The Asia-Pacific next generation storage market was valued at USD 0.29 billion in 2014and is estimated to reach USD 2.30 billion by the end of 2021 at a projected CAGR of 41.11%. The market is expected to gain momentum owing to the increasing demand for high scalable, fast, and economical storage solutions during the forecast period.
Rapid technological advancements and increasing volume of unstructured data across different verticals/industries have created the need for secure, reliable, and cost-efficient storage infrastructure in the Asia-Pacific region. In the current scenario, enterprises are facing challenges posed by the escalating data volumes, velocity, and variety, leading to increased demand for efficient storage solutions.
Next generation storage solutions are computing devices used to store, port, and extract data files and objects in a quicker and more efficient manner. In the current scenario, the market for storage has been booming, owing to the increasing demand from the buyers/clients for better-performing storage infrastructures, which has further led to shift to flash storage solutions. Such advancements in technologies have led to better storage and recovery of information in a quicker and efficient manner.
The Asia-Pacific region presents a significant opportunity for next generation storage solution vendors. The region remains a high-growth market, with concerns regarding space and power inadequacy of traditional disk storage still prevalent.
Growth in the Asia-Pacific next generation storage market is driven largely by government initiatives and large multi-million dollar technology deals in the banking vertical. Some of the others factors such as growing demand for data storage in small to medium enterprises (SMEs) and increasing proliferation of smartphones, laptops, and tablets in the Asia-Pacific region have augmented the demand for next generation storage solutions.
In 2014, the Asia-Pacific next generation storage solutions market by technology was dominated by the hybrid array market, followed by all-flash array solutions. Increasing demand and ability to solve storage performance problems for enterprises and service providers will be the key factors escalating the growth of the segment.
The application of next generation storage market encompasses multiple sectors, such as BFSI, manufacturing, government, communication, and others. The BFSI sector dominated the Asia-Pacific next generation storage market in 2014, followed closely by the manufacturing sector.
Some of the major players mentioned in the report are:
What the Report Offers
1.1 Report Description
1.2 Research Methodology
2. Executive Summary
3. Key Findings of the Study
4. Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness – Porter’s Five Force Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products or Services
4.3.5 Competitive Rivalry
5. Market Dynamics
5.1.1 Growing demand from SME's for data Storage
5.1.2 Increasing Proliferation of Smart phones & Laptops
5.1.3 Rapid Advancement in Computing Capabilities
5.1.4 Growing Demand for Data Analytics
5.2.1 Lack of Environment Friendly Solutions
5.2.2 Control over Capital & Operational Expenses
5.3.1 Growth in Emerging Economies
5.3.2 Increasing Demand for Big Data Analytics
5.3.3 Growing Adoption of Solid State Drives
6. Global Next Generation Storage Market Analysis & Forecast
6.1 Global Market - Segmented By Technologies
6.1.1 All-flash Arrays
6.1.2 Hybrid Arrays
6.1.3 Cloud Based Disaster Recovery
6.2 Global Market - Segmented By Applications
6.2.1 Cloud Storage Services
6.2.2 Enterprise Data Storage
6.2.3 Big Data Storage
6.3 Global Market - Segmented By Industry Vertical
6.3.3 Consumer Electronics
6.3.4 Media & Entertainment
6.4 Global Market – Segmented By Country
6.4.3 South Korea
7. Vendor Market Share Analysis
8. Competitive Intelligence - Company Profiles
8.1 International Business Machines Corporation (IBM)
8.2 Toshiba Corporation
8.3 VMware, Inc.
8.4 Dell Inc.
8.5 EMC Corporation
8.6 NetApp, Inc.
8.8 Quantum Corporation
8.9 SanDisk Corporation
8.10 Hitachi data systems
8.12 Data Robotics
8.13 SimpliVity Corporation
8.14 Symantec Corporation
8.15 Tintri, Inc.
9. Investment Analysis
9.1 Recent Mergers and Acquisitions
9.2 Investment Outlook
10. Future of Next Generation Storage Market