North America Next Generation Storage Market Size and Share - Outlook Report, Forecast Trends and Growth Analysis (2025-2034)
Description
The North America next generation storage market size reached USD 28.40 Billion in 2024. The market is expected to grow at a CAGR of 6.00% between 2025 and 2034, reaching almost USD 50.86 Billion by 2034.
North America next generation storage market growth is likely to be driven by increased IoT penetration, growing need for digitalization across households and companies, substantial growth in the ecommerce industry, and the construction of new data centres
The growth in the next generation storage market in North America may be attributed to the notable expansion of the Internet of Things' global penetration in sectors like manufacturing, retail, and healthcare, as well as the subsequent increase in cloud computing use. Further, the market is expanding owing to the digitization of information in homes and businesses, which is being aided by a rise in the usage of mobile computing devices including laptops, smartphones, and tablets.
The continuous flow of data is essential to e-commerce. Data is generated by each product listing, customer search, shopping cart generation, and order. For a number of uses, including fraud detection, inventory management, tailored marketing, and product suggestions, this information is crucial. Retail e-commerce sales in the United States during the fourth quarter of 2023 amounted to USD 285.2 billion, up 0.8 percent from the third quarter of 2023, according to the Census Bureau of the Department of Commerce.
The US-based cloud firm Expedient announced in February 2024 that it has added a former Nationwide Mutual Insurance Company data centre to its portfolio. The 102,000 square foot facility is Expedient's fifth data centre in Ohio and its 15th data centre nationwide. It is situated close to Columbus, Ohio. Moreover, it is expected that Nexstar Media Group, Stream Data Centers, and Aligned Data Centers would all build data centre campuses in the Elk Grove neighbourhood of Chicago, Illinois, which will boost demand for next-generation storage in North America.
Market Segmentation
North America Next Generation Storage Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Storage System
Direct-Attached Storage (DAS)
Network-Attached Storage (NAS)
Storage Area Network (SAN)
Market Breakup by Deployment Mode
On-Premises
Cloud
Hybrid
Market Breakup by Storage Architecture
File and Object-Based Storage
Block Storage
Market Breakup by End Use
BFSI
IT and Telecom
Retail
Healthcare
Media and Entertainment
Others
Market Breakup by Country
United States of America
Canada
The North America next generation storage market key players are Dell Inc., HP Inc., IBM Corp., NetApp, Inc., Hitachi Ltd., Kioxia Holdings Corporation, Fujitsu Ltd., NETGEAR, Inc., Pure Storage Inc., and DataDirect Networks, Inc., among others.
North America next generation storage market growth is likely to be driven by increased IoT penetration, growing need for digitalization across households and companies, substantial growth in the ecommerce industry, and the construction of new data centres
The growth in the next generation storage market in North America may be attributed to the notable expansion of the Internet of Things' global penetration in sectors like manufacturing, retail, and healthcare, as well as the subsequent increase in cloud computing use. Further, the market is expanding owing to the digitization of information in homes and businesses, which is being aided by a rise in the usage of mobile computing devices including laptops, smartphones, and tablets.
The continuous flow of data is essential to e-commerce. Data is generated by each product listing, customer search, shopping cart generation, and order. For a number of uses, including fraud detection, inventory management, tailored marketing, and product suggestions, this information is crucial. Retail e-commerce sales in the United States during the fourth quarter of 2023 amounted to USD 285.2 billion, up 0.8 percent from the third quarter of 2023, according to the Census Bureau of the Department of Commerce.
The US-based cloud firm Expedient announced in February 2024 that it has added a former Nationwide Mutual Insurance Company data centre to its portfolio. The 102,000 square foot facility is Expedient's fifth data centre in Ohio and its 15th data centre nationwide. It is situated close to Columbus, Ohio. Moreover, it is expected that Nexstar Media Group, Stream Data Centers, and Aligned Data Centers would all build data centre campuses in the Elk Grove neighbourhood of Chicago, Illinois, which will boost demand for next-generation storage in North America.
