India Next Generation Data Storage Market (2025-2031) | Growth, Revenue, Size, Industry, Outlook, Share, Forecast, Analysis, Trends, Value, Segmentation

India Next Generation Data Storage Market Growth Rate

According to 6Wresearch internal database and industry insights, the India next generation data storage market is projected to grow at a CAGR of approximately 14.2% during the forecast period (2025-2031).

India Next Generation Data Storage Market Highlights

Topics Covered in the India Next Generation Data Storage Market Report

The India Next Generation Data Storage Market report comprehensively covers the market by Storage Architecture, Storage Medium, Storage System, and End-User. It provides an unbiased and detailed analysis of prevailing market trends, growth prospects, and key drivers to help stakeholders align their strategies with evolving data storage needs.

India Next Generation Data Storage Market Synopsis

The India Next Generation Data Storage industry is becoming increasingly vital to support digital transformation, cloud adoption, and the growing data demands across enterprises. Increased adoption of big data analytics, artificial intelligence (AI), and IoT applications coupled with digitalization efforts by governments are compelling the industry to be driven by efficient, secure and scalable storage systems. The modern technologies include setting up flash storage, hyper converged systems, cloud-based storage, etc., since the businesses are placing their emphasis on data security, speedier access and energy efficient storage systems, the rate of adoption of these modern technologies is gathering pace in the country.

The India Next Generation Data Storage Market is projected to grow at a CAGR of approximately 14.2% during the forecast period 2025-2031. Rising digital transformation across industries, exponential growth in data generation, and the accelerated adoption of cloud services are the primary factors driving the market. Growing demand for high-performance storage solutions in both enterprises and SMEs, coupled with the transition toward AI, big data analytics, and IoT applications, is significantly boosting the adoption of advanced data storage technologies, thereby supporting India Next Generation Data Storage Market growth.

However, the market faces several challenges, including the high initial cost of advanced storage systems, data security concerns, and limited awareness among smaller enterprises, which could restrict adoption rates. There are also scaling infrastructure and unstructured data management issues to contend with. By overcoming these obstacles, India will have the chance to improve its digital ecosystem and become a nation with long-term sustainable data-driven development.

India Next Generation Data Storage Market Trends

The India Next Generation Data Storage Market is witnessing key trends such as the increasing adoption of cloud-based storage solutions, driven by rapid digitalization and the exponential growth of data across industries. As the use of IoT devices, big data analytics applications, and AI-based applications gains ground, organizations are migrating to more powerful, scalable and relatively cost-effective storage systems. Hybrid storage modes, flash storage, and software-defined storage are on the increase because organizations demand faster, more security, and flexibility to manage large volume data.

Investment Opportunities in the India Next Generation Data Storage Market

The India Next Generation Data Storage Market presents strong investment opportunities, particularly in expanding domestic infrastructure for cloud storage and high-performance data centres. Demand is also increasing with trade policies of localizing data in South Africa including a shift toward smart cities and digital transformation efforts on the part of the government. The most important growth areas are the investment in R&D in advanced storage solutions, tie-ups with local IT companies and the diversification of solutions specific to the needs of the BFSI, healthcare, manufacturing and telecom domains.

Leading Players in the India Next Generation Data Storage Market

The India Next Generation Data Storage Market is marked by the presence of global technology giants alongside rapidly growing domestic players catering to the nation’s digital transformation. The Dell Technologies, IBM, Hewlett Packard Enterprise (HPE), and NetApp are global giants that remain the leaders due to the advanced products in cloud, hybrid and flash storages. At the same time, Indian IT companies and start-ups are also moving into the field with new cost effective, scalable and customizable different storage systems that would service specific needs of SMEs, BFSI, and telecom markets resulting in further market competition.

Government Regulations in the India Next Generation Data Storage Market

The Government of India plays a pivotal role in shaping the market through initiatives that emphasize data security, localization, and digital transformation. Such policies as personal data protection bills and information on data residency are forcing businesses to invest in local in-country data storage infrastructure. Further developments in high-performance storage solutions are also being fuelled by countrywide initiatives like Digital India, the development of smart cities, and deployments of 5G networks. Such rules, as well as the incentives to use technology are encouraging innovation and building the data storage ecosystem in India.

