次世代データストレージ市場 : 2029年までの世界予測

Next-Generation Data Storage Market - Global Forecast To 2029

次世代データストレージ市場 : ストレージシステム(直接接続、ネットワーク接続、ストレージエリアネットワーク)、ストレージメディア(SSD、HDD、テープ)、ストレージアーキテクチャ(ファイルおよびオブジェクトベースストレージ、ブロックストレージ)および地域別の市場規模 - 2029年までの世界予測
Next-Generation Data Storage Market Size by Storage System (Direct-Attached, Network-Attached, Storage Area Network), Storage Medium (SSD, HDD, Tape), Storage Architecture (File-& Object-Based Storage, Block Storage) & Region – Global Forecast to 2029
出版年月2024年7月
ページ数345
図表数316
価格タイプシングルユーザライセンス
価格USD 4,950

Report Overview

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.

次世代データストレージ市場 : 2029年までの世界予測

“Network-attached Storage (NAS) segment of the next-generation data storage market to witness high growth during the forecast period.”
The next-generation data storage market’s network-attached storage (NAS) segment is projected to be one of the fastest-growing segment over the forecast period. With the rising trend of remote work and distributed teams, NAS facilitates remote access to files and collaboration among users across different locations. Many NAS devices offer cloud integration and remote access features, allowing users to access and share files securely from anywhere at any time. NAS operates in a centralized storage system that enables easy access to data via networked devices. Smart home automation systems in growing countries such as China, Japan, the US, and Germany drive high demand for NAS.

次世代データストレージ市場 : 2029年までの世界予測  ecosystem

“The hybrid segment is projected to record the highest CAGR during the forecast period.”
The hybrid segment is poised for remarkable growth within the next-generation data storage market over the forecast period. The hybrid storage systems facilitate seamless data mobility and accessibility across on-premises and cloud environments. They seamlessly integrate with other cloud services and applications and can accommodate diverse storage requirements. In hybrid storage, the active data is stored on an on-premises system, and inactive data is stored on remote systems. Companies can avoid loss of critical information by keeping a backup of data in case of any disaster. The inclination toward hybrid cloud storage models is growing as companies need to back up crucial data to avoid losing critical information during disasters. It combines on-premises control over infrastructure and security with the flexibility of cloud technology.

“North America to hold a major market share of the next-generation data storage market during the forecast period” North America is expected to hold a major market share for next-generation data storage market during the forecast period. North America is a dominant contributor to the next-generation data storage market in terms of market share. The region has strong presence of leading next-generation data storage providers such as NetApp (US), Hewlett Packard Enterprise Company (US), and Dell Inc. (US) that are extensively emphasizing on research and development activities. For instance, in FY2023, Dell Inc. (US) invested USD 2.8 billion i.e., around 3% of its total revenue on research & development activities. Adding to this, the region is witnessing high investments towards development of new cloud data centers. For instance, in March 2024, Google announced it would build new data centers to power its cloud and AI ambitions in Kansas City and Northern Virginia locations. The company announced an investment of USD 1 billion for the Kansas City, US data center. The trend of having well-optimized data centers boosts the demand for next-generation data storage solutions in this region.
Extensive primary interviews were conducted with key industry experts in the next-generation data storage market space to determine and verify the market size for various segments and subsegments gathered through secondary research. The break-up of primary participants for the report has been shown below:

The break-up of the profile of primary participants in the next-generation data storage market:
• By Company Type: Tier 1 – 50%, Tier 2 – 30%, and Tier 3 – 20%
• By Designation: C-level – 20%, Director Level – 30%, Others-50%
• By Region: North America – 30%, Europe – 20%, Asia Pacific – 40%, ROW- 10%

次世代データストレージ市場 : 2029年までの世界予測  region

The report profiles key players in the next-generation data storage market with their respective market ranking analysis. Prominent players profiled in this report are Dell Inc. (US), Hewlett Packard Enterprise Company (US), NetApp (US), Huawei Technologies Co., Ltd. (China), Pure Storage, Inc. (US), Hitachi, Ltd (Japan), Fujitsu (Japan), IBM Corp. (US), DataDirect Networks (US), and Micron Technology, Inc. (US).
Apart from this, Cloudian (US), Infortrend Technology Inc. (Taiwan), Quantum Corporation (US), Western Digital Corporation (US), Samsung (South Korea), Nutanix (US), Seagate Technology LLC (US), Scality (US), NETGEAR (US), Inspur Software Co., Ltd. (China), SK HYNIX INC. (South Korea), LucidLink (US), DataCore Software (US), KIOXIA Corporation (Japan), and, Infinidat (US) are among a few emerging companies in the next-generation data storage market.

Research Coverage: This research report categorizes the next-generation data storage market on the basis of storage system, storage medium, storage architecture, deployment, end user, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the next-generation data storage market and forecasts the same till 2029. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the next-generation data storage ecosystem.

Key Benefits of Buying the Report The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall next-generation data storage market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

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.

Table of Contents

1            INTRODUCTION            39

1.1         STUDY OBJECTIVES      39

1.2         MARKET DEFINITION   39

1.3         STUDY SCOPE  40

1.3.1      MARKETS COVERED     40

FIGURE 1           NEXT-GENERATION DATA STORAGE MARKET SEGMENTATION           40

1.3.2      INCLUSIONS AND EXCLUSIONS 41

1.3.3      REGIONAL SCOPE         42

1.3.4      YEARS CONSIDERED     42

1.4         CURRENCY CONSIDERED          43

1.5         UNITS CONSIDERED     43

1.6         LIMITATIONS   43

1.7         STAKEHOLDERS            43

1.8         SUMMARY OF CHANGES            44

1.9         RECESSION IMPACT      44

FIGURE 2           GDP GROWTH PROJECTION DATA FOR MAJOR ECONOMIES, 2021–2023          45

1.10       GDP GROWTH PROJECTIONS UNTIL 2024 FOR MAJOR ECONOMIES              45

2            RESEARCH METHODOLOGY     46

2.1         RESEARCH DATA           46

FIGURE 3           NEXT-GENERATION DATA STORAGE MARKET: RESEARCH DESIGN              47

2.1.1      SECONDARY DATA       47

2.1.1.1   List of key secondary sources           48

2.1.1.2   Key data from secondary sources     48

2.1.2      PRIMARY DATA 48

2.1.2.1   List of major primary interview participants   49

2.1.2.2   Breakdown of primaries     49

2.1.2.3   Key data from primary sources         50

2.1.2.4   Key industry insights          51

2.1.3      SECONDARY AND PRIMARY RESEARCH 51

2.2         MARKET SIZE ESTIMATION METHODOLOGY    52

FIGURE 4           NEXT-GENERATION DATA STORAGE MARKET: RESEARCH FLOW   52

FIGURE 5           REVENUE GENERATED FROM SALES OF NEXT-GENERATION DATA STORAGE EQUIPMENT AND SOFTWARE IN 2023, APPROACH 1 (SUPPLY SIDE)    53

FIGURE 6           MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE): ESTIMATION OF NEXT-GENERATION DATA STORAGE MARKET SIZE, BY STORAGE MEDIUM    53

2.2.1      BOTTOM-UP APPROACH           54

FIGURE 7           MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH       54

2.2.1.1   Approach to arrive at market size using bottom-up analysis (demand side)              54

2.2.2      TOP-DOWN APPROACH             55

FIGURE 8           MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH       55