Market Segmentation
North America Next Generation Storage Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Storage System
Direct-Attached Storage (DAS)
Network-Attached Storage (NAS)
Storage Area Network (SAN)
Market Breakup by Deployment Mode
On-Premises
Cloud
Hybrid
Market Breakup by Storage Architecture
File and Object-Based Storage
Block Storage
Market Breakup by End Use
BFSI
IT and Telecom
Retail
Healthcare
Media and Entertainment
Others
Market Breakup by Country
United States of America
Canada
The North America next generation storage market key players are Dell Inc., HP Inc., IBM Corp., NetApp, Inc., Hitachi Ltd., Kioxia Holdings Corporation, Fujitsu Ltd., NETGEAR, Inc., Pure Storage Inc., and DataDirect Networks, Inc., among others.
Table of Contents
108 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Next Generation Storage Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Next Generation Storage Historical Market (2018-2024)
- 5.3 Global Next Generation Storage Market Forecast (2025-2034)
- 5.4 Global Next Generation Storage Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 North America Next Generation Storage Market Overview
- 6.1 Key Industry Highlights
- 6.2 North America Next Generation Storage Historical Market (2018-2024)
- 6.3 North America Next Generation Storage Market Forecast (2025-2034)
- 7 North America Next Generation Storage Market by Storage System
- 7.1 Direct-Attached Storage (DAS)
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Network-Attached Storage (NAS)
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Storage Area Network (SAN)
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 8 North America Next Generation Storage Market by Deployment Mode
- 8.1 On-Premises
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Cloud
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Hybrid
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 9 North America Next Generation Storage Market by Storage Architecture
- 9.1 File and Object Based Storage
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Block Storage
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 North America Next Generation Storage Market by End Use
- 10.1 BFSI
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 IT and Telecom
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Retail
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Healthcare
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Media and Entertainment
- 10.5.1 Historical Trend (2018-2024)
- 10.5.2 Forecast Trend (2025-2034)
- 10.6 Others
- 11 North America Next Generation Storage Market by Country
- 11.1 United States of America
- 11.1.1 Historical Trend (2018-2024)
- 11.1.2 Forecast Trend (2025-2034)
- 11.2 Canada
- 11.2.1 Historical Trend (2018-2024)
- 11.2.2 Forecast Trend (2025-2034)
- 12 Market Dynamics
- 12.1 SWOT Analysis
- 12.1.1 Strengths
- 12.1.2 Weaknesses
- 12.1.3 Opportunities
- 12.1.4 Threats
- 12.2 Porter’s Five Forces Analysis
- 12.2.1 Supplier’s Power
- 12.2.2 Buyer’s Power
- 12.2.3 Threat of New Entrants
- 12.2.4 Degree of Rivalry
- 12.2.5 Threat of Substitutes
- 12.3 Key Indicators of Demand
- 12.4 Key Indicators of Price
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 Dell Inc.
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 HP Inc.
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 IBM Corp.
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 NetApp, Inc.
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 Hitachi Ltd.
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 Kioxia Holdings Corporation
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 Fujitsu Ltd.
- 13.5.7.1 Company Overview
- 13.5.7.2 Product Portfolio
- 13.5.7.3 Demographic Reach and Achievements
- 13.5.7.4 Certifications
- 13.5.8 NETGEAR, Inc.
- 13.5.8.1 Company Overview
- 13.5.8.2 Product Portfolio
- 13.5.8.3 Demographic Reach and Achievements
- 13.5.8.4 Certifications
- 13.5.9 Pure Storage Inc.
- 13.5.9.1 Company Overview
- 13.5.9.2 Product Portfolio
- 13.5.9.3 Demographic Reach and Achievements
- 13.5.9.4 Certifications
- 13.5.10 DataDirect Networks, Inc.
- 13.5.10.1 Company Overview
- 13.5.10.2 Product Portfolio
- 13.5.10.3 Demographic Reach and Achievements
- 13.5.10.4 Certifications
- 13.5.11 Others
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