Next Generation Storage Devices Market, By Storage Technology (Cloud-based, Magnetic, Hybrid Array,

Published Date: | Report Code : IT1950264


The next generation storage devices market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as IT& telecommunication, retail & healthcare during the forecast period. 

There has been a switch from analog to digital technology in recent times. This has led to large amounts of data being generated. Due to huge file sizes and increasing amounts of data, IT companies are facing the problem of data management. Thus, next-generation storage devices are being used.

Next generation storage devices offer a fast and cost-effective solution to managing data.

Segment Analysis: 

Based on storage technology, the next generation storage devices market has been segmented into cloud-based, magnetic, hybrid array, and solid-state. There has been tremendous growth in cloud-based technology, as data is stored on the Internet and is easily accessible whenever needed.

Based on system, the market has been segmented into a storage area network, cloud storage, direct-attached storage, network-attached storage, and unified storage. Among these, the cloud storage system is gaining popularity, as it eliminates the need for portability of data, which makes it easier to access from anywhere.

The next generation storage devices market is witnessing significant growth, as there has been a tremendous demand for better storage devices that are secure and reliable. 

Key Factors Impacting Market Growth:

  • Faster and more reliable as compared to conventional devices
  • Highly secure
  • Ease of data accessibility

Key Developments:

  • In November 2018, HP Enterprise announced various innovations across their intelligent storage solutions to help customers unlock the full potential of their data, drive actionable insights into new revenue streams, and deliver impact to their businesses.
  • In October 2018, IBM launched its third generation 7000 series to upgrade its StorWize Array and also launched a metadata management software called Spectrum Discover.

Regional Analysis:

By region, the next generation storage devices market is estimated to be dominated by North America, Western Europe, and Asia Pacific during the forecast period. With technological advancements and a cluster of global companies operating in these regions, these regions hold the key to the growth and development of the next generation storage devices market during the forecast period. Most of the leading companies have operations in these regions to cater to the potential end-users in the respective region. The North America next generation storage devices market is further segmented by the US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe.  

Asia Pacific region is segmented by China, Japan, South Korea, India, and Australia. Middle East and Eastern Europe are estimated to be potential markets with growing demand during the forecast period. Major countries in these regions include Russia, UAE, Saudi Arabia, Israel, and others.

Companies Covered: 

NetApp, Inc., Hewlett Packard Enterprise Company, Dell Inc., Hitachi, Ltd., International Business Machines Corporation, Toshiba Corporation, Pure Storage, Inc., Nutanix, Inc., Micron Technology, Inc., Tintri, Inc., Cloudian, Inc., Drobo, Inc., Quantum Corporation, Western Digital Corporation, Samsung Electronics, Fujitsu Ltd., VMware, Inc., and Nexenta Systems Inc.

Market Segmentation:

By Storage Technology:

  • Cloud-based
  • Magnetic
  • Hybrid Array
  • Solid State

By Storage System:

  • Storage Area Network
  • Cloud Storage
  • Direct Attached Storage
  • Network Attached Storage
  • Unified Storage

By End User:

  • IT & Telecommunication
  • BFSI
  • Retail
  • Healthcare
  • Government
  • Education
  • Media & Entertainment
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Storage Technology
    • By Storage System
    • By End User
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Storage Technology
    • By Storage System
    • By End User
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Storage Technology
    • By Storage System
    • By End User
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Storage Technology
    • By Storage System
    • By End User
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Storage Technology
    • By Storage System
    • By End User
  • Rest of the World
    • By Region (South America, Africa)
    • By Storage Technology
    • By Storage System
    • By End User

Reasons to Buy This Report:

  • Market size estimation of the global next generation storage devices market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market


We provide customization of the study to meet specific requirements:

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  • By Sub-segment
  • By Region/Country

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