Factors driving the growth of the next-generation storage technology market include the proliferation of input and output technologies across industries and the ever-increasing need to manage, analyze, and store large amounts of data.

JERSEY CITY, NJ, July 25, 2022 /PRNewswire/ — Verified Market Research recently released a report, ‘Next Generation Data Storage Market‘ By type (network attached storage (NAS), direct attached storage (DAS), by storage type (on-premises, remote (cloud) and hybrid), by end user (enterprise storage, consumer electronics, military and Aerospace) and by Geography According to Verified Market Research, the Next Generation Data Storage market size was valued at $58.40 billion in 2021 and is expected to reach $128.94 billion by 2030, growing at a CAGR of 8.2% from 2022 to 2030.

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Browse the table of contents in depth onNext Generation Data Storage Market

202 – Pages

126 – Tables

37 – Numbers

Global Next-Generation Data Storage Market Overview

Digitization of information in residential and commercial locations, followed by increasing use of mobile computing devices such as smartphones, laptops, and tablets is contributing significantly to the growth of the global market. Additionally, there is a huge increase in the volume of digital information across industry verticals such as healthcare, retail and BFSI, leading to the need for efficient next-generation data storage devices. . Additionally, the growth in global IoT penetration in industries such as retail, healthcare, and manufacturing, along with a significant increase in the adoption of cloud computing, is driving the global market.

Additionally, the increasing manufacturing of information from electronic input/output devices used in a variety of applications in an increasing number of industries is a major factor contributing to the growth of next-generation data storage in the world. global scale. Growing investments in R&D activities for the development of advanced technologies to meet consumer needs have positively anticipated the growth of the global next-generation data storage market.

Some challenges encountered will hamper the overall growth of the market. Factors such as shortage of skilled labor and absence of standards and protocols are restraining the growth of the market. In addition, a complex embedded system is a difficult task that limits growth.

Key developments

  • In June 2019, Dell EMC has announced its core storage overhaul, “Midrange.next”. Midrange.next is expected to replace Dell’s midrange lineup, which includes its Unity platform, Dell EMC SC series, and Dell EqualLogic products. The new building is expected to be a new state-of-the-art facility designed to enhance modern storage technology.
  • In June 2019, NetApp announced new solutions and services that enable customers to use and deploy the cloud on their own terms. With this announcement, NetApp brings a multi-cloud media experience that integrates the availability of NetApp cloud data services with NetApp HCI.

Key players

The major market players are 4ds Memory Limited, Adesto Technologies Corporation., Avalanche Technology, Cypress Semiconductor Corporation., Everspin Technologies Inc., Fujitsu, Ibm Corporation, Microchip Technology Inc., Nantero, Samsung.

Verified Market Research has segmented the global next-generation data storage market on the basis of type, storage type, end user, and geography.

  • Next Generation Data Storage Market, By Type
    • Network Attached Storage (NAS)
    • Direct Attached Storage (DAS)
    • Storage Area Network (SAN)
  • Next-generation data storage market, by storage type
    • On the site
    • Remote (Cloud)
    • Hybrid
  • Next Generation Data Storage Market, By End User
    • Enterprise storage
    • Consumer electronics
    • Military and aerospace
    • BFSI
    • Automotive and transportation
    • Telecommunications, energy and electricity
    • Health care
    • Agriculture
    • Detail
  • Next-generation data storage market, by geography
    • North America
    • Europe
      • Germany
      • France
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • LINE
      • Middle East & Africa
      • Latin America

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