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Next Generation Storage Devices Market by Storage Technology(Magnetic Storage, Solid-state Storage, Cloud-based Storage, Hybrid Array), Storage System(Network-attached Storage, Direct-attached Storage, Cloud Storage, Unified Storage, Storage Area Network, Software-defined Storage), Industry Vertical(BFSI, Retail, IT & Telecommunication, Healthcare, Government, Education, Media & Entertainment) - Global Opportunity Analysis and Industry Forecast, 2014-2022

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Pages: 180
Apr 2017 | 2633 Views
 
Author's : Kalyani Sonawane
Tables: 50
Charts: 68
 

Next Generation Storage Devices Market Overview:

Next Generation Storage Devices Market was valued at $43 billion in 2015, and is expected to reach $141 billion by 2022. Next Generation Storage Technology is a state-of-the-art technology that caters to the growing need for improved data storage and management across various industry verticals, including banking, financial services, insurance (BFSI); retail; IT & telecommunication; government; healthcare; manufacturing; and others. Reduction in prices of solid-state drives, higher functionality, other cost-effective benefits of the solid-state technology, and longer life span of the storage devices are anticipated to boost the growth for the next generation storage devices market. Further, cloud storage is gaining significant recognition among world enterprises, owing to its low cost of deployment and easy availability. In addition, cloud offers complete ownership of the storage space and can be accessed from remote places.

Opportunities

Next Generation Storage Devices Market Opportunities

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Growth in Adoption of Solid-State Drives and Cloud Storage

Solid-state drive is an emerging technology that uses electronic chips to store digital data rather than on magnetized materials. It offers numerous advantages over conventional storage devices such as high operational speed, low noise & heat production, less turnaround time, and longer lifespan.

Segmentation

Storage Technology

In the component segment, cloud-based storage segment is expected to grow at a considerable growth rate during the forecast period. Cloud storage stores the data on remote servers, which can be accessed via the internet or cloud. It is maintained, operated, and managed by the cloud storage service providers on virtually built storage servers.

Storage System

Among storage systems, cloud storage segment dominated the next generation storage devices market, and is anticipated to continue its dominance throughout the period, owing to lower costs and easy availability of cloud storage. In cloud storage, digital data is stored in an off-site storage system or a remote server maintained by a third party, and is accessible via the internet.

Over the past few years, cloud storage has gained significant adoption worldwide owing to its cost-effective benefits as compared to conventional storage systems. Cloud storage offers access to the stored data from any location, thus eliminating data portability issues.

Industry Vertical

BFSI

The BFSI segment dominated the global next generation storage devices market, and is expected to continue its dominance. North America and Europe collectively accounted for about 63.0% of the global next generation storage devices industry in BFSI in 2015, with the former constituting around 35.6%.

Increase in the number of smartphones for online transactions, rise in e-commerce activities, growth in national and international trade, and increased need to store large amount of data have fueled the growth of next generation storage devices in the BFSI sector. Further, installation of on-premise deployment and rise in adoption of private and hybrid cloud are anticipated to drive growth of this segment in future.

The government sector is expected to grow at the highest CAGR during the forecast period in the global next generation storage devices market. The public sector is in need to deliver better services within the allocated budget and with improved quality, hence organizations are focusing on the evolving cloud technology, which can be beneficial in numerous ways at lower costs. Collaboration applications such as web conferencing and emails are the top applications for cloud-based deployments in public sector organizations. In addition, next generation storage devices offer better administration of data, higher productivity, and improved project management and improved content management in the public sector.

Geography

The North American next generation storage device market is expected to show significant growth in the near future, owing to the high adoption of technology and presence of already established infrastructure. As per Forbes magazine, North America accounted for around 43% of total share in cloud adoption in 2014. Further, in the adoption of SaaS platform, North America contributed around 61% of total share in 2014, and is anticipated to grow at a significant rate of around 10-12% during the analysis period. In addition, 48% of total smartphone users in the world are from this region. These factors are key contributors to the growth of the next generation devices market in North America. The Asia-Pacific next generation storage devices market is expected to grow at a significant rate, owing to vast increase in the number of smartphone users. Another contributing factor includes proliferation of low-cost smartphones and tablets, which offers increased potential for the adoption of next generation storage devices. Furthermore, key vendors are investing in this region to capture the untapped market potential. For instance, Google, Inc. established its first data center in Singapore and Taiwan in 2013, while Amazon Web Services has built its data centers in Tokyo (Japan), Singapore, and Sydney (Australia).

