Global Next-Generation Data Storage Market Size Study, By Storage System, By Storage Technique, By Storage Type, By End-use, and Regional Forecasts 2022-2032

Description

The Global Next-Generation Data Storage Market is valued at USD 61.1 billion in 2023 and is projected to expand with a robust CAGR of 6.7% from 2024 to 2032, reaching a valuation of USD 109.53 billion by the end of the forecast period. This surge is predominantly driven by the escalating penetration of IoT across critical sectors such as retail, healthcare, and manufacturing, paired with the mounting reliance on cloud computing solutions. The digitization of data across residential and commercial spaces is further bolstered by the widespread adoption of advanced digital devices, including smartphones, tablets, and laptops, significantly propelling market growth.

The relentless generation of digital data within industries like BFSI, retail, and healthcare necessitates scalable and flexible storage solutions. Market participants are leaning heavily into cloud storage technologies for enhanced scalability and cost-effectiveness. The integration of Big Data analytics with cloud storage solutions is reshaping the landscape, facilitating real-time insights and superior customer experiences. Innovative technologies like crystal etching are being deployed to optimize data management.

Despite the high adoption costs in regions with limited economic bandwidth, such as APAC and MEA, the transformative potential of next-generation data storage, particularly in enabling advanced analytics and supporting complex IT infrastructures, is expected to unlock significant opportunities for growth. Rising investments in R&D and the adoption of hybrid storage solutions to address data security and performance demands are pivotal in driving this growth trajectory.

Key geographic markets such as North America, Europe, and Asia Pacific exhibit dynamic growth patterns. North America leads with robust infrastructure and regulatory support, while Asia Pacific is set to record the fastest CAGR, driven by burgeoning IT infrastructure and digital transformation initiatives.

Major market players included in this report are:

Hewlett Packard Enterprise Company
Dell Inc.
NetApp, Inc.
Hitachi, Ltd.
International Business Machines Corporation
Micron Technology, Inc.
Netgear Inc.
Inspur
Western Digital Technologies, Inc.
Kingston Technology Corporation
Toshiba Corporation
Fujitsu Limited
Pure Storage, Inc.
Cohesity
Rubrik

The detailed segments and sub-segments of the market are explained below:

By Storage Technique

Magnetic Storage
SSD
Hybrid Flash Array

By Storage System

Direct-Attached Storage
Network-Attached Storage
Storage Area Network
Others

By Storage Type

Local (on-premises)
Remote (cloud)
Hybrid

By End-use

Home
Business
- BFSI
- Retail
- Healthcare
- Government Bodies
- Telecom Companies
- Cloud Service Providers
- Others

By Region:

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
Asia Pacific
- China
- Japan
- India
- Singapore
- South Korea
Latin America
- Brazil
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
Years Considered for the Study
Historical Year: 2022
Base Year: 2023
Forecast Period: 2024-2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Next-Generation Data Storage Market Executive Summary

1.1. Global Next-Generation Data Storage Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Storage System
- 1.3.2. By Storage Technique
- 1.3.3. By Storage Type
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Next-Generation Data Storage Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Next-Generation Data Storage Market Dynamics

3.1. Market Drivers
- 3.1.1. IoT Penetration in Key Sectors
- 3.1.2. Shift Towards Cloud Computing
- 3.1.3. Expansion of Digital Data Generation
3.2. Market Challenges
- 3.2.1. High Adoption Costs in Developing Economies
- 3.2.2. Limited Awareness of Advanced Storage Solutions
3.3. Market Opportunities
- 3.3.1. Integration of AI and Big Data in Storage
- 3.3.2. Growth in Hybrid Storage Adoption
- 3.3.3. Investments in R&D for Enhanced Technologies

Chapter 4. Global Next-Generation Data Storage Market Industry Analysis

4.1. Porter's Five Forces Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Next-Generation Data Storage Market Size & Forecasts by Storage System (2022-2032)

5.1. Segment Dashboard
5.2. Global Next-Generation Data Storage Market: Storage System Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Direct-Attached Storage
- 5.2.2. Network-Attached Storage
- 5.2.3. Storage Area Network
- 5.2.4. Others

Chapter 6. Global Next-Generation Data Storage Market Size & Forecasts by Storage Technique (2022-2032)

6.1. Segment Dashboard
6.2. Global Next-Generation Data Storage Market: Storage Technique Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Magnetic Storage
- 6.2.2. SSD
- 6.2.3. Hybrid Flash Array

Chapter 7. Global Next-Generation Data Storage Market Size & Forecasts by Storage Type (2022-2032)

7.1. Segment Dashboard
7.2. Global Next-Generation Data Storage Market: Storage Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Local (On-premises)
- 7.2.2. Remote (Cloud)
- 7.2.3. Hybrid

Chapter 8. Global Next-Generation Data Storage Market Size & Forecasts by End-Use (2022-2032)

8.1. Segment Dashboard
8.2. Global Next-Generation Data Storage Market: End-Use Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. Home
- 8.2.2. Business
  - 8.2.2.1. BFSI
  - 8.2.2.2. Retail
  - 8.2.2.3. Healthcare
  - 8.2.2.4. Government Bodies
  - 8.2.2.5. Telecom Companies
  - 8.2.2.6. Cloud Service Providers
  - 8.2.2.7. Others

Chapter 9. Global Next-Generation Data Storage Market Size & Forecasts by Region (2022-2032)

9.1. North America Next-Generation Data Storage Market
- 9.1.1. U.S. Next-Generation Data Storage Market
  - 9.1.1.1. Storage System Breakdown Size & Forecasts, 2022-2032
  - 9.1.1.2. Storage Type Breakdown Size & Forecasts, 2022-2032
- 9.1.2. Canada Next-Generation Data Storage Market
- 9.1.3. Mexico Next-Generation Data Storage Market
9.2. Europe Next-Generation Data Storage Market
- 9.2.1. UK Next-Generation Data Storage Market
- 9.2.2. Germany Next-Generation Data Storage Market
- 9.2.3. France Next-Generation Data Storage Market
- 9.2.4. Rest of Europe Next-Generation Data Storage Market
9.3. Asia Pacific Next-Generation Data Storage Market
- 9.3.1. China Next-Generation Data Storage Market
- 9.3.2. Japan Next-Generation Data Storage Market
- 9.3.3. India Next-Generation Data Storage Market
- 9.3.4. Singapore Next-Generation Data Storage Market
- 9.3.5. South Korea Next-Generation Data Storage Market
- 9.3.6. Rest of Asia Pacific Next-Generation Data Storage Market
9.4. Latin America Next-Generation Data Storage Market
- 9.4.1. Brazil Next-Generation Data Storage Market
- 9.4.2. Rest of Latin America Next-Generation Data Storage Market
9.5. Middle East & Africa Next-Generation Data Storage Market
- 9.5.1. Saudi Arabia Next-Generation Data Storage Market
- 9.5.2. UAE Next-Generation Data Storage Market
- 9.5.3. South Africa Next-Generation Data Storage Market
- 9.5.4. Rest of Middle East & Africa Next-Generation Data Storage Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Hewlett Packard Enterprise Company
- 10.1.2. Dell Inc.
- 10.1.3. NetApp, Inc.
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Hewlett Packard Enterprise Company
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financials (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. Dell Inc.
- 10.3.3. NetApp, Inc.

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes