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Global Next-generation Storage Market: Overview 

Next-generation storage is a unique class of technology that deals with the rising demand for improved data storage and management across various verticals of multiple industries. It is helpful in businesses such as banking, financial services, insurance, retail, healthcare, manufacturing, and IT & telecom. As a result of multiple applications in various industries, the global next-generation storage market is experiencing a remarkable growth. The growth is also the result of benefits such as data security, authorized access, and easy remote access while operating the system. Implementation of cloud technology is also promoting the growth of the global next-generation storage market. 

A report by Transparency Market Research (TMR) provides a detailed global next-generation storage market. According to the report, the market is expected to experience remarkable growth in future. It offers crucial insights on various facets of the market including key trends, notable developments, competitive landscape, and regional dominance global next-generation storage market.

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Global Next-generation Storage Market: Notable Developments 

The global next-generation storage market is highly competitive and is fragmented by the presence of various major players across the globe. There are some companies such as Dell Inc., Hewlett Packard Enterprise Company, NetApp Inc., Hitachi Ltd., and IBM Corporation that dominate the global next-generation storage

market in terms of growth. In order to gain a competitive edge over their competitors, market players are adopting strategies such as mergers and partnerships. They are also collaborating various other players in the market in order to expand their market presence and acquire their technology for expanding their business to the next level. 

The businesses are also bringing technological innovations in the market in order to stay ahead of the competition in the global next-generation storage market. 

  • In November 2018, Hewlett Packard (HP) Enterprise unveiled its new innovations for its intelligent storage solutions to help customers unlock their data’s potential and derive actionable insights. This shall help HP’s customers to improve their revenue stream and deliver a positive impact on their business. 
  • Carbon Black, a leader in next-generation endpoint security announced its partnership with IBM Security. This will make Cb Predictive Security Cloud of PSC a part of IBM’s newly launched X-Force Threat Management Services to further deal with advanced threats across the entire threat life cycle. 

Global Next-generation Storage Market: Key Drivers 

The major drivers that are influencing the growth of global next-generation storage market include factors such as a massive increase in digital data volume, proliferated use of devices like laptops, smartphones, and tablets; and substantial growth in the implementation of technologies such as IoT in various businesses. Growth in data-oriented business processes and demand for more customer-centric business operations is also acting as a prominent growth factor for the global next-generation storage market. 

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Rising security concerns and data breaches calls for major security measurements for the businesses. Next-generation storage solution provides multiple layer encryption along with authorized access to data in the business. This ensures that the collected data is kept secure in the cloud and can be accessed with authorized personnel only. This is yet again helping the global next-generation storage market to experience substantial growth over the period of time. 

Looking at the past events of malicious attacks on the data of various organizations, the need of next-generations storage solutions have raised to greater level. Owing to such incidents of the past and ensuring the security of the data in the future, the global next-generation storage market is expected to witness a significant growth in the future. 

Global Next-generation Storage Market: Regional Analysis 

North America is expected to be the leader of next-generation storage market in the forecast period of 2018 to 2026. The growth is attributed to the presence of major players of the market in the region. Also, the rising usage of various input-output devices in various businesses is one of the major reason that is boosting North America as the leading region in the global next-generation storage market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Next Generation Storage Market

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