Next Generation Storage Devices Market Expected to Reach $141 Billion, Globally, by 2022
Increase in need for better data storage and management among various enterprises, rise in adoption of cloud computing, innovation in storage technology, and continuous increment in unstructured data are major driving factors of the next generation storage devices industry. However, high investment costs, intense competition, and resistance in variation of existing systems limit the market growth. Further, cloud-based storage and solid-state storage are expected to gain significant adoption in near future, owing to their declining costs and high performance.
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