2.2.2.1   Approach to arrive at market size using top-down analysis (supply side)  55

2.3         DATA TRIANGULATION             56

FIGURE 9           DATA TRIANGULATION             56

2.4         RESEARCH ASSUMPTIONS         57

2.5         PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON NEXT-GENERATION DATA STORAGE MARKET 57

2.6         RISK ASSESSMENT         58

2.7         RESEARCH LIMITATIONS           58

3            EXECUTIVE SUMMARY 59

FIGURE 10         NETWORK-ATTACHED STORAGE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024          60

FIGURE 11         SOLID-STATE DRIVES SEGMENT TO DOMINATE MARKET IN 2029      60

FIGURE 12         FILE-AND OBJECT-BASED STORAGE SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD       61

FIGURE 13         ENTERPRISES SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024 62

FIGURE 14         ON-PREMISES SEGMENT TO LEAD MARKET IN 2029       62

FIGURE 15         NORTH AMERICA DOMINATED GLOBAL NEXT-GENERATION DATA STORAGE MARKET IN 2023           63

4            PREMIUM INSIGHTS      65

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN NEXT-GENERATION DATA STORAGE MARKET          65

FIGURE 16         GROWING DEMAND FOR STORAGE SOLUTIONS FROM BFSI AND HEALTHCARE SECTORS TO DRIVE MARKET DURING FORECAST PERIOD              65

4.2         NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM AND STORAGE MEDIUM            65

FIGURE 17         NETWORK-ATTACHED STORAGE AND SOLID-STATE DRIVES SEGMENTS TO HOLD LARGEST MARKET SHARES IN 2024           65

4.3         NEXT-GENERATION DATA STORAGE MARKET, BY END USER    66

FIGURE 18         ENTERPRISES SEGMENT TO DOMINATE MARKET IN 2024              66

4.4         NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE ARCHITECTURE            66

FIGURE 19         FILE- AND OBJECT-BASED STORAGE SEGMENT TO LEAD MARKET IN 2024             66

4.5         NEXT-GENERATION DATA STORAGE MARKET, BY DEPLOYMENT              67

FIGURE 20         ON-PREMISES SEGMENT TO SECURE LARGEST MARKET SHARE IN 2029  67

4.6         NEXT-GENERATION DATA STORAGE MARKET, BY REGION        67

FIGURE 21         NORTH AMERICA TO SECURE LARGEST MARKET SHARE IN 2024      67

4.7         NEXT-GENERATION DATA STORAGE MARKET, BY COUNTRY    68

FIGURE 22         INDIA TO RECORD HIGHEST CAGR DURING FORECAST PERIOD              68

5            MARKET OVERVIEW     69

5.1         INTRODUCTION            69

5.2         MARKET DYNAMICS     69

FIGURE 23         NEXT-GENERATION DATA STORAGE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES       69

5.2.1      DRIVERS            70

5.2.1.1   Increased data generation attributed to surging use of smartphones and smart wearable devices  70

5.2.1.2   Growing adoption of Internet of Things (IoT) technologies and connected devices              70

5.2.1.3   Rising global demand for 5G technology        71

5.2.1.4   Increasing adoption of Non-volatile Memory express (NVMe) in enterprise storage systems    71

5.2.1.5   Growing demand for energy-efficient and compact storage solutions in homes and small offices         72

FIGURE 24         IMPACT ANALYSIS OF DRIVERS ON NEXT-GENERATION DATA STORAGE MARKET        73

5.2.2      RESTRAINTS     73

5.2.2.1   Data security concerns       73

5.2.2.2   Limited support for advanced features and functionalities in entry-level next-generation data storage solutions     74

FIGURE 25         IMPACT ANALYSIS OF RESTRAINTS ON NEXT-GENERATION DATA STORAGE MARKET          74

5.2.3      OPPORTUNITIES           75

5.2.3.1   Increasing adoption of hybrid cloud storage solutions  75

5.2.3.2   Growing requirement for real-time data         75

5.2.3.3   Rising trend of industrial-grade flash memories           76

5.2.3.4   Emergence of artificial intelligence (AI) and machine learning (ML) technologies              76

FIGURE 26         IMPACT ANALYSIS OF OPPORTUNITIES ON NEXT-GENERATION DATA STORAGE MARKET             77

5.2.4      CHALLENGES   78

5.2.4.1   Lack of suitable infrastructure to secure data 78

5.2.4.2   Generation of high latency in connecting storage devices over internet    78

5.2.4.3   Challenges associated with multi-tenancy and resource isolation in shared NAS environments       78

FIGURE 27         IMPACT ANALYSIS OF CHALLENGES ON NEXT-GENERATION DATA STORAGE MARKET          79

5.3         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 79

FIGURE 28         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES              79

5.4         PRICING ANALYSIS        80

5.4.1      AVERAGE SELLING PRICE (ASP) TREND OF KEY PLAYERS, BY END USER              80

5.4.1.1   Solid-state drives (SSDs)   80

FIGURE 29         AVERAGE SELLING PRICE (ASP) TREND OF SSDS OFFERED BY KEY PLAYERS, BY END USER (USD/TB)  80

TABLE 1             AVERAGE SELLING PRICE (ASP) TREND OF SSDS OFFERED BY KEY PLAYERS, BY END USER (USD/TB)  80

5.4.1.2   Hard-disk drives (HDDs)  81

FIGURE 30         AVERAGE SELLING PRICE (ASP) TREND OF HDDS OFFERED BY KEY PLAYERS, BY END USER (USD/TB)  81

TABLE 2             AVERAGE SELLING PRICE (ASP) TREND OF HDDS OFFERED BY KEY PLAYERS, BY END USER (USD/TB)  81

5.4.1.3   Tapes    82

FIGURE 31         AVERAGE SELLING PRICE (ASP) TREND OF TAPES OFFERED BY KEY PLAYERS, BY END USER (USD/TB)  82

TABLE 3             AVERAGE SELLING PRICE (ASP) TREND OF TAPES OFFERED BY KEY PLAYERS, BY END USER (USD/TB)  82

5.4.2      AVERAGE SELLING PRICE (ASP) TREND, BY REGION      83

FIGURE 32         AVERAGE SELLING PRICE (ASP) TREND OF SSDS, BY REGION, 2020–2023 (USD/TB)      83

TABLE 4             AVERAGE SELLING PRICE (ASP) TREND OF SSDS, BY REGION, 2020–2023 (USD/TB)      83

FIGURE 33         AVERAGE SELLING PRICE (ASP) TREND OF HDDS, BY REGION, 2020–2023 (USD/TB)      83

TABLE 5             AVERAGE SELLING PRICE (ASP) TREND OF HDDS, BY REGION, 2020–2023 (USD/TB)      84

FIGURE 34         AVERAGE SELLING PRICE (ASP) TREND OF TAPES, BY REGION, 2020–2023 (USD/TB)      84

TABLE 6             AVERAGE SELLING PRICE (ASP) TREND OF TAPES, BY REGION, 2020–2023 (USD/TB)      84

5.5         VALUE CHAIN ANALYSIS            85

FIGURE 35         NEXT-GENERATION DATA STORAGE MARKET: VALUE CHAIN ANALYSIS          85

5.6         ECOSYSTEM ANALYSIS 86

FIGURE 36         KEY PARTICIPANTS IN NEXT-GENERATION DATA STORAGE ECOSYSTEM     86

TABLE 7             ROLES OF COMPANIES IN NEXT-GENERATION DATA STORAGE ECOSYSTEM 87

5.7         INVESTMENT AND FUNDING SCENARIO            88

FIGURE 37         VC INVESTMENTS BY US-BASED INVESTORS IN DATA STORAGE SECTOR, Q1 2020–Q2 2023 (USD BILLION)      88

5.8         TECHNOLOGY ANALYSIS           89

5.8.1      KEY TECHNOLOGIES    89

5.8.1.1   Advanced memory technologies for data storage          89

5.8.1.2   DNA storage       89

5.8.1.3   5D optical storage              89

5.8.2      COMPLEMENTARY TECHNOLOGIES     90

5.8.2.1   AI and ML           90

5.8.2.2   Edge computing   90

5.8.3      ADJACENT TECHNOLOGIES      90

5.8.3.1   Nanotechnology  90

5.9         PATENT ANALYSIS        91

FIGURE 38         NUMBER OF PATENTS APPLIED AND GRANTED FOR NEXT-GENERATION DATA STORAGE SYSTEMS PER YEAR, 2013–2023   91

TABLE 8             LIST OF APPLIED/GRANTED PATENTS RELATED TO NEXT-GENERATION DATA STORAGE SYSTEMS, 2021–2024       92

5.10       TRADE ANALYSIS          95

5.10.1    IMPORT DATA (HS CODE 847170)           95

FIGURE 39         IMPORT DATA FOR HS CODE 847170-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)            95

5.10.2    EXPORT DATA (HS CODE 847170)           95

FIGURE 40         EXPORT DATA FOR HS CODE 847170-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)            96

5.11       KEY CONFERENCES AND EVENTS, 2024–2025     96

TABLE 9             NEXT-GENERATION DATA STORAGE MARKET: DETAILED LIST OF CONFERENCES AND EVENTS, 2024–2025            96

5.12       CASE STUDY ANALYSIS 98

5.12.1    QNAP ENHANCED X10STUDIO’S WORKFLOW QUALITY AND MANAGED DATA SECURELY     98

5.12.2    ITCE SELECTED BUFFALO’S TERASTATION 51210RH AS STORAGE SOLUTION FOR PRIVATE CLOUD BACKUP SERVICES    98

5.12.3    GIJIMA INSTALLED HITACHI VSP 5000 SERIES ARRAYS AND VSP G700 ARRAYS AT PRODUCTION DATA CENTER FOR DISASTER RECOVERY    99

5.12.4    IDEC CORPORATION IMPLEMENTED DELL EMC POWERMAX 2000 AS NEW STORAGE INFRASTRUCTURE THAT ENHANCED PERFORMANCE, RELIABILITY, AND AVAILABILITY OF STORAGE INFRASTRUCTURE        99

5.12.5    ZENUITY DEVELOPED AI INFRASTRUCTURE ON NVIDIA DGX-1 AND PURE STORAGE’S FLASHBLADE TO MAKE AUTONOMOUS VEHICLES SMART AND SAFE          100

5.12.6    MERCEDES-AMG PETRONAS STANDARDIZED PURE STORAGE’S FLASHARRAY AND FLASHBLADE THAT OFFERED FAST ACCESS TO TRACK-SLIDE FILES AND IMPROVED QUERY TIMES FOR DATABASE APPLICATIONS              100

5.12.7    WESTERN DIGITAL HELPED HY GROUP WITH BACKUP SOLUTION THAT IMPROVED DATA RETENTION    101

5.12.8    DDN ASSISTED RECURSION PHARMACEUTICALS WITH MACHINE LEARNING MODELS THAT REDUCED IDENTIFICATION TIME AND ENHANCED STORAGE SYSTEMS       101

5.12.9    PUREGOLD PRICE CLUB, INC COLLABORATED WITH HUAWEI TECHNOLOGIES FOR EFFECTIVE STORAGE SOLUTIONS            102

5.13       REGULATORY LANDSCAPE       102

TABLE 10           NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         103

TABLE 11           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         104

TABLE 12           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         105

TABLE 13           ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         106

5.13.1    STANDARDS     106

TABLE 14           NEXT GENERATION DATA STORAGE MARKET: STANDARDS              106

5.13.2    REGULATIONS 107

5.13.2.1 US         107

5.13.2.2 Europe  108

5.13.2.3 China     108

5.13.2.4 Japan     108

5.14       PORTER’S FIVE FORCES ANALYSIS         109

TABLE 15           NEXT-GENERATION DATA STORAGE MARKET: IMPACT OF PORTER’S FIVE FORCES 109

FIGURE 41         NEXT-GENERATION DATA STORAGE MARKET: PORTER’S FIVE FORCES ANALYSIS         109

5.14.1    INTENSITY OF COMPETITIVE RIVALRY 110

5.14.2    BARGAINING POWER OF SUPPLIERS     110

5.14.3    BARGAINING POWER OF BUYERS           110

5.14.4    THREAT OF SUBSTITUTES         110

5.14.5    THREAT OF NEW ENTRANTS    111

5.15       KEY STAKEHOLDERS AND BUYING CRITERIA    111

5.15.1    KEY STAKEHOLDERS IN BUYING PROCESS         111

FIGURE 42         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER    111

TABLE 16           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%)           111

5.15.2    BUYING CRITERIA         112

FIGURE 43         KEY BUYING CRITERIA, BY END USER    112

TABLE 17           KEY BUYING CRITERIA, BY END USER    112

6            NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM              113

6.1         INTRODUCTION            114

FIGURE 44         NETWORK-ATTACHED STORAGE SEGMENT TO LEAD MARKET IN 2024             114

TABLE 18           NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2020–2023 (USD MILLION)        115

TABLE 19           NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2024–2029 (USD MILLION)        115

6.2         DIRECT-ATTACHED STORAGE 115

6.2.1      RISING APPLICATION FOR VIDEO EDITING, GAMING, AND REAL-TIME DATA ANALYSIS TO FUEL MARKET GROWTH   115

TABLE 20           DIRECT-ATTACHED STORAGE: NEXT-GENERATION DATA STORAGE MARKET, BY END USER 2020–2023 (USD MILLION)     116

TABLE 21           DIRECT-ATTACHED STORAGE: NEXT-GENERATION DATA STORAGE MARKET, BY END USER 2024–2029 (USD MILLION)     116

TABLE 22           DIRECT-ATTACHED STORAGE: NEXT-GENERATION DATA STORAGE MARKET FOR ENTERPRISES, BY VERTICAL, 2020–2023 (USD MILLION)          116

TABLE 23           DIRECT-ATTACHED STORAGE: NEXT-GENERATION DATA STORAGE MARKET FOR ENTERPRISES, BY VERTICAL, 2024–2029 (USD MILLION)          117

6.3         NETWORK-ATTACHED STORAGE          117

6.3.1      INCREASING TREND OF REMOTE WORK AND DISTRIBUTED TEAMS TO FOSTER SEGMENTAL GROWTH       117

TABLE 24           NETWORK-ATTACHED STORAGE: NEXT-GENERATION DATA STORAGE MARKET, BY END USER 2020–2023 (USD MILLION)     118

TABLE 25           NETWORK-ATTACHED STORAGE: NEXT-GENERATION DATA STORAGE MARKET, BY END USER 2024–2029 (USD MILLION)     118

TABLE 26           NETWORK-ATTACHED STORAGE: NEXT-GENERATION DATA STORAGE MARKET FOR ENTERPRISES, BY VERTICAL, 2020–2023 (USD MILLION)          118

TABLE 27           NETWORK-ATTACHED STORAGE: NEXT-GENERATION DATA STORAGE MARKET FOR ENTERPRISES, BY VERTICAL, 2024–2029 (USD MILLION)          119

6.4         STORAGE AREA NETWORK        119

6.4.1      RISING DEMAND TO DEVELOP CLOUD STORAGE INFRASTRUCTURES TO FUEL SEGMENTAL GROWTH            119

TABLE 28           STORAGE AREA NETWORK: NEXT-GENERATION DATA STORAGE MARKET, BY END USER, 2020–2023 (USD MILLION)    120

