The next-generation data storage market is expected to grow at a CAGR of 10.1% from 2020 to 2027 to reach $56.7 billion by 2027 from $29.0 billion in 2020.

The next-generation data storage market is growing rapidly due to the rising need to store and manage huge volumes of data generated every day. The rising integration of cloud computing technology for improving the flexibility and scalability of services has encouraged enterprises to adopt next-generation data storage solutions for making their business operations faster, better, and more cost-effective. However, data security and scalability issues are expected to hamper the market’s growth. The global next-generation data storage market has been segmented by type, medium, architecture, end user, and geography. The market is driven by factors such as the explosive growth in digital data, the proliferation of IoT and connected devices, and the increasing adoption of high-end cloud computing solutions.

Here are the top 10 companies operating in Next-generation Data Storage Market

Dell Technologies Inc.

Founded in 1984 and headquartered in Texas, U.S., Dell Technologies is a global end-to-end technology provider, offering IT hardware, software, and services with traditional infrastructure as well as emerging multi-cloud technologies enabling customers to transition into the digital future. The company’s operating areas include technology and product development, marketing, go-to-market, and global services. The company has three business segments: Infrastructure Solutions Group, Client Solutions Group, and VMware. The company offers various advanced storage solutions comprising traditional storage solutions as well as next-generation storage solutions such as all-flash arrays, scale-out file and object platforms, and software-defined solutions.

The company provides data storage solutions to various industries, including healthcare and life sciences, media & entertainment, automotive, semiconductor design and manufacturing, safety & security, and oil & gas and mainframe environments. The company has its geographical presence in the Americas, Europe, the Middle East & Africa, Asia-Pacific, and Japan.

Hewlett Packard Enterprise

Founded in 1939 and headquartered in California, U.S., Hewlett Packard Enterprise (HPE) is a global provider of intelligent data-capture and data-analysis solutions. The company helps its customers drive new business models and increase operational efficiency. The company operates its business through four main segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. Storage solutions are offered under the Hybrid IT segment. The company provides hybrid cloud environments for unlocking data and deriving business insights. The company’s key solutions include HPE SimpliVity, HPE 3PAR Storage, and HPE Nimble Storage all-flash arrays widely used in artificial intelligence, machine learning, and analytics data management. The company offers various storage solutions, namely all-flash and hybrid storage, data protection storage, storage for unstructured data, storage automation and management, storage for enterprise applications, storage for VMs and containers, and storage networking.

The company has a global geographical presence with offices in the Americas, Asia-Pacific, Europe, and the Middle East & Africa. HPE technology business partners include ABB, Acronis, Blackwood Systems, Eaton, Gemalto, Microsoft, Red Hat, and Veritas. Subsidiaries of the company include Nimble storage Inc., Aruba Networks International Limited, and Hewlett Packard GmbH.

NetApp, Inc.

Founded in 1992 and headquartered in California, U.S., NetApp, Inc. is a provider of hybrid cloud data services. The company generates most of its revenue from product sales. It offers various storage systems, namely all-flash, hybrid, and object storage systems. Under all-flash array products, the company offers A-series arrays (AFF), SolidFire, and EF-series, which are related to add-on hardware and operating system (OS) software, NetApp HCI, StorageGrid, and optional add-on software products. The company helps its customers adapt to cloud environments by offering data services across the world’s biggest clouds, such as Microsoft Azure, Amazon Web Services (AWS), and Google Cloud Platform.

The company’s customers include leading companies such as Fleetwood Australia, SAP, and OCBC NISP. NetApp has offices in the Americas, Europe, the Middle East & Africa, and Asia-Pacific. As of 2020, the company had a headcount of 10,800 employees worldwide. The company’s subsidiaries include Onaro Israel, Ltd., NetApp VTC, Inc., Decru Inc, and Akkori Networks, Inc.

International Business Machines Corporation

Founded in 1911 and headquartered in New York, U.S., IBM is a multinational company offering fast-growing solutions and platforms such as IBM Cloud, IBM Watson, IBM Security, IBM Blockchain, IBM Q, IBM Garage, and P-Tech, globally. The company operates through five business segments: Cloud & Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing. Storage solutions are offered under the Systems business segment. The segment includes solutions for information retention and archiving, security, compliance, and storage optimization, including data deduplication, availability, and virtualization. The company’s product portfolio consists of a broad range of flash, disk, and tape storage solutions that enable data privacy and protection using software-defined storage for data flow between storage devices and applications for data management and multi-cloud flexibility. The company offers network-attached storage (NAS), all-flash storage, hybrid storage, tape storage, and storage area networks.

The company has a global geographic presence with offices in more than 175 countries across the Americas, Europe, Asia-Pacific, and the Middle East & Africa. It has more than 4,500 patents in the fields of Artificial Intelligence, Cloud Cyber Security, and Quantum Computing.

Huawei Technologies CO. Ltd.

Founded in 1987 and headquartered in Shenzhen, China, Huawei Technologies is a leading global provider of information and communications technology infrastructure and smart devices. The company operates through four business segments: Carrier Business, Enterprise Business, Consumer Business, and Other. The company’s storage products are used by all mainstream European carriers, and the company is a partner to more than 200 carriers worldwide. Under carrier IT infrastructure, the company offers OceanStor all-flash storage and a next-generation distributed storage system for quick service responses and no service interruptions. It also offers storage technology with reliable services for Artificial Intelligence, multi-protocol interworking, efficient reduction algorithms, and multi-level reliability.

