5G Data Storage Market - Forecast(2024 - 2030)

Report Code: ITR 0352 Report Format: PDF + Excel

5G Data Storage Market Overview

The 5G Data Storage Market size is estimated to reach US$7.2 billion by 2027, growing at a CAGR of 9.2% from 2022 to 2027. The increasing use of connected devices across various industry verticals and rising demand for 5G services have boosted the 5G Data Storage Industry. Additionally, the rise of advanced technologies such as artificial intelligence and machine learning has produced memory storage that can hold a high volume of digital data such as five-dimensional optical storage, flash memory storage and solid state drives (SSDs). This contributes to the growth of the 5G Data Storage Market. Rising investments in high-resolution gaming devices, as well as an increase in consumer electronic devices with 5G connectivity such as smartphones, laptops and PCs, would eventually drive demand for the 5G Data Storage Market. The digitalization process across all industries has created a large volume of digital data which paved the way for the adoption of 5G Data Storage. These factors would positively influence the 5G Data Storage Industry Outlook over the forecast period.

Report Coverage

The report: “5G Data Storage Industry Outlook – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the 5G Data Storage industry.

By Product Type: Flash Memory Storage, Solid State Drives (SATA, PCIe, M.2 NVMe, U.2, mSATA) and Others.
By Deployment Type: Cloud, On-Premises and Hybrid.
By Storage Type: Cloud Storage, Network Storage, Unified Data Storage, Direct Attached Storage, Storage Area Network, Software-defined Storage and Others.
By Applications: Industrial IoT, Robotics, Connected Vehicles/Autonomous Cars, Networking & Communication and Others.
By End-use Industry: Automotive, Healthcare, IT & Telecommunication, Consumer Electronics, BFSI, Transportation & Logistics and Others.
By Geography: North America (the US, Canada and Mexico), South America (Brazil, Argentina and Others), Europe (the UK, Germany, France, Italy, Spain and Others), APAC (China, Japan, South Korea, India, Australia and Others) and RoW (the Middle East and Africa) 

Key Takeaways

  • In the 5G Data Storage Market report, the flash memory storage segment is analyzed to grow at a significant CAGR of 10.1% due to improved performance, widespread applicability and faster speed.
  • The IT & Telecommunications industry is expected to grow at the highest CAGR of 10.8%, owing to factors such as growing cloud service adoption and increasing adoption of IoT and AI.
  • APAC region had the largest share of the market in 2021 with a market share of 38.76% in the 5G Data Storage Market size, owing to factors such as growing digitalization, a shift towards industrial IoT and government initiatives.

5G Data Storage Market Value Share, by Region, 2022 (%)

5G Data Storage Market

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5G Data Storage Market Segment Analysis - by Product Type

By Product Type, the Flash Memory storage segment in the 5G Data Storage Market report is analyzed to grow at the highest CAGR of 10.1% during the forecast period 2022-2027. To cater to user requirements like improved performance, supporting multiple applications at a time, faster read or write speeds and uploading or downloading, the demand for 5G compatible flash memory storage has increased, boosting the 5G Data Storage Market size. New technological advancements such as five-dimensional optical data storage also boost the 5G Data Storage Market forward. In June 2021, Western Digital announced the release of iNAND EU521 embedded flash memory storage which would enable smartphone and tablet users to have 5G connectivity. These factors would boost the flash memory segment in the 5G Data Storage Market.

5G Data Storage Market Segment Analysis - by End-use Industry

Based on End-use Industry, the IT & Telecommunications segment in the 5G Data Storage Market report is analyzed to grow at the highest CAGR of 10.8% during the forecast period 2022-2027. The growth would be driven by factors such as growing cloud service adoption, new technological availability such as five-dimensional optical data storage due to IoT and artificial intelligence and the need for telecom operators to improve network communications. They have all contributed to the growth of the 5G Data Storage Market in the IT & Telecommunications industry. In February 2020, Huawei announced the launch of OceanStor 5G-Era storage solutions designed to assist carriers and enterprises in dealing with the explosive growth of digital data. The IT & Telecommunications industry would grow due to such advancements which would in turn boost the 5G Data Storage Market size.

