Market Overview
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. This growth is anticipated to be backed by the growing demand for advanced time-saving technologies, including automated systems, smart technologies, online shopping, and the internet of things, among others, which require the handling of extensive data generated by the enterprises. Companies working in the next generation and data storage market are continually investing in research and development. The invention of new technologies is catering to the needs of the data market and boosting the next-generation data storage market.
Various challenges are restraining the growth of the next-generation data storages technologies market. This includes technological complexity, repair and restores issues, lack of security, among others. Furthermore, a high level of data consistency is required in data storage. Imminent growth in the market is expected to come from an emerging need for data storage in small and medium enterprises.
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Segmental Analysis
the market has been analyzed on the basis of memory, type, and solution. the type includes- all-flash arrays, magnetic storage, cloud-based storage, hybrid storage arrays, software-defined storage (sds), optical storage, and others, whereas the memory includes hybrid memory, atomic-scale magnetic memory, racetrack memory, phase change memory, 3d chip memory, and others. the solution segment of next generation data storage technologies market comprises of enterprise data storage, big data storage, cloud services, computing devices, and others.
Regional Analysis
The geographical overview of the global market has been analyzed in four major regions, including the Asia Pacific, North America, Europe, Latin America, the Middle East, and Africa.
North America dominates the demand for next-generation data storage technologies. The Asian Pacific countries are projected to develop at a significant pace compared to other regions, including China, Japan and India. The emergence of a large number of IT enterprises in the Asia Pacific region is one of the key factors driving the development of the region's next-generation demand for data storage technologies. Asia Pacific countries are being speculated on making substantial investments in the data storage sector to include new data storage technologies and solutions for enhancing the development process to their current infrastructures. Japan, which is one of the technologically advanced nations, is anticipated to be a big market for next-generation data storage technologies. The country is at present using these data storage technology across its various industry verticals.
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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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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
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In 2018, the global Next Generation Data Storage Technologies market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2019-2025.
This report focuses on the global Next Generation Data Storage Technologies status, future forecast, growth opportunity, key market and key players.
The study objectives are to present the Next Generation Data Storage Technologies development in United States, Europe and China.Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of Next Generation Data Storage Technologies Market Report The key players covered in this studyDellIBMHewlett-Packard Development Company, L.P.Hitachi data systemsNetApp, Inc.HGST, Inc.VMware, Inc.EMC CorporationTintriNutanixSimpliVity CorporationSandisk corporationToshiba corporationQuantum CorporationMicron TechnologyAvago TechnologiesDroboMarket segment by Type, the product can be split into All-flash storage arraysHolographic data storageCloud based disaster recoveryHybrid arrayHeat Assisted Magnetic RecordingMarket segment by Application, split into Consumer electronicsIndustrial AutomationAutomotiveAerospaceDefenseOthersMarket segment by Regions/Countries, this report covers United StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are: To analyze global Next Generation Data Storage Technologies status, future forecast, growth opportunity, key market and key players.To present the Next Generation Data Storage Technologies development in United States, Europe and China.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Next Generation Data Storage Technologies are as follows:History Year: 2014-2018Base Year: 2018Estimated Year: 2019Forecast Year 2019 to 2025 Get the Complete Report & TOC of Next Generation Data Storage Technologies Market CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24-market-reports
Next-generation storage technology comprises technologically advanced data storage solutions and products to handle with increasing file sizes and an increased amount of unstructured data.
It manages large data securely and allows fast, secure, and reliable data recovery in a cost-effective manner.
According to the recent MRFR report, such factors include the massive growth of digital data volume, proliferated use of tablets, laptops, and smartphones, rising penetration of high-end cloud computing, growth of the IoT market, the ubiquity of output and input devices in each sector, need to manage, analyze, and store huge amount of data, technological advancements, and growing demand for advanced time-saving technologies such as internet of things, online shopping, smart technologies, and automated systems.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1800Market SegmentationBy type, the global next-generation data storage technologies market is segmented into optical storage, software defined storage (SDS), hybrid storage arrays, cloud-based storage service, magnetic storage, all flash arrays, and others.
By memory, the next-generation data storage technologies market is segmented into hybrid memory, racetrack memory, 3D chip memory, phase change memory, atomic scale magnetic memory, and others.
By solution, the next-generation data storage technologies market is segmented into computing devices, cloud services, big data storage, enterprise data storage, and others.
March 25, 2019: Next Generation Data Storage Technology Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).The report firstly introduced the Next Generation Data Storage Technology basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on.
Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc.
In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.Download sample Copy of This Report at: https://www.radiantinsights.com/research/global-next-generation-data-storage-technology-market-research-report-2019/request-sample The report includes six parts, dealing with:1.)
Asia Next Generation Data Storage Technology Market;3.)
North American Next Generation Data Storage Technology Market;4.)
Market Entry and Investment Feasibility;6.)
The sectors witnessing next-generation data storage at the moment include data centers, automotive, and IT.
The factor catalyzing the market is the fact that information growing by leaps and bounds does require space for storage as well as maintenance.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/next-generation-data-storage-market/request-sample Market Synopsis of Next-Generation Data Storage Market: The next-generation data storage market is segmented based on type, architecture, storage technology, application, and geography.
By architecture, it says object-based, block storage, file-based, and others.
By storage technology, the segmentation goes like All-flash array, hybrid flash array, magnetic tape, and hard disk drive.
By application, it constitutes retail, manufacturing, media & entertainment, healthcare, BFSI, government, telecom & IT, and others.
