$30.4 Billion by 2026 for Global Next Gen Storage Market

Global Industry Analysts, Inc. (GIA), a research company, released its report titled Next gen Storage – Global Market Trajectory & Analytics (186 pages, $4,950).

The report presents perspectives on opportunities and challenges in a transformed post Covid-19 marketplace.

Amid the Covid-19 crisis, the global market for next gen storage estimated at $5.8 billion in the year 2020, is projected to reach a revised size of $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 $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 next gen storage market in USA is estimated at $2.4 billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of $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.

Players covered include Dell Technologies; EMC Corporation; Hewlett Packard Enterprise Development LP; Hitachi Data Systems Corporation; NetApp, Inc.; Nutanix, Inc.; Quantum Corporation; SanDisk Corporation; Symantec Corporation; Tintri, Inc.; Toshiba Corporation; VMware, Inc.

Note: The same research company published the following press release on the same subject with completely different figures!

$252 Billion by 2026 for Global Next-Gen Storage Market
$100.7 billion in 2020, 16.3% CAGR

A market study published by Global Industry Analysts Inc., (GIA), a market research company, released its report titled Next-gen storage – Global Market Trajectory & Analytics (177 pages, $4,950).

The report presents perspectives on opportunities and challenges in a transformed post Covid-19 marketplace.

Amid the Covid-19 crisis, the global market for next-gen storage estimated at $100.7 billion in 2020, is projected to reach a revised size of $252 billion by 2026, growing at a CAGR of 16.3% over the analysis period.

File- and object-based storage, one of the segments analyzed in the report, is projected to record a 16.8% CAGR and reach $205.9 billion by the end of the analysis period. After an analysis of the business implications of the pandemic and its induced economic crisis, growth in the block storage segment is readjusted to a revised 15.3% CAGR for the next 7-year period.

The next-gen storage market in USA is estimated at $35.5 billion in 2021. China, the world`s second largest economy, is forecast to reach a projected market size of $43.9 Billion by 2026 trailing a CAGR of 15.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.4% and 14.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12% CAGR.

Players covered include Dell EMC; Hewlett Packard Enterprise Development LP; Hitachi Ltd.; IBM Corporation; NetApp, Inc.; Nutanix, Inc.; Pure Storage, Inc.; Scality, Inc.; Tintri, Inc.; Toshiba Corporation.