5G Data Storage Market Segment Analysis - by Geography

APAC dominated the global market for 5G Data Storage with a market share of 38.76% in 2021. It is also analyzed to have a significant growth over the forecasting period. Growing adoption of high-resolution content, a shift toward industrial IoT, digitalization and government initiatives to support 5G infrastructure have all contributed to the growth of the 5G Data Storage Market in the region. According to an Ericsson Mobility report of June 2022, approximately 39% of the mobile subscribers would use 5G data storage by the end of 2027, which is estimated at 500 million subscribers. These factors would bolster the presence of the APAC region in the 5G Data Storage Industry.

5G Data Storage Market Drivers

The increasing adoption of connected devices and integration of artificial intelligence and IoT:

The increasing adoption of connected devices is a major factor driving the growth of the 5G Data Storage Market. With the increased demand for connected devices and IoT applications, high connectivity, low latency and reliable communication networks such as 5G has become critical. Since IoT devices generate massive amounts of digital data, the demand for 5G Data storage solutions is constantly increasing. In October 2021, Dell announced new additions to its Dell EMC PowerScale portfolio which is a 5G network-attached data storage solution for AI-based projects. These new developments would positively influence the 5G Data Storage Industry Outlook over the forecast period.

Increasing investment in cloud business infrastructure:

Growing investment in cloud business infrastructure can also be viewed as a major factor driving 5G Data Storage Market growth. The proliferation of hyper scale data centers, the shift to cloud computing and the growing adoption of cloud-based application models have all emerged as critical factors in boosting the demand for 5G-based data storage solutions. Integrating 5G with cloud-based data storage allows for increased storage capacity, flexibility and faster data management, among other benefits. In May 2019, NetApp announced the release of ONTAP 9.6, a mid-range end-to-end NVMe AFF A320 storage system. This cloud-based flash solution was created to provide a high-quality storage solution for businesses working with artificial intelligence or 5G networks, as well as analytics for engaging users. These factors would change the 5G Data Storage Industry Outlook over the forecast period.

5G Data Storage Market Challenges

Data breaches, security and privacy concerns:

One of the major challenges impeding market growth is the set of security and privacy concerns related to 5G Data Storage. With the rise of cybercrime and advancements in security breach threats, 5G-enabled connections are vulnerable to data hacking, data exploitation and other cyber-attacks. Since 5G networks have limited physical boundaries and usage of cloud-based data storage models, their integration across various critical IT applications may cause data security and privacy concerns in the long run and hamper the market growth.

5G Data Storage Industry Outlook

Product launches, collaborations and R&D activities are key strategies adopted by players in the 5G Data Storage Market. The top 10 companies in the 5G Data Storage Market are:

  1. Huawei Technologies Co. Ltd.
  2. Ericsson
  3. Samsung Electronics Co. Ltd.
  4. ZTE Corporation
  5. Micron Technology Inc.
  6. Dell Technologies
  7. Western Digital
  8. MediaTek Inc.
  9. NetApp Inc.
  10. Intel Corporation

Recent Developments

  • In October 2021, Ericsson partnered with Singtel, a leading communications technology group in Singapore. This partnership would help accelerate 5G adoption across multiple industries and power industry partnerships to develop and deploy advanced 5G Data Storage solutions in Singapore.
  • In June 2021, Samsung Electronics announced the release of a multi-chip package (MCP) memory product for use in 5G smartphones. It combines high-performance DRAM and NAND flash memory in a single package. This is poised to increase the company’s share in the 5G Data Storage Market.
  • In November 2020, Micron Technology announced the release of a 176-layer 3D NAND flash memory capable of serving 5G smartphone and automotive applications. This would further drive the demand for 5G Data Storage boosting the market growth.