TABLE 29           STORAGE AREA NETWORK: NEXT-GENERATION DATA STORAGE MARKET, BY END USER, 2024–2029 (USD MILLION)    120

TABLE 30           STORAGE AREA NETWORK: NEXT-GENERATION DATA STORAGE MARKET FOR ENTERPRISES, BY VERTICAL, 2020–2023 (USD MILLION)          120

TABLE 31           STORAGE AREA NETWORK: NEXT-GENERATION DATA STORAGE MARKET FOR ENTERPRISES, BY VERTICAL, 2024–2029 (USD MILLION)          121

7            NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE MEDIUM              122

7.1         INTRODUCTION            123

FIGURE 45         SOLID-STATE DRIVES SEGMENT TO DOMINATE MARKET IN 2029      123

TABLE 32           NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE MEDIUM, 2020–2023 (USD MILLION)      123

TABLE 33           NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE MEDIUM, 2024–2029 (USD MILLION)      123

TABLE 34           NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE MEDIUM, 2020–2023 (EXABYTE) 124

TABLE 35           NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE MEDIUM, 2024–2029 (EXABYTE) 124

7.2         HARD DISK DRIVES       125

7.2.1      GROWING NEED FOR AFFORDABLE AND HIGH-CAPACITY STORAGE SYSTEMS FOR ON-PREMISES DEPLOYMENT TO FUEL MARKET GROWTH              125

7.3         SOLID-STATE DRIVES   125

7.3.1      LOW POWER CONSUMPTION AND REDUCED NOISE TO BOOST DEMAND           125

7.4         TAPES  126

7.4.1      GROWING THREAT OF RANSOMWARE ATTACKS TO DRIVE MARKET              126

8            NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE ARCHITECTURE            127

8.1         INTRODUCTION            128

FIGURE 46         FILE- AND OBJECT-BASED STORAGE SEGMENT TO DOMINATE MARKET IN 2029             128

TABLE 36           NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE ARCHITECTURE, 2020–2023 (USD MILLION)       128

TABLE 37           NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE ARCHITECTURE, 2024–2029 (USD MILLION)       128

TABLE 38           FILE- AND OBJECT-BASED STORAGE: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE ARCHITECTURE, 2020–2023 (USD MILLION)          129

TABLE 39           FILE- AND OBJECT-BASED STORAGE: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE ARCHITECTURE, 2024–2029 (USD MILLION)          130

8.2         FILE- AND OBJECT-BASED STORAGE    130

8.2.1      FILE STORAGE 130

8.2.1.1   Rising emphasis on developing unified and clustered file storage systems to propel market   130

8.2.2      OBJECT STORAGE         131

8.2.2.1   Ability to retrieve objects irrespective of locations to drive demand          131

8.3         BLOCK STORAGE          131

8.3.1      RISING NEED TO CONTROL SERVER-BASED OPERATING SYSTEMS TO BOOST DEMAND           131

9            NEXT-GENERATION DATA STORAGE MARKET, BY END USER    133

9.1         INTRODUCTION            134

FIGURE 47         CLOUD SERVICE PROVIDERS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD    134

TABLE 40           NEXT-GENERATION DATA STORAGE MARKET, BY END USER, 2020–2023 (USD MILLION)          134

TABLE 41           NEXT-GENERATION DATA STORAGE MARKET, BY END USER, 2024–2029 (USD MILLION)          134

9.2         ENTERPRISES   135

FIGURE 48         BFSI SEGMENT TO DOMINATE MARKET IN 2029             136

TABLE 42           ENTERPRISES: NEXT-GENERATION DATA STORAGE MARKET, BY VERTICAL, 2020–2023 (USD MILLION)            136

TABLE 43           ENTERPRISES: NEXT-GENERATION DATA STORAGE MARKET, BY VERTICAL, 2024–2029 (USD MILLION)            136

TABLE 44           ENTERPRISES: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2020–2023 (USD MILLION)            137

TABLE 45           ENTERPRISES: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2024–2029 (USD MILLION)            138

TABLE 46           ENTERPRISES: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION)  138

TABLE 47           ENTERPRISES: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2024–2029 (USD MILLION)  138

9.2.1      BFSI      138

9.2.1.1   Growing demand for e-insurance products and mobile banking to drive market              138

TABLE 48           BFSI: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2020–2023 (USD MILLION)   139

TABLE 49           BFSI: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2024–2029 (USD MILLION)   139

TABLE 50           BFSI: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION)       140

TABLE 51           BFSI: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2024–2029 (USD MILLION)       140

9.2.2      MANUFACTURING        140

9.2.2.1   Increasing installation of smart technologies in manufacturing sector to fuel segmental growth 140

TABLE 52           MANUFACTURING: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2020–2023 (USD MILLION)        141

TABLE 53           MANUFACTURING: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2024–2029 (USD MILLION)        141

TABLE 54           MANUFACTURING: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION)            141

TABLE 55           MANUFACTURING: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2024–2029 (USD MILLION)            142

9.2.3      CONSUMER GOODS & RETAIL  142

9.2.3.1   Rising shift toward online platforms to sell goods to accelerate demand   142

TABLE 56           CONSUMER GOODS & RETAIL: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2020–2023 (USD MILLION)    143

TABLE 57           CONSUMER GOODS & RETAIL: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2024–2029 (USD MILLION)    143

TABLE 58           CONSUMER GOODS & RETAIL: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION)        143

TABLE 59           CONSUMER GOODS & RETAIL: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2024–2029 (USD MILLION)        144

9.2.4      HEALTHCARE & LIFE SCIENCES 144

9.2.4.1   Ease of data access to healthcare professionals from various locations to drive market   144

TABLE 60           HEALTHCARE & LIFE SCIENCES: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2020–2023 (USD MILLION)    145

TABLE 61           HEALTHCARE & LIFE SCIENCES: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2024–2029 (USD MILLION)    145

TABLE 62           HEALTHCARE & LIFE SCIENCES: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION)        145

TABLE 63           HEALTHCARE & LIFE SCIENCES: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2024–2029 (USD MILLION)        146

9.2.5      MEDIA & ENTERTAINMENT      146

9.2.5.1   Growing demand for immersive experiences in gaming and animation industry to drive market        146

TABLE 64           MEDIA & ENTERTAINMENT: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2020–2023 (USD MILLION)    147

TABLE 65           MEDIA & ENTERTAINMENT: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2024–2029 (USD MILLION)    147

TABLE 66           MEDIA & ENTERTAINMENT: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION)        147

TABLE 67           MEDIA & ENTERTAINMENT: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2024–2029 (USD MILLION)        148

9.2.6      OTHERS             148

9.2.6.1   Energy & power   148

9.2.6.2   Education & research         149

9.2.6.3   Business & consulting        149

9.2.6.4   Transportation & logistics  150

TABLE 68           OTHERS: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2020–2023 (USD MILLION)   150

TABLE 69           OTHERS: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2024–2029 (USD MILLION)   150

TABLE 70           OTHERS: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION)       151

TABLE 71           OTHERS: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2024–2029 (USD MILLION)       151

9.3         GOVERNMENT BODIES 151

9.3.1      GROWING DIGITALIZATION OF REGULATORY PROCESSES TO SPUR DEMAND           151

TABLE 72           GOVERNMENT BODIES: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2020–2023 (USD MILLION)        152

TABLE 73           GOVERNMENT BODIES: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2024–2029 (USD MILLION)        153

TABLE 74           GOVERNMENT BODIES: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION)            153

