Next-Generation Data Storage Market

Rapid Growth in Unstructured Data to boost the Next-generation Data Storage Market growth over the Forecast Period

The global next-generation data storage market was valued at US$ 52.54 Bn in 2018 and is expected to reach US$ 144.33 Bn by 2027, expanding at a CAGR of 12.5% during the forecast from 2019 to 2027. Ever-growing unstructured data by the emergence of Big Data, artificial intelligence, and other breakthrough technologies have ushered in the growth of next-generation data storage technologies. In addition, the growing adoption of cloud computing among small, medium, and large enterprises has forced industry leaders to shift from traditional storage to advanced storage. However, some companies still have faith in traditional storage technologies such as hard disk drives and tape storage devices. As a result, the market for traditional storage devices has a precarious footprint in the global next-generation data storage market.

With the growing trend of cloud platforms and solid-state drives, cloud storage devices have now displaced the small tape market. On the contrary, great tape demand is expected to grapple with the cloud and solid-state storage technologies because of the increasing adoption of Linear Tape Open (LTO) technology by cloud service providers. LTO is widely used by large enterprises and cloud service providers that have high duty-cycle requirements.

Market Synopsis

The Solid-State Drive Segment is expected to witness the highest CAGR during the forecast period.

Solid-state drive storage technology is poised to witness the fastest growth over the forecast period. High durability, speed, and cost-effectiveness are some of the prime features guiding the segment’s rapid growth. In addition, its increased use in consumer electronics and enterprise segments has also encouraged the market players to shift to flash storage technology. As a result, flash storage systems have seen a tremendous growth of nearly 55% in the first quarter of the year 2018 as compared to the first quarter of 2017.

In addition, other industry verticals, such as the healthcare and automobile industry, are exploiting the benefits of advanced storage technologies. For instance, in June 2019, Renovo. Auto, an autonomous vehicle software vendor, has announced a strategic alliance with Seagate Technology plc. to fuel its autonomous vehicle data management effort. However, on the counterpart, some players still believe strongly in the traditional tape and hard disk drive technology as they offer the benefits of a high level of data integrity for a long time period and a low environmental footprint.

Asia Pacific witnesses the Highest Growth over the Forecast Period

The Asia Pacific is expected to witness the fastest growth during the forecast period. The regional growth is mainly attributed to rapid growth in social media subscribers and internet users. Additionally, the region is price sensitive and lucrative for penetration of various industry verticals. Consequently, a solid-state drive is the preferable storage technology in the Asia Pacific. China is the frontrunner in the Asia Pacific next-generation data storage market owing to rapid industrialization and significant investment in cloud computing. As of 2018, the China cloud computing market was valued at US$ 13.97 Bn, a growth of 39.2% from 2017.

Key Players & Competitive Landscape:

The next-generation data generation market giants face tough competition from the startup players in the market as every player is continuously upgrading their product with advanced features and cost benefits to grab significant market share. IBM Corp., Western Digital Corp., NetApp Inc., Intel Corp., Toshiba Corp., and other tech giants are also upgrading their products to maintain a stable position in the market.

Some of the significant market players listed in the global next-generation data storage market report include Dell Inc., IBM Corporation, Nutanix Inc., HP Enterprise, Toshiba Corporation, Scality, Samsung Group, Netapp Inc., Quantum Corporation, Hitachi Ltd., Pure Storage, Tintri Inc., Cloudian Inc., Inspur Group, VMware Inc., Micron Technology Inc., Western Digital Corporation, Drobo Inc., Nexenta Systems Inc., and NETGEAR Inc.

Historical & Forecast Period

This research study provides qualitative and quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The next-generation data storage market research offers market size and forecasts based on market dynamics and predominant trends shaping the industry. The report provides an all-around view of the global next-generation data storage market based on the storage system, storage architecture, storage technology, industry verticals, and geography.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global NGDS Market
2.2. Global NGDS Market, by Storage System, 2018 (US$ Bn)
2.3. Global NGDS Market, by Storage Architecture, 2018 (US$ Bn)
2.4. Global NGDS Market, by Storage Technology, 2018 (US$ Bn)
2.5. Global NGDS Market, by Industry Verticals, 2018 (US$ Bn)
2.6. Global NGDS Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global NGDS Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Next-generation Data Storage (NGDS) Market, by Storage System, 2017-2027 (US$ Bn)
4.1. Direct-Attached Storage
4.2. Network-Attached Storage
4.3. Storage Area Network
4.4. Others

