With Market Size Valued at $30.4 Billion by 2026, it`s a Healthy Outlook for the Global Next Generation Storage Market
SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Next Generation Storage - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE Edition: 5; Released: May 2021 Executive Pool: 9828 Companies: 50 - Players covered include Dell Technologies; EMC Corporation; Hewlett Packard Enterprise Development LP (HPE); Hitachi Data Systems Corporation; NetApp, Inc.; Nutanix, Inc.; Quantum Corporation; SanDisk Corporation; Symantec Corporation; Tintri, Inc.; Toshiba Corporation; Vmware, Inc. and Others. Coverage: All major geographies and key segments Segments: End-Use Industry (BFSI, Retail, IT & Telecom, Media & Entertainment, Other End-Use Industries); Storage Architecture (File and Object-based Storage, Block Storage, Other Storage Architectures); Storage Technology (Magnetic Storage, Solid State Storage, Other Storage Technologies) Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Next Generation Storage Market to Reach $30.4 Billion by 2026 Amid the COVID-19 crisis, the global market for Next Generation Storage estimated at US$5.8 Billion in the year 2020, is projected to reach a revised size of US$30.4 Billion by 2026, growing at a CAGR of 31.5% over the analysis period. File and Object-based Storage, one of the segments analyzed in the report, is projected to record a 33.2% CAGR and reach US$22 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Block Storage segment is readjusted to a revised 30.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.4 Billion in 2021, While China is Forecast to Reach $5.2 Billion by 2026 The Next Generation Storage market in the U.S. is estimated at US$2.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2026 trailing a CAGR of 30.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 28.5% and 26.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 21.9% CAGR. More
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SOURCE Global Industry Analysts, Inc.
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