Apr 22, 2021 (AmericaNewsHour) -- Kenneth Research recently added a report on 'Next Generation Data Storage Market’ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Next Generation Data Storage Market, along with the compound growth rate (CAGR) of the market for a projected period between 2021 2025. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter's five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
The Next Generation Data Storage Market in North America is anticipated to grow significantly owing to the presence of several key players in the region, along with the increasing need of the organizations in the nation to run on a strong ICT infrastructure.
Global Next Generation Data Storage Market Analysis
According to Verified Market Research, the global Next Generation Data Storage Market was valued at USD 65.85 Billion in 2017 and is projected to reach USD 223.04 Billion by 2025, growing at a CAGR of 16.5% from 2018 to 2025.
What is Next Generation Data Storage?
Next generation data storage technology comprises of all the technologically advanced data storage products and solutions that are used to deal with increasing file sizes and huge amount of unstructured data. This storage technology helps in managing large data securely and also enables reliable, secure and fast recovery of data in a cost-efficient manner. Next generation data storage technology has allowed scalable storage and handling of large data generated by big enterprises. Rising need for improved data storage and management across various industry verticals have stimulated the growth of next generation data storage market.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Global Next Generation Data Storage Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Growing volume of digital data, rising proliferation of smart devices and growing iot market have been driving the global next generation data storage market. On the other hand, Lacking Data Security in Cloud & Server-Based Services and less Structured Data might hamper the overall market at a global level.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The " Global Next Generation Data Storage Market " is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Next Generation Data Storage Market Competitive Landscape
The "Global Next Generation Data Storage Market" study report will provide a valuable insight with an emphasis on global market including some of the major players such as Dell Inc., Avago Technologies, EMC Corporation, Hewlett-Packard Development Company, L.P., HGST, Inc., Hitachi Data Systems, IBM Corporation, NetApp, Inc., Avago Technologies, Drobo, Inc. and Micron Technology Corporation.. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Next Generation Data Storage Market Segmentation, by Storage System
? Direct-Attached Storage
? Network-Attached storage
? Cloud Storage
? Unified Storage
? Storage Area Network
? Software-Defined Storage
Global Next Generation Data Storage Market Segmentation, by Storage Architecture
? File- and Object-based Storage
o File storage
o Object storage
? Block Storage
Global Next Generation Data Storage Market Segmentation, by Application? Magnetic Storage
o Hard disk
o Magnetic tape
? Solid-State Storage
o All-flash arrays
o Hybrid flash arrays
Global Next Generation Data Storage Market Segmentation, by End user? BFSI
? Consumer Goods & Retail
? Telecommunications & ITES
? Business & Consulting
Global Next Generation Data Storage Market Geographic Scope? North America
o Rest of Europe
? Asia Pacific
o Rest of Asia Pacific
? Latin America
? Rest of the World
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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products' demand, growth and opportunities for new and existing players.
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