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The North America next generation storage market size reached USD 28.4 billion in 2023. The market is expected to grow at a CAGR of 6.0% between 2024 and 2032, reaching almost USD 48.4 billion by 2032.
North America next generation storage market growth is likely to be driven by increased IoT penetration, growing need for digitalization across households and companies, substantial growth in the ecommerce industry, and the construction of new data centres
The growth in the next generation storage market in North America may be attributed to the notable expansion of the Internet of Things' global penetration in sectors like manufacturing, retail, and healthcare, as well as the subsequent increase in cloud computing use. Further, the market is expanding owing to the digitization of information in homes and businesses, which is being aided by a rise in the usage of mobile computing devices including laptops, smartphones, and tablets.
The continuous flow of data is essential to e-commerce. Data is generated by each product listing, customer search, shopping cart generation, and order. For a number of uses, including fraud detection, inventory management, tailored marketing, and product suggestions, this information is crucial. Retail e-commerce sales in the United States during the fourth quarter of 2023 amounted to USD 285.2 billion, up 0.8 percent from the third quarter of 2023, according to the Census Bureau of the Department of Commerce.
The US-based cloud firm Expedient announced in February 2024 that it has added a former Nationwide Mutual Insurance Company data centre to its portfolio. The 102,000 square foot facility is Expedient's fifth data centre in Ohio and its 15th data centre nationwide. It is situated close to Columbus, Ohio. Moreover, it is expected that Nexstar Media Group, Stream Data Centers, and Aligned Data Centers would all build data centre campuses in the Elk Grove neighbourhood of Chicago, Illinois, which will boost demand for next-generation storage in North America.
North America Next Generation Storage Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Storage System
Market Breakup by Deployment Mode
Market Breakup by Storage Architecture
Market Breakup by End Use
Market Breakup by Country
The North America next generation storage market key players are Dell Inc., HP Inc., IBM Corp., NetApp, Inc., Hitachi Ltd., Kioxia Holdings Corporation, Fujitsu Ltd., NETGEAR, Inc., Pure Storage Inc., and DataDirect Networks, Inc., among others.
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:
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Breakup by Storage System |
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Breakup by Deployment Mode |
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Breakup by Storage Architecture |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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
7 Opportunities and Challenges in the Market
8 Global Next Generation Storage Market Overview
8.1 Key Industry Highlights
8.2 Global Next Generation Storage Historical Market (2018-2023)
8.3 Global Next Generation Storage Market Forecast (2024-2032)
8.4 Global Next Generation Storage Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Next Generation Storage Market Overview
9.1 Key Industry Highlights
9.2 North America Next Generation Storage Historical Market (2018-2023)
9.3 North America Next Generation Storage Market Forecast (2024-2032)
10 North America Next Generation Storage Market by Storage System
10.1 Direct-Attached Storage (DAS)
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Network-Attached Storage (NAS)
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Storage Area Network (SAN)
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 North America Next Generation Storage Market by Deployment Mode
11.1 On-Premises
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Cloud
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Hybrid
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 North America Next Generation Storage Market by Storage Architecture
12.1 File and Object Based Storage
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Block Storage
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 North America Next Generation Storage Market by End Use
13.1 BFSI
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 IT and Telecom
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Retail
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Healthcare
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Media and Entertainment
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 North America Next Generation Storage Market by Country
14.1 United States of America
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Canada
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Dell Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 HP Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 IBM Corp.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 NetApp, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Hitachi Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Kioxia Holdings Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Fujitsu Ltd.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 NETGEAR, Inc.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Pure Storage Inc.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 DataDirect Networks, Inc.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Next Generation Storage Market: Key Industry Highlights, 2018 and 2032
2. North America Next Generation Storage Market: Key Industry Highlights, 2018 and 2032
3. North America Next Generation Storage Historical Market: Breakup by Storage System (USD Billion), 2018-2023
4. North America Next Generation Storage Market Forecast: Breakup by Storage System (USD Billion), 2024-2032
5. North America Next Generation Storage Historical Market: Breakup by Deployment Mode (USD Billion), 2018-2023
6. North America Next Generation Storage Market Forecast: Breakup by Deployment Mode (USD Billion), 2024-2032
7. North America Next Generation Storage Historical Market: Breakup by Storage Architecture (USD Billion), 2018-2023
8. North America Next Generation Storage Market Forecast: Breakup by Storage Architecture (USD Billion), 2024-2032
9. North America Next Generation Storage Historical Market: Breakup by End Use (USD Billion), 2018-2023
10. North America Next Generation Storage Market Forecast: Breakup by End Use (USD Billion), 2024-2032
11. North America Next Generation Storage Historical Market: Breakup by Country (USD Billion), 2018-2023
12. North America Next Generation Storage Market Forecast: Breakup by Country (USD Billion), 2024-2032
13. North America Next Generation Storage Market Structure
The market was valued at USD 28.4 billion in 2023.
The market is projected to grow at a CAGR of 6.0% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 48.4 billion in 2032.
The market is categorised according to storage architecture, which includes file and object-based storage and block storage.
The key players are Dell Inc., HP Inc., IBM Corp., NetApp, Inc., Hitachi Ltd., Kioxia Holdings Corporation, Fujitsu Ltd., NETGEAR, Inc., Pure Storage Inc., and DataDirect Networks, Inc., among others.
Based on the formulation, the market is divided into on-premises, cloud, and hybrid.
The market is broken down into the United States of America and Canada.
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