Million)
Table 46 Market in U.K., By Storage Technology, 20132022 (USD Million)
Table 47 Market in Germany, By Storage Technology, 20132022 (USD Million)
Table 48 Next-Generation Data Storage Market in France, By Storage Technology, 20132022 (USD Million)
Table 49 Market in the Rest of Europe, By Storage Technology, 20132022 (USD Million)
Table 50 Market in APAC, By Country, 20132022 (USD Billion)
Table 51 Market in APAC, By End-User Industry, 20132022 (USD Million)
Table 52 Market in APAC, By Storage Technology, 20132022 (USD Million)
Table 53 Market in China, By Storage Technology, 20132022 (USD Million)
Table 54 Next-Generation Data Storage Market in Japan, By Storage Technology, 20132022 (USD Million)
Table 55 Market in India, By Storage Technology, 20132022 (USD Million)
Table 56 Market in South Korea, By Storage Technology, 20132022 (USD Million)
Table 57 Market in Rest of APAC, By Storage Technology, 20132022 (USD Million)
Table 58 Market in RoW, By Country, 20132022 (USD Billion)
Table 59 Market in RoW, By End-User Industry, 20132022 (USD Million)
Table 60 Market in RoW, By Storage Technology, 20132022 (USD Million)
Table 61 Market in Middle East & Africa, By Storage Technology, 20132022 (USD Million)
Table 62 Market in South America, By Storage Technology, 20132022 (USD Million)
Table 63 New Product Developments and Launches, 20152016
Table 64 Partnerships and Collaborations, 20152016
Table 65 Acquisitions, 20142016
Table 66 Agreements, 20142015
Table 67 Expansions, 20142015
List of Figures (67 Figures)
Figure 1 Market Segmentation
Figure 2 Next-Generation Data Storage Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Cloud Storage Market Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 7 File- and Object-Based Storage (FOBS) Market Expected to Register High Growth During the Forecast Period
Figure 8 Solid-State Storage Market Expected to Grow at the Highest Rate During the Forecast Period
Figure 9 Data Storage Market in the Healthcare Industry Expected to Grow at the Highest Rate During the Forecast Period
Figure 10 North America Accounted for the Largest Market Share in 2015
Figure 11 Opportunities for Next-Generation Data Storage in Emerging Markets to Provide Lucrative Growth Prospects During the Forecast Period
Figure 12 Market for All-Flash Arrays Expected to Grow at A High Rate During the Forecast Period
Figure 13 Market for Hard Disk Expected to Grow at A High Rate During the Forecast Period
Figure 14 Market in South America Expected to Grow at the Highest Rate During the Forecast Period
Figure 15 Market for Object Storage Expected to Grow at the High Rate During the Forecast Period
Figure 16 Geographic Segmentation of the Market
Figure 17 Increasing Proliferation of Smartphones, Laptops, and Tablets is the Major Driver for the Next-Generation Data Storage Market
Figure 18 Amount of Digital Data Produced Worldwide, 20132020 (Zettabytes)
Figure 19 Value Chain: Market, 2015
Figure 20 Key Industry Trends in the Market
Figure 21 Porters Five Forces Analysis of the Market (2015)
Figure 22 Impact Analysis Through Porters Five Forces , 2015
Figure 23 Impact of the Threat of New Entrants Was Medium
Figure 24 Impact of the Threat of Substitutes Was High
Figure 25 Impact of the Bargaining Power of Buyers Was Medium
Figure 26 Impact of the Bargaining Power of Suppliers Was Low
Figure 27 Impact of the Intensity of Competitive Rivalry Was High
Figure 28 Market, By Storage System
Figure 29 Market for Cloud Storage System Expected to Grow at the Highest Rate During the Forecast Period
Figure 30 Market, By Storage Architecture
Figure 31 Market for Object-Based Storage Expected to Grow at the Highest Rate During the Forecast Period
Figure 32 Market, By Storage Technology
Figure 33 Market for Solid-State Storage Expected to Grow at the Highest Rate During the Forecast Period
Figure 34 Market, By End-User Industry
Figure 35 Market for the Healthcare Industry Expected to Grow at the Highest Rate During the Forecast Period
Figure 36 Market for Software-Defined Storage in the Consumer Goods & Retail Industry Expected to Grow at the Highest CAGR During Forecast Period
Figure 37 Market the Healthcare Industry is Expected to Grow at the Highest Rate in RoW During the Forecast Period
Figure 38 Market for Cloud Storage in the Government Sector Expected to Grow at the Highest CAGR During the Forecast Period
Figure 39 Market for the Manufacturing Industry Expected to Grow at the Highest CAGR in RoW During the Forecast Period
Figure 40 North America Holds the Largest Share of the Market in the Business and Consulting Industry in 2015
Figure 41 Market for South America is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 42 North America: Next-Generation Data Storage Market Snapshot
Figure 43 Market for the Solid-State Storage Technology in the U.S. Expected to Grow at the Highest Rate During the Forecast Period
Figure 44 Europe: Market Snapshot
Figure 45 Market in Germany Expected to Grow at the Highest Rate Compared With Other Nations in Europe During the Forecast Period
Figure 46 Market for the Solid-State Storage Technology in Germany Expected to Grow at the Highest Rate During the Forecast Period
Figure 47 Asia-Pacific: Market Snapshot
Figure 48 Market in Japan Expected to Grow at the Highest Rate Compared With Other Nations in APAC During the Forecast Period
Figure 49 Market for Solid-State Storage Technology in India Expected to Grow at the Highest Rate During the Forecast Period
Figure 50 RoW: Market Snapshot
Figure 51 Market in South America Expected to Grow at the Highest Rate Compared With Other Nations in RoW During the Forecast Period
Figure 52 Market for Solid-State Storage Technology in Middle East & Africa Expected to Grow at the Highest Rate During the Forecast Period
Figure 53 Companies Adopted New Product Launches and Acquisitions as the Key Growth Strategies Over the Last Four Years (20132016)
Figure 54 Market Share Analysis: Market, 2015
Figure 55 Battle for Market Share: New Product Developments and Launches Were the Key Growth Strategies Adopted
Figure 56 Geographic Revenue Mix of the Major Market Players
Figure 57 SWOT Analysis: Dell Inc. (U.S.)
Figure 58 HPE Company (U.S.): Company Snapshot
Figure 59 SWOT Analysis: HPE Company (U.S.)
Figure 60 NetApp, Inc. (U.S.): Company Snapshot
Figure 61 SWOT Analysis: NetApp, Inc. (U.S.)
Figure 62 Hitachi Limited (Japan): Company Snapshot
Figure 63 SWOT Analysis: Hitachi Limited (Japan)
Figure 64 IBM Corp. (U.S.): Company Snapshot
Figure 65 SWOT Analysis: IBM Corp. (U.S.)
Figure 66 Toshiba Corp. (Japan): Company Snapshot
Figure 67 Pure Storage, Inc. (U.S.): Company Snapshot
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Growth opportunities and latent adjacency in Next-Generation Data Storage Market