Report Overview

Asia Pacific Next Generation Data Storage Market - Industry Trends & Forecast Report, 2030

The Asia Pacific Next Generation Data Storage Market size was estimated to be worth USD 14.63 billion in 2023. During the forecast period between 2024 and 2030, the Asia Pacific Next Generation Data Storage Market size is projected to grow at a CAGR of 8.22%, reaching a value of USD 23.5 billion by 2030. Major growth factors for the Asia Pacific Next Generation Data Storage Market include increasingly high volumes of data generated owing to the rising use of smartphones, wearable devices, and IoT technologies, the launch and increasing use of 5G technology, and the adoption of cloud technology. Furthermore, rapid digitization across industries, including healthcare, BFSI, and retail, is anticipated to drive the Asia Pacific Asia Pacific Next Generation Data Storage Market during the period in analysis.

Next Generation Data Storage – Overview

Next-generation storage systems simplify data, enable security and safety, and provide centralized file storage and automated cloud backups. These solutions include enhanced data management capabilities, increased storage space, and improved performance. Next-generation data storage technology helps to provide dependable, safe, and quick data recovery economically, in addition to securely managing massive amounts of data. Additionally, it has made it possible to handle and store massive amounts of data produced by big corporations in a scalable manner.

Asia Pacific Next Generation Data Storage Market

Growth Drivers

Rising Adoption of IoT and other Advanced Technologies

The rising penetration and popularity of advanced technologies, such as Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML), is directly boosting the volume of machine-generated data. With the use of big data and data analytics, organizations use data to create policies and make data-driven choices. As a result, businesses now require better storage devices to handle these massive data volumes, which is driving demand for next-generation data storage in the Asia Pacific market. These devices offer centralized file storage and automatic cloud backup in addition to data storage, making remote access and data transfer simple and convenient.

Challenges

Associated Data Security Concerns

The increasing use of cloud storage in next-generation data storage technologies has raised concerns about data security and privacy, which poses a significant threat to the market growth of these technologies in the Asia Pacific region. Next generation data storage enables remote access to multiple users and groups working on a joint project. However, common access may result in a lack of control over data and storage resources. The adoption of next-generation data storage may be hindered as a result, especially in large enterprises with stringent data governance regulations.

Asia Pacific Next Generation Data Storage Market

Segmental Coverage

Asia Pacific Next Generation Data Storage Market – By Storage System

Based on storage system, the Asia Pacific Next Generation Data Storage Market is segmented into direct attached storage (DAS), network attached storage (NAS), and storage area network (SAN). The NAS segment accounts for the highest share of the market, as this type of storage system is cost-efficient and offers easy operation and data backup. It enables businesses to link their computers to the cloud via interfaces and get data for authorized network users and various customers from a single location.

Asia Pacific Next Generation Data Storage Market – By Storage Architecture

Based on storage architecture, the Asia Pacific Next Generation Data Storage Market is segmented into file & object-based storage and block storage. File & object-based storage holds a larger share in the Asia Pacific Asia Pacific Next Generation Data Storage Market and is projected to register growth at a higher CAGR during the forecast period. File storage is arranged in a rigid tree-like hierarchy with directories, sub-directories, and so on. The rising volumes of structured and unstructured data amplify the need for organized data storage to provide easy access to stored files, as offered by file and object-based storage architectures.

Asia Pacific Next Generation Data Storage Market – By End User

Based on end user, the Asia Pacific Next Generation Data Storage Market is segmented into BFSI, retail, IT & telecom, healthcare, media & entertainment, and others. The BFSI segment accounts for the highest market share, mainly due to rising data volume in the banking sector through digital wallets, mobile banking, and online customer-assisted services. The retail segment is anticipated to register a high growth rate during the forecast period owing to the flourishing e-commerce sector. The segment is increasingly leveraging advanced technologies, such as AI, IoT, and machine learning (ML), to enhance their customer experience, which is anticipated to fuel the growth of Asia Pacific Next Generation Data Storage Market.

Asia Pacific Next Generation Data Storage Market – By Region

The in-depth research report on the Asia Pacific Next Generation Data Storage Market covers the market in a number of countries in the region, including China, India, Japan, South Korea, Australia and New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and rest of APAC. China dominates the Asia Pacific Generation Data Storage Market owing to rapid digitization and increasing investment in data storage infrastructure, along with rising adoption of advanced technologies, such as IoT, among small and medium-sized enterprises (SMEs). China, India, South Korea, and Vietnam also cover a substantial market share. South Korea’s Naver Corp. recently opened Asia’s largest data center in the country to boost the artificial intelligence and cloud sectors.

Competitive Landscape

Major players operating in the Asia Pacific Next Generation Data Storage Market include Dell Inc., Hewlett Packard Enterprise Development LLP, NetApp, Huawei Technologies Co., Ltd, Pure Storage, Inc., Hitachi Vantara LLC, Fujitsu, and IBM Corporation. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In October 2023 – IBM launched the New IBM Storage Scale System 6000, a cloud-scale global data platform that supports AI workloads.

