Product Code: GVR-3-68038-611-0
Next-Generation Data Storage Market Growth & Trends:
The global next-generation data storage market size is anticipated to reach USD 116.69 billion by 2030 and is projected to grow at the CAGR of 9.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market growth is driven chiefly by the rising consumer need for reliable, secure, and cost-efficient ways of storing and managing data.
Increase in digitization of data is also one of the key drivers of the market growth. Furthermore, IoT and embedded devices generate data, log files, and metadata. Secure storage of large-scale datasets is the need of the hour and cloud computing is positioned to cater this need of the market efficiently. Advancements and the increased adoption of cloud computing technologies and services such as, such as hybrid cloud, IoT, BDaaS, and PaaS, are also expected to play a crucial role in the market growth in the near future.
The demand for next-generation data storage platform and technologies is also expected to rise in the face of the emergence of smart machines such as self-driving cars and robots. Technological advancement such as internet, sensors, and data storage systems has allowed computer developers to collect and analyze an unprecedented volume of data. These software-enabled machines are expected to be controlled and operated from centralized remote positions. Integration of private and public cloud platforms is anticipated to build a secure cloud environment.
The data storage, management, and organization across several verticals are often subject to constrained adoption. For instance, the rising adoption of SaaS, IaaS, and other platform models in healthcare, banking, retail, and other sectors require a mutual adaptation from the organization as well as cloud service provider. Industrial expertise and technological advancements must be combined to achieve high-speed, large-scale, efficient, and secure data storage. Nevertheless, emergence of advanced technologies - backed by an increase in funding for R&D in nascent and investigational products - indicate a promising future for the global market.
Next-Generation Data Storage Market Report Highlights:
- Penetration of next generation data storage devices in developing countries could be challenged by financial constraints
- Based on storage system, the network-attached storage (NAS) segment is anticipated to witness at the fastest CAGR over the forecast period. The growing need to manage large volumes of structured and unstructured data will promote growth of NAS
- Based on storage technique, the solid state drive storage segment led the market with the largest revenue share of 32.86% in 2023. As it offers more secure data encryption and storage using electronic chips
- The Asia Pacific market is anticipated to witness at the fastest CAGR during the forecast period, driven by a rise in disposable income and growing consumer awareness regarding need of next-gen data storage devices
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Landscape Outlook
Chapter 3. Next Generation Data Storage Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.1.1. Continuous Increase in data generation
- 3.3.1.2. Government Regulations and Compliance
- 3.3.2. Market Restraints Analysis
- 3.3.2.1. High Initial Cost
- 3.3.2.2. Data Security Concerns
- 3.3.3. Industry Opportunities
- 3.3.3.1. Growth in Edge Computing
- 3.3.3.2. Hybrid Cloud Solutions
- 3.4. Next Generation Data Storage Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
- 3.5. Use Case Analysis
Chapter 4. Next Generation Data Storage Market: Storage technique Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Next Generation Data Storage Market: Storage technique Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Magnetic Storage
- 4.3.1. Magnetic Storage Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.4. SSD Storage
- 4.4.1. SSD Storage Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.5. Hybrid Flash Array
- 4.5.1. Hybrid Flash Array Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. Next Generation Data Storage Market: Storage System Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Next Generation Data Storage Market: Storage System Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Direct-Attached Storage
- 5.3.1. Direct-Attached Storage Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4. Network-Attached Storage
- 5.4.1. Network-Attached Storage Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.5. Storage Area Network
- 5.5.1. Storage Area Network Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.6. Others
- 5.6.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. Next Generation Data Storage Market: Storage Type Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Next Generation Data Storage Market: Storage Type Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. Local (on premise)
- 6.3.1. Local (on premise) Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4. Remote (cloud)
- 6.4.1. Remote (cloud) Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.5. Hybrid
- 6.5.1. Hybrid Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Next Generation Data Storage Market: End-use Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Next Generation Data Storage Market: End-use Movement Analysis, 2023 & 2030 (USD Million)
- 7.3. Home
- 7.3.1. Home Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4. Business
- 7.4.1. Business Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.2. BFSI
- 7.4.2.1. BFSI Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.3. Retail
- 7.4.3.1. Retail Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.4. Healthcare
- 7.4.4.1. Healthcare Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.5. Government Bodies
- 7.4.5.1. Government Bodies Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.6. Telecom Companies
- 7.4.6.1. Telecom Companies Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.7. Cloud Service Providers
- 7.4.7.1. Cloud Service Providers Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.8. Others
- 7.4.8.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 8. Next Generation Data Storage Market: Regional Estimates & Trend Analysis
- 8.1. Next Generation Data Storage Market Share, By Region, 2023 & 2030 (USD Million)
- 8.2. North America
- 8.2.1. North America Next Generation Data Storage Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.2.2. North America Next Generation Data Storage Market Estimates and Forecasts, by Storage technique, 2017 - 2030 (USD Million)
- 8.2.3. North America Next Generation Data Storage Market Estimates and Forecasts, by Storage System, 2017 - 2030 (USD Million)
- 8.2.4. North America Next Generation Data Storage Market Estimates and Forecasts, by Storage Type, 2017 - 2030 (USD Million)
- 8.2.5. North America Next Generation Data Storage Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
- 8.2.6. U.S.
