Next-Generation Data Storage Market poised to expand with robust pace by 2016-2024

Next-Generation Data Storage Market

Next-Generation Data Storage Market

Zion Market Research, the market research group announced the analysis report titled  ‘Next-Generation Data Storage Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’

Global Next-Generation Data Storage Market: Overview

The next-generation data storage technology is a group of products and the solution that solves the problems of data storage across the various sectors such as data centers, IT firms, automotive industries and so on. There has been an increase in the unstructured data and the file sizes; this information needs to be maintained and is a major problem that most of the organizations are facing in the recent years. The next-generation data storage technology offers reliable, scalable, faster, secure and cost-efficient solutions for the data storage and its retrieval. The ever increasing information, need for its storage and its maintenance is the factors that are driving the global next-generation data storage market.

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Global Next-Generation Data Storage Market: Segmentation

The global next-generation data storage market is segmented on the basis of the storage system, storage architecture, technology, the end user industry, and regions. On the basis of the storage system, the global market is categorized into direct-attached storage, cloud storage, storage area network, network-attached storage, unified storage and software-defined storage. Based on the storage architecture, the global next-generation data storage market is divided into the file and object-based storage, object storage, file storage and block storage. On the basis of the technology, the global market is classified into magnetic storage, which is further sub-segmented into the magnetic tape and hard disk and solid-state storage which again is sub-segmented into hybrid flash arrays and all-flash arrays. Based on the end-user industry, the global market is segregated into BFSI, telecommunications and ITES, energy, government, media and entertainment, business and consulting, consumer goods and retail, healthcare, education and research, manufacturing and others. Region-wise, the global next-generation data storage market is diversified into Asia-Pacific, Europe, North America and Rest of the World.

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Global Next-Generation Data Storage Market: Growth Factors

The rise in the production of the input-output devices is driving the global market for next-generation data storage. In the recent years, data is generated in almost in every sector which needs to be maintained and organized, thus, driving the growth of the market. Few examples of time-saving technologies in the global next-generation data storage market are automated systems, online shopping, smart technologies and others; they are taking the market to the next level. Many companies are constantly investing in the research and development of the next-generation data storage to stand out in the global market. The different organizations are developing their products such as to solve the data storage problems EMC has developed new technology. Likewise, 3D NAND technology helps to increase the processing speed of the data in drives, which is developed by the Intel and Micron. Cloud computing, a new technology in the market, is also gaining a good demand in the global market.

Global Next-Generation Data Storage Market: Regional Analysis

The region that dominates the global next-generation data storage market is North America followed by Europe and Asia-Pacific. All the major market players such as Dell, HP, NetApp are headquartered in the American region. Thus, the region is enhanced in cloud computing, other IT enabled services and big data storage. The Asia Pacific region is also estimated to grow at a faster pace due to the emerging business enterprises and data hubs.

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Global Next-Generation Data Storage Market: Competitive Players

The key players in the global next-generation data storage market are EMC Corporation, VMware, Inc., Sandisk Corporation, Nutanix, Toshiba Corporation, Hitachi Data Systems, Drobo, SimpliVity Corporation, Dell, IBM, Hewlett-Packard Development Company, Micron Technology, NetApp, Inc., Quantum Corporation, HGST, Inc., Avago Technologies and Tintri.

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