Immunohistochemistry Market Revenue Reach $3.1 Billion | Global Industry Report Forecast 2025 | Market Research Report

The global immunohistochemistry market size is estimated to reach a value of USD 3.1 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to witness a revenue-based CAGR of 8.8% over the forecast period. High prevalence of cancer and increasing healthcare expenses driven by expanding aging population base are recognized as the most influential factors driving the market.

Cancer has high morbidity and mortality risk. Diagnosis of this disease majorly depends on the stage of the disease at admission. This has led to high demand of immunohistochemistry (IHC) products. IHC staining process is performed on cancer tissues to reveal the presence of HER2 receptors and/or hormone receptors on their surface. This information plays a vital role in planning cancer treatment. This factor is anticipated to drive demand in near future. In addition, rising popularity of targeted immunotherapy and biologic therapy for anticancer drug development and increasing Food and Drug Administration (FDA) approvals are expected to boost market growth in near future.

Significant rise in healthcare spending and shift in focus on value-based healthcare solutions can further impel growth of the immunohistochemistry market over the forecast period. According to the Centers of Medicare & Medicaid Services (CMS) projections, the National Health Expenditure is anticipated to rise at an average of 5.5% every year from 2017 to 2026. It is expected to reach around USD 5.7 trillion by 2026. Hospitals and care facilities are adopting a more specific and targeted therapy for better outcomes and to establish a move value-based healthcare delivery.

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Further key findings from the study suggest:

• Antibody segment accounted for the largest market share due to rising regulatory approvals for therapeutic antibody products
• North America registered the highest CAGR in 2017 owing to well-established healthcare infrastructure and favorable reimbursements
• APAC is expected to witness the fastest CAGR owing to increasing healthcare expenses and aging population
• Diagnostics segment dominated the immunohistochemistry market in 2017 owing to high prevalence of cancer and other such chronic diseases
• Hospitals and diagnostic laboratories is anticipated to exhibit significant CAGR over the forecast period due to increasing disease prevalence and high number of these facilities with advanced infrastructure
• Some of the key market players are Abcam plc; Agilent Technologies; Bio-Rad Laboratories, Inc.; Cell Signaling Technology, Inc.; Danaher Corporation; Merck KGaA; PerkinElmer, Inc.; and Thermo Fisher Scientific, Inc.

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Grand View Research has segmented the global immunohistochemistry market on the basis of product, application, end use, and region:

Immunohistochemistry Product Outlook (Revenue, USD Million, 2014–2025)

• Antibodies
• Primary Antibodies
• Secondary Antibodies
• Equipment
• Slide Staining Systems
• Tissue Microarrays
• Tissue Processing Systems
• Slide Scanners
• Others
• Reagents
• Histological Stains
• Blocking Sera and Reagents
• Chromogenic Substrates
• Fixation Reagents
• Stabilizers
• Organic Solvents
• Proteolytic Enzymes
• Diluents
• Kits

Immunohistochemistry Application Outlook (Revenue, USD Million, 2014–2025)

• Diagnostics
• Cancer
• Infectious Diseases
• Cardiovascular Diseases
• Autoimmune Diseases
• Diabetes Mellitus
• Nephrological Diseases
• Drug Testing

Immunohistochemistry End Use Outlook (Revenue, USD Million, 2014–2025)

• Hospitals and Diagnostic Laboratories
• Research Institutes
• Others

Variable Frequency Drive Market Future Outlook To Reach $33.10 Billion By 2025 | Market Research Report

The global variable frequency drive (VFD) market size is expected to reach USD 33.10 billion by 2025, according to a study conducted by Grand View Research, Inc., posting a CAGR of 6.7% during the forecast period. Growing awareness and demand for energy efficiency, favorable government norms and regulations, and rising technological advancements are likely to provide a fillip to the market. Integration of VFDs with electric drives enable end-users to control the speed and torque of drives. It thereby, helps in increasing their operating efficiency and concurrently reducing the energy consumption.

A large number of VFD manufacturers such as ABB, Ltd., Danfoss Global, Siemens AG, and Schneider Electric SE are developing differentiated products on the basis of functionalities, along with integrated sensors, to maintain their strong foothold in this price sensitive arena. Asia Pacific is projected to dominate the market during the forecast period due to improving economic conditions and rapid industrialization. Additionally, increasing commercial activities are augmenting the market in the region.

Stringent government regulations mandating the use of energy efficient devices, along with increasing energy prices, are also encouraging deployment of VFDs across multiple market domains. Additionally, rising investments in promoting energy efficiency are escalating the growth of the variable frequency drive market.

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Further key findings from the study suggest:

• AC VFDs offer easy integration and low maintenance cost. Therefore, the segment is expected to emerge as the leading as well as the fastest growing segment over the forecast period
• Demand for VFDs is estimated to increase in the pumps application segment owing to increasing penetration of these drives in hydraulic operations across the oil & gas and wastewater industries.
• Latin America is anticipated to be the fastest-growing region over the forecast period due to spiraling adoption of VFDs across emerging industrial sectors in the region
• Some of the prominent industry players are ABB, Ltd.; Siemens AG; Schneider Electric SE; Rockwell Automation; Inc.; Danfoss Global; and WEG.

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Grand View Research has segmented the global variable frequency drive market based on product type, power range, application, end-use, and region:

Variable Frequency Drive Product Type Outlook (Revenue, USD Million, 2014–2025)

• AC Drives
• DC Drives
• Servo Drives

Variable Frequency Drive Power Range Outlook (Revenue, USD Million, 2014–2025)

• Micro
• Low
• Medium
• High

Variable Frequency Drive Application Outlook (Revenue, USD Million, 2014–2025)

• Pumps
• Electric Fans
• Conveyors
• HVAC
• Extruders
• Others

Variable Frequency Drive End-Use Outlook (Revenue, USD Million, 2014–2025)

• Oil & Gas
• Power Generation
• Industrial
• Infrastructure
• Automotive
• Food & Beverages
• Others

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E-waste Management Market Future Outlook To Reach 63.7 Million By 2025 | Market Research Report

The global e-waste market generated is expected to reach 63.705 million metric Tons by 2025, according to a study conducted by Grand View Research, Inc. The rising disposable income in developing countries coupled with consumer’s inclination toward technologically advanced gadgets have resulted in the significant sales of electronic devices across the globe, thereby driving the e-waste management market.

Furthermore, with the increasing use of electronic devices across the world, the amount of waste generated has also substantially increased over the years. The disposal of e-scrap has become a key concern for developing as well as developed economies since health hazards associated with e-scrap landfill and incineration are considerable. Hence, the need to manage and recycle this waste is expected to emerge as a primary need for numerous nations worldwide, which, in turn, is expected to positively impact the growth of the e-waste management market over the next nine years.

Additionally, a majority of nations across the globe have regulated electronic scrap generation and their treatment procedures. For instance, the European Union (EU) has authorized all electronic goods manufacturers to undertake the responsibility for the treatment of end-of-life products. A few of these regulations include the Restriction of Hazardous Substances Directive (RoHS), the Basel Convention, and the Waste Electrical and Electronic Equipment Directive (WEEE), among others. Waste management initiatives and programs also help in job creation and imparting technological knowledge, thus aiding in poverty alleviation and enhanced health conditions.

However, high costs associated with e-waste recycling are expected to hinder the market growth. Moreover, the procurement of high-end machinery to effectively recycle the scrap coupled with instructing the workers about the meticulous execution of every step remain to be the major hurdles in the growth of the e-waste management market. However, increasing the awareness about the hazardous effects of e-waste on human health along with strict regulations concerning the generation and treatment of e-waste in a majority of countries are expected to reduce the effect of these challenges over the forecast period.

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Further key findings from the study suggest:

• The global e-waste management market stood at 44.69 million metric tons in 2016. Increasing government regulations regarding adequate e-scrap treatment along with increasing mid-income population in developing economies
• The metal segment accounted for the highest market share in 2016. Electronic components are mainly made up of metals that are used for various purposes such as tracks in PCBs and peripheral equipment, which, in turn, is anticipated to drive the segment growth over the forecast years.
• The consumer electronics segment held the highest market share in 2016. The rising disposable income coupled with falling prices of consumer electronics are key reasons that are positively affecting the consumer electronic market.
• The disposal segment held the highest market share in 2016. However, the recycling segment is anticipated to grow at a substantial CAGR of over 3.0% owing to programs undertaken by numerous governments and NGOs that focus on effective collection, treatment, and recycling of e-scrap.
• Prominent market participants include Electronic Recyclers International, Inc., Enviro-Hub Holdings Ltd., MRI (Australia) Pty Ltd., Sims Recycling Ltd., Umicore S.A., and Waste Management, Inc., among others.