Future Insights of the India Next Generation Data Storage Market

The future of the India Next Generation Data Storage Market looks promising, driven by the rising need for secure, scalable, and energy-efficient data solutions. Increasing investments in data centres, BFSI, telecom, and IT infrastructure are the main drivers of demand for advanced storage technologies. Moreover, the market would grow further in the next few years due to opportunities in AI-driven data management, hyperconverged storage, and collaborations with domestic providers.

Market Segmentation Analysis

The report offers a comprehensive study of the following market segments and their leading categories:

File and Object-Based Storage to Lead the Market - By Storage Architecture

According to Sachin, Senior Research Analyst at 6Wresearch, the File and Object-Based Storage (FOBS) segment is projected to lead the India Next Generation Data Storage Market. Its dominance is fuelled by the growing need to manage unstructured data, cloud workloads, and big data analytics across enterprises and service providers.

Solid-State Drives (SSD) to Dominate the Market - By Storage Medium

Within the storage medium segment, SSDs are expected to dominate the India Next Generation Data Storage Market. Their faster data access speed, durability, and efficiency make them the preferred choice for enterprises handling mission-critical applications, AI workloads, and real-time analytics.

Network Attached Storage to Dominate the Market - By Storage System

The Network Attached Storage (NAS) segment is anticipated to hold the India Next Generation Data Storage Market share. The increasing adoption of centralized storage systems for virtualization, collaboration, and scalable data management is propelling NAS demand across enterprises and SMEs.

Cloud Service Providers to Dominate the Market - By End-User

Among the end-user categories, cloud service providers are projected to dominate the India Next Generation Data Storage Market. The surge in data centre investments, rapid digitalization, and rising demand for scalable storage infrastructure are driving strong adoption within this segment.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impactingt the Market.
• Major Upcoming Developments and Projects 

Key Highlights of the Report:

• India Next Generation Data Storage Market Outlook
• Market Size of India Next Generation Data Storage Market, 2024
• Forecast of India Next Generation Data Storage Market, 2031
• Historical Data and Forecast of India Next Generation Data Storage Revenues & Volume for the Period 2021-2031
• India Next Generation Data Storage Market Trend Evolution
• India Next Generation Data Storage Market Drivers and Challenges
• India Next Generation Data Storage Price Trends
• India Next Generation Data Storage Porter's Five Forces
• India Next Generation Data Storage Industry Life Cycle
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Storage Architecture for the Period 2021-2031
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By File and Object-based Storage (FOBS) for the Period 2021-2031
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Block Storage for the Period 2021-2031
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Storage Medium for the Period 2021-2031
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By SSD for the Period 2021-2031
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By HDD for the Period 2021-2031
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Tape for the Period 2021-2031
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Storage System for the Period 2021-2031
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Direct Attached Storage (DAS) for the Period 2021-2031
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Network Attached Storage (NAS) for the Period 2021-2031
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Storage Area Network (SAN) for the Period 2021-2031
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By End User for the Period 2021-2031
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Enterprise for the Period 2021-2031
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Government for the Period 2021-2031
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Cloud Service Providers for the Period 2021-2031
• Historical Data and Forecast of India Next Generation Data Storage Market Revenues & Volume By Telecom for the Period 2021-2031
• India Next Generation Data Storage Import Export Trade Statistics
• Market Opportunity Assessment By Storage Architecture
• Market Opportunity Assessment By Storage Medium
• Market Opportunity Assessment By Storage System
• Market Opportunity Assessment By End User
• India Next Generation Data Storage Top Companies Market Share
• India Next Generation Data Storage Competitive Benchmarking By Technical and Operational Parameters
• India Next Generation Data Storage Company Profiles
• India Next Generation Data Storage Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Storage Architecture

• File And Object-Based Storage (FOBS)
• Block Storage

By Storage Medium

• SSD
• HDD
• Tape

By Storage System

• Direct Attached Storage (DAS)
• Network Attached Storage (NAS)
• Storage Area Network (SAN)

By End-User

• Enterprise
• Government
• Cloud Service Providers
• Telecom