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Next Generation Storage Devices Market by Technology Innovations and Demand 2019 to 2025

The next generation storage device integrates distributed storage technology, uses standardized hardware facilities to construct storage pools, virtualizes existing storage facilities, interconnects and breaks data scheduling barriers, and provides object, block, and file storage services under a unified system. And has the advantages of high reliability and easy management.

The Next Generation Storage Devices market report is a most important research for who looks for complete information on the Next Generation Storage Devices market. The report covers all information on the global and regional markets including historic and future trends for market demand, size, trading, supply, competitors, and prices as well as global predominant vendor’s information. The forecast market information, SWOT analysis, Next Generation Storage Devices market scenario, and feasibility study are the vital aspects analyzed in this report.

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Top Leading Companies of Global Next Generation Storage Devices Market are Acuity Brand Lighting, General Electric, Koninklijke Philips, Lightbee Corp, LVX System Corp, PureLi-Fi, Oledcomm, Avago Technologies, Axrtek, ByteLight, Casio, IBSENtelecom, Panasonic, LightPointe Communications, Plaintree Systems, Lucibel, Firefly Wireless Networks and others.

Global Next Generation Storage Devices Market Split by Product Type and Applications:

This report segments the global Next Generation Storage Devices market on the basis of Types are:
LED Lights
Microcontroller
Photo Detector

On the basis of Application, the Global Next Generation Storage Devices market is segmented into:
Indoor Networking
Hospital
Vehicles
Underwater Communication
Others

Regional Analysis for Next Generation Storage Devices Market:

For comprehensive understanding of market dynamics, the global Next Generation Storage Devices market is analyzed across key geographies namely United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

The North American next generation storage device market is expected to show significant growth in the near future, owing to the high adoption of technology and presence of already established infrastructure. As per Forbes magazine, North America accounted for around 43% of total share in cloud adoption in 2014. Further, in the adoption of SaaS platform, North America contributed around 61% of total share in 2014, and is anticipated to grow at a significant rate of around 10-12% during the analysis period. In addition, 48% of total smartphone users in the world are from this region. These factors are key contributors to the growth of the next generation devices market in North America. The Asia-Pacific next generation storage devices market is expected to grow at a significant rate, owing to vast increase in the number of smartphone users. Another contributing factor includes proliferation of low-cost smartphones and tablets, which offers increased potential for the adoption of next generation storage devices. Furthermore, key vendors are investing in this region to capture the untapped market potential. For instance, Google, Inc. established its first data center in Singapore and Taiwan in 2013, while Amazon Web Services has built its data centers in Tokyo (Japan), Singapore, and Sydney (Australia).

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Key Findings of the Next Generation Storage Devices Market:

  • The cloud-based storage segment dominated the overall next generation storage devices market, in terms of revenue, and is projected to grow at a CAGR of 18.7% during the forecast period.
  • The cloud storage system segment dominated the global next generation storage devices market in 2014, and is anticipated to grow at the highest CAGR.
  • The software-defined storage segment is expected to grow at the second highest growth rate of 17.7%.
  • IT & telecommunication generated the highest revenue in 2014, while the government sector is estimated to grow at the highest growth rate of 18.1%.
  • In 2014, North America was the dominant region, while Europe is projected to grow at the highest CAGR, with rest of Europe market being the major contributor.

The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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