The demand for data storage is being fueled by the ongoing rise in mobile devices and apps, the Internet of Things (IoT), artificial intelligence (AI), and many other emerging technologies. Digital Insurance brought this interesting topic to us in their article, “Mobile tech, the IoT and AI driving ‘insatiable’ need for next-generation storage.”
In a recent report, Zion Market Research said the global next-generation data storage market totaled $50.4 billion in 2018 and is expected to reach nearly $114.9 billion by 2025, growing at a compound annual growth rate (CAGR) of 12 percent between 2019 and 2025.
Next-generation data storage involves technically advanced products that are more efficient than conventional products at handling high volumes of information on a daily basis. Several devices like smartphones and tablets generate data in form of images and videos. Furthermore, machine-to-machine, embedded devices, and IoT create images and videos from functional applications like advertising or security, data including files on PCs and servers, log files, and enormous amounts of metadata. The growing rate of data generation is boosting the demand for next generation data storage devices.
Melody K. Smith
Sponsored by Data Harmony, a unit of Access Innovations, the world leader in indexing and making content findable.