Market Analysis
The next-generation data storage technologies market will touch
USD 149 billion at a whopping 19% CAGR between the forecast period
2016- 2022, states the recent Market Research Future (MRFR) analysis.
Next-generation storage technology comprises technologically advanced data
storage solutions and products to handle with increasing file sizes and an
increased amount of unstructured data. It manages large data securely and
allows fast, secure, and reliable data recovery in a cost-effective
manner.
Various factors are propelling the next-generation data
storage technologies market growth. According to the recent MRFR report, such
factors include the massive growth of digital data volume, proliferated use of
tablets, laptops, and smartphones, rising penetration of high-end cloud
computing, growth of the IoT market, the ubiquity of output and input devices
in each sector, need to manage, analyze, and store huge amount of data,
technological advancements, and growing demand for advanced time-saving
technologies such as internet of things, online shopping, smart technologies,
and automated systems.
On the contrary, a high level of data consistency, lack of
security, restore and repair issues, technological complexity, and the COVID-19
impact are factors that may limit the next-generation data storage technologies
market growth over the forecast period.
Key Players
Quantum Corporation (U.S.), Toshiba Corporation (Japan),
NetApp, Inc. (U.S.), Nutanix (U.S.), Micron Technology Inc. (U.S.), Sandisk
Corporation (U.S.), Hewlett-Packard Development Company (U.S.), VMware, Inc.
(U.S.), IBM Corporation (U.S), and Dell Inc. (U.S.).
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Market Segmentation
·
By type, the global
next-generation data storage technologies market is segmented into optical
storage, software defined storage (SDS), hybrid storage arrays, cloud-based
storage service, magnetic storage, all flash arrays, and others.
·
By memory, the
next-generation data storage technologies market is segmented into hybrid
memory, racetrack memory, 3D chip memory, phase change memory, atomic scale
magnetic memory, and others.
·
By
solution, the next-generation data storage technologies market is
segmented into computing devices, cloud services, big data storage, enterprise
data storage, and others. Of these, the enterprise data storage solution
segment will lead the market over the forecast period.
Regional Analysis
By region, the next-generation data storage technologies
market report covers the growth opportunity and recent trends across Europe,
North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of
these, North America will have the lion's share in the market over the forecast
period. The presence of global players, growing input-output devices, the
rising volume of unstructured data across different industries, rapid
technological advances, and demand for cost-effective, reliable, and secure
storage infrastructure are adding to the global next-generation data storage
technologies market growth in the region.
In Europe, the global next-generation data storage
technologies market is predicted to hold the second-largest share over the
forecast period.
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Information: https://www.marketresearchfuture.com/reports/next-generation-data-storage-technologies-market-1800
Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Next-Generation Data Storage Technologies
Market Segmentation
- Next-Generation Data Storage Technologies
Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
Continued...…
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