Next Generation Storage Devices Market Key Segments

By Storage Technology

  • Magnetic Storage
  • Solid-state Storage
  • Cloud-based Storage
  • Hybrid Array

By Storage System

  • Network-attached Storage
  • Direct-attached Storage
  • Cloud Storage
  • Unified Storage
  • Storage Area Network
  • Software-defined Storage

By Industry Vertical

  • BFSI
  • Retail
  • IT & Telecommunication
  • Healthcare
  • Government
  • Education
  • Media & Entertainment
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • Dell, Inc.
  • HPE Company
  • Hitachi Ltd.
  • IBM Corporation
  • NetApp, Inc.
  • Nutanix, Inc.
  • Oracle StorageTek
  • Pure Storage, Inc.
  • Tintri, Inc.
  • Toshiba Corp.

Other key players operating in the global next generation storage devices industry include Carbonite, NetApp, SugarSync, Dropbox, Inc., JustCloud.com, Norton, SpiderOak, OpenDrive, ADrive, Reduxio, AMI StorTrends, Tegile Systems, IDrive, Inc., and Microsoft Corporation.

 

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
1.4.4. Market segmentation

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top winning strategies
3.2.2. Top investment pockets

3.3. PORTER’S FIVE FORCES ANALYSIS

3.3.1. Moderate bargaining power of buyers due to high switching costs and availability of alternative choices
3.3.2. High bargaining power of suppliers due to high product differentiation and high switching costs for the buyers
3.3.3. High degree of competition due to presence of large number of players
3.3.4. Moderate threat of new entrants due to high initial investments and continuous innovation
3.3.5. High threat of internal substitute due to rapidly evolving storage technology
3.3.6. Market share analysis, 2015

3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Increase in need to store ever growing digital data
3.4.1.2. Rise in number of smartphone, laptop, and tablet users
3.4.1.3. High Internet penetration

3.4.2. Restraints

3.4.2.1. Lack of security provisions in server-based and cloud services
3.4.2.2. High investments in technological development

3.4.3. Opportunities

3.4.3.1. Growing adoption of solid-state drives and cloud storage
3.4.3.2. Increase in need for better data management systems

