India Next Generation Data Storage Market (2022-2028) | Growth, Revenue, Size, Industry, Outlook, Share, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

India Next Generation Data Storage Market Synopsis

The India Next Generation Data Storage Market is projected to grow at a faster pace over the next five years. The market is witnessing an increasing demand for advanced storage solutions as businesses adopt data-driven initiatives to achieve competitive advantages.

This growth can be attributed to several factors, such as increasing adoption of big data and analytics solutions, increased focus on digital transformation, and rising investments in R&D activities across various sectors. Furthermore, the growing need for secure and reliable storage solutions across various industries is also fueling market growth.

According to 6Wresearch, the India Next Generation Data Storage Market size is expected to grow during 2022-2028. One such government initiative is the Digital India Programme, which aims to provide 100 million rural Indians with access to digital services by 2020. The programme has resulted in increased investments in big data and analytics as well as an increased focus on mobile technology. In addition, the government has also initiated initiatives such as the National Innovation Foundation (NIF) and Start-Up India Programme to encourage innovation and entrepreneurship. These initiatives are expected to result in increased spending on next generation data storage solutions among startups and small businesses.

COVId-19 Impact on India Next Generation Data Storage Market

The COVID-19 pandemic outbreak compelled institutions and companies to adopt remote working as a precautionary measure to prevent the spread of the coronavirus. Thus, most organisations in numerous industries, such as education and healthcare, providing their services electronically. Due to this there was an influx in demand for cloud computing services since companies adapt to work remotely and people turn to online modes. This shift from offline to online led to a faster increase in the volume of data generated from several sources.

Market Analysis by Storage Architecture

On the basis of storage architecture, the market is segmented into File And Object-Based Storage (FOBS), and Block Storage. All these segments have been growing effectively in the market. 

Market Analysis by Storage Medium

On the basis of storage medium, the market is segmented into SSD, HDD, and Tape. Among these, the HDD segment is expected to boost the market growth. The main usage of HDD is to storing sensitive data. 

Market Analysis by Storage System

On the basis of storage system, the market can be divided into Direct Attached Storage (DAS), Network Attached Storage (NAS), and Storage Area Network (SAN). All these segments have been progressing well in the market. 

Market Analysis by End-User

On the basis of end-user, the market is segmented into Enterprise, Government, Cloud Service Providers, and Telecom. All these segments are growing well in the Next Generation data Storage Market in India. 

Competitive Landscape

Some of the key market players in the India Next Generation Data Storage market are IBM Corporation (US), Hewlett Packard Enterprise Company (US), Dell Inc. (US), Oracle Corporation (US), Microsoft Corporation (US), SAS Institute Inc. (US), Bloomberg LP (UK) Ltd., Fujitsu Limited (Japan), Hitachi Ltd. (Japan), Infosys Limited (India), NetApp, Symantec Corporation (US) , Red Hat Inc. (US) , and Lenovo Group Limited(China).

India Next Generation Data Storage Industry Drivers

This growth can be attributed to the increasing adoption of cloud-based solutions, expanding investments in big data and analytics, and rising demand for secure storage solutions among businesses. However, several factors that could slow growth in the India Next Generation Data Storage market include government initiatives to promote traditional storage solutions and increasing competition from regional players.

One such government initiative is the Digital India Programme, which aims to provide 100 million rural Indians with access to digital services. The programme has resulted in increased investments in big data and analytics as well as an increased focus on mobile technology. In addition, the government has also initiated initiatives such as the National Innovation Foundation (NIF) and Start-Up India Programme to encourage innovation and entrepreneurship. These initiatives are expected to result in increased spending on next generation data storage solutions among startups and small businesses.

However, these initiatives may face resistance from large incumbents who are likely to invest in traditional storage solutions instead of developing new technologies. Furthermore, increasing competition from regional players could limit growth potential in the India Next Generation Data Storage market. Players such as Japan's Hitachi Ltd., China's Huawei Technologies Co., Ltd., and South Korea's Samsung Electronics Co., Ltd. have been aggressively expanding their presence in the Indian market over the past few years. These players are likely to challenge established vendors such as IBM Corp.,  Dell Inc., and Hewlett-Packard Co. in the near future.

Another factor that could limit growth in the India Next Generation Data Storage market is the increasing adoption of cloud-based solutions. As cloud-based solutions become more popular, consumers are likely to shift their spending from on-premises solutions to cloud-based storage solutions. This trend is expected to impact the India Next Generation Data Storage market negatively as on-premises solutions are generally more expensive than cloud-based ones.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• India Next Generation Data Storage Market Outlook
• Market Size of India Next Generation Data Storage Market, 2021
• Forecast of India Next Generation Data Storage Market, 2028
• Historical Data and Forecast of India Next Generation Data Storage Revenues & Volume for the Period 2018 - 2028
• India Next Generation Data Storage Market Trend Evolution
• India Next Generation Data Storage Market Drivers and Challenges
• India Next Generation Data Storage Price Trends
• India Next Generation Data Storage Porter's Five Forces
• India Next Generation Data Storage Industry Life Cycle
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Storage Architecture for the Period 2018 - 2028
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By File and Object-based Storage (FOBS) for the Period 2018 - 2028
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Block Storage for the Period 2018 - 2028
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Storage Medium for the Period 2018 - 2028
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By SSD for the Period 2018 - 2028
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By HDD for the Period 2018 - 2028
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Tape for the Period 2018 - 2028
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Storage System for the Period 2018 - 2028
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Direct Attached Storage (DAS) for the Period 2018 - 2028
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Network Attached Storage (NAS) for the Period 2018 - 2028
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Storage Area Network (SAN) for the Period 2018 - 2028
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By End User for the Period 2018 - 2028
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Enterprise for the Period 2018 - 2028
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Government for the Period 2018 - 2028
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Cloud Service Providers for the Period 2018 - 2028
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Telecom for the Period 2018 - 2028
• India Next Generation Data Storage Import Export Trade Statistics
• Market Opportunity Assessment By Storage Architecture
• Market Opportunity Assessment By Storage Medium
• Market Opportunity Assessment By Storage System
• Market Opportunity Assessment By End User
• India Next Generation Data Storage Top Companies Market Share
• India Next Generation Data Storage Competitive Benchmarking By Technical and Operational Parameters
• India Next Generation Data Storage Company Profiles
• India Next Generation Data Storage Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Storage Architecture

• File And Object-Based Storage (FOBS)
• Block Storage

By Storage Medium

• SSD
• HDD
• Tape

By Storage System

• Direct Attached Storage (DAS)
• Network Attached Storage (NAS)
• Storage Area Network (SAN) 

By End-User

• Enterprise
• Government
• Cloud Service Providers
• Telecom

India Next Generation Data Storage Market: FAQs