Next Gen Storage Market to Reach $106.3 Billion by 2024- KBV Research

According to a new report, Global Next Generation Storage Market (384 pages, April 2019, $3,600), published by KBV Research, this market is expected to reach $106.3 billion by 2024, rising at a market growth of 12.9% CAGR during the forecast period.

Global next gen storage market size

The North America market would dominate the global next gen storage file and object-based storage market by region by 2024, growing at a CAGR of 10.5 % during the forecast period. The European market is expected to witness a CAGR of 11.1% during 2018-2024. Additionally, the AsiaPac market is expected to witness a CAGR of 13.9% during the period.

KBV cardinal matrix
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The SAN market dominated the market by storage system 2017. The DAS market is expected to witness a CAGR of 12.5% during 2018-2024. Additionally, the NAS market is expected to witness highest CAGR of 14.8% during the period.

The HDD market dominated by storage medium 2017, growing at a CAGR of 11.5% during the forecast period. The SSD market is expected to witness a CAGR of 13.7% during 2018-2024. Additionally, the tape market is expected to witness highest CAGR of 14.1% during the period.