Data Storage Market

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from $4,850	156 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19224316

Best Price Guarantee
Price	from $4,850
Length	156 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19224316

Data Storage Market

Growth Factors of Data Storage Market

The data storage market size was valued at USD 186.75 billion in 2023, and the market is now projected to grow from USD 218.33 billion in 2024 to USD 774.00 billion by 2032, exhibiting a CAGR of 17.1% during the forecast period of 2023-2030.

The COVID-19 pandemic created significant opportunities on the data storage market growth. The pandemic has led to augmented demand for cloud storage and data center services. Due to remote work and digital transformation elevated the requirement for more storage capacity for data processing and analytics. The pandemic has increased the demand for storage and processing power as enterprises struggle to remain agile and responsive. It has led to a lack of storage capacity in some data centers.

The data storage market share globally increased because of the enhanced demand for data storage solutions. The growing number of big data with the digitization of businesses and the economy is fueling demand for the service. Companies are generating and collecting vast amounts of data with the shift toward digital operations. IoT devices, such as sensors in smart cities, wearables, and connected machinery used in various sectors generate continuous streams of data that are unstructured and high in volume.

The trend is increasing size of datasets due to generative AI to enhance market growth. The generative AI aiding in transformative changes in data creation, processing, and storage requirements are supporting market growth. The technologically advanced machine learning models, for instance GPT-3, can autonomously produce vast amounts of diverse and complex data. The iterative training procedure and constant refinement of these models make substantial datasets, requiring scalable and distributed storage solutions.

Comprehensive Analysis of Data Storage Market

The data storage market and information & communication technology industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a thorough regional assessment considering the dominant supply and demand forces that impact the hardware & software IT services industry. These segmentations are methodically segregated by types of storage medium, industry, and enterprise type. The storage medium is direct attached, network attached storage, software defined, and hyper converged storages. The industry involves BFSI, IT and Telecommunication, governments and public sector, healthcare, manufacturing, and life sciences, retail and consumer goods, media and entertainment, and others. The enterprise types are SoHo, Mid-size, large enterprises.

The North American region is conducive to the global data storage market, leading to a recall of USD 78.98 billion owing to the presence of major players and the increasing number of data centers in the region. The data hub is turning to cloud suppliers for their storage and processing needs and is increasing market growth.

The top players in the market play a vital role in the information & communication technology industry assuring industrial prospectus growth and setting market standards. These players include NetApp, Inc. (U.S.), Pure Storage, Inc. (U.S.), Seagate Technology Holdings Public Limited Company (Ireland), Equinix, Inc. (U.S.), Huawei Investment & Holding Co., Ltd. (China), Amazon Web Services, Inc. (U.S.), IBM Corporation (U.S.), Dell Technologies Inc. (U.S.), Hewlett Packard Enterprise Company (U.S.), Hitachi Vantara LLC (Hitachi Ltd.) (Japan), Western Digital Corporation (U.S.), NETGEAR, Inc. (U.S.), and Biomemory (France), these market players provide a level-playing competitive landscape.

In January 2024, Ugreen partnered with Intel, announcing the collaboration during the launch of its NASync Network Attached Storage devices at the 2024 ES. The aim is to integrate Intel processors for improved storage efficiency and smart decision-making for enhancing daily work and life experiences with advanced features powered by AI.

Segmentation Table

Global Data Storage Market Scope

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 17.1% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Storage Medium

Direct Attached Storage
Network Attached Storage
Software Defined Storage and Hyper Converged Storage
Cloud Storage
Public
Private
Hybrid

Storage Area Network

By Industry

BFSI
IT and Telecommunication
Governments & Public Sector
Manufacturing
Healthcare and Life Sciences
Retail and Consumer Goods
Media and Entertainment
Others (Energy and Utilities, Travel and hospitality)

