1. The global next-generation data storage market is expected to grow from $65.1 billion in 2024 to $90 billion by 2029. 2. The growth is driven by the adoption of IoT technologies, increasing data generation, and the rise of AI-driven technologies. 3. Storage Area Networks (SANs) and Hard Disk Drives (HDDs) are projected to see significant growth, with technological advancements enhancing their capabilities.