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Next-Generation Data Storage Market by Storage System (Direct-Attached, Network-Attached, Storage Area Network), Storage Architecture, Storage Medium, Storage Systems, Deployment Type, End-user and Region - Global Forecast to 2028

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Date: 16-Feb-2023
No. of pages: 221
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“The Next-Generation Data Storage market is projected to grow at a CAGR of 7.3% during 2023–2028”

The Next-Generation Data Storage market is projected to grow from USD 60.7 billion in 2023 and is projected to reach USD 86.2 billion by 2028; it is expected to grow at a CAGR of 7.3% from 2023 to 2028.

The growth of this market is driven by factors such as surging adoption of IoT technologies and connected devices, increasing adoption of NVMe in enterprise storage systems, and rising data generation with surge in use of mobile and smart wearable devices.

“Market for SAN segment to grow at the high CAGR during the forecast period.”

The market for SAN storage systems is expected to grow at the second-highest CAGR during the forecast period. SAN’s high I/O processing speeds and low latency make it a good option for high-speed transactional environments such as enterprise databases and high-traffic e-commerce websites. The SAN storage market is expected to be dominated by the banking, financial services, and insurance (BFSI) and IT and telecommunications sectors because of the rapid adoption of digital technologies in these sectors. As a result, there will be high demand for high-speed cloud-centric data storage systems with reliable data storage architecture. 

“The hybrid segment is projected to record high CAGR during the forecast period.”

The hybrid segment is projected to record the high CAGR during the forecast period. The hybrid system consists of both on-premises and remote/cloud deployments, where active data is stored in the on-premises system, and inactive data is shifted to remote location-based systems. This is also known as disaster recovery management. The inclination toward such deployment models is increasing day by day as companies need to keep a backup of crucial data to avoid the loss of critical information in the case of any disaster. One of the benefits of hybrid cloud storage is that it combines on-premises control over infrastructure, security, and data with the flexibility of cloud technology.

“Asia Pacific will be the fastest growing region in Next-Generation Data Storage market during the forecast period”

Asia Pacific is expected to be the fastest-growing region in the Next-Generation Data Storage market during the forecast period. Adopting big data, IoT, and other digital and virtualized platforms in Asia Pacific economies such as China, India, Japan, and South Korea also increases the requirement for efficient data storage management solutions. Rules and regulations in these economies are compelling the banking and telecom companies to store a large volume of historical data and manage it in a secure manner. The Asia Pacific market is open to adopting advanced technologies in data storage further supporting the market growth.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the Next-Generation Data Storage space. The break-up of primary participants for the report has been shown below:


  • By Company Type: Tier 1 – 50%, Tier 2 – 20%, and Tier 3 – 30%

  • By Designation: C-level Executives – 20%, Directors –70%, and Others – 10%

  • By Region: North America –20%, Europe – 15%, Asia Pacific– 55%, and RoW – 10%


The report profiles key players in the Next-Generation Data Storage market with their respective market ranking analysis. Prominent players profiled in this report are include Dell Technologies Inc. (US), HPE (US), NetApp, Inc. (US), Huawei Technologies Co., Ltd. (China), Pure Storage, Inc. (US), Hitachi Ltd. (Japan), Fujitsu Ltd. (Japan), IBM Corporation (US), DataDirect Networks (US), and Micron Technology Inc. (US).

Apart from these, Cloudian (US), Drobo, Inc. (US), Quantum Corp. (US), Western Digital Corporation (US), Samsung Electronics Co., Ltd. (South Korea), Nutanix (US), Seagate Technology LLC (US), Scality (US), NETGEAR, Inc. (US), Inspur Group (China), SK Hynix (South Korea), LucidLink (US), DataCore (US), KIOXIA Holdings Corp. (Japan), and Infinidat (US) are among a few emerging companies in the Next-Generation Data Storage market.

Research Coverage:

This research report categorizes the Next-Generation Data Storage market on the basis of storage system, storage medium, storage architecture, enduser, deployment type, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the Next-Generation Data Storage market and forecasts the same till 2028. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the Next-Generation Data Storage ecosystem.

Key Benefits of Buying the Report

The report would help leaders/new entrants in this market in the following ways:


  • This report segments the Next-Generation Data Storage market comprehensively and provides the closest market size projection for all sub segments across different regions.

  • The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.

  • This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, product developments and launches, partnerships, and mergers and acquisitions.

  • The analysis of the top 25 companies, based on the market rank as well as the product footprint will help stakeholders visualize the market positioning of these key players.

  • Patent analysis, trade data, and technological trends that will shape the market in the coming years has also been covered in this report.

Next-Generation Data Storage Market by Storage System (Direct-Attached, Network-Attached, Storage Area Network), Storage Architecture, Storage Medium, Storage Systems, Deployment Type, End-user and Region - Global Forecast to 2028

Table Of Contents

1 Introduction 35
1.1 Study Objectives 35
1.2 Market Definition 35
1.3 Inclusions And Exclusions 36
1.4 Study Scope 37
1.4.1 Markets Covered 37
Figure 1 Next-Generation Data Storage Market Segmentation 37
1.4.2 Regional Scope 37
1.5 Years Considered 38
1.6 Currency Considered 38
1.7 Units Considered 38
1.8 Limitations 38
1.9 Stakeholders 38
1.10 Summary Of Changes 39

