Global Next Generation Data Storage
Market Report
2025
The global Next-Generation Data Storage market size is USD 62.96 billion in 2024. The Next-Generation Data Storage market will show the strongest growth with the compound annual growth rate (CAGR) of 9.3% from 2024 to 2031. This growth can be because of the rapid growth in data generation.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Next-Generation Data Storage market size will be USD 62.96 billion in 2024 and will expand at the compound annual growth rate (CAGR) of 9.3% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Next Generation Data Storage Market Sales Revenue | 121212 | 121212 | 121212 | 9.3% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Storage System |
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Market Split by Storage Medium |
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Market Split by Storage Architecture |
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Market Split by Deployment |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Next Generation Data Storage Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Next-Generation Data Storage Market encompasses innovative technologies and solutions aimed at addressing the escalating demands for storage capacity, performance, and efficiency in the digital age. As traditional storage methods reach their limits, this market is driven by the need for scalable, faster, and more reliable storage solutions capable of handling btoad volume of data generated by IoT, AI, and big data applications. Key technologies include solid-state drives (SSDs), cloud storage, software-defined storage (SDS), and advanced data management techniques like deduplication and compression. This market is propelled by ongoing advancements in storage technologies such as non-volatile memory (NVM), 3D NAND flash, and storage-class memory (SCM), promising higher speeds, lower latency, and improved energy efficiency. However, challenges such as high costs of implementation, compatibility issues with existing infrastructure, and data security concerns remain significant hurdles. Despite these challenges, the relentless growth of digital data and the imperative for faster access and processing capabilities are expected to drive continued innovation and investment in next-generation data storage solutions.
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In 2025, global trade has entered a period of renewed volatility as the U.S., under President Donald Trump, introduced sweeping tariffs known as the Liberation Day Tariffs. Aimed at addressing trade imbalances and foreign supply chain dominance, the tariffs range from 10% on allies like Australia and the UK to 46% on Vietnamese goods and 34% on Chinese imports. A 25% universal tariff on steel, aluminum, and auto parts has further strained global trade ties. The electronics sector is among the hardest hit, particularly due to the escalating U.S.China trade war. Tariffs on Chinese goods now reach up to 145% in sectors like semiconductors and consumer electronics, while China has retaliated with up to 125% duties and restrictions on critical mineral exports. This has disrupted just-in-time supply chains and increased component costs.
Specific tariffs include 25% on semiconductors, 20% on lithium-ion batteries, and 10–15% on consumer electronics like laptops and tablets, leading to higher retail prices and reduced consumer demand. Sub-sectors such as home automation, computer hardware, communication electronics, medical devices, and industrial electronics are all under pressure due to rising input costs and supply chain delays. Companies are revisiting suppliers, shifting sourcing to countries like India, Mexico, and Vietnam, and redesigning products to avoid high-tariff components.
China remains a key player, contributing USD 119 billion in electronics exports to the U.S. in 2023. Even components routed through countries like Malaysia and Vietnam often rely on Chinese subparts, making the ripple effect of tariffs widespread. U.S. electronics firms operating on thin margins are seeing input costs rise 18–25%, with contract manufacturers in alternative regions facing capacity constraints.
Market research is now critical. It helps companies identify new suppliers, analyze cost trends, optimize product design, forecast demand shifts, and track regulatory changes. Tools like supplier mapping, BOM optimization, and scenario planning support strategic responses to ongoing disruptions. Leading firms like Apple and Dell are expanding production outside China, while others invest in digital supply chain tools and redesign products for cost resilience. In this evolving trade environment, firms that leverage research-driven strategies are better positioned to adapt and thrive.
In March 2024, Hewlett Packard Enterprise announced new solution under the HPE GreenLake cloud, streamlining storage, data, and the workload management throughout on-premises and public cloud environments. These includes HPE GreenLake Block Storage for AWS, providing software-defined storage for hybrid cloud setups. (Source: https://www.hpe.com/us/en/newsroom/press-release/2024/05/hpe-builds-foundation-for-next-gen-data-management-with-software-defined-storage-and-ai-driven-automation.html)
Top Companies Market Share in Next Generation Data Storage Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of global revenue due to its robust technological infrastructure, extensive adoption of cloud computing, and significant investments in advanced storage technologies by major tech companies and enterprises. The region benefits from a strong ecosystem of innovation, research, and development in data storage solutions.
