Next-Generation Data Storage Market

Market Leaders - the Next-Generation Data Storage Market

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 key opportunity for this market is the rising need for data analytics, growing adoption of solid-state devices, and so on. Some of the key factors driving this market are increasing volume of digital data, increasing proliferation of smartphones, laptops, and tablets, and growth of the Internet of Things (IoT) market.

The key players 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). Most of the leading companies have followed the organic strategy of new product developments & launches and inorganic strategies such as partnerships and collaborations to increase the revenue of the company. This market is evolving worldwide and many partnerships and collaborations are happening globally. These leading strategies in this market help the companies to sustain and grow in the technically competitive market.

Top 2 players in the next-generation data storage market
Dell Inc. (U.S.) is the leader in the next-generation data storage market. Dell Inc. (U.S.) has a diversified portfolio across all storage systems including direct-attached storage (DAS), network-attached storage (NAS), storage area network (SAN), software-defined storage (SDS), and cloud storage. The company acquired EMC Corp. (U.S.), a leading company in storage infrastructure and converged systems, to strengthen its market presence and product portfolio which includes world-class flash storage, converged systems, and cloud infrastructure. Dell Inc. (U.S.) launched Dell Storage Center Operating System 7 for adoption of flash. All-flash and hybrid flash arrays with deeper intelligence and industry-leading data efficiency are the key features of this product.

HPE Company (U.S.) is one of the leading companies and held a maximum share of the next-generation data storage market after Dell Inc. (U.S.). The company offers comprehensive enterprise solutions portfolio across industry applications. HPE Company (U.S.) launched a single infrastructure for all applications and operational models, from traditional to cloud. This is the first platform designed to run both traditional and cloud-native applications to derive the benefits of hybrid infrastructure. The new architecture called compostable infrastructure consists of three key designing principles: fluid resource pool, software-defined intelligence, and a unified API. The company offers storage platforms for enterprises and small- and medium-scale business environments. Virtualization, cloud, and IT as a service are served by the company’s flagship product 3PAR StoreServ Storage Platform. In February 2016, HPE Company (U.S.) acquired Trilead (Switzerland), a small data protection company, to focus on backup solutions on virtualized environment.

Related Reports:

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

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Report Code
SE 4697
Published ON
Nov, 2016
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