Global Next-Generation Data Storage Market Analysis & Trends - Industry Forecast to 2030

Global Next-Generation Data Storage Market Analysis & Trends - Industry Forecast to 2030

The Global Next-Generation Data Storage Market is poised to grow at a CAGR of around 8.7% over the next decade to reach approximately $109.4 billion by 2030. Some of the prominent trends that the market is witnessing include massive growth in digital data volumes, increased need for data analytics, and growing adoption of cloud storage and solid-state drives.

Based on the storage system, the market is segregated into storage area network (SAN), direct attached storage (DAS), network attached storage (NAS), cloud storage, software-defined storage (SDS), and unified storage.

By storage architecture, the market is fragmented into file and object-based storage (FOBS) and block storage.

For the storage medium, the market is segregated into magnetic tape, hard disk drive, solid-state drive, holographic, heat assisted magnetic recording, optical storage, and floppy disks. The solid-state drive segment is further divided into hybrid flash arrays and all-flash arrays.

Among the storage type, the market is segmented into hybrid, remote (cloud), and local (on-premise).

Based on the end user, the market is segregated into government bodies, home, big data storage, enterprise, cloud service providers, telecommunication & information technology enabled services (ITES), and other end users. Moreover, enterprise segment is further bifurcated into banking, financial services and insurance (BFSI), consumer goods, retail, media and entertainment, healthcare, manufacturing, and other enterprises. The other end users segment is further divided into corporates and utilities. Furthermore, other enterprises segment is further bifurcated into energy, business and consulting, education and research, and aerospace and defense.

By application, the market is fragmented into small and medium enterprises (SMEs) and large enterprises.

This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2022, 2023 revenue estimations are presented for 2024 and forecasts from 2025 till 2030. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.

The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

This report provides data tables, includes charts and graphs for visual analysis.

Regional Analysis:
North America
- US
- Canada
- Mexico

Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe

Asia Pacific
- China
- Japan
- India
- Australia
- New Zealand
- Rest of Asia Pacific

Middle East
- Saudi Arabia
- UAE
- Rest of Middle East

Latin America
- Argentina
- Brazil
- Rest of Latin America

Rest of the World
- South Africa
- Others

Report Highlights:
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2030, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2030
- Market opportunities and recommendations for new investments