Global Next-Generation Data Storage Market Size and Forecast 2023-2032|Samsung Electronics Co. Ltd., Dell Technologies Inc., Hitachi Ltd., Huawei Technologies Co. Ltd., The International Business Machines Corporation,

The Next-Generation Data Storage Global Market Report 2023, provides comprehensive information on the next-generation data storage market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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The global next-generation data storage market is expected to grow from $72.54 billion in 2022 to $80.74 billion in 2023 at a compound annual growth rate (CAGR) of 11.30%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The next-generation data storage market is expected to reach $121.37 billion in 2027 at a CAGR of 10.73%

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Product innovations are a key trend gaining popularity in the next-generation data storage market. Companies operating in the next-generation data storage market are using advanced technologies to sustain their position in the market. For instance, in April 2021, IBM, a US-based IT services and IT consulting company launched IBM Spectrum Fusion as a brand-new, container-native software-defined storage (SDS) solution. It is planned to include Red Hat OpenShift so that businesses may deliver software-defined storage for cloud, edge, and containerized data centers, as well as environments for both virtual machines and containers.

The next-generation data storage market is segmented:

1) By Type: Direct Attached Storage (DAS), Network Attached Storage (NAS), Storage Area Network (SAN), Other Types

2) By Technology: Magnetic Storage, Hybrid Flash Array, Solid State Drive (SSD)

3) By Architecture: File-Based, Object-Based, Block Storage

4) By Deployment: On Premise, Cloud

5) By Industrial Vertical: BFSI, Government, Retail, IT And Telecommunication, Manufacturing, Healthcare, Education, Media And Entertainment

North America was the largest region in the next-generation data storage market in 2022.

The table of contents in TBRC’s next-generation data storage market report includes:

1. Executive Summary

2. Next-Generation Data Storage Market Characteristics3. Next-Generation Data Storage Market Trends And Strategies

4. Next-Generation Data Storage Market – Macro Econozmic Scenario

5. Next-Generation Data Storage Market Segmentation

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26. South America Next-Generation Data Storage Market

27. Brazil Next-Generation Data Storage Market

28. Middle East Next-Generation Data Storage Market

29. Africa Next-Generation Data Storage Market

30. Next-Generation Data Storage Market Competitive Landscape And Company Profiles

Top Major Players:

  • Samsung Electronics Co. Ltd
  • Dell Technologies Inc
  • Hitachi Ltd
  • Huawei Technologies Co. Ltd
  • The International Business Machines Corporation

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