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Next-generation Data Storage Market Share

Report ID: GMI5677
Published Date: May 2023
Report Format: PDF

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Next-generation Data Storage Market Share

Some of the major players operating in the next-generation data storage market are:

IBM Corporation
Dell Technologies
Hewlett Packard Enterprise Development LP
Hitachi Ltd
Huawei Technologies Co., Ltd
NetApp
Cloudian Inc
Fujitsu
Pure Storage Inc.
NetGear
Samsung
Western Digital Corporation, and Nutanix.

These players focus on strategic partnerships and new storage system launches for market expansion. Furthermore, these players are heavily investing in research to introduce innovative storage systems and garner maximum revenue in the market.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

Market size for next-generation data storage was over USD 57 billion in 2022 and is estimated to showcase over 10% CAGR from 2023-2032 driven by the rising number of internet users worldwide

Next-generation data storage industry size from the BFSI end-use segment may record over 12% CAGR from 2023-2032 propelled by the increasing popularity of mobile banking, digital wallets, and chatbot-supported customer assistance services.

Demand for on-premise next-generation data storage will observe over 8% CAGR from 2023-2032 owing to the surging need for lower costs and backup & recovery capabilities

North America held over 35% of the next-generation data storage market share in 2022 due to the rising deployment of advanced data-storage technologies in the region