Market Research Future (MRFR), in its recently released research report, asserts that the global next-generation data storage technologies market 2020 is booming and expected to grow exponentially over the review period, recording a substantial market valuation from USD 46 billion in 2015 to USD 149 billion by the end of the review period, at healthy 19% CAGR.
Drivers and Restraints
The factors favoring the growth of the next-generation storage technologies market include the ubiquity of input and output devices in every sector, and the ever-growing need for managing, analyzing, and storing massive amounts of data. There is a vast demand for data storage, which is flourishing the next-generation data storage market. With the need to continually update till the time we find the ultimate data storage technology is the most significant demand generator for the next-generation data storage market because the data generation is never going to end. Consequently, the demand for next-generation data technologies is expected to increase at a fast rate over the forecast period.
Competitive Overview
The major market players operating in the global market as acknwledged by MRFR are Dell Inc. (U.S.), VMware, Inc. (U.S.), IBM Corporation (U.S), Hewlett-Packard Development Company (U.S.), Sandisk Corporation (U.S.), Micron Technology Inc. (U.S.), Nutanix (U.S.), NetApp, Inc. (U.S.), Toshiba Corporation (Japan), Quantum Corporation (U.S.), among others.
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Segmentation:
- On the basis of types, the next generation data storage technologies market has been segmented into magnetic storage, all flash arrays, optical storage cloud based storage, software defined storage (SDS) and hybrid storage arrays.
- Based on the memory, the next generation data storage technologies market is segmented into 3D chip memory, racetrack memory, phase change memory, atomic scale magnetic memory, hybrid memory and others.
- On the basis of solution, the market for next generation data storage technologies is segmented into computing devices, enterprise data storage, cloud services, big data storage, and others.
- On the basis of regions, the next generation data storage technologies market is segmented into Europe, APAC, North America, and other global regions.
Global Next Generation Data Storage Technologies Market: Regional Analysis
North America is one of the most attractive market for next generation data storage technologies. The US is home to some of the key market players that are competing on a global level. Moreover, the rising popularity of the input-output devices is having a positive influence on the North America next generation data storage technologies market. Technology companies in the region are increasingly shifting towards effective data storage solutions for improving operations.
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
- Financial Data
- Product Landscape
- Strategic Outlook
- SWOT Analysis
- Regional Next generation data storage technologies Market Share
- Country Next generation data storage technologies Market Share
- Revenue and Sales Forecast
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