2 Research Data 41
2.1 Research Methodology 41
Figure 2 Next-Generation Data Storage Market Size Estimation And Process Flow 41
Figure 3 Next-Generation Data Storage Market: Research Design 42
2.1.1 Secondary Data 42
2.1.1.1 Key Data From Secondary Sources 43
2.1.2 Primary Data 43
2.1.2.1 Primary Interviews With Experts 44
2.1.2.2 Key Data From Primary Sources 44
2.1.2.3 Key Industry Insights 45
2.1.2.4 Breakdown Of Primaries 45
2.1.3 Secondary And Primary Research 46
2.2 Market Size Estimation 46
Figure 4 Market Size Estimation Methodology: Approach 1 (Supply Side): Revenue Generated From Sales Of Next-Generation Data Storage Equipment And Software In 2022 47
Figure 5 Market Size Estimation Methodology: Approach 2 (Demand Side): Estimation Of Next-Generation Data Storage Market Size, By Storage Medium 47
2.2.1 Bottom-Up Approach 48
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach 48
2.2.1.1 Approach To Estimate Market Size Using Bottom-Up Analysis (Demand Side) 48
2.2.2 Top-Down Approach 48
Figure 7 Market Size Estimation Methodology: Top-Down Approach 49
2.2.2.1 Approach To Estimate Market Size Using Top-Down Analysis (Supply Side) 49
2.3 Market Breakdown And Data Triangulation 50
Figure 8 Data Triangulation 50
2.4 Research Assumptions 51
Table 1 Assumptions For Research Study 51
2.5 Research Limitations 51
2.6 Risk Assessment 52
2.7 Parameters Considered To Analyze Impact On Recession 52

3 Executive Summary 53
3.1 Recession Analysis 53
Figure 9 Gdp Growth Projection Till 2023 For Major Economies 53
Figure 10 Projections For Next-Generation Data Storage Market Based On Recession Scenarios 54
3.2 Growth Rate Assumptions/Forecast 54
Figure 11 Network-Attached Storage Segment To Dominate Next-Generation Data Storage Market Throughout Forecast Period 56
Figure 12 File- & Object-Based Storage Segment To Lead Next-Generation Data Storage Market Throughout Forecast Period 57
Figure 13 Ssd Segment To Hold Largest Share Of Next-Generation Data Storage Market In 2028 57
Figure 14 Cloud Service Providers Segment To Witness Highest Cagr In Next-Generation Data Storage Market During Forecast Period 58
Figure 15 North America To Hold Largest Share Of Next-Generation Data Storage Market In 2023 58

4 Premium Insights 60
4.1 Attractive Opportunities For Players In Next-Generation Data Storage Market 60
Figure 16 Emerging Markets To Create Opportunities For Providers Of Next-Generation Data Storage Systems In Coming Years 60
4.2 Next-Generation Data Storage Market, By Storage System 61
Figure 17 Network-Attached Storage Segment To Hold Largest Market Share In 2028 61
4.3 Next-Generation Data Storage Market In Asia Pacific, By End User And Country 61
Figure 18 Enterprises And China To Account For Largest Share Of Next-Generation Data Storage Market In Asia Pacific In 2023 61
4.4 Next-Generation Data Storage Market For Enterprises, By Vertical 62
Figure 19 Bfsi Vertical To Hold Largest Market Share Of Enterprises Segment From 2023 To 2028 62
4.5 Next-Generation Data Storage Market, By Deployment Type 62
Figure 20 On-Premises Deployment Type To Capture Largest Share Of Next-Generation Data Storage Market From 2023 To 2028 62
4.6 Next-Generation Data Storage Market, By Storage Architecture 63
Figure 21 File- & Object-Based Storage Architecture To Grow At Higher Cagr During Forecast Period 63
4.7 Next-Generation Data Storage Market, By Region 63
Figure 22 Next-Generation Data Storage Market In India To Grow At Highest Cagr During Forecast Period 63

