Next-Generation Data Storage Market Segmentation By Storage Architecture (File and Object-based Storage and Block Storage)
The GMI Research forecasts that the Next-Generation Data Storage Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the swift adoption of cloud-based storage on NAS owing to its beneficial features.
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Introduction of the Next-Generation Data Storage MarketNext-generation data storage technology includes technologically advanced data storage products and solutions that help to deal with enlarging file sizes and a huge amount of unstructured data. Multiple IT companies, automotive industries, data centers, and financial institutions use next-generation data storage technology to manage the enormous amount of large and unstructured data.
Key Players of the Global Next-Generation Data Storage Market:Augmentation in the global next-generation data storage market is owing to the accelerating penetration of high-end cloud computing and the aggravating endorsement of solid-state drives together with the high growth in digital data volume. In addition, the swift technological innovations, development in the IoT market, and the rising usage of mobile computing devices, including laptops, smartphones, tablets, and wearable electronics, are strengthening the market size. Furthermore, the escalating volume of unstructured data across BFSI, retail, healthcare, media and entertainment, and telecom may surge the demand for safe, reliable, and cost-efficient storage infrastructure, thereby supporting the market growth. However, the growing incidences of a breach in data security in cloud and server-based services will hamper the market's growth. Moreover, technological complexity, the inflated cost associated with cloud storage, and the amplifying demand for faster internet are restraining the market growth.
Next-Generation Data Storage Market Segmentation: Segmentation by Storage ArchitectureAbout GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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