The Asia-Pacific Data Center Storage Market size is estimated at USD 15.80 billion in 2024, and is expected to reach USD 22.80 billion by 2029, growing at a CAGR of 7.80% during the forecast period (2024-2029).
Asia’s digital landscape has grown in recent years, encompassing a broad range of innovations, from manufacturing automation to e-commerce platforms, all the way to digital payments. The region accounted for 60% of patents in digital and computer technologies right before the COVID-19 pandemic, up from 40% two decades earlier. Southeast Asia’s digital economy has plenty of growth potential, backed by strong fundamentals including over 460 million digital consumers, young and tech-savvy populations, as well as rising internet penetration. Overall, the increasing digitization is leading to major data center construction, driving the demand for storage.
The data center storage market in Asia-Pacific is fragmented among the players and has gained a competitive edge in recent years. Some of the major players are Dell Inc., Hewlett Packard Enterprise, and NetApp Inc. Major players with a prominent market share focus on expanding their customer base across the region. They leverage strategic collaborative initiatives to increase their market share and profitability. For instance,
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