5 Market Overview 64
5.1 Introduction 64
5.2 Market Dynamics 64
Figure 23 Next-Generation Data Storage Market: Drivers, Restraints, Opportunities, And Challenges 64
5.2.1 Drivers 65
5.2.1.1 Increasing Data Generation With Rising Use Of Smartphones And Wearable Devices 65
5.2.1.2 Surging Adoption Of Iot Technologies And Connected Devices 65
5.2.1.3 Rising Use Of 5g Technology 66
5.2.1.4 Increasing Adoption Of Nvme Technology In Ssd And Data Storage Applications 66
Figure 24 Impact Of Drivers On Next-Generation Data Storage Market 67
5.2.2 Restraints 67
5.2.2.1 Data Security Concerns 67
Figure 25 Impact Of Restraints On Next-Generation Data Storage Market 68
5.2.3 Opportunities 68
5.2.3.1 Increasing Adoption Of Hybrid Cloud Infrastructure 68
5.2.3.2 Growing Requirement For Real-Time Data 68
5.2.3.3 Increasing Traction Of Industrial Grade Flash Memories 69
Figure 26 Impact Of Opportunities On Next-Generation Data Storage Market 70
5.2.4 Challenges 70
5.2.4.1 Lack Of Proper Infrastructure To Secure Data 70
5.2.4.2 High Latency Issue Witnessed By Storage Devices Connected Through Internet 70
Figure 27 Impact Of Challenges On Next-Generation Data Storage Market 71
5.3 Value Chain Analysis 71
Figure 28 Value Chain: Next-Generation Data Storage Market 71
5.4 Ecosystem Analysis 72
Table 2 List Of Companies And Their Roles In Next-Generation Data Storage Ecosystem 73
5.5 Technology Trends 74
5.6 Patent Analysis 75
Figure 29 Number Of Patents Filed From 2010 To 2022 75
Figure 30 Top 10 Companies With Highest Number Of Patent Applications From 2010 To 2022 75
Table 3 List Of Top Patent Owners From 2010 To 2022 76
5.6.1 List Of Important Patents 76
Table 4 List Of Major Patents, 2021–2022 76
5.7 Case Study Analysis 79
5.7.1 Idec Corporation Relies On Next-Generation Data Storage Solution From Dell To Improve Its Erp Performance 79
5.7.2 Zenuity Develops Ai Infrastructure And Makes Autonomous Vehicles Smarter And Safer Using Nvidia’s Dgx-1 And Pure Storage Flashblade 79
5.7.3 Mercedes-Amg Petronas Develops It Infrastructure For Fast Data Integration Using Flasharray And Flashblade Offered By Purestorage 80
5.7.4 Hy Group Partners With Western Digital For Data Storage Solution With Longer Data Retention, Higher Performance, And Lower Cost 80
5.7.5 Recursion Pharmaceuticals Collaborates With Ddn For Faster Processing Of Clinical Trials During Drug Discovery 81
5.7.6 Puregold Price Club Coordinates With Huawei Technologies To Expand Its Storage Capacity 81
5.8 Trends/Disruptions Impacting Customer Business 82
Figure 31 New Revenue Pockets For Players In Next-Generation Data Storage Market 82
5.9 Trade Analysis 83
Figure 32 Import Data For Hs Code 847170, By Country, 2017–2021 (Usd Million) 83
Figure 33 Export Data For Hs Code 847170, By Country, 2017–2021 (Usd Million) 84
5.10 Porter’s Five Forces Analysis 84
Table 5 Next-Generation Data Storage Market: Porter’s Five Forces Analysis 85
5.10.1 Intensity Of Competitive Rivalry 85
5.10.2 Bargaining Power Of Suppliers 85
5.10.3 Bargaining Power Of Buyers 85
5.10.4 Threat Of Substitutes 86
5.10.5 Threat Of New Entrants 86
5.11 Tariff Analysis 86
Table 6 Mfn Tariff For Products Exported By Us Under Hs Code 847170 (2021) 87
Table 7 Mfn Tariff For Products Exported By China Under Hs Code 847170 (2021) 87
5.12 Standards And Regulatory Landscape 88
5.12.1 Regulatory Bodies, Government Agencies, And Other Organizations 88
Table 8 North America: List Of Regulatory Bodies, Government Agencies, And Other Organizations 88
Table 9 Europe: List Of Regulatory Bodies, Government Agencies, And Other Organizations 89
Table 10 Asia Pacific: List Of Regulatory Bodies, Government Agencies, And Other Organizations 90
Table 11 Rest Of The World: List Of Regulatory Bodies, Government Agencies, And Other Organizations 90
5.12.2 Regulatory Standards 91
5.12.2.1 Nist Special Publication 800-53 91
5.12.2.2 Critical Infrastructure Protection Standards By Nerc 91
5.12.2.3 Iso/Iec 24775 91
5.12.2.4 Iso 14001:2015 91
5.12.2.5 Import–Export Laws 91
5.12.3 Government Regulations 92
5.12.3.1 Us 92
5.12.3.2 Europe 92
5.12.3.3 China 92
5.12.3.4 Japan 92
5.13 Key Stakeholders And Buying Criteria 93
5.13.1 Key Stakeholders In Buying Process 93
Figure 34 Influence Of Stakeholders On Buying Process For Top 3 End Users 93
Table 12 Influence Of Stakeholders On Buying Process For Top 3 End Users (%) 93
5.13.2 Buying Criteria 94
Figure 35 Key Buying Criteria For Top 3 End Users 94
Table 13 Key Buying Criteria For Top 3 End Users 94
5.14 Pricing Analysis 95
Figure 36 Asp Of Solid-State Drives Offered By Major Market Players To Top 3 End Users 95
Table 14 Asp Of Solid-State Drives Offered By Key Market Players To Top 3 End Users 95
Figure 37 Asp Of Hard Disk Drives Offered By Major Market Players To Top 3 End Users 96
Table 15 Asp Of Hard Disk Drives Offered By Key Market Players To Top 3 End Users 96
Figure 38 Asp Of Tape Storage Solutions Offered By Major Market Players To Top 3 End Users 97
Table 16 Asp Of Tape Storage Solutions Offered By Key Market Players To Top 3 End Users 97
5.15 Key Conferences And Events, 2022–2023 98
Table 17 Next-Generation Data Storage Market: Detailed List Of Conferences And Events 98

6 Next-Generation Data Storage Market, By Storage System 100
6.1 Introduction 101
Figure 39 Network-Attached Next-Generation Data Storage Systems To Dominate Market During Forecast Period 101
Table 18 Next-Generation Data Storage Market, By Storage System, 2018–2022 (Usd Million) 101
Table 19 Next-Generation Data Storage Market, By Storage System, 2023–2028 (Usd Million) 101
6.2 Direct-Attached Storage 102
6.2.1 Practical And Cost-Efficient Solution That Meets On-Premises Storage Requirements 102
Table 20 Direct-Attached Storage: Next-Generation Data Storage Market, By End User 2018–2022 (Usd Million) 103
Table 21 Direct-Attached Storage: Next-Generation Data Storage Market, By End User 2023–2028 (Usd Million) 103
Table 22 Direct-Attached Storage: Next-Generation Data Storage Market For Enterprises, By Vertical, 2018–2022 (Usd Million) 103
Table 23 Direct-Attached Storage: Next-Generation Data Storage Market For Enterprises, By Vertical, 2023–2028 (Usd Million) 104
6.3 Network-Attached Storage 104
6.3.1 Perfect Choice For Smes 104
Table 24 Network-Attached Storage: Next-Generation Data Storage Market, By End User, 2018–2022 (Usd Million) 105
Table 25 Network-Attached Storage: Next-Generation Data Storage Market, By End User, 2023–2028 (Usd Million) 105
Table 26 Network-Attached Storage: Next-Generation Data Storage Market For Enterprises, By Vertical, 2018–2022 (Usd Million) 105
Table 27 Network-Attached Storage: Next-Generation Data Storage Market For Enterprises, By Vertical, 2023–2028 (Usd Million) 106
6.4 Storage Area Network 106
6.4.1 Suitable For Cloud Service Providers 106
Table 28 Storage Area Network: Next-Generation Data Storage Market, By End User, 2018–2022 (Usd Million) 107
Table 29 Storage Area Network: Next-Generation Data Storage Market, By End User, 2023–2028 (Usd Million) 107
Table 30 Storage Area Network: Next-Generation Data Storage Market For Enterprises, By Vertical, 2018–2022 (Usd Million) 107
Table 31 Storage Area Network: Next-Generation Data Storage Market For Enterprises, By Vertical, 2023–2028 (Usd Million) 108

