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Next generation storage devices market was valued at $43 billion in 2015, and is expected to reach $141 billion by 2022.
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Next Generation Storage Devices Market GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST 2015- 2023 KNOW MORE
CURRENT AND FUTURE MARKET SCENARIO • Next generation storage devices market was valued at $43 billion in 2015. • The global next generation storage devices market forecast is projected to reach $141 billion by 2022. • The global next generation storage devices marketregistering a CAGR of 23.19%from 2018 to 2025. • The cloud-based storage segment dominated the global next generation storage devices industry in 2014, with around 38% share. • The BFSI and IT & telecommunication segments collectively accounted for around 35% share of the total market revenue in 2014.
FACTORS CONTRIBUTING TO MARKET GROWTH • Increase in need to store ever growing digital data • Rise in number of smartphone, laptop, and tablet users • High Internet penetration For more detail: Click Here
Next Generation Storage Devices Market Segmentation • 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
IT & telecommunication generated the highest revenue in 2014, while the government sector is estimated to grow at the highest growth rate of 18.1%. The software-defined storage segment is expected to grow at the second highest growth rate of 17.7%.
GEOGRAPHICAL OVERVIEW • Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. • By region, Asia-Pacific is anticipated to exhibit substantial growth during the forecast period. • In 2014, North America was the dominant region, while Europe is projected to grow at the highest CAGR, with rest of Europe market being the major contributor.
LEADING MARKET PLAYERS • Dell, Inc. • HPE Company • Hitachi Ltd. • IBM Corporation • NetApp, Inc. • Nutanix, Inc. • Oracle StorageTek • Pure Storage, Inc. • Tintri, Inc. • Toshiba Corp.
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