The Next-Generation Data Storage Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Next-Generation Data Storage Market?
The market size of next-generation data storage has seen robust growth in the past years. It is projected to increase from $87.37 billion in 2024 to $95.5 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Next-Generation Data Storage Industry?
The Next-Generation Data Storage Global Market is projected to reach a market size of $157.34 billion in 2029, with a compound annual growth rate (CAGR) of 13.3%.
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What are the Key Growth Drivers Fueling the Next-Generation Data Storage Market?
The key drivers in the next-generation data storage market are:
• Expansion of edge computing
• Focus on energy-efficient storage solutions
• Development in quantum computing
• The need for data compliance and privacy regulations and enhanced security measures
Global Market Segmentation: Identifying Major Next-Generation Data Storage Industry Segments
The next-generation data storage market covered in this report is segmented –
1) By ????: Direct Attached Storage (DAS), Network Attached Storage (NAS), Storage Area Network (SAN), Other Types
2) By Technology: Magnetic Storage, Hybrid Flash Array, Solid State Drive (SSD)
3) By Architecture: File-Based, Object-Based, Block Storage
4) By Deployment: On Premise, Cloud
5) By Industrial Vertical: BFSI, Government, Retail, IT And Telecommunication, Manufacturing, Healthcare, Education, Media And Entertainment
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What are the Emerging Trends Shaping the Future of the Next-Generation Data Storage Market?
The key trends in the next-generation data storage market are:
• The adoption of non-volatile memory (NVM) technologies is a key upcoming trend in next-generation data storage.
• There are major advancements occurring with solid-state drives (SSDs).
• The deployment of storage virtualization is becoming a popular trend.
• The integration of artificial intelligence (AI) in storage management and the use of hybrid and multi-cloud storage solutions are progressive trends.
Who Are the Top Competitors & Leading Players in the Next-Generation Data Storage Market?
The major players in the next-generation data storage market are:
• Samsung Electronics Co
Regional Dominance: Which Area Leads the Global Next-Generation Data Storage Market?
North America was the largest region in the next-generation data storage market in 2024
