Next Generation Data Storage Market Size, Share, Opportunities, And Trends By Technology (All Flash Storage Arrays, Holographic Data Storage, Hybrid Arrays, Heat Assisted Magnetic Recording), By Application (Big Data Storage, Enterprise Data Storage, Cloud Based Storage), By End User (Retail, Government, Communication, Manufacturing, BFSI, Healthcare, Others) And By Geography - Forecasts From 2019 To 2024

Description

The next generation data storage market was valued at US$30.013 billion in 2017 and is projected to expand at a CAGR of 21.30% over the forecast period to reach US$95.595 billion by 2023. Growth in cloud computing and smart technologies among others is the major driver of smart storage space. The huge chunk of data being generated needs to be accessed easily and analyzed for enhancing the user experience. These smart storage solutions assist in providing reliable, secure and scalable solutions. Enterprises across different industry verticals are increasingly investing in these technologies to gain competitive advantage while optimizing business process efficiency

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the next generation data storage value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global next generation data storage market.

Major industry players profiled as part of the report are Dell, IBM, HP Development Company, L.P, and Broadcom among others.

Segmentation

The global next generation data storage market has been analyzed through following segments:

By Technology

All Flash Storage Arrays

Holographic Data Storage

Hybrid Arrays

Heat Assisted Magnetic Recording

By Application

Big Data storage

Enterprise Data Storage

Cloud Based Storage

By End User

Retail

Government

Communication

Manufacturing

BFSI

Healthcare

Others

By Geography

North America

United States

Canada

Mexico

Others

South America

Brazil

Argentina

Others

Europe

Germany

France

Italy

United Kingdom

Others

Middle East and Africa

Israel

Saudi Arabia

South Africa

Others

Asia Pacific

Japan

China

India

Australia

Others