5. Global Next-generation Data Storage (NGDS) Market, by Storage Architecture, 2017-2027 (US$ Bn)
5.1. File Storage
5.2. Object Storage
5.3. Block Storage

6. Global Next-generation Data Storage (NGDS) Market, by Storage Technology, 2017-2027 (US$ Bn)
6.1. Hard Disk Drive
6.2. Solid-State Drive
6.3. Tape
6.4. Optical

7. Global Next-generation Data Storage (NGDS) Market, by Industry Verticals, 2017-2027 (US$ Bn)
7.1. IT & Telecom
7.2. Government
7.3. Healthcare
7.4. BFSI
7.5. Retail
7.6. Media & Entertainment
7.7. Manufacturing
7.8. Others

8. North America Next-generation Data Storage (NGDS) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. North America NGDS Market Value and Growth, 2017-2027, (US$ Bn)
8.2. North America NGDS Market Value, By Storage System, 2017-2027 (US$ Bn)
8.2.1. Direct-Attached Storage
8.2.2. Network-Attached Storage
8.2.3. Storage Area Network
8.2.4. Others
8.3. North America NGDS Market Value, By Storage Architecture, 2017-2027 (US$ Bn)
8.3.1. File Storage
8.3.2. Object Storage
8.3.3. Block Storage
8.4. North America NGDS Market Value, By Storage Technology, 2017-2027 (US$ Bn)
8.4.1. Hard Disk Drive
8.4.2. Solid-State Drive
8.4.3. Tape
8.4.4. Optical
8.5. North America NGDS Market Value, By Industry Verticals, 2017-2027 (US$ Bn)
8.5.1. IT & Telecom
8.5.2. Government
8.5.3. Healthcare
8.5.4. BFSI
8.5.5. Retail
8.5.6. Media & Entertainment
8.5.7. Manufacturing
8.5.8. Others
8.6. North America NGDS Market Value, By Country/ Region, 2017-2027 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America

9. Europe Next-generation Data Storage (NGDS) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Europe NGDS Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Europe NGDS Market Value, By Storage System, 2017-2027 (US$ Bn)
9.2.1. Direct-Attached Storage
9.2.2. Network-Attached Storage
9.2.3. Storage Area Network
9.3. Europe NGDS Market Value, By Storage Architecture, 2017-2027 (US$ Bn)
9.3.1. File Storage
9.3.2. Object Storage
9.3.3. Block Storage
9.4. Europe NGDS Market Value, By Storage Technology, 2017-2027 (US$ Bn)
9.4.1. Hard Disk Drive
9.4.2. Solid-State Drive
9.4.3. Tape
9.4.4. Optical
9.5. Europe NGDS Market Value, By Industry Verticals, 2017-2027 (US$ Bn)
9.5.1. IT & Telecom
9.5.2. Government
9.5.3. Healthcare
9.5.4. BFSI
9.5.5. Retail
9.5.6. Media & Entertainment
9.5.7. Manufacturing
9.5.8. Others
9.6. Europe NGDS Market Value, By Country/ Region, 2017-2027 (US$ Bn)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe

10. Asia Pacific Next-generation Data Storage (NGDS) Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Asia Pacific NGDS Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Asia Pacific NGDS Market Value, By Storage System, 2017-2027 (US$ Bn)
10.2.1. Direct-Attached Storage
10.2.2. Network-Attached Storage
10.2.3. Storage Area Network
10.3. Asia Pacific NGDS Market Value, By Storage Architecture, 2017-2027 (US$ Bn)
10.3.1. File Storage
10.3.2. Object Storage
10.3.3. Block Storage
10.4. Asia Pacific NGDS Market Value, By Storage Technology, 2017-2027 (US$ Bn)
10.4.1. Hard Disk Drive
10.4.2. Solid-State Drive
10.4.3. Tape
10.4.4. Optical
10.5. Asia Pacific NGDS Market Value, By Industry Verticals, 2017-2027 (US$ Bn)
10.5.1. IT & Telecom
10.5.2. Government
10.5.3. Healthcare
10.5.4. BFSI
10.5.5. Retail
10.5.6. Media & Entertainment
10.5.7. Manufacturing
10.5.8. Others
10.6. Asia Pacific NGDS Market Value, By Country/ Region, 2017-2027 (US$ Bn)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific

11. Rest of the World Next-generation Data Storage (NGDS) Market Analysis, 2017-2027 (US$ Bn)
11.1. Overview
11.1.1. Rest of the World NGDS Market Value and Growth, 2017-2027, (US$ Bn)
11.2. Rest of the World NGDS Market Value, By Storage System, 2017-2027 (US$ Bn)
11.2.1. Direct-Attached Storage
11.2.2. Network-Attached Storage
11.2.3. Storage Area Network
11.3. Rest of the World NGDS Market Value, By Storage Architecture, 2017-2027 (US$ Bn)
11.3.1. File Storage
11.3.2. Object Storage
11.3.3. Block Storage
11.4. Rest of the World NGDS Market Value, By Storage Technology, 2017-2027 (US$ Bn)
11.4.1. Hard Disk Drive
11.4.2. Solid-State Drive
11.4.3. Tape
11.4.4. Optical
11.5. Rest of the World NGDS Market Value, By Industry Verticals, 2017-2027 (US$ Bn)
11.5.1. IT & Telecom
11.5.2. Government
11.5.3. Healthcare
11.5.4. BFSI
11.5.5. Retail
11.5.6. Media & Entertainment
11.5.7. Manufacturing
11.5.8. Others
11.6. Rest of the World NGDS Market Value, By Region, 2017-2027 (US$ Bn)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America

12. Company Profiles
12.1. Dell Inc.
12.2. IBM Corporation
12.3. Nutanix Inc.
12.4. HP Enterprise
12.5. Toshiba Corporation
12.6. Scality
12.7. Samsung Group
12.8. Netapp Inc.
12.9. Quantum Corporation
12.10. Hitachi Ltd.
12.11. Pure Storage
12.12. Tintri Inc.
12.13. Cloudian Inc.
12.14. Inspur Group
12.15. VMware Inc.
12.16. Micron Technology Inc.
12.17. Western Digital Corporation
12.18. Drobo Inc.
12.19. Nexenta Systems Inc.
12.20. NETGEAR Inc.

