PUNE, India, November 2, 2016 /PRNewswire/ --

According to the new research report "Next-Generation Data Storage Market by System (Direct-Attached, Network-Attached, Storage Area Network, Software-defined, Cloud, Unified), Architecture (File, Object, Block), Technology (Magnetic, Solid-State), and Industry - Global Forecast to 2022", published by Marketsandmarkets, the market is expected to be valued at USD 144.76 Billion by 2022, at a CAGR of 16.76% between 2016 and 2022.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 67 market data Tables and 67 Figures spread through 168 Pages and in-depth TOC on "Next-Generation Data Storage Market"

http://www.marketsandmarkets.com/Market-Reports/next-generation-data-storage-market-12592401.html
Early buyers will receive 10% customization on this report.

The growth of this market is mainly driven by the increasing volume of digital data, increasing proliferation of smartphones, laptops, and tablets, and growth of the Internet of Things (IoT) market.

Direct-attached storage (DAS) market held the largest size in 2015 

DAS is the oldest storage system and offers convenient data storage solution. DAS offers simplicity and low-cost solution compared to any other storages. Network-attached storage (NAS) is the second-largest market by size after DAS in the Next-Generation Data Storage Market. The key feature of NAS is the ability to provide multiple-client access to the same file. NAS devices also offer vertical and horizontal scalability. Such solutions are mostly used by enterprises where data security is of prime importance.

Market for solid-state storage expected to grow at the highest rate during the forecast period 

Solid-state drives (SSDs) are one of the fastest and most reliable media for storing data. These drives do not contain any movable parts and use microchips to store data. Due to the non-moving parts, the data stored on these devices is more secured. Availability of hybrid flash arrays is driving the growth of solid-state devices where converged solution for conventional and flash storage is available.

North America accounted for the largest share of the next-generation data storage market in 2015 

North America, being the early adopter of advanced data storage technologies, captures largest share of the next-generation data storage market. Every industry in North America is being digitized and demands advanced data storage solutions. Enterprises in America are increasing their spending on IT infrastructure to gain competitive advantage and increase their business productivity.

 Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=12592401

The key players in this market include HPE Company (U.S.), NetApp, Inc. (U.S.), IBM Corp. (U.S.), Hitachi Ltd. (Japan), and Dell Inc. (U.S.)

Browse Related Reports 

Cloud Infrastructure Market by Type (Hardware: Server, Storage, Switch, Services: Platform as a Service, Infrastructure as a service, Content/Application Delivery Network, Managed Hosting, Colocation), End-User Industry & Geography - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/cloud-infrastructure-market-119658259.html

Automated Storage and Retrieval System (ASRS) Market by Type (Unit Load, Mini Load, VLM, Carousel, Autostore, & Mid load), Function (Assembly, Storage, Order picking, Kitting, & Distribution), Industry, and Geography - Global forecast to 2022

http://www.marketsandmarkets.com/Market-Reports/automated-storage-retrieval-system-market-195267987.html

Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

Connect us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets