#NextGenerationStorageDevicesMarket The cloud storage system segment led the next-generation storage devices market and is expected to continue its dominance throughout the forecast period, owing to the easy availability of cloud storage and lower costs. In a cloud storage system, digital data is stored in an off-site storage system or a remote server kept by a third party and is manageable via the internet. A cloud storage system offers access to the stored data from any location, hence removing data portability issues.