Global Next-Generation Data Storage Market Size Study, By Storage System (Direct-Attached Storage, Network-Attached Storage, Storage Area Network), By Storage Technique (Magnetic Storage, SSD, Hybrid Flash Array), By Storage Type (Local, Remote, Hybrid),

Global Next-Generation Data Storage Market Size Study, By Storage System (Direct-Attached Storage, Network-Attached Storage, Storage Area Network), By Storage Technique (Magnetic Storage, SSD, Hybrid Flash Array), By Storage Type (Local, Remote, Hybrid), By End-use (Home, Business, BFSI, Healthcare, Government, Cloud Service Providers), and Regional Forecasts 2022-2032

The Global Next-Generation Data Storage Market is valued at USD 61.1 billion in 2023 and is projected to expand with a robust CAGR of 6.7% from 2024 to 2032, reaching a valuation of USD 109.53 billion by the end of the forecast period. This surge is predominantly driven by the escalating penetration of IoT across critical sectors such as retail, healthcare, and manufacturing, paired with the mounting reliance on cloud computing solutions. The digitization of data across residential and commercial spaces is further bolstered by the widespread adoption of advanced digital devices, including smartphones, tablets, and laptops, significantly propelling market growth.

The relentless generation of digital data within industries like BFSI, retail, and healthcare necessitates scalable and flexible storage solutions. Market participants are leaning heavily into cloud storage technologies for enhanced scalability and cost-effectiveness. The integration of Big Data analytics with cloud storage solutions is reshaping the landscape, facilitating real-time insights and superior customer experiences. Innovative technologies like crystal etching are being deployed to optimize data management.

Despite the high adoption costs in regions with limited economic bandwidth, such as APAC and MEA, the transformative potential of next-generation data storage, particularly in enabling advanced analytics and supporting complex IT infrastructures, is expected to unlock significant opportunities for growth. Rising investments in R&D and the adoption of hybrid storage solutions to address data security and performance demands are pivotal in driving this growth trajectory.

Key geographic markets such as North America, Europe, and Asia Pacific exhibit dynamic growth patterns. North America leads with robust infrastructure and regulatory support, while Asia Pacific is set to record the fastest CAGR, driven by burgeoning IT infrastructure and digital transformation initiatives.

Major market players included in this report are:
• Hewlett Packard Enterprise Company
• Dell Inc.
• NetApp, Inc.
• Hitachi, Ltd.
• International Business Machines Corporation
• Micron Technology, Inc.
• Netgear Inc.
• Inspur
• Western Digital Technologies, Inc.
• Kingston Technology Corporation
• Toshiba Corporation
• Fujitsu Limited
• Pure Storage, Inc.
• Cohesity
• Rubrik

The detailed segments and sub-segments of the market are explained below:

By Storage Technique
• Magnetic Storage
• SSD
• Hybrid Flash Array

By Storage System
• Direct-Attached Storage
• Network-Attached Storage
• Storage Area Network
• Others

By Storage Type
• Local (on-premises)
• Remote (cloud)
• Hybrid

By End-use
• Home
• Business
BFSI
Retail
Healthcare
Government Bodies
Telecom Companies
Cloud Service Providers
Others

By Region:
• North America
U.S.
Canada
Mexico
• Europe
UK
Germany
France
• Asia Pacific
China
Japan
India
Singapore
South Korea
• Latin America
Brazil
• Middle East & Africa
Saudi Arabia
UAE
South Africa

Years Considered for the Study
• Historical Year: 2022
• Base Year: 2023
• Forecast Period: 2024-2032

Key Takeaways
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand-side and supply-side analysis of the market.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.