TABLE 75           GOVERNMENT BODIES: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2024–2029 (USD MILLION)            153

9.4         CLOUD SERVICE PROVIDERS    153

9.4.1      RISING DEMAND FOR AI-DRIVEN APPLICATIONS AND HYBRID CLOUD ENVIRONMENTS TO BOOST MARKET GROWTH             153

TABLE 76           CLOUD SERVICE PROVIDERS: NEXT-GENERATION DATA STORAGE MARKET, BY TYPE, 2020–2023 (USD MILLION)             154

TABLE 77           CLOUD SERVICE PROVIDERS: NEXT-GENERATION DATA STORAGE MARKET, BY TYPE, 2024–2029 (USD MILLION)             154

TABLE 78           CLOUD SERVICE PROVIDERS: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2020–2023 (USD MILLION)    155

TABLE 79           CLOUD SERVICE PROVIDERS: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2024–2029 (USD MILLION)    155

TABLE 80           CLOUD SERVICE PROVIDERS: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION)        155

TABLE 81           CLOUD SERVICE PROVIDERS: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2024–2029 (USD MILLION)        155

9.5         TELECOM COMPANIES 156

9.5.1      RISING INTEGRATION OF DATA ANALYTICS AND DATA SHARING TECHNOLOGIES INTO MOBILE DEVICES TO FUEL SEGMENTAL GROWTH              156

TABLE 82           TELECOM COMPANIES: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2020–2023 (USD MILLION)        156

TABLE 83           TELECOM COMPANIES: NEXT-GENERATION DATA STORAGE MARKET, BY STORAGE SYSTEM, 2024–2029 (USD MILLION)        156

TABLE 84           TELECOM COMPANIES: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION)            157

TABLE 85           TELECOM COMPANIES: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2024–2029 (USD MILLION)            157

10          NEXT-GENERATION DATA STORAGE MARKET, BY DEPLOYMENT              158

10.1       INTRODUCTION            159

FIGURE 49         HYBRID SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       159

TABLE 86           NEXT-GENERATION DATA STORAGE MARKET, BY DEPLOYMENT, 2020–2023 (USD MILLION)          159

TABLE 87           NEXT-GENERATION DATA STORAGE MARKET, BY DEPLOYMENT, 2024–2029 (USD MILLION)          160

10.2       ON-PREMISES   160

10.2.1    GROWING DEMAND FOR DATA SOVEREIGNTY AND SECURITY MODELS IN HEALTHCARE AND FINANCE SECTORS TO DRIVE MARKET 160

10.3       CLOUD 161

10.3.1    SEAMLESS INTEGRATION WITH AI AND ML TO FUEL SEGMENTAL GROWTH          161

10.4       HYBRID              162

10.4.1    ABILITY TO SUPPORT MULTI-SITE FILE SYNC, IMPLICIT BACKUP, LARGE FILE COLLABORATION, AND CENTRALIZED MANAGEMENT TO ACCELERATE DEMAND 162

11          NEXT-GENERATION DATA STORAGE MARKET, BY REGION        163

11.1       INTRODUCTION            164

FIGURE 50         NORTH AMERICA TO DOMINATE GLOBAL NEXT-GENERATION DATA STORAGE MARKET IN 2024             164

TABLE 88           NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION)          164

TABLE 89           NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2024–2029 (USD MILLION)          165

11.2       NORTH AMERICA          166

11.2.1    IMPACT OF RECESSION ON NEXT-GENERATION DATA STORAGE MARKET IN NORTH AMERICA   166

FIGURE 51         NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET SNAPSHOT     167

FIGURE 52         US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN MARKET IN 2024             167

TABLE 90           NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET, BY END USER, 2020–2023 (USD MILLION)         168

TABLE 91           NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET, BY END USER, 2024–2029 (USD MILLION)         168

TABLE 92           NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET, BY COUNTRY, 2020–2023 (USD MILLION)         168

TABLE 93           NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)         168

TABLE 94           NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET FOR ENTERPRISES, BY COUNTRY, 2020–2023 (USD MILLION)   169

TABLE 95           NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET FOR ENTERPRISES, BY COUNTRY, 2024–2029 (USD MILLION)   169

TABLE 96           NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET FOR BFSI, BY COUNTRY, 2020–2023 (USD MILLION)      169

TABLE 97           NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET FOR BFSI, BY COUNTRY, 2024–2029 (USD MILLION)      169

TABLE 98           NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET FOR MANUFACTURING, BY COUNTRY, 2020–2023 (USD MILLION)              170

TABLE 99           NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET FOR MANUFACTURING, BY COUNTRY, 2024–2029 (USD MILLION)              170

TABLE 100         NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET FOR CONSUMER GOODS & RETAIL, BY COUNTRY, 2020–2023 (USD MILLION)          170

TABLE 101         NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET FOR CONSUMER GOODS & RETAIL, BY COUNTRY, 2024–2029 (USD MILLION)          170

TABLE 102         NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET FOR HEALTHCARE & LIFE SCIENCES, BY COUNTRY, 2020–2023 (USD MILLION)          171

TABLE 103         NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET FOR HEALTHCARE & LIFE SCIENCES, BY COUNTRY, 2024–2029 (USD MILLION)          171

TABLE 104         NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET FOR MEDIA & ENTERTAINMENT, BY COUNTRY, 2020–2023 (USD MILLION)          171

TABLE 105         NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET FOR MEDIA & ENTERTAINMENT, BY COUNTRY, 2024–2029 (USD MILLION)          171

TABLE 106         NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET FOR OTHERS, BY COUNTRY, 2020–2023 (USD MILLION)            172

TABLE 107         NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET FOR OTHERS, BY COUNTRY, 2024–2029 (USD MILLION)            172

TABLE 108         NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET FOR GOVERNMENT BODIES, BY COUNTRY, 2020–2023 (USD MILLION)              172

TABLE 109         NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET FOR GOVERNMENT BODIES, BY COUNTRY, 2024–2029 (USD MILLION)              172

TABLE 110         NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET FOR CLOUD SERVICE PROVIDERS, BY COUNTRY, 2020–2023 (USD MILLION)          173

TABLE 111         NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET FOR CLOUD SERVICE PROVIDERS, BY COUNTRY, 2024–2029 (USD MILLION)          173

TABLE 112         NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET FOR TELECOM COMPANIES, BY COUNTRY, 2020–2023 (USD MILLION)              173

TABLE 113         NORTH AMERICA: NEXT-GENERATION DATA STORAGE MARKET FOR TELECOM COMPANIES, BY COUNTRY, 2024–2029 (USD MILLION)              173

11.2.2    US         174

11.2.2.1 Early adoption of digital technologies by established players to boost demand              174

11.2.3    CANADA            174

11.2.3.1 Increasing investments in development of data center infrastructure to drive demand 174

11.2.4    MEXICO             175

11.2.4.1 Growing need for improved telecommunication infrastructure with rising internet penetration to propel market           175