- 8.2.6.1. U.S. Next Generation Data Storage Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.2.6.2. U.S. Next Generation Data Storage Market Estimates and Forecasts, by Storage technique, 2017 - 2030 (USD Million)
- 8.2.6.3. U.S. Next Generation Data Storage Market Estimates and Forecasts, By Storage System, 2017 - 2030 (USD Million)
- 8.2.6.4. U.S. Next Generation Data Storage Market Estimates and Forecasts, By Storage Type, 2017 - 2030 (USD Million)
- 8.2.6.5. U.S. Next Generation Data Storage Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
- 8.2.7. Canada
- 8.2.7.1. Canada Next Generation Data Storage Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.2.7.2. Canada Next Generation Data Storage Market Estimates and Forecasts, by Storage technique, 2017 - 2030 (USD Million)
- 8.2.7.3. Canada Next Generation Data Storage Market Estimates and Forecasts, By Storage System, 2017 - 2030 (USD Million)
- 8.2.7.4. Canada Next Generation Data Storage Market Estimates and Forecasts, By Storage Type, 2017 - 2030 (USD Million)
- 8.2.7.5. Canada Next Generation Data Storage Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
- 8.2.8. Mexico
- 8.2.8.1. Mexico Next Generation Data Storage Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.2.8.2. Mexico Next Generation Data Storage Market Estimates and Forecasts, by Storage technique, 2017 - 2030 (USD Million)
- 8.2.8.3. Mexico Next Generation Data Storage Market Estimates and Forecasts, By Storage System, 2017 - 2030 (USD Million)
- 8.2.8.4. Mexico Next Generation Data Storage Market Estimates and Forecasts, By Storage Type, 2017 - 2030 (USD Million)
- 8.2.8.5. Mexico Next Generation Data Storage Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Next Generation Data Storage Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3.2. Europe Next Generation Data Storage Market Estimates and Forecasts, by Storage technique, 2017 - 2030 (USD Million)
- 8.3.3. Europe Next Generation Data Storage Market Estimates and Forecasts, by Storage System, 2017 - 2030 (USD Million)
- 8.3.4. Europe Next Generation Data Storage Market Estimates and Forecasts, by Storage Type, 2017 - 2030 (USD Million)
- 8.3.5. Europe Next Generation Data Storage Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
- 8.3.6. UK
- 8.3.6.1. UK Next Generation Data Storage Market Estimates and Forecasts, by Storage technique, 2017 - 2030 (USD Million)
- 8.3.6.2. UK Next Generation Data Storage Market Estimates and Forecasts, By Storage System, 2017 - 2030 (USD Million)
- 8.3.6.3. UK Next Generation Data Storage Market Estimates and Forecasts, By Storage Type, 2017 - 2030 (USD Million)
- 8.3.6.4. UK Next Generation Data Storage Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
- 8.3.7. Germany
- 8.3.7.1. Germany Next Generation Data Storage Market Estimates and Forecasts, by Storage technique, 2017 - 2030 (USD Million)
- 8.3.7.2. Germany Next Generation Data Storage Market Estimates and Forecasts, By Storage System, 2017 - 2030 (USD Million)
- 8.3.7.3. Germany Next Generation Data Storage Market Estimates and Forecasts, By Storage Type, 2017 - 2030 (USD Million)
- 8.3.7.4. Germany Next Generation Data Storage Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
- 8.3.8. France
- 8.3.8.1. France Next Generation Data Storage Market Estimates and Forecasts, by Storage technique, 2017 - 2030 (USD Million)
- 8.3.8.2. France Next Generation Data Storage Market Estimates and Forecasts, By Storage System, 2017 - 2030 (USD Million)
- 8.3.8.3. France Next Generation Data Storage Market Estimates and Forecasts, By Storage Type, 2017 - 2030 (USD Million)
- 8.3.8.4. France Next Generation Data Storage Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Next Generation Data Storage Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.2. Asia Pacific Next Generation Data Storage Market Estimates and Forecasts, by Storage technique, 2017 - 2030 (USD Million)
