Europe Next Generation Storage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Europe Next Generation Storage Industry Overview

There is intense competition with several providers of Next Generation Storage. The major players include Hitachi, IBM, Dell, Toshiba, Hewett Packard, Netgear, and the list continues. Due to high competency, the market concentration will be low. To keep the competition on, manufacturers enhance products with technologies and invest in mergers and acquisitions to broaden their geographic reach.

• May 2022 - NetApp and Kyndryl partnered to accelerate customers' digital transformation through cloud and edge computing environments. The companies want to assist businesses in getting more value out of their data by co-designing cutting-edge storage infrastructure-as-a-service solutions that would give clients more adaptability, value, and flexibility when using unstructured data.
• March 2022 - Rakuten Europe Bank collaborated with the banking software company Temenos to provide solutions on Temenos Banking Cloud. Through this partnership, the bank will gain knowledge about customer experience, speed up the development of new products, and enter new markets. Earlier created, Temenos Financial Services for Payments and Accounts will be included in this.
• February 2022 - Credit Europe Bank (CEB) adopted to Red Hat OpenShift application to shift from its Java-based legacy approach. This application will help to process customer requests faster. Customers will not have to visit a branch for account opening, and everything will be handled through this platform.