By Enterprise Type

SoHo
Mid-Size
Large Enterprises

By Region

North America (By Storage Medium, By Industry, By Enterprise Type, and By Country)
U.S.
Canada
Mexico
South America (By Storage Medium, By Industry, By Enterprise Type, and By Country)
Brazil
Argentina
Rest of South America
Europe (By Storage Medium, By Industry, By Enterprise Type, and By Country)
U.K.
Germany
France
Italy
Spain
Russia
Benelux
Nordics
Rest of Europe
Middle East & Africa (By Storage Medium, By Industry, By Enterprise Type, and By Country)
Turkey
Israel
GCC
North Africa
South Africa
Rest of the Middle East & Africa
Asia Pacific (By Storage Medium, By Industry, By Enterprise Type, and By Country)
China
India
Japan
South Korea
ASEAN
Oceania
Rest of Asia Pacific

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1. Introduction: 1.1. Definition, By Segment; 1.2. Research Methodology/Approach; 1.3. Data Sources
2. Executive Summary
3. Market Dynamics: 3.1. Macro and Micro Economic Indicators; 3.2. Drivers, Restraints, Opportunities and Trends; 3.3. Impact of Generative AI; 3.4. Compliance and Regulations
4. Competition Landscape: 4.1. Business Strategies Adopted by Key Players; 4.2. Consolidated SWOT Analysis of Key Players; 4.3. Global Data Storage Key Players Market Share/Ranking, 2023
5. Global Data Storage Market Size Estimates and Forecasts, By Segments, 2019-2032: 5.1. Key Findings; 5.2. By Storage Medium (USD); 5.2.1. Direct Attached Storage; 5.2.2. Network Attached Storage; 5.2.3. Software Defined Storage and Hyper Converged Storage; 5.2.4. Cloud Storage; 5.2.4.1. Public; 5.2.4.2. Private; 5.2.4.3. Hybrid; 5.2.5. Storage Area Network; 5.3. By Industry (USD); 5.3.1. IT and Telecommunication; 5.3.2. BFSI; 5.3.3. Governments & Public Sector; 5.3.4. Manufacturing; 5.3.5. Healthcare and Life Sciences; 5.3.6. Retail and Consumer Goods; 5.3.7. Media and Entertainment; 5.3.8. Others (Energy and Utilities, Travel and hospitality, etc.); 5.4. By Enterprise Type (USD); 5.4.1. SoHo: <10 FTEs; 5.4.2. Mid-Size: <1,000 FTEs; 5.4.3. Large Enterprise: > 1,000 FTEs; 5.5. By Region (USD); 5.5.1. North America; 5.5.2. South America; 5.5.3. Europe; 5.5.4. Middle East & Africa; 5.5.5. Asia Pacific
6. North America Data Storage Market Size Estimates and Forecasts, By Segments, 2019-2032: 6.1. Key Findings; 6.2. By Storage Medium (USD); 6.2.1. Direct Attached Storage; 6.2.2. Network Attached Storage; 6.2.3. Software Defined Storage and Hyper Converged Storage; 6.2.4. Cloud Storage; 6.2.4.1. Public; 6.2.4.2. Private; 6.2.4.3. Hybrid; 6.2.5. Storage Area Network; 6.3. By Industry (USD); 6.3.1. IT and Telecommunication; 6.3.2. BFSI; 6.3.3. Governments & Public Sector; 6.3.4. Manufacturing; 6.3.5. Healthcare and Life Sciences; 6.3.6. Retail and Consumer Goods; 6.3.7. Media and Entertainment; 6.3.8. Others (Energy and Utilities, Travel and hospitality, etc.); 6.4. By Enterprise Type (USD); 6.4.1. SoHo: <10 FTEs; 6.4.2. Mid-Size: <1,000 FTEs; 6.4.3. Large Enterprise: > 1,000 FTEs; 6.5. By Country (USD); 6.5.1. United States; 6.5.2. Canada; 6.5.3. Mexico