3.4.4. Top impacting factors

Chapter: 4 NEXT GENERATION STORAGE DEVICES MARKET, BY STORAGE TECHNOLOGY

4.1. MARKET OVERVIEW
4.2. MAGNETIC STORAGE

4.2.1. Key market trends
4.2.2. Hard disk drive

4.2.2.1. Key growth factors and opportunities

4.2.3. Others (RAM, magnetic stripe cards, magnetic tape, floppy disks)

4.2.3.1. Key growth factors and opportunities

4.2.4. Market size and forecast

4.3. SOLID STATE STORAGE

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

4.4. CLOUD-BASED STORAGE

4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast

4.5. HYBRID ARRAY

4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast

Chapter: 5 NEXT GENERATION STORAGE DEVICES MARKET, BY STORAGE SYSTEM

5.1. OVERVIEW
5.2. NETWORK-ATTACHED STORAGE

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. DIRECT-ATTACHED STORAGE

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

5.4. CLOUD STORAGE

5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast

5.5. UNIFIED STORAGE

5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast

5.6. STORAGE AREA NETWORK

5.6.1. Key market trends
5.6.2. Key growth factors and opportunities
5.6.3. Market size and forecast

5.7. SOFTWARE-DEFINED STORAGE

5.7.1. Key market trends
5.7.2. Key growth factors and opportunities
5.7.3. Market size and forecast

Chapter: 6 NEXT GENERATION STORAGE DEVICES MARKET, BY INDUSTRY VERTICAL

6.1. OVERVIEW
6.2. BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast

6.3. RETAIL

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast

6.4. IT & TELECOMMUNICATION

6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast

6.5. HEALTHCARE

6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast

6.6. GOVERNMENT

6.6.1. Key market trends
6.6.2. Key growth factors and opportunities
6.6.3. Market size and forecast

6.7. EDUCATION

6.7.1. Key market trends
6.7.2. Key growth factors and opportunities
6.7.3. Market size and forecast

6.8. MEDIA & ENTERTAINMENT

6.8.1. Key market trends
6.8.2. Key growth factors and opportunities
6.8.3. Market size and forecast

6.9. OTHERS (CORPORATES, AEROSPACE, MANUFACTURING, ENERGY & UTILITIES)

6.9.1. Key market trends
6.9.2. Key growth factors and opportunities
6.9.3. Market size and forecast

Chapter: 7 NEXT GENERATION STORAGE DEVICES MARKET, BY GEOGRAPHY

7.1. OVERVIEW
7.2. NORTH AMERICA

7.2.1. Key trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast, by storage technology
7.2.4. Market size and forecast, by storage system
7.2.5. Market size and forecast, by industry vertical
7.2.6. Market size and forecast, by country
7.2.7. U.S.

7.2.7.1. Market size and forecast

7.2.8. Canada

7.2.8.1. Market size and forecast

7.2.9. Mexico

7.2.9.1. Market size and forecast

7.3. EUROPE

7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast, by storage technology
7.3.4. Market size and forecast, by storage system
7.3.5. Market size and forecast, by storage industry vertical
7.3.6. Market size and forecast, by country
7.3.7. UK

7.3.7.1. Market size and forecast

7.3.8. Germany

7.3.8.1. Market size and forecast

7.3.9. France

7.3.9.1. Market size and forecast

7.3.10. Italy

7.3.10.1. Market size and forecast

7.3.11. Russia

7.3.11.1. Market size and forecast

7.3.12. Rest of Europe

7.3.12.1. Market size and forecast

7.4. ASIA-PACIFIC

7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast, by storage technology
7.4.4. Market size and forecast, by storage system
7.4.5. Market size and forecast, by industry vertical
7.4.6. Market size and forecast, by country
7.4.7. China

7.4.7.1. Market size and forecast

7.4.8. India

7.4.8.1. Market size and forecast

7.4.9. Japan

7.4.9.1. Market size and forecast

7.4.10. Australia

7.4.10.1. Market size and forecast

7.4.11. Rest of Asia-Pacific

7.4.11.1. Market size and forecast

7.5. LAMEA

7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast, by storage technology
7.5.4. Market size and forecast, by storage system
7.5.5. Market size and forecast, by industry vertical
7.5.6. Market size and forecast, by country
7.5.7. Latin America

7.5.7.1. Market size and forecast

7.5.8. Middle East

7.5.8.1. Market size and forecast

7.5.9. Africa

7.5.9.1. Market size and forecast

Chapter: 8 COMPANY PROFILES

8.1. DELL, INC.

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Business performance
8.1.4. Key strategic moves & developments

8.2. HEWLETT PACKARD ENTERPRISE (HPE)

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Business performance
8.2.4. Key strategic moves & developments

8.3. HITACHI LTD.

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Business performance
8.3.4. Key strategic moves & developments

8.4. INETRANTIONAL BUSINESS MACHINE CORPORATION

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Business performance
8.4.4. Key strategic moves & developments

8.5. NETAPP, INC.

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Business performance
8.5.4. Key strategic moves & developments

8.6. NUTANIX, INC.

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Business performance
8.6.4. Key strategic moves & developments

8.7. ORACLE STORAGETEK (STORAGE TECHNOLOGY CORPORATION)

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Business performance
8.7.4. Key strategic moves & developments

8.8. PURE STORAGE, INC.

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Business performance
8.8.4. Key strategic moves & developments

8.9. TINTRI, INC.

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Business performance
8.9.4. Key strategic moves & developments

8.10. TOSHIBA CORPORATION

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Business performance
8.10.4. Key strategic moves & developments

