Global Next-Generation Data Storage Market Size is estimated to expand rapidly in coming years, at a CAGR of 12.5 % from 2018 to 2025. In 2017, the global market valuation was USD 53.1 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Some of the main variables that should fuel the industry for next-generation information processing include important development in the world's IoT usage in commercial, medical and production sectors, and consequently an increase in internet computing acceptance. Increased use of portable technology systems like laptops, smartphones, and phones is considering adding to the business development in the digitalization of data in housing and industrial locations. In addition, digital information volumes across vertical industries such as healthcare, retail, and BFSI increase massively, leading to the need for efficient data storage equipment of the next generation.

Market players concentrate on developing scalable, efficient and versatile cloud systems, with the data quantity produced throughout the company industry constantly increasing and clients search for better ways to store and manage data. Market players invest in creative cloud techniques such as crystal etching to leverage cloud storage capacities. The combination of big information technology and cloud processing enables information processing businesses of the next generation to provide real-time and secure connectivity across all platforms to strengthen client knowledge, particularly for online shopping and internet banking.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global next-generation data storage market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global next-generation data storage market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Technique Insights: On the basis of technique, global next-generation data storage market has been segmented into direct-attached storage, network-attached storage. Among which direct-attached storage segment is expected to be the highest growing segment in the global market of data storage. A range of accessibility characteristics is provided by the fundamental and easy architecture of DAS. For example, every PC or laptop can access its own DAS directly or access information stored on a DAS connected to networked storage servers. In addition, the low cost to small and medium-sized businesses leaves the DAS technology perfect. The growing amount of SMEs in developing markets throughout Asia Pacific will push the DAS section throughout the projected era.

By Type Insights: On the basis of type, global next-generation data storage market has been segmented into local, remote and hybrid. In 2018 the local (on-site) information processing section of the next generation dominated the industry. The sector is mainly powered by local memory systems ' strong efficiency. Due to its cost-effectiveness and the backup and restoration capacity the local next-generation information storage solution is better adapted for housing or small businesses. The small capability and poor efficiency are however some of the main problems which could impede its implementation over the forecast period to some point.

Regional Analysis

The next-generation data storage market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. The next-generation information processing industry in 2018 was dominated by North America, accounting for almost half of the worldwide market's revenues. This can be ascribed to the big quantity of unstructured information over several vertical industries and the need for safe and affordable information storage alternatives. Further energy development opportunities on the North American economy over the prediction era will probably be possible through easy accessibility of technologically sophisticated goods such as 3D and molecular transport.

In the forecast period, Asia Pacific is able to observe the highest market growth for data storage of the next generation. A fast increase in computer and mobile customers, a rise in availability revenue and enhanced consciousness among consumers are main variables that are anticipated to result in enhanced supply for credible, safe, and cost-effective memory facilities in the area. There are also probable to be a strong increase in the amount of tiny and mid-sized companies in several sectors in the region.

Global Next-Generation Data Storage Market Size, Share Analysis by Region 2017

Global Next-Generation Data Storage Market Study Objective

1. To forecast the market size of the next-generation data storage market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of next-generation data storage market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of next-generation data storage market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of next-generation data storage market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the next-generation data storage market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Hewlett Packard Enterprise Company, Dell Inc., NetApp, Inc., Hitachi, Ltd., International Business Machines Corporation, Micron Technology, Inc., Netgear Inc., and Inspur are some of the key players in the market of next-generation data storage.

Global Next-Generation Data Storage Market Study Report Offer You!

The global next-generation data storage market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.