7 Next-Generation Data Storage Market, By Storage Medium 109
7.1 Introduction 110
Figure 40 Ssd Segment To Lead Next-Generation Data Storage Market Throughout Forecast Period 110
Table 32 Next-Generation Data Storage Market, By Storage Medium, 2018–2022 (Usd Million) 110
Table 33 Next-Generation Data Storage Market, By Storage Medium, 2023–2028 (Usd Million) 110
Table 34 Next-Generation Data Storage Market, By Storage Capacity, 2018–2022 (Exabyte) 111
Table 35 Next-Generation Data Storage Market, By Storage Capacity, 2023–2028 (Exabyte) 111
7.2 Hdd 111
7.2.1 Growing Need For Affordable And High-Capacity Storage Systems For On-Premises Deployment Type To Stimulate Market Growth 111
7.3 Sdd 112
7.3.1 Integration Of Nand Flash Memory Chips Into Solid-State Drives To Accelerate Market Growth 112
7.4 Tape 112
7.4.1 Lowest Cost And Simplest Method To Achieve Ransomware Recovery To Contribute To Segmental Growth 112

8 Next-Generation Data Storage Market, By Storage Architecture 113
8.1 Introduction 114
Figure 41 File- & Object-Based Storage Segment To Dominate Next-Generation Data Storage Market During Forecast Period 114
Table 36 Next-Generation Data Storage Market, By Storage Architecture, 2018–2022 (Usd Million) 114
Table 37 Next-Generation Data Storage Market, By Storage Architecture, 2023–2028 (Usd Million) 114
Table 38 Next-Generation Data Storage Market For File- & Object-Based Storage, 2018–2022 (Usd Million) 115
Table 39 Next-Generation Data Storage Market For File- & Object-Based Storage, 2023–2028 (Usd Million) 115
8.2 File- & Object-Based Storage 116
8.2.1 File Storage 116
8.2.1.1 Development Of Unified, Scalable Clustered File Storage Systems By New And Established Vendors To Propel Growth 116
8.2.2 Object Storage 116
8.2.2.1 Scalability And Shared Tenancy Features To Accelerate Demand By Cloud Storage Providers 116
8.3 Block Storage 117
8.3.1 Need To Control Server-Based Operating Systems And Format Each Block According To Applications To Boost Demand 117

9 Next-Generation Data Storage Market, By End User 118
9.1 Introduction 119
Figure 42 Cloud Service Providers Segment To Witness Highest Cagr In Next-Generation Data Storage Market During Forecast Period 119
Table 40 Next-Generation Data Storage Market, By End User, 2018–2022 (Usd Million) 119
Table 41 Next-Generation Data Storage Market, By End User, 2023–2028 (Usd Million) 119
9.2 Enterprises 121
Figure 43 Bfsi Segment To Dominate Next-Generation Data Storage Market For Enterprises During Forecast Period 121
Table 42 Enterprises: Next-Generation Data Storage Market, By Vertical, 2018–2022 (Usd Million) 121
Table 43 Enterprises: Next-Generation Data Storage Market, By Vertical, 2023–2028 (Usd Million) 122
Table 44 Enterprises: Next-Generation Data Storage Market, By Storage System, 2018–2022 (Usd Million) 123
Table 45 Enterprises: Next-Generation Data Storage Market, By Storage System, 2023–2028 (Usd Million) 123
Table 46 Enterprises: Next-Generation Data Storage Market, By Region, 2018–2022 (Usd Million) 123
Table 47 Enterprises: Next-Generation Data Storage Market, By Region, 2023–2028 (Usd Million) 124
9.2.1 Banking, Financial Services, And Insurance (Bfsi) 124
9.2.1.1 Installation Of Next-Generation Data Storage Solutions To Improve Operational Efficiency And Profitability 124
Table 48 Bfsi: Next-Generation Data Storage Market, By Storage System, 2018–2022 (Usd Million) 125
Table 49 Bfsi: Next-Generation Data Storage Market, By Storage System, 2023–2028 (Usd Million) 125
Table 50 Bfsi: Next-Generation Data Storage Market, By Region, 2018–2022 (Usd Million) 125
Table 51 Bfsi: Next-Generation Data Storage Market, By Region, 2023–2028 (Usd Million) 126
9.2.2 Manufacturing 126
9.2.2.1 Strong Need For Effective Utilization Of Historical Data To Boost Demand For Next-Generation Data Storage Solutions 126
Table 52 Manufacturing: Next-Generation Data Storage Market, By Storage System, 2018–2022 (Usd Million) 127
Table 53 Manufacturing: Next-Generation Data Storage Market, By Storage System, 2023–2028 (Usd Million) 127
Table 54 Manufacturing: Next-Generation Data Storage Market, By Region, 2018–2022 (Usd Million) 127
Table 55 Manufacturing: Next-Generation Data Storage Market, By Region, 2023–2028 (Usd Million) 128
9.2.3 Consumer Goods & Retail 128
9.2.3.1 Rising Demand For Nas Solutions For Retail And E-Commerce Applications To Accelerate Market Growth 128
Table 56 Consumer Goods & Retail: Next-Generation Data Storage Market, By Storage System, 2018–2022 (Usd Million) 129
Table 57 Consumer Goods & Retail: Next-Generation Data Storage Market, By Storage System, 2023–2028 (Usd Million) 129
Table 58 Consumer Goods & Retail: Next-Generation Data Storage Market, By Region, 2018–2022 (Usd Million) 129
Table 59 Consumer Goods & Retail: Next-Generation Data Storage Market, By Region, 2023–2028 (Usd Million) 130
9.2.4 Healthcare & Life Sciences 130
9.2.4.1 Distant Data Sharing And Advanced Medical Research And Telemedicine Requirements To Accelerate Demand 130
Table 60 Healthcare & Life Sciences: Next-Generation Data Storage Market, By Storage System, 2018–2022 (Usd Million) 131
Table 61 Healthcare & Life Sciences: Next-Generation Data Storage Market, By Storage System, 2023–2028 (Usd Million) 131
Table 62 Healthcare & Life Sciences: Next-Generation Data Storage Market, By Region, 2018–2022 (Usd Million) 131
Table 63 Healthcare & Life Sciences: Next-Generation Data Storage Market, By Region, 2023–2028 (Usd Million) 132
9.2.5 Media & Entertainment 132
9.2.5.1 Rapid Development Of Media & Entertainment Apps To Increase Requirement For Next-Generation Data Storage Systems 132
Table 64 Media & Entertainment: Next-Generation Data Storage Market, By Storage System, 2018–2022 (Usd Million) 133
Table 65 Media & Entertainment: Next-Generation Data Storage Market, By Storage System, 2023–2028 (Usd Million) 133
Table 66 Media & Entertainment: Next-Generation Data Storage Market, By Region, 2018–2022 (Usd Million) 133
Table 67 Media & Entertainment: Next-Generation Data Storage Market, By Region, 2023–2028 (Usd Million) 134
9.2.6 Others 134
9.2.6.1 Energy & Power 134
9.2.6.1.1 High-Speed Data Transfer Requirement To Drive Market 134
9.2.6.2 Education & Research 135
9.2.6.2.1 Increasing Requirement For Easy And Secure Access To Research Documents, Presentations, And Project Files From Multiple Locations To Surge Demand 135
9.2.6.3 Business & Consulting 135
9.2.6.3.1 Surging Need To Protect Data From Unauthorized Entities To Boost Demand 135
9.2.6.4 Transportation & Logistics 136
9.2.6.4.1 Increasing Deployment Of Digital Systems To Track Inventory And Assets To Stimulate Market Growth 136
Table 68 Others: Next-Generation Data Storage Market, By Storage System, 2018–2022 (Usd Million) 136
Table 69 Others: Next-Generation Data Storage Market, By Storage System, 2023–2028 (Usd Million) 136
Table 70 Others: Next-Generation Data Storage Market, By Region, 2018–2022 (Usd Million) 136
Table 71 Others: Next-Generation Data Storage Market, By Region, 2023–2028 (Usd Million) 137
9.3 Government Bodies 137
9.3.1 Trend Of Digitalization In Data Analytics To Spur Demand For Next-Generation Data Storage Systems 137
Table 72 Government Bodies: Next-Generation Data Storage Market, By Storage System, 2018–2022 (Usd Million) 138
Table 73 Government Bodies: Next-Generation Data Storage Market, By Storage System, 2023–2028 (Usd Million) 138
Table 74 Government Bodies: Next-Generation Data Storage Market, By Region, 2018–2022 (Usd Million) 139
Table 75 Government Bodies: Next-Generation Data Storage Market, By Region, 2023–2028 (Usd Million) 139
9.4 Cloud Service Providers 139
9.4.1 Adoption Of Cloud Storage Solutions To Scale Up Or Down Storage Capacity To Drive Growth 139
Table 76 Cloud Service Providers: Next-Generation Data Storage Market, By Type, 2018–2022 (Usd Million) 140
Table 77 Cloud Service Providers: Next-Generation Data Storage Market, By Type, 2023–2028 (Usd Million) 140
Table 78 Cloud Service Providers: Next-Generation Data Storage Market, By Storage System, 2018–2022 (Usd Million) 140
Table 79 Cloud Service Providers: Next-Generation Data Storage Market, By Storage System, 2023–2028 (Usd Million) 140
Table 80 Cloud Service Providers: Next-Generation Data Storage Market, By Region, 2018–2022 (Usd Million) 141
Table 81 Cloud Service Providers: Next-Generation Data Storage Market, By Region, 2023–2028 (Usd Million) 141
9.5 Telecom Companies 141
9.5.1 Data Science And Big Data Analytics To Create Emerging Opportunities For Providers Of Next-Generation Data Storage Systems For Telecom Sector 141
Table 82 Telecom Companies: Next-Generation Data Storage Market, By Storage System, 2018–2022 (Usd Million) 142
Table 83 Telecom Companies: Next-Generation Data Storage Market, By Storage System, 2023–2028 (Usd Million) 142
Table 84 Telecom Companies: Next-Generation Data Storage Market, By Region, 2018–2022 (Usd Million) 142
Table 85 Telecom Companies: Next-Generation Data Storage Market, By Region, 2023–2028 (Usd Million) 143

