The Europe Next Generation Data Storage Market Size would witness market growth of 12.0% CAGR during the forecast period (2018 – 2024).
Next Generation Storage Technology is an advanced product and solutions portfolio that supports the stocking of data in different end user industries including IT companies, automotive industries, data centers and so forth. IT companies come across many difficulties in data management with the growing file size and the enormous amount of large and unstructured data. The increasing trend in mobility and digitalization is also fuelling the growth of Next Generation data storage market. However, the major challenges hampering market growth include technological complexity, repair and restoration issues, and the lack of cloud security. The next generation data storage infrastructure offers a highly reliable, faster and cheaper solution that helps them meet growing data storage demands.
Based on Storage Architecture, the market is segmented into File & Object-Based Storage and Block Storage. Based on Storage System, the market is segmented into Storage Area Network, Direct-Attached Storage, and Network-Attached Storage. Based on Storage Medium, the market is segmented into HDD, SSD, and Tape. Based on End User, the market is segmented into Enterprise, Government Bodies, Telecom Companies, and Others.Enterprises segment has been further bifurcated into BFSI, Healthcare & Life Sciences, Media & Entertainment, Manufacturing, Retail & Consumer Goods, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hewlett Packard Enterprise, Dell technologies Inc., IBM Corporation, Toshiba Corporation, Samsung Electronics, Netapp, Inc., Pure storage Inc., Netgear, Inc., Western Digital Corporation, and Hitachi, Ltd.
Scope of the Study
Market Segmentation:
By Storage Architecture
By Storage System
By Storage Medium
By End User
By Country
Companies Profiled
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