Storage Systems Market, By Deployment (On-premises, Cloud), By Storage System (Direct Attached Storage (DAS), Network Attached Storage (NAS), Storage Area Network (SAN)), By Application (BFSI, IT and Telecom, Media and Entertainment, Automotive, Governmen

The global storage systems market has been growing steadily over the past few years. Storage systems refer to hardware infrastructure used by enterprises, data centers and individuals to store data for various end-use applications. Rapid digitization across industries has led to exponential growth in the volume of data generated worldwide. This has necessitated deploying efficient storage solutions to handle such large amounts of data securely and cost-effectively. Additionally, the rise of cutting-edge technologies such as artificial intelligence, machine learning, 5G, edge computing and blockchain is fueling demand for scalable, high-performance storage infrastructure. With data projected to continue proliferating over the coming years, the global storage systems industry is anticipated to experience significant expansion.

Market Dynamics:

Proliferation of digital data across industries has been a key growth driver for the global storage systems market. The rising adoption of cloud computing, IT infrastructure modernization and demand for big data analytics solutions have also boosted demand. Furthermore, factors such as increasing investments by data centers to enhance storage capacities, growing popularity of hyperconverged and software-defined storage, and emergence of high-speed networking technologies are creating lucrative opportunities. However, high initial investment requirements and maintenance costs associated with storage systems pose challenges. Stringent regulatory protocols regarding data security and privacy are also restraining market growth. Innovation in storage technologies including cloud-based, all-flash and software-defined solutions are expected to present attractive prospects in the coming years.

Key features of the study:

• This report provides in-depth analysis of the global storage systems market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global storage systems market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include (Dell Technologies, Hewlett Packard Enterprise, Huawei Technologies, Hitachi, EMC Corporation, NetApp)
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global storage systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global storage systems market.

• Deployment Insights (Revenue, USD, 2020 - 2032)
• On-premises
• Cloud
• Storage System Insights (Revenue, USD, 2020 - 2032)
• Direct Attached Storage (DAS)
• Network Attached Storage (NAS)
• Storage Area Network (SAN)
• Application Insights (Revenue, USD, 2020 - 2032)
• BFSI
• IT and Telecom
• Media and Entertainment
• Automotive
• Government and Public sector
• Others
• Regional Insights (Revenue, USD, 2020 - 2032)
• North America
• U.S.
• Canada
• Latin America
• Brazil
• Argentina
• Mexico
• Rest of Latin America
• Europe
• Germany
• U.K.
• Spain
• France
• Italy
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East
• GCC Countries
• Israel
• Rest of Middle East
• Africa
• South Africa
• North Africa
• Central Africa
• Key Players Insights
• Cisco Systems, Inc.
• Dell Technologies
• EMC Corporation (now part of Dell Technologies)
• Hewlett Packard Enterprise (HPE)
• Hitachi Vantara
• IBM Corporation
• Kingston Technology
• Microsoft Corporation (Azure Storage)
• NetApp, Inc.
• Oracle Corporation
• Pure Storage, Inc.
• Samsung Electronics
• Seagate Technology
• Toshiba Corporation
• Western Digital Corporation