10 Next-Generation Data Storage Market, By Deployment Type 144
10.1 Introduction 145
Figure 44 Hybrid Segment To Register Highest Cagr In Next-Generation Data Storage Market From 2023 To 2028 145
Table 86 Next-Generation Data Storage Market, By Deployment Type, 2018–2022 (Usd Million) 145
Table 87 Next-Generation Data Storage Market, By Deployment Type, 2023–2028 (Usd Million) 146
10.2 On-Premises 146
10.2.1 Strong Focus On Data Security To Drive Demand For On-Premises Models 146
10.3 Cloud 147
10.3.1 Low Cost Of Ownership Associated With Cloud Storage To Boost Demand 147
10.4 Hybrid 147
10.4.1 High Agility And Scalability Features Of Hybrid Storage Solutions To Accelerate Segmental Growth 147

11 Next-Generation Data Storage Market, By Region 149
11.1 Introduction 150
Figure 45 India To Witness Highest Cagr In Global Next-Generation Data Storage Market During Forecast Period 150
Table 88 Next-Generation Data Storage Market, By Region, 2018–2022 (Usd Million) 151
Table 89 Next-Generation Data Storage Market, By Region, 2023–2028 (Usd Million) 151
11.2 North America 152
11.2.1 North America: Recession Impact 152
Figure 46 North America: Next-Generation Data Storage Market Snapshot 153
Table 90 North America: Next-Generation Data Storage Market, By End User, 2018–2022 (Usd Million) 153
Table 91 North America: Next-Generation Data Storage Market, By End User, 2023–2028 (Usd Million) 154
Table 92 North America: Next-Generation Data Storage Market, By Country, 2018–2022 (Usd Million) 154
Table 93 North America: Next-Generation Data Storage Market, By Country, 2023–2028 (Usd Million) 154
Table 94 North America: Next-Generation Data Storage Market For Enterprises, By Country, 2018–2022 (Usd Million) 154
Table 95 North America: Next-Generation Data Storage Market For Enterprises, By Country, 2023–2028 (Usd Million) 155
Table 96 North America: Next-Generation Data Storage Market For Bfsi, By Country, 2018–2022 (Usd Million) 155
Table 97 North America: Next-Generation Data Storage Market For Bfsi, By Country, 2023–2028 (Usd Million) 155
Table 98 North America: Next-Generation Data Storage Market For Manufacturing, By Country, 2018–2022 (Usd Million) 155
Table 99 North America: Next-Generation Data Storage Market For Manufacturing, By Country, 2023–2028 (Usd Million) 156
Table 100 North America: Next-Generation Data Storage Market For Consumer Goods & Retail, By Country, 2018–2022 (Usd Million) 156
Table 101 North America: Next-Generation Data Storage Market For Consumer Goods & Retail, By Country, 2023–2028 (Usd Million) 156
Table 102 North America: Next-Generation Data Storage Market For Healthcare & Life Sciences, By Country, 2018–2022 (Usd Million) 156
Table 103 North America: Next-Generation Data Storage Market For Healthcare & Life Sciences, By Country, 2023–2028 (Usd Million) 157
Table 104 North America: Next-Generation Data Storage Market For Media & Entertainment, By Country, 2018–2022 (Usd Million) 157
Table 105 North America: Next-Generation Data Storage Market For Media & Entertainment, By Country, 2023–2028 (Usd Million) 157
Table 106 North America: Next-Generation Data Storage Market For Others, By Country, 2018–2022 (Usd Million) 157
Table 107 North America: Next-Generation Data Storage Market For Others, By Country, 2023–2028 (Usd Million) 158
Table 108 North America: Next-Generation Data Storage Market For Government Bodies, By Country, 2018–2022 (Usd Million) 158
Table 109 North America: Next-Generation Data Storage Market For Government Bodies, By Country, 2023–2028 (Usd Million) 158
Table 110 North America: Next-Generation Data Storage Market For Cloud Service Providers, By Country, 2018–2022 (Usd Million) 158
Table 111 North America: Next-Generation Data Storage Market For Cloud Service Providers, By Country, 2023–2028 (Usd Million) 159
Table 112 North America: Next-Generation Data Storage Market For Telecom Companies, By Country, 2018–2022 (Usd Million) 159
Table 113 North America: Next-Generation Data Storage Market For Telecom Companies, By Country, 2023–2028 (Usd Million) 159
11.2.2 Us 159
11.2.2.1 Presence Of Leading Companies Offering Technologically Advanced Storage Solutions To Accelerate Market Growth 159
11.2.3 Canada 160
11.2.3.1 Increasing Investments In Data Center Infrastructure Development To Boost Demand For Next-Generation Data Storage Solutions 160
11.2.4 Mexico 161
11.2.4.1 Rising Investments By Global Business Leaders In Setting Up Industrial Plants In Mexico To Propel Growth 161
11.3 Europe 161
11.3.1 Europe: Recession Impact 162
Figure 47 Europe: Next-Generation Data Storage Market Snapshot 163
Table 114 Europe: Next-Generation Data Storage Market, By End User, 2018–2022 (Usd Million) 163
Table 115 Europe: Next-Generation Data Storage Market, By End User, 2023–2028 (Usd Million) 164
Table 116 Europe: Next-Generation Data Storage Market, By Country, 2018–2022 (Usd Million) 164
Table 117 Europe: Next-Generation Data Storage Market, By Country, 2023–2028 (Usd Million) 164
Table 118 Europe: Next-Generation Data Storage Market For Enterprises, By Country, 2018–2022 (Usd Million) 165
Table 119 Europe: Next-Generation Data Storage Market For Enterprises, By Country, 2023–2028 (Usd Million) 165
Table 120 Europe: Next-Generation Data Storage Market For Bfsi, By Country, 2018–2022 (Usd Million) 165
Table 121 Europe: Next-Generation Data Storage Market For Bfsi, By Country, 2023–2028 (Usd Million) 166
Table 122 Europe: Next-Generation Data Storage Market For Manufacturing, By Country, 2018–2022 (Usd Million) 166
Table 123 Europe: Next-Generation Data Storage Market For Manufacturing, By Country, 2023–2028 (Usd Million) 166
Table 124 Europe: Next-Generation Data Storage Market For Consumer Goods & Retail, By Country, 2018–2022 (Usd Million) 167
Table 125 Europe: Next-Generation Data Storage Market For Consumer Goods & Retail, By Country, 2023–2028 (Usd Million) 167
Table 126 Europe: Next-Generation Data Storage Market For Healthcare & Life Sciences, By Country, 2018–2022 (Usd Million) 167
Table 127 Europe: Next-Generation Data Storage Market For Healthcare & Life Sciences, By Country, 2023–2028 (Usd Million) 168
Table 128 Europe: Next-Generation Data Storage Market For Media & Entertainment, By Country, 2018–2022 (Usd Million) 168
Table 129 Europe: Next-Generation Data Storage Market For Media & Entertainment, By Country, 2023–2028 (Usd Million) 168
Table 130 Europe: Next-Generation Data Storage Market For Others, By Country, 2018–2022 (Usd Million) 169
Table 131 Europe: Next-Generation Data Storage Market For Others, By Country, 2023–2028 (Usd Million) 169
Table 132 Europe: Next-Generation Data Storage Market For Government Bodies, By Country, 2018–2022 (Usd Million) 169
Table 133 Europe: Next-Generation Data Storage Market For Government Bodies, By Country, 2023–2028 (Usd Million) 170
Table 134 Europe: Next-Generation Data Storage Market For Cloud Service Providers, By Country, 2018–2022 (Usd Million) 170
