Next-Generation Data Storage Market – Global Forecast To 2029
The next-generation data storage market is projected to grow from USD 65.1 billion in 2024 and is estimated to reach USD 90.0 billion by 2029; it is expected to grow at a CAGR of 6.7% from 2024 to 2029.
次世代データストレージ市場は、2024 年の 651 億米ドルから成長すると予測されており、2029 年までに 900 億米ドルに達すると推定されています。 2024 年から 2029 年にかけて 6.7% の CAGR で成長すると予想されています。
Increasing traction of industrial grade flash memories, rising use of 5G technology, and increasing adoption of NVMe technology in SSD and data storage applications are the factors expected to fuel the growth of the next-generation data storage market.
The report provides insights on the following pointers:
• Analysis of key drivers (increased data generation attributed to surging use of smartphones and smart wearable devices, growing adoption of Internet of Things (IoT) technologies and connected devices, rising use of 5G technology, increasing adoption of NVMe in enterprise storage systems, growing demand for energy-efficient and compact storage solutions in homes and small offices), restraints (data security concerns, limited support for advanced features and functionalities in entry-level next-generation data storage solutions), opportunities (increasing adoption of hybrid cloud storage solutions, growing requirement for real-time data, rising trend of industrial-grade flash memories, emergence of AI and machine learning (ML) technologies), and challenges (lack of suitable infrastructure to secure data, generation of high latency in connecting storage devices over internet, challenges associated with multi-tenancy and resource isolation in shared NAS environments) influencing the growth of the next-generation data storage market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the next-generation data storage market.
• Market Development: Comprehensive information about lucrative markets – the report analysis the next-generation data storage market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the next-generation data storage market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players like Dell Inc. (US), Hewlett Packard Enterprise Company (US), NetApp (US), Huawei Technologies Co., Ltd. (China), Pure Storage, Inc. (US), among others in the next-generation data storage market.