A report on the Global Next Generation Data Storage Technology Market has been published by Contrive Datum Insights. The report provides clients with the latest trending insights into the Next Generation Data Storage Technology market. It can be seen that the report includes market value and growth rate, size, production consumption and gross margin, pricing and other influencing factors. Along with this, in the report, you will get detailed information about every distributor, supplier, and retailer in the market. The competitive scenarios of all industry players are mentioned in detail in the report. The pandemic has caused market participants to strategically change their business plans.
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Next generation data storage technology is comprised of advanced data storage products and solutions, in order to deal with increasing file size and a vast amount of unstructured data. Next generation data storage technology allows secure and reliable recovery of data in an efficient manner. It has facilitated scalable storage and handling of the vast amount of unstructured data generated by large enterprises. Furthermore, next generation data storage technology is used in various industry verticals including BFSI, healthcare, retail, etc.
The report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as ABB, EMERSON ELECTRIC, HUAWEI, SCHNEIDER ELECTRIC, EATON, LEGRAND, RITTAL, AEG POWER SOLUTIONS, DELTA ELECTRONICS, GAMATRONIC. Geographically, this market has been segmented into regions such as North America, Latin America, Europe, Asia Pacific and Rest of the World. The study details country-level aspects based on each segment and gives estimates in terms of market size.
North America dominated the next generation data storage technology market in 2018, accounting for nearly 40% revenue share of the global market. This can be attributed to the large amount of unstructured data across multiple verticals and the need for secure and economic data storage solutions. Ease of availability of technologically advanced products such as 3D and molecular storage is likely to further drive the growth prospects of the North American market over the forecast period.
Asia Pacific is expected to witness the fastest growth in the next generation data storage technology market during the forecast period. Rapid increase in the number of laptop and smartphone users, rising disposable income, and heightened consumer awareness are the key factors expected to increase the demand for reliable, secure, and cost-effective storage infrastructure in the region. The growing number of SMEs in several industries in the region is also likely to have a favorable impact on the regional market.
Next Generation Data Storage Technology Market Segmentation:
By Type:
- Cloud-Based Disaster Recovery
- All-Flash Storage Arrays
- Hybrid Array
- Holographic Data Storage
- Heat Assisted Magnetic Recording (HAMR)
- Other
By Applications:
- Enterprise
- Personal
- Government Organization
- Other
Frequently Asked Questions (FAQ):
- What is the growth rate predicted for the Global Next Generation Data Storage Technology Market?
- Who are the top performing companies in Next Generation Data Storage Technology Market?
- Which region dominated the worldwide market for Next Generation Data Storage Technology in 2022?
Related Sources:
- https://www.digitaljournal.com/pr/mindfulness-meditation-application-market-business-overview-2022-and-forecast-to-2030-cagr-12-4
- https://www.openpr.com/news/2853056/stacked-cmos-image-sensor-market-future-trends-outlook-2022
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