Table 135 Europe: Next-Generation Data Storage Market For Cloud Service Providers, By Country, 2023–2028 (Usd Million) 170
Table 136 Europe: Next-Generation Data Storage Market For Telecom Companies, By Country, 2018–2022 (Usd Million) 171
Table 137 Europe: Next-Generation Data Storage Market For Telecom Companies, By Country, 2023–2028 (Usd Million) 171
11.3.2 Uk 171
11.3.2.1 High Demand For Hybrid Storage Solutions In Bfsi, Retail, And Telecommunications Vertical To Drive Market 171
11.3.3 Germany 172
11.3.3.1 Adoption Of Connected Cars, Industrial Robotics, Industry 4.0, And 5g Technologies To Boost Demand For Next-Generation Data Storage Solutions 172
11.3.4 France 173
11.3.4.1 Booming Healthcare Sector To Drive Growth 173
11.3.5 Rest Of Europe 173
11.4 Asia Pacific 174
11.4.1 Asia Pacific: Recession Impact 174
Figure 48 Asia Pacific: Next-Generation Data Storage Market Snapshot 175
Table 138 Asia Pacific: Next-Generation Data Storage Market, By End User, 2018–2022 (Usd Million) 176
Table 139 Asia Pacific: Next-Generation Data Storage Market, By End User, 2023–2028 (Usd Million) 176
Table 140 Asia Pacific: Next-Generation Data Storage Market, By Country, 2018–2022 (Usd Million) 176
Table 141 Asia Pacific: Next-Generation Data Storage Market, By Country, 2023–2028 (Usd Million) 177
Table 142 Asia Pacific: Next-Generation Data Storage Market For Enterprises, By Country, 2018–2022 (Usd Million) 177
Table 143 Asia Pacific: Next-Generation Data Storage Market For Enterprises, By Country, 2023–2028 (Usd Million) 177
Table 144 Asia Pacific: Next-Generation Data Storage Market For Bfsi, By Country, 2018–2022 (Usd Million) 178
Table 145 Asia Pacific: Next-Generation Data Storage Market For Bfsi, By Country, 2023–2028 (Usd Million) 178
Table 146 Asia Pacific: Next-Generation Data Storage Market For Manufacturing, By Country, 2018–2022 (Usd Million) 178
Table 147 Asia Pacific: Next-Generation Data Storage Market For Manufacturing, By Country, 2023–2028 (Usd Million) 179
Table 148 Asia Pacific: Next-Generation Data Storage Market For Consumer Goods & Retail, By Country, 2018–2022 (Usd Million) 179
Table 149 Asia Pacific: Next-Generation Data Storage Market For Consumer Goods & Retail, By Country, 2023–2028 (Usd Million) 179
Table 150 Asia Pacific: Next-Generation Data Storage Market For Healthcare & Life Sciences, By Country, 2018–2022 (Usd Million) 180
Table 151 Asia Pacific: Next-Generation Data Storage Market For Healthcare & Life Sciences, By Country, 2023–2028 (Usd Million) 180
Table 152 Asia Pacific: Next-Generation Data Storage Market For Media & Entertainment, By Country, 2018–2022 (Usd Million) 180
Table 153 Asia Pacific: Next-Generation Data Storage Market For Media & Entertainment, By Country, 2023–2028 (Usd Million) 181
Table 154 Asia Pacific: Next-Generation Data Storage Market For Others, By Country, 2018–2022 (Usd Million) 181
Table 155 Asia Pacific: Next-Generation Data Storage Market For Others, By Country, 2023–2028 (Usd Million) 181
Table 156 Asia Pacific: Next-Generation Data Storage Market For Government Bodies, By Country, 2018–2022 (Usd Million) 182
Table 157 Asia Pacific: Next-Generation Data Storage Market For Government Bodies, By Country, 2023–2028 (Usd Million) 182
Table 158 Asia Pacific: Next-Generation Data Storage Market For Cloud Service Providers, By Country, 2018–2022 (Usd Million) 182
Table 159 Asia Pacific: Next-Generation Data Storage Market For Cloud Service Providers, By Country, 2023–2028 (Usd Million) 183
Table 160 Asia Pacific: Next-Generation Data Storage Market For Telecom Companies, By Country, 2018–2022 (Usd Million) 183
Table 161 Asia Pacific: Next-Generation Data Storage Market For Telecom Companies, By Country, 2023–2028 (Usd Million) 183
11.4.2 China 184
11.4.2.1 China To Hold Largest Share Of Next-Generation Data Storage Market In Asia Pacific Throughout Forecast Period 184
11.4.3 Japan 185
11.4.3.1 Thriving Automotive And Manufacturing Sectors To Drive Market 185
11.4.4 India 185
11.4.4.1 Adoption Of Big Data, Iot, And Other Digital And Virtualized Platforms In India To Accelerate Market Growth 185
11.4.5 South Korea 186
11.4.5.1 Growing Implementation Of Iot And Big Data Analytics To Boost Market 186
11.4.6 Rest Of Asia Pacific 187
11.5 Rest Of The World 187
11.5.1 Row: Recession Impact 188
Table 162 Row: Next-Generation Data Storage Market, By End User, 2018–2022 (Usd Million) 188
Table 163 Row: Next-Generation Data Storage Market, By End User, 2023–2028 (Usd Million) 188
Table 164 Row: Next-Generation Data Storage Market For Enterprises, By Region, 2018–2022 (Usd Million) 189
Table 165 Row: Next-Generation Data Storage Market For Enterprises, By Region, 2023–2028 (Usd Million) 189
Table 166 Row: Next-Generation Data Storage Market For Bfsi, By Region, 2018–2022 (Usd Million) 189
Table 167 Row: Next-Generation Data Storage Market For Bfsi, By Region, 2023–2028 (Usd Million) 189
Table 168 Row: Next-Generation Data Storage Market For Manufacturing, By Region, 2018–2022 (Usd Million) 190
Table 169 Row: Next-Generation Data Storage Market For Manufacturing, By Region, 2023–2028 (Usd Million) 190
Table 170 Row: Next-Generation Data Storage Market For Consumer Goods & Retail, By Region, 2018–2022 (Usd Million) 190
Table 171 Row: Next-Generation Data Storage Market For Consumer Goods & Retail, By Region, 2023–2028 (Usd Million) 190
Table 172 Row: Next-Generation Data Storage Market For Healthcare & Life Sciences, By Region, 2018–2022 (Usd Million) 191
Table 173 Row: Next-Generation Data Storage Market For Healthcare & Life Sciences, By Region, 2023–2028 (Usd Million) 191
Table 174 Row: Next-Generation Data Storage Market For Media & Entertainment, By Region, 2018–2022 (Usd Million) 191
Table 175 Row: Next-Generation Data Storage Market For Media & Entertainment, By Region, 2023–2028 (Usd Million) 191
Table 176 Row: Next-Generation Data Storage Market For Others, By Region, 2018–2022 (Usd Million) 192
Table 177 Row: Next-Generation Data Storage Market For Others, By Region, 2023–2028 (Usd Million) 192
Table 178 Row: Next-Generation Data Storage Market For Government Bodies, By Region, 2018–2022 (Usd Million) 192
Table 179 Row: Next-Generation Data Storage Market For Government Bodies, By Region, 2023–2028 (Usd Million) 192
Table 180 Row: Next-Generation Data Storage Market For Cloud Service Providers, By Region, 2018–2022 (Usd Million) 193
Table 181 Row: Next-Generation Data Storage Market For Cloud Service Providers, By Region, 2023–2028 (Usd Million) 193
Table 182 Row: Next-Generation Data Storage Market For Telecom Companies, By Region, 2018–2022 (Usd Million) 193
Table 183 Row: Next-Generation Data Storage Market For Telecom Companies, By Region, 2023–2028 (Usd Million) 193
11.5.2 Middle East & Africa 194
11.5.2.1 Increasing Investments By Governments In Healthcare Infrastructure Development To Stimulate Market Growth 194
11.5.3 South America 195
11.5.3.1 Increasing Number Of Data Centers To Boost Demand For Advanced Data Storage Systems 195

