{"id":67855,"date":"2020-09-08T23:30:00","date_gmt":"2020-09-08T23:30:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2725123"},"modified":"2020-09-08T23:30:00","modified_gmt":"2020-09-08T23:30:00","slug":"next-generation-data-storage-market-worth-81-0-billion-by-2025","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/09\/08\/next-generation-data-storage-market-worth-81-0-billion-by-2025\/","title":{"rendered":"Next-Generation Data Storage Market worth $81.0 billion by 2025"},"content":{"rendered":"

According to the new market research report“<\/strong>Next-Generation Data Storage Marketby Storage System (Direct-Attached, Network-Attached, Storage Area Network), Storage Architecture (File- & Object-Based, Block), Storage Medium (SSD, HDD, Tape), & End User – Global Forecast to 2025″<\/strong>, published by MarketsandMarkets\"™\", the Next-Generation Data Storage Marketis estimated to grow fromUSD 53.9 billion<\/span>by 2020 toUSD 81.0 billion<\/span>by 2025 at a CAGR of 8.5%. The major drivers for this market include the massive growth in digital data volume; proliferated use of smartphones, laptops, and tablets; growth of IoT market; and increasing penetration of high-end cloud computing.<\/p>\n

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Storage area network to hold the largest share of next-generation data storage market during the forecast period<\/strong><\/p>\n

The storage area network is expected to hold the largest share of the next-generation data storage market during 2020–2025. As an increasing number of companies have started utilizing cloud-based services to store their data with the use of virtual servers, companies aim to expand their storage capacities beyond existing infrastructural capabilities. SAN technology is widely used by cloud technology creators due to its ability to connect large numbers of servers to storage devices.<\/p>\n

Growing data generation by large enterprises is expected to drive the market for File- and object-based storage architecture<\/strong><\/p>\n

File- and object-based storage (FOBS) is expected to hold the largest share of the next-generation data storage market during 2020–2025. Rapidly growing data generation by large enterprises is leading to an increased need for FOBS to manage those huge volumes of data. These huge volumes of structured and unstructured data, including photos, videos, audio files, and other media, are generating considerable market opportunities for file-and object-based storage market players.<\/p>\n

Browsein-depth TOC on<\/em>“<\/strong>Next-Generation Data Storage Market<\/a>“
179 – Tables
66 – Figures
221 – Pages<\/strong><\/p>\n

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North America<\/span>to hold largest size of next-generation data storage market during forecast period due to rapid technological advancements in the region<\/strong><\/p>\n

North America<\/span>is expected to account for the largest share of the market by 2020. The increasing volume of unstructured data across various industries and rapid technological advancements have led to an increased demand for the secure, reliable, and cost-efficient storage infrastructure inNorth America<\/span>. The region, being the early adopter of advanced data storage technologies, captures the largest share of the next-generation data storage market.<\/p>\n

The companies profiled in this report are Hewlett Packard Enterprise Company (US), Dell Inc. (US), NetApp, Inc. (US), Hitachi, Ltd. (Japan<\/span>), and International Business Machines Corporation (US), Toshiba Corporation (Japan<\/span>), Pure Storage, Inc. (US), Nutanix, Inc. (US), Scality (US), Micron Technology, Inc. (US), Tintri, Inc. (US), Cloudian, Inc. (US), Drobo, Inc. (US), Quantum Corporation (US), Western Digital Corporation (US), Samsung Electronics (South Korea<\/span>), Fujitsu Ltd. (Japan<\/span>), VMware, Inc. (US), Nexenta Systems, Inc. (US), and Netgear Inc. (US), and Inspur (China<\/span>).<\/p>\n

Related Reports:<\/strong><\/p>\n

All-Flash Array Market<\/a>by Flash Media (Custom Flash Module (CFM) and Solid-State Drive (SSD)), Storage Architecture\/Access Pattern (File, Object, and Block), Industry (Enterprise, Government, cloud, and Telecomm), and Geography – Global Forecast to 2023<\/p>\n

Next-Generation Memory Market<\/a>by Technology (Volatile (HMC and HBM), and Nonvolatile (MRAM, FRAM, RERAM, 3D XPoint, NRAM)), Wafer Size (200 mm, 300 mm, and 450 mm), Application, and Geography – Global Forecast to 2023<\/p>\n

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According to the new market research report “Next-Generation Data Storage Market by Storage System (Direct-Attached, Network-Attached, Storage Area Network), Storage Architecture (File- & Object-Based, Block), Storage Medium (SSD, HDD, Tape), & End User – Global Forecast to 2025″, published by MarketsandMarkets™, the Next-Generation Data Storage Market is estimated to grow from USD 53.9 billion by 2020 to USD 81.0 billion by 2025 … Continue reading Next-Generation Data Storage Market worth $81.0 billion by 2025<\/span><\/a> Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,5,67,57,4,54],"tags":[],"class_list":["post-67855","post","type-post","status-publish","format-standard","hentry","category-english","category-extended-distribution","category-icn-internal-distribution","category-ips","category-research-newswire","category-wire"],"yoast_head":"\nNext-Generation Data Storage Market worth $81.0 billion by 2025 - 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