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Grand View Research has segmented the global e-waste management market on the basis of processed material, source, application, and region:

E-waste Management Processed Material Outlook (Volume, Million Metric Tons, 2014–2025)

• Metal
• Copper
• Steel
• Others
• Plastic
• Glass
• Others

E-waste Management Source Outlook (Volume, Million Metric Tons, 2014–2025)

• Industrial Electronics
• IT & Telecom Equipment
• Datacenters
• Networking Cards/Equipment
• Digital Boards
• Others
• Medical Equipment
• Monitoring And Control Equipment
• Others
• Consumer Electronics
• Household Appliances
• Refrigerator
• Television
• Others
• Handheld Electronics
• Smartphones
• Tablets
• Wearables
• Others
• IT Accessories
• Keyboards
• Mice
• Laptop Cases
• USD Memory Sticks
• Others
• IT Equipment
• Desktops
• Laptops
• Netbooks
• Others
• PCBs
• High-grade
• Medium-grade
• Low-grade
• Others

Application Outlook (Volume, Million Metric Tons, 2014–2025)

• Disposal
• Reuse
• Landfill
• Incineration
• Recycle

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Coronary Artery Bypass Graft Market

Coronary Artery Bypass Graft Market Is Expected At A CAGR Of 7.89% 2025 | Market Research Report

The global coronary artery bypass graft (CABG) market is expected to reach USD 127.6 million by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness lucrative growth over the forecast period, owing to increasing prevalence of Cardiovascular Diseases (CVDs) such as Coronary Artery Disease (CAD) or Coronary Heart Disease (CHD) coupled with rising geriatric population across the globe.

Favorable reimbursement policies, such as the U.S. Medicare (federal health insurance program) system, Medicaid, and National Health Insurance (NHI) have been a prime growth factor for the CABG market. Medical device companies provide new product platforms, which are covered under reimbursement programs that benefit the patients. Reimbursement services provided by Medicare and other insurers to physicians and hospitals is expected to fuel the demand for the adoption of CABG devices such as catheters, cannulae, retractors, positioners & stabilizers, suction devices, and syringes during the forecast period.

U.S. coronary artery bypass graft (CABG) market, by type, 2014–2025 (USD Million)

U.S. coronary artery bypass graft (CABG) market, by type, 2014 - 2025 (USD Million)

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Further Key Findings from the Study Suggest:

• The saphenous vein grafts segment held a profitable revenue share in 2016 and is anticipated to grow at a significant rate over the forecast period
• The off-pump CABG segment is anticipated to witness the fastest growth over the forecast period owing to the benefits offered by this technology such as increased safety, effective, reduced chances of bleeding during the surgery, low chances of stroke, low need for blood transfusions, low injury to the heart muscle, and improved quality of life
• The endoscopic vein harvesting segment is expected to gain the market share over the forecast period as it eliminates the requirement for long incisions associated with open (conventional) harvesting, resulting in reducing the risk of wound infection and other complications, minimizing postoperative pain, and increasing the patient satisfaction level
• North America is expected to dominate the CABG market during the forecast period, owing to the rising prevalence of CVDs in the U.S. and Canada. In addition, increasing per capita healthcare spending and growing population in the region are expected to spur the growth of this vertical.
• Some of the key players of this market are Medtronic; TERUMO CORPORATION; Guidant Group; MAQUET Holding B.V. & Co.KG; Vitalitec International, Inc.; Novadaq Technologies Inc.; KARL STORZ GmbH & Co. KG; Edwards Lifesciences; Genesee Biomedical Inc.; and Sorin Group

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Grand View Research has segmented the global CABG market on the basis of type, surgical procedure, technology, technique, and region:

CABG Market: Type Outlook (Revenue, USD Million, 2014–2025)

• Saphenous Vein Grafts
• Internal Thoracic Artery Grafts
• Other
• Radial Artery
• Gastroepiploic Artery

CABG Market: Procedure Outlook (Revenue, USD Million, 2014–2025)

• Single CABG Surgery
• Double CABG Surgery
• Triple CABG Surgery
• Quadruple CABG Surgery

CABG Market: Technology Outlook (Revenue, USD Million, 2014–2025)

• On-Pump CABG
• Off-Pump CABG

CABG Market: Technique Outlook (Revenue, USD Million, 2014–2025)

• Conventional Vessel Harvesting
• Endoscopic Vessel Harvesting

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Data Preparation Tools Market

Data Preparation Tools Market Is Expected At A CAGR Of 25.1% 2025 | Market Research Report

The global data preparation tools market size is anticipated to reach USD 8.47 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 25.1% over the forecast period. Data preparation tools can help organizations augment their efficiency by ensuring easy access to data. Increasing demand for data analytics, particularly in IT and retail sectors, is expected to drive demand for data preparation tools.

The growth of the data preparation tools market can be attributed particularly to capabilities of self-service data preparation tools to ensure easy interchangeability, collaboration, and profiling of data. These tools can also address concerns associated with safety of the data. Demand for self-service data preparation tools will continue to increase as data analytics companies continue to demand efficient solutions to access and analyze large volumes of data.

On-premise deployment of data preparation tools accounted for the largest revenue share in 2016 as organizations prefer to adopt conventional data collection and preparation techniques. However, demand for deployment of data preparation tools over the cloud is expected to grow over the forecast period, as cloud deployment can ensure easy access to data via virtual sources.

Data preparation tools help enterprises collect, analyze, and standardize data. The data collection segment accounted for the largest market share of more than 28.0% in 2016. However, the data governance segment is expected to expand noticeably over the forecast period.

North America accounted for the largest share in the data preparation tools market in 2016. Demand for data preparation tools is expected to increase over the forecast period in line with growing adoption of data preparation tools for data analytics in U.S. However, Asia Pacific is expected to exhibit the highest CAGR over the forecast period.

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Further key findings from the report suggest:

• Demand for data preparation tools is expected to increase as various companies jointly adopt data governance initiatives
• The market size of the IT and telecom segment is anticipated to expand at a CAGR of 26.8% over the forecast period
• Asia Pacific is expected to witness significant growth over the forecast period owing to large-scale adoption of data preparation tools in retail analytics
• Alteryx, Inc.; Datawatch Corporation; Informatica Corporation; International Business Machines Corporation; Microsoft Corporation; MicroStrategy Incorporated; Qlik Technologies Inc.; SAP SE; SAS Institute Inc.; and Tibco Software Inc. are some of the key players in the market for data preparation tools.

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Grand View Research has segmented the global data preparation tools market based on platform, function, deployment, vertical, and region:

Data Preparation Tools Platform Outlook (Revenue, USD Million, 2014–2025)

• Self-service
• Data integration

Data Preparation Tools Function Outlook (Revenue, USD Million, 2014–2025)

• Data collection
• Data cataloging
• Data quality
• Data governance
• Data ingestion
• Data curation

Data Preparation Tools Deployment Outlook (Revenue, USD Million, 2014–2025)

• On-premise
• Cloud

Data Preparation Tools Vertical Outlook (Revenue, USD Million, 2014–2025)

• IT and Telecom
• Retail and E-commerce
• BFSI
• Government
• Healthcare
• Energy and Utilities
• Transportation
• Manufacturing
• Others

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IoT in Retail Market Revenue Reach $94.44 Billion | Global Industry Report Forecast 2025 | Market Research Report

Connected technology is reshaping the retail landscape to produce data that can be leveraged to improve operations. The adoption of smart devices is expected to reduce the shopping time of customers. Retailers are slowly evolving to explore advanced ways to connect with smart devices for enhancing the in-store experience. In consumer electronics and home improvement sectors, retailers are driving the sales of connected devices and extending their operations for creating new revenue streams.

One of the developments includes the adoption of location-based beacon technology, which is used to interact with customers directly. Beacons are small battery-powered devices using the Bluetooth Low Energy (BLE) technology to transmit the signal to connected objects. Multiple beacons are positioned inside the stores to broadcast relevant product information to customers on their portable devices. For instance, department store brands, such as Hudson’s Bay and Lord & Taylor, have deployed Apple’s iBeacon technology to deliver personalized promotions to customers.

Retailers are leveraging an ample amount of data gathered by these interactions to improve operational efficiency. The use of IoT sensors to track consumer’s path inside the store is improving the merchandise placement strategy. For instance, Hugo Boss tracks customer movements with the help of heat sensors which are installed in in its clothing section. The tracking of consumer path helps retailers to manage the placement of premium products in high-traffic areas.

Connected products and devices provide retailers with ample opportunities to optimize store operations such as supply chain, logistics, and inventory management. IoT devices are integrated within the supply chain to improve store operations further, thereby reducing the costs. For instance, RFID tags and readers are improving the precision of inventory tracking. IoT-enabled sensors assist store managers in monitoring the temperature and lighting control for the cost-effective energy usages. These connected platforms offer a direct channel to retailers for generating potential information related to utility usage, consumption trends, and consumer behavior.

The declining component cost is providing traction to the growth of the retail IoT market. The architectural similarities between devices and network levels are contributing to the declining cost as IoT is benefitting from the ongoing advancements. Advancements in the functionality of smartphones along with the increase in competition and large volume adoption have dramatically reduced the prices throughout the value chain.

In-depth report on global internet of things (IoT) in retail market by Grand View Research:

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Neuromorphic Computing Market Is Expected At A CAGR Of 20.2% 2024 | Market Research Report

The global neuromorphic computing market size is expected to reach USD 6.48 billion by 2024, according to a new study by Grand View Research, Inc., registering a 20.2% CAGR during the forecast period. Rising demand for artificial intelligence and cognitive and brain robots is acting as a major growth driving factor for the market.

Neuromorphic chips allow users to avail numerous advantages such as high speed, low power consumption, cognitive computing, and optimum usage of memory. In addition, these chips find high application in aerial surveillance, satellite imagery, and audio and signal processing. There has been considerable demand from a wide range of industrial verticals, such as consumer electronics, automotive, robotics, and military and defense.

Major industry players are focusing on development of neural processing units, which can be combined in a processor chip for reverse-engineering of the human brain. Companies increasingly making significant investments in R&D activities pertaining to development of neuroscience and computing before foraying into the industry.

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Further key findings from the study suggest:

• The consumer electronics end-use segment dominated the global neuromorphic computing market, accounting for a share of over 62.0% in 2016. This can be attributed to increasing utilization of brain computers and smart wearable devices
• North America dominated the market and acquired 34.0% of the total market in 2016. This can be majorly attributed to presence of key neuromorphic chip vendors in the region
• The signal processing application segment accounted for 30.0% of the global revenue in 2016, owing to increasing demand for processing acoustic and audio signals
• Key industry participants include Brain Corporation (U.S.); CEA Leti (France); General Vision, Inc. (U.S.); Hewlett Packard (U.S.); HRL Laboratories LLC (U.S.); IBM Corporation (U.S.); Intel Corporation (U.S.); Knowm Inc. (U.S.); Numenta, Inc. (U.S.); Qualcomm Inc. (U.S.); and Vicarious FPC, Inc. (U.S.)
• Industry vendors are emphasizing on product development for new applications and forming technology alliances to gain a competitive edge in the industry.

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Grand View Research has segmented the global neuromorphic computing market report on the basis of application, end use, and region:

Neuromorphic Computing Application Outlook (Revenue, USD Million, 2016–2024)

• Signal Processing
• Data Processing
• Image Processing
• Object Detection
• Others

Neuromorphic Computing End-use Outlook (Revenue, USD Million, 2016–2024)

• Consumer Electronics
• Automotive
• Healthcare
• Military & Defense
• Others

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SSD Market

Solid State Drive Market Is Projection To Reach $25.51 Billion By 2025| Market Research Report

The global solid state drive (SSD) market size is expected to reach USD 25.51 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 14.7% during the forecast period. The market is majorly driven by increasing penetration of high-end cloud computing, growing adoption of SSDs in data centers, and numerous advantages of SSDs over hard disk drives (HDDs).

Intensive use of social media, booming online commerce, and surge in media content will play a critical role in driving the SSD market over the forecast period. The average household’s storage capacity is expected to increase over the coming years due to popularity of smartphones and tablets, which has allowed consumers to generate large volumes of digital data and content. This has led to growing demand for sufficient capacity to store content.

Rising adoption of SSDs in data centers is a result of various factors such as its greater efficiency compared to traditional HDD storage, increased demand for storage infrastructure, and advancements in enterprise-level SSD in terms of reliability and performance. Enterprises prefer SSDs because they consume less energy, allow for reduction in sprawl, and result in a smaller environmental footprint.

The North American region led the market in terms of revenue in 2016. The exchange rate of hard disk drives (HDDs) with SSDs is higher in North America as compared to other regions. Similarly, manufacturers are focusing on product differentiation and innovation to increase geographical reach as well as revenue. This will further help accelerate demand for SSDs.

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Further key findings from the report suggest:

• Intensive use of social media, booming online commerce, and surge in media content will play a critical role in driving the SSD market over the forecast period
• The average household’s storage capacity is expected to increase over the coming years due to popularity of smartphones and tablets, which has allowed consumers to generate large volumes of digital data and content. This has led to growing demand for sufficient capacity to store content
• The South America and MEA markets are majorly driven by increasing usage of laptops and smartphones embedded with SSDs. Increasing knowledge about advantages of SSDs over HDDs is expected to boost demand for SSDs over the forecast period in these regions. On the other hand, high price of SSDs is expected to negatively impact demand
• Key players in the market include Intel Corporation; Micron Technology, Inc.; Samsung Electronics Co., Ltd.; Seagate Technology PLC; and Western Digital Corporation.

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Grand View Research has segmented the global solid state drive market based on type, storage, end use, and region:

Solid State Drive Type Outlook (Volume, Million Units; Revenue, USD Million, 2014–2025)

• External
• Internal

Solid State Drive Storage Outlook (Volume, Million Units; Revenue, USD Million, 2014–2025)

• Under 120 GB
• 120GB-320GB
• 320GB-500GB
• 500GB-1TB
• 1TB-2TB
• Above 2TB

Solid State Drive End Use Outlook(Volume, Million Units; Revenue, USD Million, 2014–2025)

• Enterprise
• Small
• Medium
• Large
• Client

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Next-Generation Data Storage Market Opportunities To Reach $118.22 Billion By 2025 | Market Research Report

The global next-generation data storage market size is expected to reach USD 118.22 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to record a CAGR of 12.5% from 2019 to 2025. The market growth is driven chiefly by the rising consumer need for reliable, secure, and cost-efficient ways of storing and managing information.

Increase in digitization of information is also one of the key drivers of the market. Furthermore, IoT and embedded devices generate information, log files, and metadata. Securely storing large-scale datasets is the need of the hour and cloud computing is positioned to cater to this need of the market efficiently. Advancements and the increased adoption of cloud computing technologies and services such as hybrid cloud, IoT, BDaaS, and PaaS are also expected to play a crucial role in the growth of the market in the near future.

The demand for next-generation data storing platform and technologies is also expected to rise in the face of the emergence of smart machines such as self-driving cars and robots. Connectivity with the internet and the presence of a variety of sensors and data storing systems in these machines make them a good source of an unprecedented volume of digital information that can be collected and analyzed for a range of purposes. These software-enabled machines are often controlled and operated from centralized remote points, necessitating the use of advanced and reliable solutions for storing information. Thus, the rising adoption of such machines is expected to drive the market in the near future.

The storing, management, and organization of data across various industries and sectors are often subject to specific data requirements of operations and processes specific to the industry or sector. Moreover, industrial expertise and technological advancements must be combined to achieve high-speed, large-scale, efficient, and secure data storage. These complex requirements could hinder the adoption of a variety of next-generation data storing solutions, especially in small- and medium-sized companies that lack the required infrastructure. Nevertheless, the emergence of advanced and economical technologies — backed by an increase in funding for R&D in emerging and investigational products — indicate a promising future for the global next-generation data storage market.

The competitive landscape of the market is highly competitive owing to the presence of a number of well-established companies. Some of the leading companies in the market are Hewlett Packard Enterprise Company, Hitachi, Ltd., NetApp, Inc., Dell Inc., IBM Corporation, Micron Technology, Inc., Netgear Inc., and Inspur.

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Further key findings from the study suggest:

• Penetration of next-generation data storing devices in developing countries could be challenged by financial constraints
• The Network-Attached Storage (NAS) technology segment is positioned to witness the fastest growth over the forecast period
• The growing need to manage large volumes of structured and unstructured data will promote the growth of the NAS technology segment
• The Solid State Drive (SDD) technology offers more secure data encryption and storage using electronic chips, driving the demand for SSDs across a rising set of applications
• The Asia Pacific regional next-generation data storage market is likely to witness the fastest growth, driven by a rise in disposable income and growing consumer awareness regarding the benefits of next-generation data storing devices

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Grand View Research has segmented the global next-generation data storage market based on technology, technique, type, end user, and region.

Next-Generation Data Storage Technology Outlook (Revenue, USD Million, 2014–2025)

• Magnetic Storage
• SSD
• Hybrid Flash Array

Next-Generation Data Storage Technique Outlook (Revenue, USD Million, 2014–2025)

• Direct-Attached Storage
• Network-Attached Storage
• Storage Area Network
• Others

Next-Generation Data Storage Type Outlook (Revenue, USD Million, 2014–2025)

• Local (on-premise)
• Remote (cloud)
• Hybrid

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