12 Competitive Landscape 196
12.1 Overview 196
12.1.1 Overview Of Key Strategies Adopted By Major Players In Next-Generation Data Storage Market 196
Table 184 Overview Of Key Strategies Adopted By Major Market Players 196
12.2 Revenue Analysis 198
Figure 49 Revenue Analysis Of Top 5 Companies From 2020 To 2022 198
12.3 Market Share Analysis (2022) 199
Table 185 Next-Generation Data Storage Market: Degree Of Competition 199
12.4 Company Evaluation Matrix 201
12.4.1 Stars 201
12.4.2 Emerging Leaders 201
12.4.3 Pervasive Players 201
12.4.4 Participants 201
Figure 50 Next-Generation Data Storage Market (Global): Key Company Evaluation Matrix, 2022 202
12.5 Start-Ups/Smes Evaluation Matrix 203
12.5.1 Progressive Companies 203
12.5.2 Responsive Companies 203
12.5.3 Dynamic Companies 203
12.5.4 Starting Blocks 203
Figure 51 Next-Generation Data Storage Market: Start-Ups/Smes Evaluation Matrix, 2022 204
Table 186 Next-Generation Data Storage Market: Company Product Footprint 205
Table 187 Next-Generation Data Storage Market: Company Storage System Footprint 206
Table 188 Next-Generation Data Storage Market: Company End User Footprint 207
Table 189 Next-Generation Data Storage Market: Company Regional Footprint 208
12.6 Competitive Benchmarking 209
Table 190 Next-Generation Data Storage Market: Detailed List Of Key Start-Ups/Smes 209
Table 191 Next-Generation Data Storage Market: Competitive Benchmarking Of Key Start-Ups/Smes, By End User 210
Table 192 Next-Generation Data Storage Market: Competitive Benchmarking Of Key Start-Ups/Smes, By Region 210
Table 193 Next-Generation Data Storage Market: Competitive Benchmarking Of Key Start-Ups/Smes, By Storage System 211
12.7 Competitive Scenario And Trends 211
Table 194 Next-Generation Data Storage Market: Product Launches, March 2020–September 2022 211
Table 195 Next-Generation Data Storage Market: Deals, January 2020–November 2022 218

13 Company Profiles 226
(Business Overview, Products/Services/Solutions Offered, Recent Developments, Mnm View)*
13.1 Key Players 226
13.1.1 Dell Technologies Inc. 226
Table 196 Dell Technologies: Company Overview 226
Figure 52 Dell Technologies Inc.: Company Snapshot 227
13.1.2 Hewlett Packard Enterprise Company 234
Table 197 Hpe: Company Overview 234
Figure 53 Hpe: Company Snapshot 235
13.1.3 Netapp, Inc. 240
Table 198 Netapp, Inc.: Company Overview 240
Figure 54 Netapp, Inc.: Company Snapshot 241
13.1.4 Huawei Technologies Co., Ltd. 247
Table 199 Huawei Technologies Co., Ltd.: Company Overview 247
Figure 55 Huawei Technologies Co., Ltd.: Company Snapshot 248
13.1.5 Pure Storage, Inc. 254
Table 200 Pure Storage, Inc.: Company Overview 254
Figure 56 Pure Storage, Inc.: Company Snapshot 255
13.1.6 Hitachi, Ltd. 262
Table 201 Hitachi, Ltd.: Company Overview 262
Figure 57 Hitachi, Ltd.: Company Snapshot 263
13.1.7 Fujitsu Ltd. 267
Table 202 Fujitsu Ltd: Company Overview 267
Figure 58 Fujitsu Ltd.: Company Snapshot 268
13.1.8 Ibm Corp. 271
Table 203 Ibm Corp.: Company Overview 271
Figure 59 Ibm Corp.: Company Snapshot 272
13.1.9 Datadirect Networks 276
Table 204 Ddn: Company Overview 276
13.1.10 Micron Technology, Inc. 279
Table 205 Micron Technology, Inc.: Company Overview 279
Figure 60 Micron Technology, Inc.: Company Snapshot 280
13.2 Other Players 283
13.2.1 Cloudian 283
13.2.2 Drobo, Inc. 284
13.2.3 Quantum Corp. 285
13.2.4 Western Digital Corp. 286
13.2.5 Samsung Electronics Co., Ltd. 287
13.2.6 Nutanix 288
13.2.7 Seagate Technology Llc 289
13.2.8 Scality 290
13.2.9 Netgear, Inc. 291
13.2.10 Inspur Group 292
13.2.11 Sk Hynix 293
13.2.12 Lucidlink 293
13.2.13 Datacore 294
13.2.14 Kioxia Holdings Corp. 295
13.2.15 Infinidat 296
*Details On Business Overview, Products/Services/Solutions Offered, Recent Developments, Mnm Viewmight Not Be Captured In Case Of Unlisted Companies.

14 Appendix 297
14.1 Discussion Guide 297
14.2 Knowledgestore: Marketsandmarkets’ Subscription Portal 299
14.3 Customization Options 301
14.4 Related Reports 301
14.5 Author Details 302

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