Next-Gen Data Storage Market to Reach $99.48 Billion by 2032 as AI Lifts Demand
Updated
Updated · PR Newswire · May 25
Next-Gen Data Storage Market to Reach $99.48 Billion by 2032 as AI Lifts Demand
1 articles · Updated · PR Newswire · May 25
Summary
$99.48 billion is the projected size of the next-generation data storage market in 2032, up from $70.27 billion in 2026, according to MarketsandMarkets' forecast for 6.0% annual growth.
AI, cloud computing, big data analytics and broader enterprise IT modernization are driving demand for scalable, high-performance storage as digital data volumes keep rising.
SSDs held the largest storage-medium share at 60.0% in 2025, while file- and object-based storage is forecast to post the fastest architecture growth at a 6.5% CAGR.
network-attached storage is expected to be the fastest-growing system segment, supported by centralized access, cloud integration and rising unstructured data across enterprise workloads.
North America led the market with a 43.1% revenue share in 2025, reflecting heavy investment in advanced storage infrastructure, hyperscale data centers and low-latency enterprise applications.