Global Next Generation Data Storage Market Analysis
According to Verified Market Intelligence, the Global Next Generation Data Storage Market was valued at USD 65.85 Billion in 2017 and is projected to reach USD 223.04 Billion by 2025, growing at a CAGR of 16.5% from 2018 to 2025.
What is Next Generation Data Storage?
Next generation data storage technology comprises of all the technologically advanced data storage products and solutions that are used to deal with increasing file sizes and a huge amount of unstructured data. This storage technology helps in managing large data securely and also enables reliable, secure and fast recovery of data in a cost-efficient manner. Next generation data storage technology has allowed scalable storage and handling of large data generated by big enterprises. Rising need for improved data storage and management across various industry verticals have stimulated the growth of next-generation data storage market.
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