Dublin, April 09, 2019 (GLOBE NEWSWIRE) -- The "Next-Generation Data Storage Market by Storage System (Direct-Attached, Network-Attached, Storage Area Network), Storage Architecture (File- & Object-Based, Block), Storage Medium (SSD, HDD, Tape), & End User - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The next-generation data storage market is estimated to grow from USD 56.8 billion by 2019 to USD 102.2 billion by 2024 at a CAGR of 12.48%.
Next-generation data storage includes computing technologies and devices that are used to store, port, and extract data in a quicker and more efficient way. It deals with the security and management of data and harnessing of the information to meet the application and software networking needs of end users. Next-generation data storage comprises various computer-controlled systems and equipment which are used to store and accurately retrieve data for reuse. There is a rapid increase in the volume of data generated in organizations and industries, which leads to the rising need for storage devices and technologies.
The major drivers for this market include the massive growth in digital data volume; proliferated use of smartphones, laptops, and tablets; growth of IoT market; and increasing penetration of high-end cloud computing. However, a breach in data security in cloud and server-based services, and less structured data are the major restraints for the growth of the next-generation data storage market. Also, major challenges faced by market players include high cost associated with cloud storage and delivering robust and high-speed data storage.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Massive Growth in Digital Data Volumes
5.2.1.2 Proliferated Use of Smartphones, Laptops, and Tablets
5.2.1.3 Growth of IoT Market
5.2.1.4 Increasing Penetration of High-End Cloud Computing
5.2.2 Restraints
5.2.2.1 Breach in Data Security in Cloud and Server-Based Services
5.2.2.2 Less Structured Data
5.2.3 Opportunities
5.2.3.1 Increased Need for Data Analytics
5.2.3.2 Growing Adoption of Cloud Storage and Solid-State Drives
5.2.4 Challenges
5.2.4.1 Delivering Robust and High-Speed Data Storage
5.2.4.2 High Cost Associated With Cloud Storage
6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Advantages of Next-Generation Data Storage Over Traditional Data Storage
6.4 Industry Trends
7 Next-Generation Data Storage Market, By Storage System
7.1 Introduction
7.2 Direct-Attached Storage
7.2.1 Direct-Attached Storage is the Oldest and Convenient Data Storage Systems
7.3 Network-Attached Storage
7.3.1 Network-Attached Storage to Grow at the Highest Rate
7.4 Storage Area Network
7.4.1 Storage Area Network Held Largest Share of Next-Generation Data Storage Market in 2018
8 Next-Generation Data Storage Market, By Storage Architecture
8.1 Introduction
8.2 File- and Object-Based Storage
8.2.1 File Storage
8.2.1.1 File-Level Storage is Usually Used in NAS Devices as It Offers Comparatively More Storage Space
8.2.2 Object Storage
8.2.2.1 Object Storage is A Preferred Option By the Cloud Storage Providers Due to Its Massive Scalability and Shared Tenancy Features
8.3 Block Storage
8.3.1 Each Block is Controlled and Formatted on an Individual Basis, as Per the Need, By Server-Based Operating Systems in Block Storage
9 Next-Generation Data Storage Market, By Storage Medium
9.1 Introduction
9.2 Hard Disk Drive
9.2.1 Hard Disk Drive Provides High Storage Capacities at Affordable Prices
9.3 Solid-State Drive
9.3.1 Solid-State Drive to Hold the Largest Share of Next-Generation Data Storage Market in 2024
9.4 Tape
9.4.1 Tape Offers for Long-Term Data Retention
10 Next-Generation Data Storage Market, By End User
10.1 Introduction
10.2 Enterprises
10.2.1 BFSI
10.2.1.1 BFSI Held Largest Share of the Next-Generation Data Storage Market
10.2.2 Consumer Goods
10.2.2.1 Consumer Goods Sector Witnessed the High Adoption of Cloud Storage
10.2.3 Retail
10.2.3.1 Advent of Online Retailers is Boosting the Next-Generation Data Storage Market
10.2.4 Healthcare
10.2.4.1 High-Powered Analytics, Distant Data Sharing, Advanced Medical Research, and Telemedicine Capabilities are Driving the Market for the Healthcare Industry
10.2.5 Media and Entertainment
10.2.5.1 Implementation of Next-Generation Data Storage Systems Enables Efficient Content Management in Media and Entertainment Industry
10.2.6 Manufacturing
10.2.6.1 Advanced and Flexible Storage Solutions Help Manufactures Work Efficiently With the Available Data
10.2.7 Others
10.2.7.1 Next-Generation Data Storage Products are Designed to Handle Major Security Challenges in Industries Such as Aerospace & Defense and Energy
10.3 Government Bodies
10.3.1 Government Bodies Worldwide Have Adopted Digitization and Data Analytics Technologies to Improve Their Strategic Planning
10.4 Telecom Companies
10.4.1 Data Science and Big Data Analytics are the Major Emerging Opportunities in the Telecom Sector
10.5 Cloud Service Providers
10.5.1 Cloud Storage Solutions Offer Enterprises the Flexibility to Scale Up Or Scale Down the Storage Capacity, Depending on the Business Requirements
11 Geographic Analysis
12 Competitive Landscape
12.1 Overview
12.2 Market Ranking Analysis: Next-Generation Data Storage Market, 2018
12.3 Competitive Leadership Mapping, 2018
12.3.1 Visionary Leaders
12.3.2 Innovators
12.3.3 Dynamic Differentiators
12.3.4 Emerging Companies
12.4 Competitive Situations and Trends
12.4.1 Product Launches and Developments
12.4.2 Partnerships and Collaborations
12.4.3 Acquisitions
12.4.4 Agreements
13 Company Profiles
13.1 Key Players
13.1.1 Dell
13.1.2 Hewlett Packard Enterprise (HPE) Company
13.1.3 IBM
13.1.4 Netapp
13.1.5 Hitachi
13.1.6 Toshiba
13.1.7 Pure Storage
13.1.8 Nutanix
13.1.9 Scality
13.1.10 Micron Technology
13.2 Other Key Players
13.2.1 Tintri
13.2.2 Cloudian
13.2.3 Drobo
13.2.4 Quantum
13.2.5 Western Digital
13.2.6 Samsung
13.2.7 Fujitsu
13.2.8 Vmware
13.2.9 Nexenta Systems
13.2.10 Netgear
13.2.11 Inspur
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