List of Figures

FIG. 1 Global Next-generation Data Storage (NGDS) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global NGDS Market Segmentation
FIG. 4 Global NGDS Market, by Storage System, 2018 (US$ Bn)
FIG. 5 Global NGDS Market, by Storage Architecture, 2018 (US$ Bn)
FIG. 6 Global NGDS Market, by Storage Technology, 2018 (US$ Bn)
FIG. 7 Global NGDS Market, by Industry Verticals, 2018 (US$ Bn)
FIG. 8 Global NGDS Market, by Geography, 2018 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Global Market Positioning of Key NGDS Market Players, 2018
FIG. 11 Global NGDS Market Value Share, by Storage System, 2018 & 2027 (Value %)
FIG. 12 Global NGDS Market for Direct-Attached Storage, 2017–2027 (US$ Bn)
FIG. 13 Global NGDS Market for Network-Attached Storage, 2017–2027 (US$ Bn)
FIG. 14 Global NGDS Market for Storage Area Network, 2017–2027 (US$ Bn)
FIG. 15 Global NGDS Market Value Share, by Storage Architecture, 2018 & 2027 (Value %)
FIG. 16 Global NGDS Market for File Storage, 2017–2027 (US$ Bn)
FIG. 17 Global NGDS Market for Object Storage, 2017–2027 (US$ Bn)
FIG. 18 Global NGDS Market for Block Storage, 2017–2027 (US$ Bn)
FIG. 19 Global NGDS Market Value Share, by Storage Technology, 2018 & 2027 (Value %)
FIG. 20 Global NGDS Market for Hard Disk Drive, 2017–2027 (US$ Bn)
FIG. 21 Global NGDS Market for Solid-State Drive, 2017–2027 (US$ Bn)
FIG. 22 Global NGDS Market for Tape, 2017–2027 (US$ Bn)
FIG. 23 Global NGDS Market for Optical, 2017–2027 (US$ Bn)
FIG. 24 Global NGDS Market Value Share, by Industry Verticals, 2018 & 2027 (Value %)
FIG. 25 Global NGDS Market for IT & Telecom, 2017–2027 (US$ Bn)
FIG. 26 Global NGDS Market for Government, 2017–2027 (US$ Bn)
FIG. 27 Global NGDS Market for Healthcare, 2017–2027 (US$ Bn)
FIG. 28 Global NGDS Market for BFSI, 2017–2027 (US$ Bn)
FIG. 29 Global NGDS Market for Retail, 2017–2027 (US$ Bn)
FIG. 30 Global NGDS Market for Media & Entertainment, 2017–2027 (US$ Bn)
FIG. 31 Global NGDS Market for Manufacturing, 2017–2027 (US$ Bn)
FIG. 32 Global NGDS Market for Others, 2017–2027 (US$ Bn)
FIG. 33 North America NGDS Market, 2017–2027 (US$ Bn)
FIG. 34 Europe NGDS Market, 2017–2027 (US$ Bn)
FIG. 35 Asia Pacific NGDS Market, 2017–2027 (US$ Bn)
FIG. 36 RoW NGDS Market, 2017–2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Next-generation Data Storage (NGDS) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global NGDS Market, by Storage System, 2017–2027 (US$ Bn)
TABLE 5 Global NGDS Market, by Storage Architecture, 2017–2027 (US$ Bn)
TABLE 6 Global NGDS Market, by Storage Technology, 2017–2027 (US$ Bn)
TABLE 7 Global NGDS Market, by Industry Verticals, 2017–2027 (US$ Bn)
TABLE 8 Global NGDS Market, by Geography, 2017–2027 (US$ Bn)
TABLE 9 North America NGDS Market, by Storage System, 2017–2027 (US$ Bn)
TABLE 10 North America NGDS Market, by Storage Architecture, 2017–2027 (US$ Bn)
TABLE 11 North America NGDS Market, by Storage Technology, 2017–2027 (US$ Bn)
TABLE 12 North America NGDS Market, by Industry Verticals, 2017–2027 (US$ Bn)
TABLE 13 North America NGDS Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 14 Europe NGDS Market, by Storage System, 2017–2027 (US$ Bn)
TABLE 15 Europe NGDS Market, by Storage Architecture, 2017–2027 (US$ Bn)
TABLE 16 Europe NGDS Market, by Storage Technology, 2017–2027 (US$ Bn)
TABLE 17 Europe NGDS Market, by Industry Verticals, 2017–2027 (US$ Bn)
TABLE 18 Europe NGDS Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 19 Asia Pacific NGDS Market, by Storage System, 2017–2027 (US$ Bn)
TABLE 20 Asia Pacific NGDS Market, by Storage Architecture, 2017–2027 (US$ Bn)
TABLE 21 Asia Pacific NGDS Market, by Storage Technology, 2017–2027 (US$ Bn)
TABLE 22 Asia Pacific NGDS Market, by Industry Verticals, 2017–2027 (US$ Bn)
TABLE 23 Asia Pacific NGDS Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 24 Rest of the World NGDS Market, by Storage System, 2017–2027 (US$ Bn)
TABLE 25 Rest of the World NGDS Market, by Storage Architecture, 2017–2027 (US$ Bn)
TABLE 26 Rest of the World NGDS Market, by Storage Technology, 2017–2027 (US$ Bn)
TABLE 27 Rest of the World NGDS Market, by Industry Verticals, 2017–2027 (US$ Bn)
TABLE 28 Rest of the World NGDS Market, by Region, 2017–2027 (US$ Bn)
TABLE 29 Dell Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 IBM Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 31 Nutanix Inc. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 32 HP Enterprise: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 33 Toshiba Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 34 Scality: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 35 Samsung Group: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 36 Netapp Inc. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 37 Quantum Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 38 Hitachi Ltd. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 39 Pure Storage: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 40 Tintri Inc. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 41 Cloudian Inc. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 42 Inspur Group: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 43 VMware Inc. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 44 Micron Technology Inc. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 45 Western Digital Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 46 Drobo Inc. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 47 Nexenta Systems Inc. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 48 NETGEAR Inc. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)