11.3       EUROPE             176

11.3.1    IMPACT OF RECESSION ON NEXT-GENERATION DATA STORAGE MARKET IN EUROPE     176

FIGURE 53         EUROPE: NEXT-GENERATION DATA STORAGE MARKET SNAPSHOT        177

FIGURE 54         UK TO HOLD LARGEST SHARE OF EUROPEAN MARKET IN 2024              177

TABLE 114         EUROPE: NEXT-GENERATION DATA STORAGE MARKET, BY END USER, 2020–2023 (USD MILLION)    178

TABLE 115         EUROPE: NEXT-GENERATION DATA STORAGE MARKET, BY END USER, 2024–2029 (USD MILLION)    178

TABLE 116         EUROPE: NEXT-GENERATION DATA STORAGE MARKET, BY COUNTRY, 2020–2023 (USD MILLION)    178

TABLE 117         EUROPE: NEXT-GENERATION DATA STORAGE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    179

TABLE 118         EUROPE: NEXT-GENERATION DATA STORAGE MARKET FOR ENTERPRISES, BY COUNTRY, 2020–2023 (USD MILLION) 179

TABLE 119         EUROPE: NEXT-GENERATION DATA STORAGE MARKET FOR ENTERPRISES, BY COUNTRY, 2024–2029 (USD MILLION) 179

TABLE 120         EUROPE: NEXT-GENERATION DATA STORAGE MARKET FOR BFSI, BY COUNTRY, 2020–2023 (USD MILLION)  180

TABLE 121         EUROPE: NEXT-GENERATION DATA STORAGE MARKET FOR BFSI, BY COUNTRY, 2024–2029 (USD MILLION)  180

TABLE 122         EUROPE: NEXT-GENERATION DATA STORAGE MARKET FOR MANUFACTURING, BY COUNTRY, 2020–2023 (USD MILLION)     180

TABLE 123         EUROPE: NEXT-GENERATION DATA STORAGE MARKET FOR MANUFACTURING, BY COUNTRY, 2024–2029 (USD MILLION)     181

TABLE 124         EUROPE: NEXT-GENERATION DATA STORAGE MARKET FOR CONSUMER GOODS & RETAIL, BY COUNTRY, 2020–2023 (USD MILLION)              181

TABLE 125         EUROPE: NEXT-GENERATION DATA STORAGE MARKET FOR CONSUMER GOODS & RETAIL, BY COUNTRY, 2024–2029 (USD MILLION)              181

TABLE 126         EUROPE: NEXT-GENERATION DATA STORAGE MARKET FOR HEALTHCARE & LIFE SCIENCES, BY COUNTRY, 2020–2023 (USD MILLION)              182

TABLE 127         EUROPE: NEXT-GENERATION DATA STORAGE MARKET FOR HEALTHCARE & LIFE SCIENCES, BY COUNTRY, 2024–2029 (USD MILLION)              182

TABLE 128         EUROPE: NEXT-GENERATION DATA STORAGE MARKET FOR MEDIA & ENTERTAINMENT, BY COUNTRY, 2020–2023 (USD MILLION)   182

TABLE 129         EUROPE: NEXT-GENERATION DATA STORAGE MARKET FOR MEDIA & ENTERTAINMENT, BY COUNTRY, 2024–2029 (USD MILLION)   183

TABLE 130         EUROPE: NEXT-GENERATION DATA STORAGE MARKET FOR OTHERS, BY COUNTRY, 2020–2023 (USD MILLION)         183

TABLE 131         EUROPE: NEXT-GENERATION DATA STORAGE MARKET FOR OTHERS, BY COUNTRY, 2024–2029 (USD MILLION)         183

TABLE 132         EUROPE: NEXT-GENERATION DATA STORAGE MARKET FOR GOVERNMENT BODIES, BY COUNTRY, 2020–2023 (USD MILLION)           184

TABLE 133         EUROPE: NEXT-GENERATION DATA STORAGE MARKET FOR GOVERNMENT BODIES, BY COUNTRY, 2024–2029 (USD MILLION)           184

TABLE 134         EUROPE: NEXT-GENERATION DATA STORAGE MARKET FOR CLOUD SERVICE PROVIDERS, BY COUNTRY, 2020–2023 (USD MILLION) 184

TABLE 135         EUROPE: NEXT-GENERATION DATA STORAGE MARKET FOR CLOUD SERVICE PROVIDERS, BY COUNTRY, 2024–2029 (USD MILLION) 185

TABLE 136         EUROPE: NEXT-GENERATION DATA STORAGE MARKET FOR TELECOM COMPANIES, BY COUNTRY, 2020–2023 (USD MILLION)           185

TABLE 137         EUROPE: NEXT-GENERATION DATA STORAGE MARKET FOR TELECOM COMPANIES, BY COUNTRY, 2024–2029 (USD MILLION)           185

11.3.2    UK         186

11.3.2.1 Growing demand from BFSI service providers and telecom giants to fuel market growth   186

11.3.3    GERMANY         186

11.3.3.1 Rising demand for 5G telecom services to drive market              186

11.3.4    FRANCE             187

11.3.4.1 Booming healthcare sector to accelerate demand         187

11.3.5    REST OF EUROPE           188

11.4       ASIA PACIFIC    189

11.4.1    IMPACT OF RECESSION ON NEXT-GENERATION DATA STORAGE MARKET IN ASIA PACIFIC           189

FIGURE 55         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET SNAPSHOT        190

FIGURE 56         CHINA TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024              191

TABLE 138         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET, BY END USER, 2020–2023 (USD MILLION)            191

TABLE 139         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET, BY END USER, 2024–2029 (USD MILLION)            191

TABLE 140         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET, BY COUNTRY, 2020–2023 (USD MILLION)            192

TABLE 141         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)            192

TABLE 142         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET FOR ENTERPRISES, BY COUNTRY, 2020–2023 (USD MILLION)     192

TABLE 143         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET FOR ENTERPRISES, BY COUNTRY, 2024–2029 (USD MILLION)     193

TABLE 144         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET FOR BFSI, BY COUNTRY, 2020–2023 (USD MILLION)        193

TABLE 145         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET FOR BFSI, BY COUNTRY, 2024–2029 (USD MILLION)        193

TABLE 146         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET FOR MANUFACTURING, BY COUNTRY, 2020–2023 (USD MILLION)          194

TABLE 147         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET FOR MANUFACTURING, BY COUNTRY, 2024–2029 (USD MILLION)          194

TABLE 148         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET FOR CONSUMER GOODS & RETAIL, BY COUNTRY, 2020–2023 (USD MILLION)              194

TABLE 149         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET FOR CONSUMER GOODS & RETAIL, BY COUNTRY, 2024–2029 (USD MILLION)              195

TABLE 150         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET FOR HEALTHCARE & LIFE SCIENCES, BY COUNTRY, 2020–2023 (USD MILLION)              195

TABLE 151         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET FOR HEALTHCARE & LIFE SCIENCES, BY COUNTRY, 2024–2029 (USD MILLION)              195

TABLE 152         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET FOR MEDIA & ENTERTAINMENT, BY COUNTRY, 2020–2023 (USD MILLION)              196

TABLE 153         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET FOR MEDIA & ENTERTAINMENT, BY COUNTRY, 2024–2029 (USD MILLION)              196

TABLE 154         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET FOR OTHERS, BY COUNTRY, 2020–2023 (USD MILLION) 196

TABLE 155         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET FOR OTHERS, BY COUNTRY, 2024–2029 (USD MILLION) 197

TABLE 156         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET FOR GOVERNMENT BODIES, BY COUNTRY, 2020–2023 (USD MILLION)  197

TABLE 157         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET FOR GOVERNMENT BODIES, BY COUNTRY, 2024–2029 (USD MILLION)  197

TABLE 158         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET FOR CLOUD SERVICE PROVIDERS, BY COUNTRY, 2020–2023 (USD MILLION)              198

TABLE 159         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET FOR CLOUD SERVICE PROVIDERS, BY COUNTRY, 2024–2029 (USD MILLION)              198

TABLE 160         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET FOR TELECOM COMPANIES, BY COUNTRY, 2020–2023 (USD MILLION)   198