Relevant Report Titles: 

Data Storage Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: ITR 0049

IoT Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: ITR 0165

5G Connector Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: ESR 0601

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1. 5G Data Storage Market - Market Overview
    1.1 Definitions and Scope
2. 5G Data Storage Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by Application
    2.3 Key trends segmented by Geography
3. 5G Data Storage Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking - Top 3 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis
4. 5G Data Storage Market – Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies (3 Case Studies)
    4.4 Customer Analysis (5 Key Customers for Top 5 Companies)
5. 5G Data Storage Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis (3 Key Startups Analyzed)
6. 5G Data Storage Market - Market Forces
    6.1 Market Drivers
    6.2 Market Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. 5G Data Storage Market – by Strategic Analysis (Market Size - $Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle
    7.4 Suppliers and Distributors
8. 5G Data Storage Market - by Product Type (Market Size - $Million/Billion)
    8.1 Flash Memory Storage
    8.2 Solid State Drives
        8.2.1 SATA
        8.2.2 PCIe
        8.2.3 M.2 NVMe
        8.2.4 U.2
        8.2.5 mSATA
    8.3 Others
9. 5G Data Storage Market - by Deployment Type (Market Size - $Million/Billion)
    9.1 Cloud
    9.2 On-premises
    9.3 Hybrid
10. 5G Data Storage Market - by Storage Type (Market Size - $Million/Billion)
    10.1 Cloud Storage
    10.2 Network Storage
    10.3 Unified Data Storage
    10.4 Direct Attached Storage
    10.5 Storage Area Network
    10.6 Software-defined Storage
    10.7 Others
11. 5G Data Storage Market - by Applications (Market Size - $Million/Billion)
    11.1 Industrial IoT
    11.2 Robotics
    11.3 Connected Vehicles/Autonomous Cars
    11.4 Networking & Communication
    11.5 Others
12. 5G Data Storage Market – by End-use Industry (Market Size - $Million/Billion)
    12.1 Automotive
    12.2 Healthcare
    12.3 IT & Telecommunication
    12.4 Consumer Electronics
    12.5 BFSI
    12.6 Transportation & Logistics
    12.7 Others
13. 5G Data Storage Market – by Geography (Market Size - $Million/Billion)
    13.1 North America
        13.1.1 The US
        13.1.2 Canada
        13.1.3 Mexico
    13.2 South America
        13.2.1 Brazil
        13.2.2 Argentina
        13.2.3 Chile
        13.2.4 Columbia
        13.2.5 The Rest of South America
    13.3 Europe
        13.3.1 The UK
        13.3.2 Spain
        13.3.3 Italy
        13.3.4 The Netherlands
        13.3.5 France
        13.3.6 Germany
        13.3.7 The Rest of Europe
    13.4 APAC
        13.4.1 China
        13.4.2 Japan
        13.4.3 Australia
        13.4.4 India
        13.4.5 Singapore
        13.4.6 South Korea
        13.4.7 Malaysia
        13.4.8 The Rest of APAC
    13.5 The Rest of the World
        13.5.1 Africa
        13.5.2 The Middle East
14. 5G Data Storage Market - Entropy
15. 5G Data Storage Market - Industry Competition Landscape (Premium)
    15.1 Market Share Global (10 Companies at Global Level)
    15.2 Market Share by Region (5 Companies Per Region)
    15.3 Market Share by Country (5 Companies per Country. Covering 10 Key Countries – the US, Canada, Brazil, Germany, France, the UK, China, Japan, India and the Middle East)
    15.4 Market Share by Type/End-use Industry (5 Companies per Type)
    15.5 Competition Matrix (Top 10 Global Companies)
16. 5G Data Storage Market - Key Company List by Country Premium (Premium)
    (Up to 5 Companies per Country for 10 Countries - the US, Canada, Brazil, Germany, France, the UK, China, Japan, India and the Middle East – Tentative: 50 Companies Subject to Availability)
17. 5G Data Storage Market Company Analysis (Market Overview, Product Portfolio, Revenue and Developments)
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10
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