LIST OF TABLES

TABLE 1. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET BY STORAGE TECHNOLOGY, 2014-2022 ($MILLION)
TABLE 2. GLOBAL NEXT GENERATION MAGNETIC STORAGE DEVICES MARKET BY REGION, 2014-2022 ($MILLION)
TABLE 3. GLOBAL NEXT GENERATION MAGNETIC STORAGE DEVICES MARKET BY TYPE, 2014-2022 ($MILLION)
TABLE 4. COMPARISION BETWEEN SSD AND HDD
TABLE 5. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: SOLID STATE STORAGE BY REGION, 2014-2022 ($MILLION)
TABLE 6. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: CLOUD-BASED STORAGE BY REGION, 2014-2022 ($MILLION)
TABLE 7. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: HYBRID ARRAY BY REGION, 2014-2022 ($MILLION)
TABLE 8. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET BY STORAGE SYSTEM, 2014-2022 ($MILLION)
TABLE 9. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: NETWORK-ATTACHED STORAGE BY REGION, 2014-2022 ($MILLION)
TABLE 10. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: DIRECT-ATTACHED STORAGE BY REGION, 2014-2022 ($MILLION)
TABLE 11. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: CLOUD STORAGE BY REGION, 2014-2022 ($MILLION)
TABLE 12. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: UNIFIED STORAGE BY REGION, 2014-2022 ($MILLION)
TABLE 13. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: STORAGE AREA NETWORK BY REGION, 2014-2022 ($MILLION)
TABLE 14. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: SOFTWARE-DEFINED STORAGE BY REGION, 2014-2022 ($MILLION)
TABLE 15. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 16. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: BFSI BY REGION, 2014-2022 ($MILLION)
TABLE 17. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: RETAIL BY REGION, 2014-2022 ($MILLION)
TABLE 18. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: IT & TELECOMMUNICATION BY REGION, 2014-2022 ($MILLION)
TABLE 19. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: HEALTHCARE BY REGION, 2014-2022 ($MILLION)
TABLE 20. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: GOVERNMENT BY REGION, 2014-2022 ($MILLION)
TABLE 21. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: EDUCATION BY REGION, 2014-2022 ($MILLION)
TABLE 22. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: MEDIA & ENTERTAINMENT BY REGION, 2014-2022 ($MILLION)
TABLE 23. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: OTHERS BY REGION, 2014-2022 ($MILLION)
TABLE 24. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 25. NORTH AMERICA NEXT GENERATION STORAGE DEVICES MARKET BY STORAGE TECHNOLOGY, 2014-2022 ($MILLION)
TABLE 26. NORTH AMERICA NEXT GENERATION STORAGE DEVICES MARKET BY STORAGE SYSTEM, 2014-2022 ($MILLION)
TABLE 27. NORTH AMERICA NEXT GENERATIO STORAGE DEVICES MARKET BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 28. NORTH AMERICA NEXT GENERATION STORAGE DEVICES MARKET BY COUNTRY, 2014-2022 ($MILLION)
TABLE 29. EUROPE NEXT GENERATION STORAGE DEVICES MARKET BY STORAGE TECHNOLOGY, 2014-2022 ($MILLION)
TABLE 30. EUROPE NEXT GENERATION STORAGE DEVICES MARKET BY STORAGE SYSTEM, 2014-2022 ($MILLION)
TABLE 31. EUROPE NEXT GENERATION STORAGE DEVICES MARKET BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 32. EUROPE NEXT GENERATION STORAGE DEVICES MARKET BY COUNTRY, 2014-2022 ($MILLION)
TABLE 33. ASIA-PACIFIC NEXT GENERATION STORAGE DEVICES MARKET BY STORAGE TECHNOLOGY, 2014-2022 ($MILLION)
TABLE 34. ASIA-PACIFIC NEXT GENERATION STORAGE DEVICES MARKET BY STORAGE SYSTEM, 2014-2022 ($MILLION)
TABLE 35. ASIA-PACIFIC NEXT GENERATION STORAGE SYSTEM MARKET BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 36. ASIA-PACIFIC NEXT GENERATION STORAGE DEVICES MARKET BY COUNTRY, 2014-2022 ($MILLION)
TABLE 37. LAMEA NEXT GENERATION STORAGE DEVICES MARKET BY STORAGE TECHNOLOGY, 2014-2022 ($MILLION)
TABLE 38. LAMEA NEXT GENERATION STORAGE DEVICES MARKET BY STORAGE SYSTEM, 2014-2022 ($MILLION)
TABLE 39. LAMEA NEXT GENERATION STORAGE DEVICES MARKET BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 40. LAMEA NEXT GENERATION STORAGE DEVICES MARKET BY COUNTRY, 2014-2022 ($MILLION)
TABLE 41. COMPANY SNAPSHOT: DELL, INC.
TABLE 42. COMPANY SNAPSHOT: HEWLETT PACKARD ENTERPRISE (HPE)
TABLE 43. COMPANY SNAPSHOT: HITACHI LTD.
TABLE 44. COMPANY SNAPSHOT: INTERNATIONAL BUSINESS MACHINE CORPORATION
TABLE 45. COMPANY SNAPSHOT: NETAPP, INC.
TABLE 46. COMPANY SNAPSHOT: NUTANIX, INC.
TABLE 47. COMPANY SNAPSHOT: ORACLE STORAGETEK (STORAGE TECHNOLOGY CORPORATION)
TABLE 48. COMPANY SNAPSHOT: PURE STORAGE, INC.
TABLE 49. COMPANY SNAPSHOT: TINTRI, INC.
TABLE 50. COMPANY SNAPSHOT: TOSHIBA CORPORATION