TABLE 161         ASIA PACIFIC: NEXT-GENERATION DATA STORAGE MARKET FOR TELECOM COMPANIES, BY COUNTRY, 2024–2029 (USD MILLION)   199

11.4.2    CHINA  199

11.4.2.1 Rising modernization of manufacturing sector to drive market   199

11.4.3    JAPAN  200

11.4.3.1 Thriving automotive and manufacturing sectors to drive market 200

11.4.4    INDIA   201

11.4.4.1 Adoption of big data, IoT, and other digital and virtualized platforms to accelerate market   201

11.4.5    SOUTH KOREA 202

11.4.5.1 Increasing investments in expansion of regional data center facilities to boost demand 202

11.4.6    REST OF ASIA PACIFIC  202

11.5       ROW     203

11.5.1    IMPACT OF RECESSION ON NEXT-GENERATION DATA STORAGE MARKET IN ROW            203

FIGURE 57         MIDDLE EAST TO DOMINATE MARKET IN 2024 204

TABLE 162         ROW: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION)       204

TABLE 163         ROW: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2024–2029 (USD MILLION)       204

TABLE 164         ROW: NEXT-GENERATION DATA STORAGE MARKET, BY END USER, 2020–2023 (USD MILLION)             205

TABLE 165         ROW: NEXT-GENERATION DATA STORAGE MARKET, BY END USER, 2024–2029 (USD MILLION)             205

TABLE 166         ROW: NEXT-GENERATION DATA STORAGE MARKET FOR ENTERPRISES, BY REGION, 2020–2023 (USD MILLION)    205

TABLE 167         ROW: NEXT-GENERATION DATA STORAGE MARKET FOR ENTERPRISES, BY REGION, 2024–2029 (USD MILLION)    205

TABLE 168         ROW: NEXT-GENERATION DATA STORAGE MARKET FOR BFSI, BY REGION, 2020–2023 (USD MILLION)  206

TABLE 169         ROW: NEXT-GENERATION DATA STORAGE MARKET FOR BFSI, BY REGION, 2024–2029 (USD MILLION)  206

TABLE 170         ROW: NEXT-GENERATION DATA STORAGE MARKET FOR MANUFACTURING, BY REGION, 2020–2023 (USD MILLION)         206

TABLE 171         ROW: NEXT-GENERATION DATA STORAGE MARKET FOR MANUFACTURING, BY REGION, 2024–2029 (USD MILLION)         206

TABLE 172         ROW: NEXT-GENERATION DATA STORAGE MARKET FOR CONSUMER GOODS & RETAIL, BY REGION, 2020–2023 (USD MILLION)   207

TABLE 173         ROW: NEXT-GENERATION DATA STORAGE MARKET FOR CONSUMER GOODS & RETAIL, BY REGION, 2024–2029 (USD MILLION)   207

TABLE 174         ROW: NEXT-GENERATION DATA STORAGE MARKET FOR HEALTHCARE & LIFE SCIENCES, BY REGION, 2020–2023 (USD MILLION) 207

TABLE 175         ROW: NEXT-GENERATION DATA STORAGE MARKET FOR HEALTHCARE & LIFE SCIENCES, BY REGION, 2024–2029 (USD MILLION) 207

TABLE 176         ROW: NEXT-GENERATION DATA STORAGE MARKET FOR MEDIA & ENTERTAINMENT, BY REGION, 2020–2023 (USD MILLION)       208

TABLE 177         ROW: NEXT-GENERATION DATA STORAGE MARKET FOR MEDIA & ENTERTAINMENT, BY REGION, 2024–2029 (USD MILLION)       208

TABLE 178         ROW: NEXT-GENERATION DATA STORAGE MARKET FOR OTHERS, BY REGION, 2020–2023 (USD MILLION)             208

TABLE 179         ROW: NEXT-GENERATION DATA STORAGE MARKET FOR OTHERS, BY REGION, 2024–2029 (USD MILLION)             208

TABLE 180         ROW: NEXT-GENERATION DATA STORAGE MARKET FOR GOVERNMENT BODIES, BY REGION, 2020–2023 (USD MILLION) 209

TABLE 181         ROW: NEXT-GENERATION DATA STORAGE MARKET FOR GOVERNMENT BODIES, BY REGION, 2024–2029 (USD MILLION) 209

TABLE 182         ROW: NEXT-GENERATION DATA STORAGE MARKET FOR CLOUD SERVICE PROVIDERS, BY REGION, 2020–2023 (USD MILLION)     209

TABLE 183         ROW: NEXT-GENERATION DATA STORAGE MARKET FOR CLOUD SERVICE PROVIDERS, BY REGION, 2024–2029 (USD MILLION)     209

TABLE 184         ROW: NEXT-GENERATION DATA STORAGE MARKET FOR TELECOM COMPANIES, BY REGION, 2020–2023 (USD MILLION) 210

TABLE 185         ROW: NEXT-GENERATION DATA STORAGE MARKET FOR TELECOM COMPANIES, BY REGION, 2024–2029 (USD MILLION) 210

11.5.2    MIDDLE EAST  210

11.5.2.1 Growing adoption of e-government services and smart city initiatives to drive market   210

TABLE 186         MIDDLE EAST: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2020–2023 (USD MILLION)  211

TABLE 187         MIDDLE EAST: NEXT-GENERATION DATA STORAGE MARKET, BY REGION, 2024–2029 (USD MILLION)  211

11.5.2.2 GCC Countries    211

11.5.2.2.1            Proliferation of e-commerce platforms to boost demand            211

11.5.2.3 Rest of Middle East            212

11.5.3    AFRICA 212

11.5.3.1 Rapid data center expansion driven by digital transformation to fuel market growth              212

11.5.4    SOUTH AMERICA           213

11.5.4.1 Growing demand in telecommunications industry and BFSI and healthcare sectors to drive demand   213

12          COMPETITIVE LANDSCAPE       214

12.1       OVERVIEW        214

12.2       KEY PLAYER STRATEGIES/RIGHT TO WIN, 2019–2024     214

TABLE 188         NEXT-GENERATION DATA STORAGE MARKET: KEY PLAYER STRATEGIES/RIGHT TO WIN, 2019–2024 214

12.3       REVENUE ANALYSIS, 2019–2023 217

FIGURE 58         REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023 (USD MILLION)          217

12.4       MARKET SHARE ANALYSIS, 2023             218

FIGURE 59         MARKET SHARE ANALYSIS, 2023             218

TABLE 189         NEXT-GENERATION DATA STORAGE MARKET: DEGREE OF COMPETITION, 2023     218

12.5       COMPANY VALUATION AND FINANCIAL METRICS        220

FIGURE 60         COMPANY VALUATION, 2024 (USD BILLION)     220

FIGURE 61         FINANCIAL METRICS (EV/EBITDA)        221

12.6       BRAND/PRODUCT COMPARISON          221

FIGURE 62         BRAND/PRODUCT COMPARISON          221

12.7       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   222

12.7.1    STARS  222

12.7.2    EMERGING LEADERS    222

12.7.3    PERVASIVE PLAYERS     222

12.7.4    PARTICIPANTS 222

FIGURE 63         NEXT-GENERATION DATA STORAGE MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023      223

