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3. Next-Generation Data Storage Companies - Dell Inc. (US) and Hewlett Packard Enterprise Company (US) are the Key Players

The next-generation data storage market is projected to grow from USD 65.1 billion in 2024 and is estimated to reach USD 90.0 billion by 2029; it is expected to grow at a CAGR of 6.7% from 2024 to 2029.

The growth of the next-generation data storage market is driven by emergence of AI and machine learning (ML) technologies, growing adoption of Internet of Things (IoT) technologies and connected devices, rising use of 5G technology, and increasing adoption of hybrid cloud storage solutions.

Key strategies adopted by the players in the next-generation data storage market ecosystem to enhance their product portfolios, increase their market share and expand their presence in the market mainly include new product launches, collaborations, partnerships and acquisitions.

To know about the assumptions considered for the study download the pdf brochure

Major Next-Generation Data Storage companies include:

• Dell Inc. (US)
• Hewlett Packard Enterprise Company (US)
• NetApp (US)
• Huawei Technologies Co., Ltd. (China)
• Pure Storage, Inc. (US)
• Hitachi, Ltd (Japan)
• Fujitsu (Japan)
• IBM Corp. (US)
• DataDirect Networks (US)
• Micron Technology, Inc. (US)

For instance,

In April 2024, NetApp, Inc. (US) has extended its collaboration with Google Cloud (US), simplifying data utilization for generative AI and other hybrid cloud tasks. The partnership introduces the Flex service level for Google Cloud NetApp, Inc.Volumes, accommodating storage volumes of almost any size.

In April 2024, Fujitsu Limited (Japan) and Oracle (US) collaborated to offer sovereign cloud and AI capabilities tailored to Japanese businesses and the public sector's digital sovereignty needs. Fujitsu will integrate Oracle Alloy into its Hybrid IT portfolio, Fujitsu Uvance, providing over 100 OCI services including generative AI. This will enable businesses and the public sector to access sovereign cloud infrastructure and AI directly from Fujitsu-operated data centers in Japan.

Dell Inc.:

Dell Inc. (US) is a leading IT software, hardware, and service provider. The company designs, develops, markets, sells, and supports various products and services. It offers solutions that enable digital transformation and encompasses software-defined data centers, hybrid cloud, all-flash arrays, cloud-native software application development tools, converged and hyper-converged infrastructure, and security solutions. The company uses emerging technologies such as 5G, intrinsic security, data management, autonomous operations, edge, and cloud computing to stay competitive in the market. The company has a strong patent portfolio, with over 22,522 granted patents worldwide. In addition, Dell Inc. (US) has 8,386 pending patent applications as of February 2024. Dell Inc. (US) operates its business through the following two segments: Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG). Through ISG, the company offers a comprehensive product portfolio of advanced storage solutions, which includes scale-out storage, object platforms, all-flash arrays, and software-defined solutions. It provides enterprise data storage such as Network Attached Storage (NAS) and Storage Area Networks (SANs). The company has its operations in over 170 countries with over 239 offices worldwide. It has manufacturing facilities located in the US, Malaysia, China, Brazil, India, Poland, and Ireland.

Hewlett Packard Enterprise Company (HPE):

Hewlett Packard Enterprise Company (HPE) is a global edge-to-cloud company that engages in the provision of information technology, technology and enterprise products, solutions, and services. The company operates through business segments Compute, Storage, Intelligent Edge, High Performance Computing and Artificial Intelligence (HPC & AI), Financial Services, and Corporate Investments and Other. The company offers storage solutions such as primary storage with HPE Alletra, which offers cloud-native data infrastructure, HPE Nimble Storage, HPE Primera, and HPE 3PAR. The Storage segment also provides solutions for secondary workloads and traditional tape, storage, networking, and disk products, such as HPE Modular Storage Arrays (MSA) and HPE XP. Hewlett Packard offers storage platforms for small and medium-scale businesses and enterprises. It also offers storage solutions, including software subscription services, support and operational services, and solutions delivered as-a-service through HPE GreenLake. The patent portfolio of the company includes approximately 13,000 granted and pending patent applications as of October 31, 2023. The company has manufacturing and assembling plants in US, Mexico, China, Czech Republic, Puerto Rico, Malaysia, South Korea, Taiwan and Singapore.

Related Reports:

Next-Generation Data Storage Market Size by Storage System (Direct-Attached, Network-Attached, Storage Area Network), Storage Medium (SSD, HDD, Tape), Storage Architecture (File-& Object-Based Storage, Block Storage) & Region – Global Forecast to 2029

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
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