The global next-generation data storage market is projected to grow at a CAGR of 8%-10% during 2020-2025. The growth of next-generation data storage market is driven by increasing usage of smartphones, laptops, and tablets, growth of IoT, and increasing demand for high end cloud computing.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the next-generation data storage market by storage architecture (file and object-based storage (FOBS) and block storage), storage medium (tape, hard disk drive, and solid state drive), storage system (direct attached storage (DAS), network attached storage (NAS), and storage area network (SAN)), end use industry (enterprises, governments, cloud service providers, telecom, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the next-generation data storage market?
Q.4 What are some changing demands of customers in the next-generation data storage market?
Q.5 What are the new developments in the next-generation data storage market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this next-generation data storage area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this next-generation data storage market?
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Market Segmentation:
Based on storage system, the next-generation data storage market is segmented into direct attached storage (DAS), network attached storage (NAS), and storage area network (SAN). The storage area network (SAN) segment accounted for the largest share of the market in 2020 due to its wide usage in cloud technology for its ability to connect a large number of servers to storage devices.
North America to be the largest region over the forecast period due to growing technological advancements and rising volume of unstructured data in many industries.
Key Players in the next-generation data storage market are Hewlett Packard Enterprise, Dell Inc., NetApp, Hitachi, International Business Machines Corporation, Toshiba Corporation, Pure Storage, Nutanix,, Scality, Micron Technology, Tintri, Cloudian, Drobo, Quantum Corporation, Western Digital Corporation, Samsun.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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Brandon Fitzgerald
Lucintel
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