12.7.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      224

12.7.5.1 Company footprint            224

FIGURE 64         NEXT-GENERATION DATA STORAGE MARKET: COMPANY FOOTPRINT      224

12.7.5.2 Storage system footprint    225

TABLE 190         NEXT-GENERATION DATA STORAGE MARKET: STORAGE SYSTEM FOOTPRINT    225

12.7.5.3 Storage medium footprint  226

TABLE 191         NEXT-GENERATION DATA STORAGE MARKET: STORAGE MEDIUM FOOTPRINT   226

12.7.5.4 Storage architecture footprint          227

TABLE 192         NEXT-GENERATION DATA STORAGE MARKET: STORAGE ARCHITECTURE FOOTPRINT    227

12.7.5.5 End user footprint             228

TABLE 193         NEXT-GENERATION DATA STORAGE MARKET: END USER FOOTPRINT      228

12.7.5.6 Deployment footprint        229

TABLE 194         NEXT-GENERATION DATA STORAGE MARKET: DEPLOYMENT FOOTPRINT      229

12.7.5.7 Region footprint  230

TABLE 195         NEXT-GENERATION DATA STORAGE MARKET: REGION FOOTPRINT      230

12.8       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          231

12.8.1    PROGRESSIVE COMPANIES       231

12.8.2    RESPONSIVE COMPANIES          231

12.8.3    DYNAMIC COMPANIES 231

12.8.4    STARTING BLOCKS       231

FIGURE 65         NEXT-GENERATION DATA STORAGE MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 232

12.8.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023             233

12.8.5.1 List of key startups/SMEs  233

TABLE 196         NEXT-GENERATION DATA STORAGE MARKET: DETAILED LIST OF KEY STARTUPS/SMES  233

12.8.5.2 Competitive benchmarking of key startups/SMEs        234

TABLE 197         NEXT-GENERATION DATA STORAGE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY END USER          234

TABLE 198         NEXT-GENERATION DATA STORAGE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY REGION 234

TABLE 199         NEXT-GENERATION DATA STORAGE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY STORAGE SYSTEM          235

12.9       COMPETITIVE SCENARIOS AND TRENDS           235

12.9.1    PRODUCT LAUNCHES  235

TABLE 200         NEXT-GENERATION DATA STORAGE MARKET: PRODUCT LAUNCHES, OCTOBER 2019–APRIL 2024 236

12.9.2    DEALS  248

TABLE 201         NEXT-GENERATION DATA STORAGE MARKET: DEALS, OCTOBER 2019–APRIL 2024        248

13          COMPANY PROFILES    259

(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*

13.1       KEY PLAYERS   259

13.1.1    DELL INC.          259

TABLE 202         DELL INC.: COMPANY OVERVIEW          259

FIGURE 66         DELL INC.: COMPANY SNAPSHOT          260

TABLE 203         DELL INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED              260

TABLE 204         DELL INC.: PRODUCT LAUNCHES          266

TABLE 205         DELL INC.: DEALS          268

TABLE 206         DELL INC.: OTHERS       269

13.1.2    HEWLETT PACKARD ENTERPRISE COMPANY    271

TABLE 207         HPE: COMPANY OVERVIEW       271

FIGURE 67         HPE: COMPANY SNAPSHOT      272

TABLE 208         HPE: PRODUCTS/SERVICES/SOLUTIONS OFFERED        272

TABLE 209         HPE: PRODUCT LAUNCHES       274

TABLE 210         HPE: DEALS      275

13.1.3    NETAPP             277

TABLE 211         NETAPP: COMPANY OVERVIEW 277

FIGURE 68         NETAPP: COMPANY SNAPSHOT             278

TABLE 212         NETAPP: PRODUCTS/SERVICES/SOLUTIONS OFFERED 278

TABLE 213         NETAPP: PRODUCT LAUNCHES             283

TABLE 214         NETAPP: DEALS             284

13.1.4    HUAWEI TECHNOLOGIES CO., LTD.      288

TABLE 215         HUAWEI TECHNOLOGIES CO., LTD.: COMPANY OVERVIEW              288

FIGURE 69         HUAWEI TECHNOLOGIES CO., LTD.: COMPANY SNAPSHOT              289

TABLE 216         HUAWEI TECHNOLOGIES CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED   289

TABLE 217         HUAWEI TECHNOLOGIES CO., LTD.: PRODUCT LAUNCHES              295

13.1.5    PURE STORAGE, INC.    298

TABLE 218         PURE STORAGE, INC.: COMPANY OVERVIEW     298

FIGURE 70         PURE STORAGE, INC.: COMPANY SNAPSHOT    299

TABLE 219         PURE STORAGE, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED          299

TABLE 220         PURE STORAGE, INC.: PRODUCT LAUNCHES     303

TABLE 221         PURE STORAGE, INC.: DEALS    304

TABLE 222         PURE STORAGE, INC.: EXPANSIONS       305

13.1.6    HITACHI, LTD. 307

TABLE 223         HITACHI, LTD.: COMPANY OVERVIEW  307

FIGURE 71         HITACHI, LTD.: COMPANY SNAPSHOT 308

TABLE 224         HITACHI, LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED              308

TABLE 225         HITACHI, LTD.: PRODUCT LAUNCHES  310

TABLE 226         HITACHI, LTD.: DEALS 311

13.1.7    FUJITSU             313

TABLE 227         FUJITSU: COMPANY OVERVIEW 313

FIGURE 72         FUJITSU: COMPANY SNAPSHOT             314

TABLE 228         FUJITSU: PRODUCTS/SERVICES/SOLUTIONS OFFERED 314

TABLE 229         FUJITSU: PRODUCT LAUNCHES             316

TABLE 230         FUJITSU: DEALS             317

13.1.8    IBM CORP.         318

TABLE 231         IBM CORP.: COMPANY OVERVIEW         318

FIGURE 73         IBM CORP.: COMPANY SNAPSHOT         319

TABLE 232         IBM CORP.: PRODUCTS/SERVICES/SOLUTIONS OFFERED              319

TABLE 233         IBM CORP.: PRODUCT LAUNCHES         321

TABLE 234         IBM CORP.: DEALS         322

13.1.9    DATADIRECT NETWORKS         324

TABLE 235         DDN: COMPANY OVERVIEW      324

TABLE 236         DDN: PRODUCTS/SERVICES/SOLUTIONS OFFERED       324

TABLE 237         DDN: PRODUCT LAUNCHES     326

TABLE 238         DDN: DEALS     327

13.1.10  MICRON TECHNOLOGY, INC.    329

TABLE 239         MICRON TECHNOLOGY, INC.: COMPANY OVERVIEW    329

FIGURE 74         MICRON TECHNOLOGY, INC.: COMPANY SNAPSHOT    330

TABLE 240         MICRON TECHNOLOGY, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED   330

TABLE 241         MICRON TECHNOLOGY, INC.: PRODUCT LAUNCHES    331

TABLE 242         MICRON TECHNOLOGY, INC.: DEALS    334

13.2       OTHER PLAYERS           335

13.2.1    CLOUDIAN        335

13.2.2    INFORTREND TECHNOLOGY INC.         336

13.2.3    QUANTUM CORP.          337

13.2.4    WESTERN DIGITAL CORP.         338

13.2.5    SAMSUNG ELECTRONICS CO., LTD.       339

13.2.6    NUTANIX           340

13.2.7    SEAGATE TECHNOLOGY LLC   341

13.2.8    SCALITY            342

13.2.9    NETGEAR, INC. 343

13.2.10  INSPUR GROUP 344

13.2.11  SK HYNIX           345

13.2.12  LUCIDLINK       346

13.2.13  DATACORE       347

13.2.14  KIOXIA HOLDINGS CORP.          348

13.2.15  INFINIDAT        348

*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

14          APPENDIX         349

14.1       DISCUSSION GUIDE      349

14.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             353

14.3       CUSTOMIZATION OPTIONS      355

14.4       RELATED REPORTS       355

14.5       AUTHOR DETAILS         356