- 8.4.3. Asia Pacific Next Generation Data Storage Market Estimates and Forecasts, by Storage System, 2017 - 2030 (USD Million)
- 8.4.4. Asia Pacific Next Generation Data Storage Market Estimates and Forecasts, by Storage Type, 2017 - 2030 (USD Million)
- 8.4.5. Asia Pacific Next Generation Data Storage Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
- 8.4.6. China
- 8.4.6.1. China Next Generation Data Storage Market Estimates and Forecasts, by Storage technique, 2017 - 2030 (USD Million)
- 8.4.6.2. China Next Generation Data Storage Market Estimates and Forecasts, By Storage System, 2017 - 2030 (USD Million)
- 8.4.6.3. China Next Generation Data Storage Market Estimates and Forecasts, By Storage Type, 2017 - 2030 (USD Million)
- 8.4.6.4. China Next Generation Data Storage Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
- 8.4.7. Japan
- 8.4.7.1. Japan Next Generation Data Storage Market Estimates and Forecasts, by Storage technique, 2017 - 2030 (USD Million)
- 8.4.7.2. Japan Next Generation Data Storage Market Estimates and Forecasts, By Storage System, 2017 - 2030 (USD Million)
- 8.4.7.3. Japan Next Generation Data Storage Market Estimates and Forecasts, By Storage Type, 2017 - 2030 (USD Million)
- 8.4.7.4. Japan Next Generation Data Storage Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
- 8.4.8. India
- 8.4.8.1. India Next Generation Data Storage Market Estimates and Forecasts, by Storage technique, 2017 - 2030 (USD Million)
- 8.4.8.2. India Next Generation Data Storage Market Estimates and Forecasts, By Storage System, 2017 - 2030 (USD Million)
- 8.4.8.3. India Next Generation Data Storage Market Estimates and Forecasts, By Storage Type, 2017 - 2030 (USD Million)
- 8.4.8.4. India Next Generation Data Storage Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
- 8.4.9. South Korea
- 8.4.9.1. South Korea Next Generation Data Storage Market Estimates and Forecasts, by Storage technique, 2017 - 2030 (USD Million)
- 8.4.9.2. South Korea Next Generation Data Storage Market Estimates and Forecasts, By Storage System, 2017 - 2030 (USD Million)
- 8.4.9.3. South Korea Next Generation Data Storage Market Estimates and Forecasts, By Storage Type, 2017 - 2030 (USD Million)
- 8.4.9.4. South Korea Next Generation Data Storage Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
- 8.4.10. Singapore
- 8.4.10.1. Singapore Next Generation Data Storage Market Estimates and Forecasts, by Storage technique, 2017 - 2030 (USD Million)
- 8.4.10.2. Singapore Next Generation Data Storage Market Estimates and Forecasts, By Storage System, 2017 - 2030 (USD Million)
- 8.4.10.3. Singapore Next Generation Data Storage Market Estimates and Forecasts, By Storage Type, 2017 - 2030 (USD Million)
- 8.4.10.4. Singapore Next Generation Data Storage Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Next Generation Data Storage Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.5.2. Latin America Next Generation Data Storage Market Estimates and Forecasts, by Storage technique, 2017 - 2030 (USD Million)
- 8.5.3. Latin America Next Generation Data Storage Market Estimates and Forecasts, by Storage System, 2017 - 2030 (USD Million)
- 8.5.4. Latin America Next Generation Data Storage Market Estimates and Forecasts, by Storage Type, 2017 - 2030 (USD Million)
- 8.5.5. Latin America Next Generation Data Storage Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
- 8.5.6. Brazil
- 8.5.6.1. Mexico Next Generation Data Storage Market Estimates and Forecasts, by Storage technique, 2017 - 2030 (USD Million)
- 8.5.6.2. Mexico Next Generation Data Storage Market Estimates and Forecasts, By Storage System, 2017 - 2030 (USD Million)
- 8.5.6.3. Mexico Next Generation Data Storage Market Estimates and Forecasts, By Storage Type, 2017 - 2030 (USD Million)