LIST OF FIGURES

FIGURE 1. MARKET SEGMENTATION: NEXT GENERATION STORAGE DEVICES MARKET
FIGURE 2. TOP WINNING STRATEGIES, 2013-2016 (%)
FIGURE 3. TOP WINNING STRATEGIES, 2013-2016
FIGURE 4. TOP INVESTMENT POCKETS
FIGURE 5. PORTER’S FIVE FORCES ANALYSIS
FIGURE 6. BARGAINING POWER OF BUYERS
FIGURE 7. BARGAINING POWER OF SUPPLIERS
FIGURE 8. DEGREE OF COMPETITION
FIGURE 9. THREAT OF NEW ENTRANTS
FIGURE 10. THREAT OF SUBSTITUTES
FIGURE 11. MARKET SHARE ANALYSIS, 2015 (%)
FIGURE 12. DRIVERS
FIGURE 13. GLOBAL SMARTPHONE SHIPMENT, 2013-2018 ($BILLION)
FIGURE 14. GLOBAL DESKTOP-PCS, LAPTOPS, AND TABLETS SHIPMENT, 2013-2020 ($BILLION)
FIGURE 15. RESTRAINTS
FIGURE 16. OPPORTUNITIES
FIGURE 17. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: MAGNETIC STORAGE, 2014-2022 ($MILLION)
FIGURE 18. GLOBAL HDD SHIPMENT, 2012-2020 (MILLION UNITS)
FIGURE 19. GLOBAL NEXT GENETATION STORAGE DEVICES MARKET: SOLID STATE STORAGE BY REGION, 2014-2022 ($MILLION)
FIGURE 20. GLOBAL SSD SHIPMENT, 2012-2017 (MILLION UNITS)
FIGURE 21. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: CLOUD-BASED STORAGE BY REGION, 2014-2022 ($MILLION)
FIGURE 22. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: HYBRID ARRAY BY REGION, 2014-2022 ($MILLION)
FIGURE 23. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: NETWORK-ATTACHED STORAGE, 2014-2022 ($MILLION)
FIGURE 24. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: DIRECT-ATTACHED STORAGE, 2014-2022 ($MILLION)
FIGURE 25. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: CLOUD STORAGE, 2014-2022 ($MILLION)
FIGURE 26. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: UNIFIED STORAGE, 2014-2022 ($MILLION)
FIGURE 27. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: STORAGE AREA NETWORK, 2014-2022 ($MILLION)
FIGURE 28. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: SOFTWARE-DEFINED STORAGE, 2014-2022 ($MILLION)
FIGURE 29. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: BFSI, 2014-2022 ($MILLION)
FIGURE 30. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: RETAIL, 2014-2022 ($MILLION)
FIGURE 31. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: IT & TELECOMMUNICATION, 2014-2022 ($MILLION)
FIGURE 32. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: HEALTHCARE, 2014-2022 ($MILLION)
FIGURE 33. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: GOVERNMENT, 2014-2022 ($MILLION)
FIGURE 34. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: EDUCATION, 2014-2022 ($MILLION)
FIGURE 35. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: MEDIA & ENTERTAINMENT, 2014-2022 ($MILLION)
FIGURE 36. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET: OTHERS, 2014-2022 ($MILLION)
FIGURE 37. GLOBAL NEXT GENERATION STORAGE DEVICES MARKET BY GEOGRAPHY, MARKET SHARE (2014) AND CAGR (2016-2022, %)
FIGURE 38. NORTH AMERICA NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 39. U.S. NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 40. CANADA NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 41. MEXICO NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 42. EUROPE NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 43. UK NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 44. GERMANY NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 45. FRANCE NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 46. ITALY NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 47. RUSSIA NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 48. REST OF EUROPE NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 49. ASIA-PACIFIC NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 50. CHINA NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 51. INDIA NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 52. JAPAN NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 53. AUSTRALIA NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 54. REST OF ASIA-PACIFIC NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 55. LAMEA NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 56. LATIN AMERICA NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 57. MIDDLE EAST NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 58. AFRICA NEXT GENERATION STORAGE DEVICES MARKET, 2014-2022 ($MILLION)
FIGURE 59. DELL INC.: FINANCIAL PERFORMANCE
FIGURE 60. HEWLETT PACKARD ENTERPRISE (HPE): FINANCIAL PERFORMANCE
FIGURE 61. HITACHI LTD.: FINANCIAL PERFORMANCE
FIGURE 62. INTERNATIONAL BUSINESS MACHINE CORPORATION: FINANCIAL PERFORMANCE
FIGURE 63. NETAPP, INC.: FINANCIAL PERFORMANCE
FIGURE 64. NUTANIX, INC.: FINANCIAL PERFORMANCE
FIGURE 65. ORACLE STORAGETEK (STORAGE TECHNOLOGY CORPORATION): FINANCIAL PERFORMANCE
FIGURE 66. PURE STORAGE, INC.: FINANCIAL PERFORMANCE
FIGURE 67. TINTRI, INC.: FINANCIAL PERFORMANCE
FIGURE 68. TOSHIBA CORPORATION: FINANCIAL PERFORMANCE