Scope of the Report

By Storage System

• Direct Attached Storage (DAS)

• Network Attached Storage (NAS)

• Storage Area Network (SAN)

By Storage Architecture

• File & Object-based Storage

• Block Storage

By End User Industry

• BFSI  

• Retail  

• IT & Telecom

• Healthcare  

• Media & Entertainment

• Others

By Country

• China

• India

• Japan

• South Korea

• Australia & New Zealand

• Indonesia

• Malaysia

• Singapore

• Vietnam

• Rest of APAC

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Asia Pacific Next Generation Data Storage Market Insights
   1. Industry Value Chain Analysis
      1. DROC Analysis
      2. Growth Drivers
         1. Ongoing Digital Transformation Across Industries
         2. Increasing Data Volumes by Businesses and Consumers Fuels the Need for Storage Solution
      3. Restraints
         1. High Initial Costs
         2. Security Concerns
      4. Opportunities
         1. Increasing Adoption Of Cloud-Based Storage Solutions
      5. Challenges
         1. Data Compliance and Regulations
   2. Technological Advancements/Recent Developments
   3. Regulatory Framework
   4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Asia Pacific Next Generation Data Storage Market Overview
   1. Market Product & Forecast, 2019−2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Storage System
         1. Direct Attached Storage (DAS)
         2. Network Attached Storage (NAS)
         3. Storage Area Network (SAN)
      2. By Storage Architecture
         1. File and Object-based Storage
         2. Block Storage
      3. By End User Industry
         1. BFSI  
         2. Retail  
         3. IT & Telecom
         4. Healthcare  
         5. Media & Entertainment
         6. Others
      4. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Australia & New Zealand
         6. Indonesia
         7. Malaysia
         8. Singapore
         9. Vietnam
         10. Rest of APAC
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Asia Pacific Next Generation Data Storage Company Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Escalating Geopolitical Tensions on Asia Pacific Next Generation Data Storage Market
7. Impact of Covid-19 on Asia Pacific Next Generation Data Storage Market
8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
   1. Dell Inc.
   2. Hewlett Packard Enterprise Development LLP
   3. NetApp
   4. Huawei Technologies Co., Ltd
   5. Pure Storage, Inc.
   6. Hitachi Vantara LLC
   7. FUJITSU
   8. IBM Corporation
   9. Other Prominent Players
9. Key Strategic Recommendations
10. Research Methodology
    1.       Qualitative Research
       1.   Primary & Secondary Research
    2.       Quantitative Research
    3.       Market Breakdown & Data Triangulation
       1.   Secondary Research
       2.   Primary Research
    4.       Breakdown of Primary Research Respondents, By Country
    5.       Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       Asia Pacific Next Generation Data Storage Segmentation

Figure 2       Asia Pacific Next Generation Data Storage Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Asia Pacific Next Generation Data Storage Market Share, By Storage System, By Value, 2019−2030

Figure 5       Asia Pacific Next Generation Data Storage Market Share, By Storage Architecture, By Value, 2019−2030

Figure 6       Asia Pacific Next Generation Data Storage Market Share, By End User Industry, By Value, 2019−2030

Figure 7       Asia Pacific Next Generation Data Storage Market Share, By Country, By Value, 2019−2030

List of Tables

Table 1        Asia Pacific Next Generation Data Storage Market, By Value (USD Billion), 2019−2030

Table 2        Asia Pacific Next Generation Data Storage Market, By Storage System, By Value, 2019−2030

Table 3        Asia Pacific Next Generation Data Storage Market, By Storage Architecture, By Value, 2019−2030

Table 4        Asia Pacific Next Generation Data Storage Market, By End User Industry, By Value, 2019−2030

Table 5        Asia Pacific Next Generation Data Storage Market, By Country, By Value, 2019−2030

Table 6        Dell Inc. Company Overview

Table 7        Dell Inc. Financial Overview

Table 8        Hewlett Packard Enterprise Development LLP Company Overview

Table 9        Hewlett Packard Enterprise Development LLP Financial Overview

Table 10      NetApp Company Overview

Table 11      NetApp Financial Overview

Table 12      Huawei Technologies Co., Ltd Company Overview

Table 13      Huawei Technologies Co., Ltd Financial Overview

Table 14      Pure Storage, Inc. Company Overview

Table 15      Pure Storage, Inc. Financial Overview

Table 16      Hitachi Vantara LLC Company Overview

Table 17      Hitachi Vantara LLC Financial Overview

Table 18      FUJITSU Company Overview

Table 19      FUJITSU Financial Overview

Table 20      IBM Corporation Company Overview

Table 21      IBM Corporation Financial Overview