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.
The global next generation data storage market has been analyzed through following segments:
All Flash Storage Arrays
Holographic Data Storage
Heat Assisted Magnetic Recording
Big Data storage
Enterprise Data Storage
Cloud Based Storage
By End User
Middle East and Africa