The India Data Center Storage Market size is estimated at USD 2.53 billion in 2024, and is expected to reach USD 5.77 billion by 2030, growing at a CAGR of 14.68% during the forecast period (2024-2030).
The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country, leading to a growing need for data center storage equipment.
The India Data Center Storage is moderately fragmented. The major players in this market hold the majority of the market share. Some significant players are Dell Inc., Hewlett Packard Enterprise, NetApp Inc., Hitachi Vantara LLC, and Kingston Technology Company Inc. These companies leverage strategic collaborative initiatives to increase their market share and increase their profitability.
June 2023: Hewlett Packard Enterprise expanded its SaaS and NaaS product portfolio to HPE GreenLake and added HPE SaaS products to AWS Marketplace. The HPE Aruba Networking CX 8000, HPE Aruba Networking 9000, and HPE Aruba Networking 10000 Series data center switching portfolio is now available via Network as a Service (NaaS). The two new HPE GreenLake for Aruba networking service packs allow partners to expand into data center networking and bundle their design and delivery services with a monthly NaaS technology subscription, enabling customers to consume a full compute, storage, and networking data center stack via HPE GreenLake.
March 2023: Hewlett Packard Enterprise has acquired OpsRamp, an IT operations management company. OpsRamp's hybrid digital operations management solution, integrated with the HPE GreenLake edge-to-cloud platform and supported by HPE Services, reduces the complexity of operating multivendor and multi-cloud IT environments in the public cloud (colocation). On-premises. OpsRamp and HPE GreenLake Edge-to-Cloud Platform provide an integrated approach to managing multivendor compute, network, storage, and application resources in hybrid and multi-cloud IT environments.
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