How big is the Next-generation Storage Market?

The Next-generation Storage Market size is expected to reach USD 66.67 billion in 2024 and grow at a CAGR of 7.37% to reach USD 95.13 billion by 2029. Read More

What is the current Next-generation Storage Market size?

In 2024, the Next-generation Storage Market size is expected to reach USD 66.67 billion. Read More

Who are the key players in Next-generation Storage Market?

Dell Inc., Hewlett Packard Enterprise Company, NetApp Inc., Hitachi Ltd and IBM Corporation are the major companies operating in the Next-generation Storage Market. Read More

Which is the fastest growing region in Next-generation Storage Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Next-generation Storage Market?

In 2024, the North America accounts for the largest market share in Next-generation Storage Market. Read More

What years does this Next-generation Storage Market cover, and what was the market size in 2023?

In 2023, the Next-generation Storage Market size was estimated at USD 61.76 billion. The report covers the Next-generation Storage Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Next-generation Storage Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Next-generation Storage Market Size & Share Analysis - Industry Research Report

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

The Next-Generation Storage Market is Segmented by Storage System (Direct Attached Storage (DAS), Network Attached Storage (NAS), Storage Area Network (SAN)), Storage Architecture (File and Object-Based Storage (FOBS), Block Storage), End User Industry (BFSI, Retail, It and Telecom, Healthcare, Media and Entertainment), And Geography. The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

Next-generation Storage Industry Overview

The next-generation storage market is semi-consolidated and consists of some major players. In terms of market share, few of the key players currently dominate the market. However, with innovation in memory packaging technology, many companies are increasing their market presence across untapped new markets of emerging economies.

May 2023 - NetApp announced a new modern block storage offering and a guarantee highlighting NetApp's best-in-class ability to recover from ransomware attacks. Through this launch, the company aims to address critical customer challenges, including restricted IT budgets, increasing IT complexity, increased urgency around sustainability, and the continued exponential growth of cyber threats.
April 2023 - Pure Storage Inc. announced introducing a next-generation unified block and file storage service. This new storage service provides access to native block and file services from a single, global pool of resources. A unified storage architecture supports block and file storage formats, allowing organizations to store and view data in various ways.