 

Next generation storage technology is a state-of-the-art technology catering to the growing need of improved data storage and management across multiple industry verticals. With increase in internet usage, smartphone adoption, and other means of communication, such as social media, there is increased generation of unstructured, giving rise to the need for efficient data handling and storage.

The global next generation storage devices market is expected to reach $141 billion by 2022, attributed to technological advancements, increased smartphone penetration, rise in number of laptop and tablet users, surge in online transactions of banking activities, rise in adoption of cloud-based platform, and growth in need for the large data storage devices with improvised security mechanism & performance. In addition, increase in adoption of solid-state drives & cloud storage systems offers significant growth potential for these storage devices.

The next generation storage devices market is categorized based on storage technology into magnetic storage, solid-state storage, cloud-based storage, and hybrid array. In 2014, the cloud-based storage segment was the highest revenue contributor to the market and is anticipated to witness considerable growth rate during the forecast period, followed by the magnetic storage segment.

Cloud storage system has received widespread acceptance across various verticals, owing to its low costs and easy availability. However, the network-attached storage and software-defined storage are still preferred among organizations, owing to their high security and flexibility of data sharing. The cloud storage segment acquired the largest share in the global next generation storage devices market in 2014, and is anticipated to grow at the highest CAGR during the forecast period.

North America is the dominant region, in terms of revenue owing to adequate infrastructure for the development and adoption of novel technology, followed by Europe and Asia-Pacific. Further, North America possesses major vendors active in the next generation storage devices market. The European market is expected to grow at the highest growth rate owing to rapidly evolving technology and high adoption of cloud storage.

Prominent market players in the next generation storage devices industry have adopted various strategies such as product launches, partnership, promotional activities, and strategic alliances to create more awareness about the technology and increase its adoption across industries.

 

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