7. South America Data Storage Market Size Estimates and Forecasts, By Segments, 2019-2032: 7.1. Key Findings; 7.2. By Storage Medium (USD); 7.2.1. Direct Attached Storage; 7.2.2. Network Attached Storage; 7.2.3. Software Defined Storage and Hyper Converged Storage; 7.2.4. Cloud Storage; 7.2.4.1. Public; 7.2.4.2. Private; 7.2.4.3. Hybrid; 7.2.5. Storage Area Network; 7.3. By Industry (USD); 7.3.1. IT and Telecommunication; 7.3.2. BFSI; 7.3.3. Governments & Public Sector; 7.3.4. Manufacturing; 7.3.5. Healthcare and Life Sciences; 7.3.6. Retail and Consumer Goods; 7.3.7. Media and Entertainment; 7.3.8. Others (Energy and Utilities, Travel and hospitality, etc.); 7.4. By Enterprise Type (USD); 7.4.1. SoHo: <10 FTEs; 7.4.2. Mid-Size: <1,000 FTEs; 7.4.3. Large Enterprise: > 1,000 FTEs; 7.5. By Country (USD); 7.5.1. Brazil; 7.5.2. Argentina; 7.5.3. Rest of South America
8. Europe Data Storage Market Size Estimates and Forecasts, By Segments, 2019-2032: 8.1. Key Findings; 8.2. By Storage Medium (USD); 8.2.1. Direct Attached Storage; 8.2.2. Network Attached Storage; 8.2.3. Software Defined Storage and Hyper Converged Storage; 8.2.4. Cloud Storage; 8.2.4.1. Public; 8.2.4.2. Private; 8.2.4.3. Hybrid; 8.2.5. Storage Area Network; 8.3. By Industry (USD); 8.3.1. IT and Telecommunication; 8.3.2. BFSI; 8.3.3. Governments & Public Sector; 8.3.4. Manufacturing; 8.3.5. Healthcare and Life Sciences; 8.3.6. Retail and Consumer Goods; 8.3.7. Media and Entertainment; 8.3.8. Others (Energy and Utilities, Travel and hospitality, etc.); 8.4. By Enterprise Type (USD); 8.4.1. SoHo: <10 FTEs; 8.4.2. Mid-Size: <1,000 FTEs; 8.4.3. Large Enterprise: > 1,000 FTEs; 8.5. By Country (USD); 8.5.1. United Kingdom; 8.5.2. Germany; 8.5.3. France; 8.5.4. Italy; 8.5.5. Spain; 8.5.6. Russia; 8.5.7. Benelux; 8.5.8. Nordics; 8.5.9. Rest of Europe
9. Middle East & Africa Data Storage Market Size Estimates and Forecasts, By Segments, 2019-2032: 9.1. Key Findings; 9.2. By Storage Medium (USD); 9.2.1. Direct Attached Storage; 9.2.2. Network Attached Storage; 9.2.3. Software Defined Storage and Hyper Converged Storage; 9.2.4. Cloud Storage; 9.2.4.1. Public; 9.2.4.2. Private; 9.2.4.3. Hybrid; 9.2.5. Storage Area Network; 9.3. By Industry (USD); 9.3.1. IT and Telecommunication; 9.3.2. BFSI; 9.3.3. Governments & Public Sector; 9.3.4. Manufacturing; 9.3.5. Healthcare and Life Sciences; 9.3.6. Retail and Consumer Goods; 9.3.7. Media and Entertainment; 9.3.8. Others (Energy and Utilities, Travel and hospitality, etc.); 9.4. By Enterprise Type (USD); 9.4.1. SoHo: <10 FTEs; 9.4.2. Mid-Size: <1,000 FTEs; 9.4.3. Large Enterprise: > 1,000 FTEs; 9.5. By Country (USD); 9.5.1. Turkey; 9.5.2. Israel; 9.5.3. GCC; 9.5.4. North Africa; 9.5.5. South Africa; 9.5.6. Rest of MEA
