Global Next-generation Data Storage Market 2023-2027

Global Next-generation Data Storage Market 2023-2027
The next-generation data storage market is forecasted to grow by USD 26.59 bn during 2022-2027, accelerating at a CAGR of 7.93% during the forecast period. The report on the next-generation data storage market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for IoT and big data operations, massive increase in digital data volume, and high adoption of software-as-a-service applications by enterprises.

Technavio's next-generation data storage market is segmented as below:

By ApplicationSANNASDASBy DeploymentOn-premiseCloudBy Geographical LandscapeNorth AmericaEuropeAPACSouth AmericaMiddle East and AfricaThis study identifies the software-defined storage as one of the prime reasons driving the next-generation data storage market growth during the next few years. Also, rising number of data centers and growth in cloud computing and smart technologies will lead to sizable demand in the market.

The report on the next-generation data storage market covers the following areas:Next-generation data storage market sizingNext-generation data storage market forecastNext-generation data storage market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading next-generation data storage market vendors that include Cloudian Inc., DataDirect Networks Inc., Dell Technologies Inc., Drobo Inc., Furukawa Electric Co. Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Inspur Group, International Business Machines Corp., Micron Technology Inc., NetApp Inc., Netgear Inc., Nutanix Inc., Oracle Corp., Pure Storage Inc., Quantum Corp., Samsung Electronics Co. Ltd., Scality Inc., Western Digital Corp., and Toshiba Corp.. Also, the next-generation data storage market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.