Asia-Pacific stands out as the fastest-growing region in Next-Generation Data Storage market due to rapid industrialization, increasing adoption of cloud services, and the proliferation of digital transformation initiatives across sectors like IT, healthcare, and BFSI. Rising data volumes and technological advancements drive demand for advanced storage solutions in the region.
The current report Scope analyzes Next Generation Data Storage Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Next Generation Data Storage Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Next Generation Data Storage Industry growth. Next Generation Data Storage market has been segmented with the help of its Storage System, Storage Medium Storage Architecture, and others. Next Generation Data Storage market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, Direct Attached Storage (DAS) is the dominant category by offering simplicity, low latency, and high performance for specific applications and workloads. Unlike networked storage solutions, DAS connects directly to a single server or host system, ensuring dedicated and reliable access to data. This direct connection minimizes latency, making DAS ideal for applications that need fast data transfer speeds, like real-time analytics and high-performance computing. Furthermore, DAS solutions are often more cost-effective and easier to manage than complex networked storage architectures, appealing to organizations seeking efficient and scalable storage solutions. .
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Next Generation Data Storage Industry. Request a Free Sample PDF!
Market segmentation based on Storage Medium explains not only the historical market size/share data of Hard Disk Drive, Solid-State Drive, Tape but also the forecasted revenue growth. This will also help to analyze the demand for Next Generation Data Storage across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Storage Medium of Next Generation Data Storage are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Next Generation Data Storage Market is witnessing significant growth in the near future.
In 2023, the Direct Attached Storage (DAS) segment accounted for noticeable share of global Next Generation Data Storage Market and is projected to experience significant growth in the near future.
The Hard Disk Drive segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Hewlett Packard Enterprise Company , NetApp and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Storage System | Direct Attached Storage (DAS), Network Attached Storage (NAS), Storage Area Network (SAN) |
Storage Medium | Hard Disk Drive, Solid-State Drive, Tape |
Storage Architecture | File-Object Based Storage, Block Storage |
Deployment | On-premise, Cloud-based, Hybrid |
End User | Enterprises, Government Bodies, Cloud Service Providers, Telecom Companies |
List of Competitors | Hewlett Packard Enterprise Company, Dell Inc., NetApp, Inc., Hitachi, Ltd., International Business Machines Corporation, Micron Technology, Inc., Netgear Inc., Inspur |
This chapter will help you gain GLOBAL Market Analysis of Next Generation Data Storage. Further deep in this chapter, you will be able to review Global Next Generation Data Storage Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Next Generation Data Storage. Further deep in this chapter, you will be able to review North America Next Generation Data Storage Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Next Generation Data Storage. Further deep in this chapter, you will be able to review Europe Next Generation Data Storage Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Next Generation Data Storage. Further deep in this chapter, you will be able to review Asia Pacific Next Generation Data Storage Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Next Generation Data Storage. Further deep in this chapter, you will be able to review South America Next Generation Data Storage Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Next Generation Data Storage. Further deep in this chapter, you will be able to review Middle East Next Generation Data Storage Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Next Generation Data Storage. Further deep in this chapter, you will be able to review Middle East Next Generation Data Storage Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Next Generation Data Storage. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Storage System Analysis 2019 -2031, will provide market size split by Storage System. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Storage System Analysis 2021 - 2033
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Chapter 11 Market Split by Storage Medium Analysis 2021 - 2033
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Chapter 12 Market Split by Storage Architecture Analysis 2021 - 2033
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Chapter 13 Market Split by Deployment Analysis 2021 - 2033
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Chapter 14 Market Split by End User Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Next Generation Data Storage market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 16 Research Methodology and Sources
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Why Direct Attached Storage (DAS) have a significant impact on Next Generation Data Storage market? |
What are the key factors affecting the Direct Attached Storage (DAS) and Network Attached Storage (NAS) of Next Generation Data Storage Market? |
What is the CAGR/Growth Rate of Hard Disk Drive during the forecast period? |
By type, which segment accounted for largest share of the global Next Generation Data Storage Market? |
Which region is expected to dominate the global Next Generation Data Storage Market within the forecast period? |
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Country level Data Customization |
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