Next-Generation Data Storage Market to Witness Significant Growth, Expects M&M in New Report Published at MarketPublishers.com15 Nov 2016 • by Natalie Aster
LONDON – The global market for next-generation data storage is set to grow at a high CAGR of approximately 17% over the period 2016-2022. It is expected to hit the market of around USD 145 billion by 2022.
This growth will be ignited by such factors as the rising volume of digital data, growing IoT marketplace, and more.
Still the market is experiencing certain restraints like a lack of data security in sever-based and cloud services. There are some challenges, as well. And the delivery of robust as well as high-speed data storage is one of them.
This marketplace has some opportunities due to the rising demand for data analytics and the increasing adoption of solid-state devices.
The cloud storage segment is forecast to demonstrate the highest CAGR in the offing. This growth will stem from increasing need in enterprise mobility, the ever-rising demand for hybrid data storage, etc. As of 2015, the global marketplace was dominated the FOBS segment.
RoW is expected to become the swiftest growing marketplace in the years to come, given anticipated growth of the demand in Brazil as well as other Middle Eastern markets.
Some of major companies globally include NetApp, Dell, Scality, and more.
New research report “Next-Gen Data Storage Market - Global Forecast to 2022” drawn up by M&M offers a comprehensive analysis of the global next-generation data storage marketplace. The study provides a bird’s eye view of the worldwide market. It proceeds with a discussion of drivers and restraints of this market space.
The report delves deep into challenges and opportunities of the marketplace. The research study scrutinizes industry trends. It examines the market on the basis of following parameters: end-use industry, storage architecture, storage technology and geography.
The research report insightfully investigates the competitive environment and then looks at competitive situations along with trends. The study profiles major companies. It also comprises global forecasts through 2022.
More new reports by M&M are available at its page.