Next-Generation Data Storage Technologies Market Size, Share, and Analysis, By Type (Direct Attached Storage (DAS), Network Attached Storage (NAS), Storage Area Network (SAN), and Others), By Architecture (File-Based, Object-Based, Block Storage, and Othe

Next-Generation Data Storage Technologies Market Size, Share, and Analysis, By Type (Direct Attached Storage (DAS), Network Attached Storage (NAS), Storage Area Network (SAN), and Others), By Architecture (File-Based, Object-Based, Block Storage, and Others), By Deployment Type (On-premises and Cloud), By End User (BFSI, Retail, Healthcare, Media & Entertainment, Manufacturing, Government, Telecom & IT, and Others), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

Next-Generation Data Storage Technologies Market Size, Share, and Analysis, By Type (Direct Attached Storage (DAS), Network Attached Storage (NAS), Storage Area Network (SAN), and Others), By Architecture (File-Based, Object-Based, Block Storage, and Others), By Deployment Type (On-premises and Cloud), By End User (BFSI, Retail, Healthcare, Media & Entertainment, Manufacturing, Government, Telecom & IT, and Others), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Next-Generation Data Storage Technologies Market is expected to grow at a compound annual growth rate (CAGR) of 9.8% over the forecast period from 2023 to 2034. Initially valued at USD 63.4 billion in 2023, the market is projected to increase to USD 176.9 billion by the end of 2034.

Next-generation data storage technologies are innovative solutions that are designed to meet the growing demands of data volume and security in the expanding digital environment. These technologies provide efficient performance and better scalability over traditional storage systems. Next-generation data storage involves improvements in hybrid storage systems, that combine the speed of SSDs with the capacity of HDDs, and object storage, thus dividing data into discrete components. Besides, developing technologies like atomic size storage provide better density and long-term data retention, which results in new advancements. Therefore, to allow more flexible and data-driven business decisions, these next-generation systems are built to handle the massive amount of data generated by IoT, AI, and big data analytics.

MARKET HIGHLIGHTS

Next next-generation data storage technologies market is estimated to reach USD 176.9 billion, growing at a CAGR of 9.8% during the forecast period, due to the tremendous expansion of data volumes caused by digitization in various sectors and the growing need for next-generation data storage solutions. Advanced storage solutions that provide better capacity, faster access, and improved security are required to deal with this surge in data. Additionally, big data analytics and artificial intelligence (AI) require reliable storage solutions to manage complicated operations. Moreover, the need for disaster recovery solutions and regulatory requirements for better data governance have contributed to the growth of the next-generation data storage technologies market. Therefore, it is expected that constant developments and a growing dependence on data-driven decision-making will support the growth of the market during the forecasted period.

Next-Generation Data Storage Technologies Market Segments:

• By Type
• Direct Attached Storage (DAS)
• Network Attached Storage (NAS)
• Storage Area Network (SAN)
• Others
• By Architecture
• File-Based
• Object-Based
• Block Storage
• Others
• By Deployment Type
• On-premises
• Cloud
• By End User
• BFSI
• Retail
• Healthcare
• Media and Entertainment
• Manufacturing
• Government
• Telecom and IT
• Others

MARKET DYNAMICS

Growth Drivers

Growing Data Volumes Across Different Sources Has Presented Formidable Growth Opportunities

Technological Developments and Emergence of Technologies are Supporting the Market Growth

Restraint

Complexity of Managing Data Systems Acts as a Major Market Challenge

Key Players

• Dell EMC
• IBM Corporation
• Western Digital Corporation
• Hewlett Packard Enterprise (HPE)
• NetApp, Inc.
• Hitachi, Ltd.
• Toshiba Corporation
• Samsung Electronics
• Seagate Technology PLC
• Pure Storage Inc.
• Micron Technology
• Nutanix
• Quantum Corporation
• Fujitsu Ltd
• Synology Inc.
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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