Next-Generation Data Storage Market is valued approximately USD 67.2billion in 2020 and is anticipated to grow with a healthy growth rate of more than 12.5% over the forecast period 2022-2028.

London, UK -- (SBWire) -- 03/14/2022 --Report Description:

Next-Generation Storage (NGS) technologies are being used to store and retrieve data more quickly and efficiently. This technique secures large amounts of data and allows for cost-effective, dependable, secure, and quick data recovery. It has made it possible to store and manage large amounts of data created by large businesses in a systemic way. It covers cutting-edge data storage devices and solutions for dealing with growing file sizes and massive amounts of large datasets. The digitization of information in homes and businesses, followed by an increase in the use of personal computing devices such as smart phones, desktops, and tablets, is driving the global market expansion. Furthermore, the availability of electronic data is increasing dramatically across industries worldwide such as healthcare, ecommerce, and BFSI, necessitating the use of appropriate next-generation data storage devices. Furthermore, the global acceptance of IoT in industries such as retail, healthcare, and manufacturing, as well as a considerable increase in cloud computing adoption, are factors propelling the market. In recent years, the e-commerce economy has achieved remarkable expansion. This is due to increased digitalization and high-speed internet usage in both established and emerging economies. The India Brand Equity Foundation (IBEF) estimates that the Indian e-commerce sector would reach US$ 200 billion by 2026, up from US$ 38.5 billion in 2017.

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Major Key Company Profile Analysis Included in Next-Generation Data Storage Market are listed below:

-Hewlett Packard Enterprise Company
-Dell Inc.
-NetApp, Inc.
-Hitachi, Ltd.
-International Business Machines Corporation
-Toshiba Corporation
-Pure Storage, Inc.
-Nutanix, Inc.
-Scality
-Micron Technology, Inc.

The detailed segments and sub-segment of the market are explained below:

By Storage Architecture:

-File and Object-based Storage
-Block Storage

By Storage Medium:
-SSD
-HDD
-Tape

By Storage System:
-Direct Attached Storage
-Network Attached Storage
-Storage Area Network

By End User:
-Enterprise
-Government
-Cloud Service Providers
-Telecom

The Next-Generation Data Storage Market Research Study provides a comprehensive overview of factors influencing the market's growth. It identifies the factors that will boost market expansion as well as those that will impede it. The report provides growth, demand, and supply data; examines import-export scenarios; and analyzes technological advancements. It also profiles major players in the industry, their current market shares, and key strategies.

This report provides a comprehensive overview of the current Next-Generation Data Storage market in the geographical area. Using both primary and secondary research for data gathering, this report is a valuable resource for any company operating within the market. The aggregated market size, projections, trends, development drivers, challenges, and vendor profiles are thoroughly evaluated in this report.

Next-Generation Data Storage Market Research Methodology

This report assesses the major characteristics of profit, pricing, competition, and promotions by investigating, synthesizing, and summarizing information from a variety of sources. Key players are identified, and information is provided on many facets of the market. The material is comprehensive, dependable, and the result of extensive primary and secondary research. The study provides a detailed competitive landscape as well as a full selection and analysis of vendors by anticipating realistic market growth.

COVID-19 Impact Analysis

This research provides analysis of the short- and long-term impacts of the COVID-19 outbreak on each major region of the Next-Generation Data Storage market, as well as information on the various efforts made by the government and local stakeholders to reduce the pandemic's effects. It also covers the current market situation, as well as the impact of a pandemic on major corporations. This data will enable market participants to keep track of trends and plan their futures accordingly.

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Competitive Scenario

This study investigates and analyses the global Next-Generation Data Storage market. The study identifies the top players in each region based on important metrics and market share. It also provides revenue generation estimates and industry growth rates, in order for the reader to assess revenue-generating strategies. The study was prepared by industry experts with data obtained from surveys, secondary sources, and primary interviews.

Key Points Covered in the Next-Generation Data Storage Report

- Key influencing elements for the target market, as well as their short- and long-term commercial implications.

- The market's top performers, as well as their significant innovations and tactics.

- Major regional markets throughout the world and their current contribution to global market growth.

Table of Contents – Major Key Points

Chapter 1. Executive Summary

Chapter 2. Global Market Definition and Scope

Chapter 3. Global Market Dynamics

Chapter 4. Global Market Industry Analysis

Chapter 5. Global Next-Generation Data Storage Market, by Storage Architecture

Chapter 6. Global Next-Generation Data Storage Market, byStorage Medium

Chapter 7. Global Next-Generation Data Storage Market, by Storage System

Chapter 8. Global Next-Generation Data Storage Market, by End User

Chapter 9. Global Next-Generation Data Storage Market, Regional Analysis

Chapter 10. Competitive Intelligence

Chapter 11. Research Process

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