Global External Enterprise Storage Market Size study & Forecast, by Storage (Police Optical Storage, Solid-state Storage, Flash Memory Devices, Smart Cloud Devices, and External Hard Drives), by Organization Size (Large Enterprises and Small & Medium-size

Global External Enterprise Storage Market Size study & Forecast, by Storage (Police Optical Storage, Solid-state Storage, Flash Memory Devices, Smart Cloud Devices, and External Hard Drives), by Organization Size (Large Enterprises and Small & Medium-sized Enterprises (SMEs)), by End-Use Industry (BFSI, Healthcare & Life Sciences, Telecommunications & IT, Government & Public Sector, Manufacturing, Consumer Goods & Retail, Media & Entertainment, and Others) and Regional Analysis, 2022-2029

Global External Enterprise Storage Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. External enterprise storage serves as a centralised repository for corporate data and performs common data security, management, and sharing tasks. Enterprise storage systems are scalable for workloads of hundreds of terabytes to petabytes without considerable cone or subsystem building since businesses handle the enormous workload of business-complex information. Unlimited connectivity and compatibility for many platforms are other critical components of an enterprise storage solution. The rising adoption of cloud-based storage, hybrid storage and growing volume of data as well as strategic initiatives from leading market players are key factors driving the market growth.

The increasing adoption of cloud-based solutions is contributing to the growth of the Global External Enterprise Storage Market. For instance, according to Statista - In 2021, the global hybrid cloud market was valued at USD 85 billion, and the market is projected to grow to USD 262 billion in 2027. Moreover, the increasing rate of data generation across enterprises is also driving the market space. For instance, as per Statista – in 2020, the total amount of data created, captured, copied, and consumed globally was estimated at 64.2 Zettabytes and this number is projected to cross 180 Zettabytes by 2025. Also, the proliferation of AI and ML technologies and increasing investment in data centers would create a lucrative growth prospectus for the market over the forecast period. However, concern over data security and privacy stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global External Enterprise Storage Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players and increasing investment in data center infrastructure in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising adoption of external storage services and increasing penetration of leading market players, coupled with the rising emergence of data centers in the region.

Major market players included in this report are:
Dell Technologies Inc.
Hewlett Packard Enterprise Co.
Hitachi Ltd.
Huawei Investment & Holding Co. Ltd.
International Business Machines Corp.
NetApp Inc.
Nfina Technologies Inc.
Nimbus Data Inc.
Pure Storage Inc.
Seagate Technology LLC

Recent Developments in the Market:
 In May 2020, Dell Technologies introduced its new offering in enterprise storage space, named EMC PowerStore arrays. This new storage solution from Dell is seven times faster and has three times lower latency than previous generation Dell EMC midrange storage arrays.

Global External Enterprise Storage Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Storage, Organization Size, End-Use Industries, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Storage
Police Optical Storage
Solid-state Storage
Flash Memory Devices
Smart Cloud Devices
External Hard Drives

By Organization Size
Large Enterprises
Small & Medium-sized Enterprises (SMEs)

By End-Use Industries
BFSI
Healthcare & Life Sciences
Telecommunications & IT
Government & Public Sector
Manufacturing
Consumer Goods & Retail
Media & Entertainment
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

Dell Technologies Inc.
Hewlett Packard Enterprise Co.
Hitachi Ltd.
Huawei Investment & Holding Co. Ltd.
International Business Machines Corp.
NetApp Inc.
Nfina Technologies Inc.
Nimbus Data Inc.
Pure Storage Inc.
Seagate Technology LLC

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