LONDON, Feb. 24, 2016 /PRNewswire/ -- Next Generation Storage technologies are utilized to store and recover information quicker and in a more efficient manner. Next Generation Data Storage Technology is an upcoming market wherein increasing need for data storage in small and medium enterprises drives this market. This technology is used in smartphones, PC and laptops to support increasing data storage needs.
IndustryARC has analyzed this market according to the different technologies, applications, end user industries and geographical locations.
Next generation storage technologies market is segmented according to the technology utilized. These technologies are: All-flash storage arrays, Holographic data storage, Cloud based disaster recovery, Hybrid array and Heat Assisted Magnetic Recording. Among these, all-flash arrays and Hybrid arrays are the most popular storage techniques used in institutions. These growing technologies will improve the customer's capability to secure, store and recover information.
According to its applications, next generation storage technologies market is segmented into Enterprise data storage, Big data storage and Cloud-based storage services. Growing analytics for Big Data has resulted in a need for next generation storage systems in order to efficiently store the necessary data.
This market has been segmented according to the different geographical locations into Americas, APAC, Europe and RoW markets. Americas was the largest market in 2014 due to increasing data storage requirements in several industries.
IBM, HP and EMC Corporation are among the dominant players in this market. Developmental growth of public cloud services has resulted in a need for new technology in the Enterprise storage industries as companies seek to adopt newer technologies in this market.
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