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Next-Generation Data Storage Market

Global Next-Generation Data Storage Market Size, Share, Growth, Forecast: By Storage System: Direct-Attached Storage (DAS), Network-Attached Storage (NAS), Storage Area Network (SAN); By Storage Medium; By Storage Architecture; By Deployment Type; By End-User; Regional Analysis; Competitive Landscape; 2024-2032

Global Next-Generation Data Storage Market Outlook

The global next-generation data storage market size reached a value of around USD 65.91 billion in 2023. The market is further expected to grow at a CAGR of 9.40% between 2024 and 2032, reaching a value of around USD 147.97 billion by 2032.

 

Key Trends in the Market

Next-generation data storage refers to products and advanced data storage solutions that can handle huge amounts of unstructured data and expanding file sizes. These technologically-advanced products help with quick recovery and dependable data management in a cost-effective way while managing massive amounts of data securely.

 

Global Next-Generation Data Storage Market

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  • A rise in the usage of cloud computing as a result of the major increase in IoT penetration around the globe in sectors like manufacturing, retail, and healthcare are the key next-generation data storage market trends fuelling the market growth.
  • The digitisation of information across numerous industries, aided by a rise in consumer volume, global expansion, and surging data generation is having a positive impact on the next-generation data storage market growth.
  • Introduction of consumer electronics with faster processing rates will likely raise the demand for advanced data storing options like solid-state drives and the cloud among direct consumers, aiding the market for next-generation data storage over the coming years.

 

Global Next-Generation Data Storage Market Analysis

Based on storage system, the market is divided into direct-attached storage (DAS), network-attached storage (NAS), and storage area network (SAN). The market, based on storage medium, is categorised into hard disk drive (HDD), solid state drive (SSD), and tape. The next-generation data storage market segmentation, on the basis of storage architecture, is file and object based storage, and block storage. By deployment type, the market is divided into on-premises, cloud, and hybrid. On the basis of end-user, the market is segmented into BFSI, retail, IT and telecom, healthcare, and media and entertainment, among others. The regional markets for next-generation data storage are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global next-generation data storage market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

 

Global Next-Generation Data Storage Market

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  • Dell Technologies, Inc
  • Hewlett Packard Enterprise Company
  • NetApp, Inc
  • Huawei Technologies Co., Ltd
  • Samsung Electronics Co., Ltd.
  • Pure Storage, Inc.
  • Hitachi, Ltd.
  • Fujitsu Limited
  • IBM Corporation
  • Netgear Inc.
  • Micron Technology, Inc
  • Others

 

Global Next-Generation Data Storage Market Share by Storage System

By storage system, direct-attached storage (DAS) is expected to witness significant growth in the next-generation data storage global market. The simple and basic architecture of DAS enable support numerous information accessibility capabilities. DAS technology is also suited for small and medium-sized organisations due to its inexpensive cost. Over the forecast period, the DAS segment is likely to be driven by the growing number of small and medium-sized businesses in emerging economies.

 

Global Next-Generation Data Storage Market Share by End-User

Healthcare segment is anticipated to be one of the leading end-users of next-generation data storage throughout the forecast period, fuelled by the exponential increase in data generated with increasing digitalisation and rising patient volumes. Data storage in the healthcare sector has seen a paradigm shift in recent years, moving from traditional digital data storage to the use of cloud storage for the safe keeping of crucial patient and corporate data related to various procedures, operations, and services. In the near future, it is projected that the growing use of hybrid cloud in the healthcare sector will be a significant driver increasing the next-generation data storage market demand.

 

Global Next-Generation Data Storage Market

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Competitive Landscape

Dell Technologies, Inc, founded in 1984 and headquartered in Texas in the United States, is a multinational technology company that manufactures a wide range of consumer and business electronics. The company’s product line includes desktop and laptop computers, televisions, servers, smartphones, business software, and services for network and information security.

 

Hewlett Packard Enterprise Company was established in 1939, with its corporate headquarters in California, United States. A global information technology company, it offers software as a service (SaaS), cloud computing solutions, and software services like consulting, training, professional services, and support.

 

Fujitsu Limited, founded in 1935 and headquartered in Tokyo, Japan is a market leader in IT services, solutions, and technology. The company has years of experience in developing IT systems, services, and digital solutions for both public and private sector clients, including those in the retail, healthcare, financial services, and automotive industries.

 

Other market players include NetApp, Inc, Huawei Technologies Co., Ltd, Samsung Electronics Co., Ltd., Pure Storage, Inc., Hitachi, Ltd., IBM Corporation, Netgear Inc., and Micron Technology, Inc, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Storage System
  • Storage Medium
  • Storage Architecture
  • Deployment Type
  • End-User
  • Region
Breakup by Storage System
  • Direct-Attached Storage (DAS)
  • Network-Attached Storage (NAS)
  • Storage Area Network (SAN)
Breakup by Storage Medium
  • Hard Disk Drive (HDD)
  • Solid State Drive (SSD)
  • Tape
Breakup by Storage Architecture
  • File and Object Based Storage
  • Block Storage
Breakup by Deployment Type
  • On-Premises
  • Cloud
  • Hybrid
Breakup by End-User
  • BFSI
  • Retail
  • IT and Telecom
  • Healthcare
  • Media and Entertainment
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Dell Technologies, Inc
  • Hewlett Packard Enterprise Company
  • NetApp, Inc
  • Huawei Technologies Co., Ltd
  • Samsung Electronics Co., Ltd.
  • Pure Storage, Inc.
  • Hitachi, Ltd.
  • Fujitsu Limited
  • IBM Corporation
  • Netgear Inc.
  • Micron Technology, Inc
  • Others

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Next-Generation Data Storage Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Next-Generation Data Storage Historical Market (2018-2023)
    8.3    Global Next-Generation Data Storage Market Forecast (2024-2032)
    8.4    Global Next-Generation Data Storage Market by Storage System
        8.4.1    Direct-Attached Storage (DAS)
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Network-Attached Storage (NAS)
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Storage Area Network (SAN)
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Next-Generation Data Storage Market by Storage Medium
        8.5.1    Hard Disk Drive (HDD)
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Solid State Drive (SSD)
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Tape
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Global Next-Generation Data Storage Market by Storage Architecture
        8.6.1    File and Object Based Storage
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Block Storage
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Next-Generation Data Storage Market by Deployment Type
        8.7.1    On-Premises
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Cloud
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Hybrid
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
    8.8    Global Next-Generation Data Storage Market by End-User
        8.8.1    BFSI
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Retail
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    IT and Telecom
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Healthcare
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Media and Entertainment
            8.8.5.1    Historical Trend (2018-2023)
            8.8.5.2    Forecast Trend (2024-2032)
        8.8.6    Others  
    8.9    Global Next-Generation Data Storage Market by Region
        8.9.1    North America
            8.9.1.1    Historical Trend (2018-2023)
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Europe
            8.9.2.1    Historical Trend (2018-2023)
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Asia Pacific
            8.9.3.1    Historical Trend (2018-2023)
            8.9.3.2    Forecast Trend (2024-2032)
        8.9.4    Latin America
            8.9.4.1    Historical Trend (2018-2023)
            8.9.4.2    Forecast Trend (2024-2032)
        8.9.5    Middle East and Africa
            8.9.5.1    Historical Trend (2018-2023)
            8.9.5.2    Forecast Trend (2024-2032)
9    North America Next-Generation Data Storage Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Next-Generation Data Storage Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Next-Generation Data Storage Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Next-Generation Data Storage Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Next-Generation Data Storage Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis  
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Dell Technologies, Inc
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Hewlett Packard Enterprise Company
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    NetApp, Inc
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Huawei Technologies Co., Ltd
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Samsung Electronics Co., Ltd.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Pure Storage, Inc.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Hitachi, Ltd.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Fujitsu Limited
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    IBM Corporation
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Netgear Inc.
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Micron Technology, Inc
            15.2.11.1    Company Overview
            15.2.11.2    Product Portfolio
            15.2.11.3    Demographic Reach and Achievements
            15.2.11.4    Certifications
        15.2.12    Others  
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Next-Generation Data Storage Market: Key Industry Highlights, 2018 and 2032 
2.    Global Next-Generation Data Storage Historical Market: Breakup by Storage System (USD Million), 2018-2023
3.    Global Next-Generation Data Storage Market Forecast: Breakup by Storage System (USD Million), 2024-2032
4.    Global Next-Generation Data Storage Historical Market: Breakup by Storage Medium (USD Million), 2018-2023
5.    Global Next-Generation Data Storage Market Forecast: Breakup by Storage Medium (USD Million), 2024-2032
6.    Global Next-Generation Data Storage Historical Market: Breakup by Storage Architecture (USD Million), 2018-2023
7.    Global Next-Generation Data Storage Market Forecast: Breakup by Storage Architecture (USD Million), 2024-2032
8.    Global Next-Generation Data Storage Historical Market: Breakup by Deployment Type (USD Million), 2018-2023
9.    Global Next-Generation Data Storage Market Forecast: Breakup by Deployment Type (USD Million), 2024-2032
10.    Global Next-Generation Data Storage Historical Market: Breakup by End-User (USD Million), 2018-2023
11.    Global Next-Generation Data Storage Market Forecast: Breakup by End-User (USD Million), 2024-2032
12.    Global Next-Generation Data Storage Historical Market: Breakup by Region (USD Million), 2018-2023
13.    Global Next-Generation Data Storage Market Forecast: Breakup by Region (USD Million), 2024-2032
14.    North America Next-Generation Data Storage Historical Market: Breakup by Country (USD Million), 2018-2023
15.    North America Next-Generation Data Storage Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Europe Next-Generation Data Storage Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Europe Next-Generation Data Storage Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Asia Pacific Next-Generation Data Storage Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Asia Pacific Next-Generation Data Storage Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Latin America Next-Generation Data Storage Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Latin America Next-Generation Data Storage Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Middle East and Africa Next-Generation Data Storage Historical Market: Breakup by Country (USD Million), 2018-2023
23.    Middle East and Africa Next-Generation Data Storage Market Forecast: Breakup by Country (USD Million), 2024-2032
24.    Global Next-Generation Data Storage Market Structure

Key Questions Answered in the Report

In 2023, the global market for next-generation data storage attained a value of USD 65.91 billion.

The market is projected to grow at a CAGR of 9.40% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 147.97 billion by 2032.

The major drivers of the market include the increasingly massive volumes of data generated, rising need for data analytics, and growing penetration of the Internet.

The global penetration of IoT, rise in the adoption of cloud computing, and digitisation of information across industries are the key trends propelling the growth of the market.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The primary deployment types of next-generation data storage are on-premises, cloud, and hybrid.

The major players in the next-generation data storage market are Dell Technologies, Inc, Hewlett Packard Enterprise Company, NetApp, Inc, Huawei Technologies Co., Ltd, Samsung Electronics Co., Ltd., Pure Storage, Inc., Hitachi, Ltd., Fujitsu Limited, IBM Corporation, Netgear Inc., and Micron Technology, Inc, among others.

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