As of December 31, 2019, the company had more than 85,000 active patents and a total headcount of approximately 194,000 employees globally. The company operates its business in more than 170 countries across Europe, the Middle East & Africa, Asia-Pacific, the Americas, and other regions. Huawei’s OceanStor storage has been deployed in more than 150 countries and is used by more than 12,000 customers from various sectors such as government, manufacturing, healthcare, transportation, finance, and energy.


Founded in 1935 and headquartered in Tokyo, Japan, Fujitsu provides next-generation data storage systems for enterprises operating across various industries. The company operates through three business segments: Technology Solutions, Ubiquitous Solutions, and Device Solutions. Storage systems are offered under the System Platforms subsegment of the Technology Solutions business segment. The company offers direct-attached storage systems with large storage capacities to store the large volumes of data managed by the Fujitsu Software Server View Suite. The company offers all-flash storage systems with monitoring features for data replication, operation of storage clusters, and data backup and recovery for small and medium-sized businesses.

A report into the projected growth of the current Next-generation Data Storage Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2027, it’s expected to have grown at a CAGR of 10.1%, reaching over $56.7 billion.

The company’s storage partners are NetApp, Veritas, Quantum, Brocade, Oracle, and Commvault Veeam. The company operates its business across North America, Central America, South America, Europe, Africa, Asia, and Oceania.


Incorporated in 1910 and headquartered in Tokyo, Japan, Hitachi is a multinational conglomerate providing IT, energy, mobility, and Smart Life solutions. The company operates through the IT, Energy, Industry, Mobility, Smart Life, Hitachi Chemical, Hitachi Metals, Hitachi Construction Machinery, and Hitachi High-tech business segments. Under the IT business segment, the company provides servers, control systems, system integration, and cloud services. The company’s subsidiaries include Hitachi Vantara, Hitachi Chemical Co., Ltd, Hitachi High-Tech Corp., Hitachi Construction Machinery Co., Ltd, Hitachi Metals Ltd., and Hitachi-LG Data Storage Inc. The company offers storage solutions under its subsidiary—Hitachi Vantara LLC. Hitachi’s storage solutions include flash storage, object storage, network-attached storage, and Everflex. The company has its presence across North America, Asia-Pacific, and Europe.

Inspur International Ltd.

Founded in 1945 and headquartered in Jinan, China, Inspur is a leading global data center and cloud computing solutions provider that offers robust, performance-optimized, and purpose-built platforms for major data centers worldwide. The company operates through three business segments: Cloud Services, Management Software, and the Internet of Things. The company operates in the next-generation data storage market through the Management Software business segment. The products offered by the company include all-flash storage and hybrid-flash storage. The company offers all-flash storage and hybrid-flash storage featuring both SAS and NAS under data storage systems. The storage devices are designed for large and medium-sized OLTP/OLAP databases for data storage, recovery, backup, and file sharing. The company offers All-Flash NVMe with a latency rate of 0.1 ms for ultra-high performance.

Inspur’s business partners include Intel, Nvidia, IBM, Seagate, SanDisk, Micron, Cisco, and Western Digital. The company has its geographic presence in Europe, North America, Asia, Africa, Latin America & the Caribbean, the Middle East, and Turkey.


Founded in 1996 and headquartered in California, U.S., NETGEAR is a multinational company offering hardware networking products. The company offers innovative, advanced networking technologies and internet-connected products to its customers. It operates through two business segments: Connected Homes and Small and Medium Businesses (SMBs). The network-attached storage series offers data security and data backup capabilities with thin provisioning and real-time antivirus for small and medium businesses.

The business partners of the company are Avaya, Bitdefender, Cavium Networks (Marvell Technology Group), Circle, Citrix, Clear Access, Conexant, Incognito Software, Intel, Microsoft, Mobotix, Ookla, Rhapsody, Shareband, Skifta, Storage Craft, T-Mobile HotSpot, Veeam, and Extron, among others. As of 2019, the company had a headcount of 809 full-time employees. The company has its geographic presence in the Americas, Europe, Middle East & Africa, and Asia-Pacific. The company’s subsidiaries include Infrant Technologies LLC, SkipJam Corp., Netgear U.K. Limited, and Netgear Taiwan Co., Ltd.

Pure Storage Inc.

  Founded in 2009 and headquartered in California, U.S., Pure Storage is a public company offering all-flash storage hardware and software solutions with low-cost data backup and short recovery times. The company generates most of its revenue from its Product segment. The company offers next-generation primary storage and backup (a combination of Pure Storage all-flash storage, Veeam Backup & Replication software, and ExaGrid backup storage) to improve storage performance, data backup, and data recovery.

The company’s subsidiaries include Pure Storage Germany GmbH, Pure Storage India Pvt Ltd, StorReduce, Inc., Pure Storage Hong Kong Ltd., Pure Storage International Limited, and Pure Storage LLC. As of 2020, the company had a headcount of approximately 3400 employees. The company’s strategic partners are Amazon Web Services, Cisco, Intel, Microsoft, NVIDIA, VMware, and SAP.

Popular Mentions: Cloudian, Inc., Drobo, Inc., Nutanix, Inc., Western Digital Corporation, and Samsung Electronics Co., Ltd.

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Authoritative Research on the Next-generation Data Storage Market – Global Opportunity Analysis and Industry Forecast (2020-2027)

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  • Recent financial performance
  • Key products
  • Significant company strategies
  • Partnerships and acquisitions
  • Impact of COVID-19 on the Next-generation Data Storage Market

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