10. Asia Pacific Data Storage Market Size Estimates and Forecasts, By Segments, 2019-2032: 10.1. Key Findings; 10.2. By Storage Medium (USD); 10.2.1. Direct Attached Storage; 10.2.2. Network Attached Storage; 10.2.3. Software Defined Storage and Hyper Converged Storage; 10.2.4. Cloud Storage; 10.2.4.1. Public; 10.2.4.2. Private; 10.2.4.3. Hybrid; 10.2.5. Storage Area Network; 10.3. By Industry (USD); 10.3.1. IT and Telecommunication; 10.3.2. BFSI; 10.3.3. Governments & Public Sector; 10.3.4. Manufacturing; 10.3.5. Healthcare and Life Sciences; 10.3.6. Retail and Consumer Goods; 10.3.7. Media and Entertainment; 10.3.8. Others (Energy and Utilities, Travel and hospitality, etc.); 10.4. By Enterprise Type (USD); 10.4.1. SoHo: <10 FTEs; 10.4.2. Mid-Size: <1,000 FTEs; 10.4.3. Large Enterprise: > 1,000 FTEs; 10.5. By Country (USD); 10.5.1. China; 10.5.2. India; 10.5.3. Japan; 10.5.4. South Korea; 10.5.5. ASEAN; 10.5.6. Oceania; 10.5.7. Rest of Asia Pacific
11. Company Profiles for Top Players (Based on data availability in public domain and/or on paid databases): 11.1. NetApp, Inc.; 11.1.1. Overview; 11.1.1.1. Key Management; 11.1.1.2. Headquarters; 11.1.1.3. Offerings/Business Segments; 11.1.2. Key Details (Key details are consolidated data and not product/service specific); 11.1.2.1. Employee Size; 11.1.2.2. Past and Current Revenue; 11.1.2.3. Geographical Share; 11.1.2.4. Business Segment Share; 11.1.2.5. Recent Developments; 11.2. Pure Storage, Inc.; 11.2.1. Overview; 11.2.1.1. Key Management; 11.2.1.2. Headquarters; 11.2.1.3. Offerings/Business Segments; 11.2.2. Key Details (Key details are consolidated data and not product/service specific); 11.2.2.1. Employee Size; 11.2.2.2. Past and Current Revenue; 11.2.2.3. Geographical Share; 11.2.2.4. Business Segment Share; 11.2.2.5. Recent Developments; 11.3. Seagate Technology Holdings Public Limited Company; 11.3.1. Overview; 11.3.1.1. Key Management; 11.3.1.2. Headquarters; 11.3.1.3. Offerings/Business Segments; 11.3.2. Key Details (Key details are consolidated data and not product/service specific); 11.3.2.1. Employee Size; 11.3.2.2. Past and Current Revenue; 11.3.2.3. Geographical Share; 11.3.2.4. Business Segment Share; 11.3.2.5. Recent Developments; 11.4. Equinix, Inc.; 11.4.1. Overview; 11.4.1.1. Key Management; 11.4.1.2. Headquarters; 11.4.1.3. Offerings/Business Segments; 11.4.2. Key Details (Key details are consolidated data and not product/service specific); 11.4.2.1. Employee Size; 11.4.2.2. Past and Current Revenue; 11.4.2.3. Geographical Share; 11.4.2.4. Business Segment Share; 11.4.2.5. Recent Developments; 11.5. Huawei Investment & Holding Co., Ltd.; 11.5.1. Overview; 11.5.1.1. Key Management; 11.5.1.2. Headquarters; 11.5.1.3. Offerings/Business Segments; 11.5.2. Key Details (Key details are consolidated data and not product/service specific); 11.5.2.1. Employee Size; 11.5.2.2. Past and Current Revenue; 11.5.2.3. Geographical Share; 11.5.2.4. Business Segment Share; 11.5.2.5. Recent Developments; 11.6. IBM Corporation; 11.6.1. Overview; 11.6.1.1. Key Management; 11.6.1.2. Headquarters; 11.6.1.3. Offerings/Business Segments; 11.6.2. Key