- 8.5.6.4. Mexico Next Generation Data Storage Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Next Generation Data Storage Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.6.2. Middle East & Africa Next Generation Data Storage Market Estimates and Forecasts, by Storage technique, 2017 - 2030 (USD Million)
- 8.6.3. Middle East & Africa Next Generation Data Storage Market Estimates and Forecasts, by Storage System, 2017 - 2030 (USD Million)
- 8.6.4. Middle East & Africa Next Generation Data Storage Market Estimates and Forecasts, by Storage Type, 2017 - 2030 (USD Million)
- 8.6.5. Middle East & Africa Next Generation Data Storage Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
- 8.6.6. KSA
- 8.6.6.1. KSA Next Generation Data Storage Market Estimates and Forecasts, by Storage technique, 2017 - 2030 (USD Million)
- 8.6.6.2. KSA Next Generation Data Storage Market Estimates and Forecasts, By Storage System, 2017 - 2030 (USD Million)
- 8.6.6.3. KSA Next Generation Data Storage Market Estimates and Forecasts, By Storage Type, 2017 - 2030 (USD Million)
- 8.6.6.4. KSA Next Generation Data Storage Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
- 8.6.7. UAE
- 8.6.7.1. UAE Next Generation Data Storage Market Estimates and Forecasts, by Storage technique, 2017 - 2030 (USD Million)
- 8.6.7.2. UAE Next Generation Data Storage Market Estimates and Forecasts, By Storage System, 2017 - 2030 (USD Million)
- 8.6.7.3. UAE Next Generation Data Storage Market Estimates and Forecasts, By Storage Type, 2017 - 2030 (USD Million)
- 8.6.7.4. UAE Next Generation Data Storage Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
- 8.6.8. South Africa
- 8.6.8.1. South Africa Next Generation Data Storage Market Estimates and Forecasts, by Storage technique, 2017 - 2030 (USD Million)
- 8.6.8.2. South Africa Next Generation Data Storage Market Estimates and Forecasts, By Storage System, 2017 - 2030 (USD Million)
- 8.6.8.3. South Africa Next Generation Data Storage Market Estimates and Forecasts, By Storage Type, 2017 - 2030 (USD Million)
- 8.6.8.4. South Africa Next Generation Data Storage Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Companies
- 9.2. Company Categorization
- 9.3. Company Market Positioning
- 9.4. Company Market Share Analysis
- 9.5. Strategy Mapping
- 9.5.1. Expansion
- 9.5.2. Mergers & Acquisition
- 9.5.3. Partnerships & Collaborations
- 9.5.4. New Product Launches
- 9.5.5. Research And Development
- 9.6. Company Profiles
- 9.6.1. Hewlett Packard Enterprise Company
- 9.6.1.1. Company Overview
- 9.6.1.2. Financial Performance
- 9.6.1.3. Product Benchmarking
- 9.6.1.4. Recent Developments
- 9.6.2. Dell Inc.
- 9.6.2.1. Company Overview
- 9.6.2.2. Financial Performance
- 9.6.2.3. Product Benchmarking
- 9.6.2.4. Recent Developments
- 9.6.3. NetApp, Inc.
- 9.6.3.1. Company Overview
- 9.6.3.2. Financial Performance
- 9.6.3.3. Product Benchmarking
- 9.6.3.4. Recent Developments
- 9.6.4. Hitachi, Ltd.
- 9.6.4.1. Company Overview
- 9.6.4.2. Financial Performance
- 9.6.4.3. Product Benchmarking
- 9.6.4.4. Recent Developments
- 9.6.5. International Business Machines Corporation
- 9.6.5.1. Company Overview
- 9.6.5.2. Financial Performance
- 9.6.5.3. Product Benchmarking
- 9.6.5.4. Recent Developments
- 9.6.6. Micron Technology, Inc.
- 9.6.6.1. Company Overview
- 9.6.6.2. Financial Performance
- 9.6.6.3. Product Benchmarking
- 9.6.6.4. Recent Developments
- 9.6.7. Netgear Inc.
- 9.6.7.1. Company Overview
- 9.6.7.2. Financial Performance
- 9.6.7.3. Product Benchmarking
- 9.6.7.4. Recent Developments
- 9.6.8. Inspur
- 9.6.8.1. Company Overview
- 9.6.8.2. Financial Performance
- 9.6.8.3. Product Benchmarking
- 9.6.8.4. Recent Developments
- 9.6.9. Data Direct Network
- 9.6.9.1. Company Overview
- 9.6.9.2. Financial Performance
- 9.6.9.3. Product Benchmarking
- 9.6.9.4. Recent Developments
- 9.6.10. Fujitsu Limited
- 9.6.10.1. Company Overview
- 9.6.10.2. Financial Performance
- 9.6.10.3. Product Benchmarking
- 9.6.10.4. Recent Developments