Details (Key details are consolidated data and not product/service specific); 11.6.2.1. Employee Size; 11.6.2.2. Past and Current Revenue; 11.6.2.3. Geographical Share; 11.6.2.4. Business Segment Share; 11.6.2.5. Recent Developments; 11.7. Amazon Web Services, Inc.; 11.7.1. Overview; 11.7.1.1. Key Management; 11.7.1.2. Headquarters; 11.7.1.3. Offerings/Business Segments; 11.7.2. Key Details (Key details are consolidated data and not product/service specific); 11.7.2.1. Employee Size; 11.7.2.2. Past and Current Revenue; 11.7.2.3. Geographical Share; 11.7.2.4. Business Segment Share; 11.7.2.5. Recent Developments; 11.8. Dell Technologies Inc.; 11.8.1. Overview; 11.8.1.1. Key Management; 11.8.1.2. Headquarters; 11.8.1.3. Offerings/Business Segments; 11.8.2. Key Details (Key details are consolidated data and not product/service specific); 11.8.2.1. Employee Size; 11.8.2.2. Past and Current Revenue; 11.8.2.3. Geographical Share; 11.8.2.4. Business Segment Share; 11.8.2.5. Recent Developments; 11.9. Hewlett Packard Enterprise Company; 11.9.1. Overview; 11.9.1.1. Key Management; 11.9.1.2. Headquarters; 11.9.1.3. Offerings/Business Segments; 11.9.2. Key Details (Key details are consolidated data and not product/service specific); 11.9.2.1. Employee Size; 11.9.2.2. Past and Current Revenue; 11.9.2.3. Geographical Share; 11.9.2.4. Business Segment Share; 11.9.2.5. Recent Developments; 11.10. Hitachi Vantara LLC (Hitachi Ltd.); 11.10.1. Overview; 11.10.1.1. Key Management; 11.10.1.2. Headquarters; 11.10.1.3. Offerings/Business Segments; 11.10.2. Key Details (Key details are consolidated data and not product/service specific); 11.10.2.1. Employee Size; 11.10.2.2. Past and Current Revenue; 11.10.2.3. Geographical Share; 11.10.2.4. Business Segment Share; 11.10.2.5. Recent Developments; 11.11. Western Digital Corporation; 11.11.1. Overview; 11.11.1.1. Key Management; 11.11.1.2. Headquarters; 11.11.1.3. Offerings/Business Segments; 11.11.2. Key Details (Key details are consolidated data and not product/service specific); 11.11.2.1. Employee Size; 11.11.2.2. Past and Current Revenue; 11.11.2.3. Geographical Share; 11.11.2.4. Business Segment Share; 11.11.2.5. Recent Developments; 11.12. NETGEAR, Inc.; 11.12.1. Overview; 11.12.1.1. Key Management; 11.12.1.2. Headquarters; 11.12.1.3. Offerings/Business Segments; 11.12.2. Key Details (Key details are consolidated data and not product/service specific); 11.12.2.1. Employee Size; 11.12.2.2. Past and Current Revenue; 11.12.2.3. Geographical Share; 11.12.2.4. Business Segment Share; 11.12.2.5. Recent Developments; 11.13. Biomemory; 11.13.1. Overview; 11.13.1.1. Key Management; 11.13.1.2. Headquarters; 11.13.1.3. Offerings/Business Segments; 11.13.2. Key Details (Key details are consolidated data and not product/service specific); 11.13.2.1. Employee Size; 11.13.2.2. Past and Current Revenue; 11.13.2.3. Geographical Share; 11.13.2.4. Business Segment Share; 11.13.2.5. Recent Developments
12. Key Takeaways