The Singapore Data Center Storage Market size is estimated at USD 1.16 billion in 2024, and is expected to reach USD 1.42 billion by 2030, growing at a CAGR of 3.44% 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 Singaporean data center storage market 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., Huawei Technologies Co. Ltd., and Kingston Technology Company Inc. These companies leverage strategic collaborative initiatives to increase their market share and profitability.
In October 2023, NetApp launched a new joint Bare-Metal-as-a-Service (BMaaS) solution, NetApp Storage, on Equinix Metal. NetApp Storage integrated with Equinix Metal is delivered as an as-a-service model through NetApp Keystone. It offers a real hybrid cloud experience in a single subscription so users can choose the storage capacity and performance they need without overprovisioning.
In September 2023, Pure Storage appointed Westcon-Comstor as its newest distributor in Australia. The partnership expands the two companies existing agreements in New Zealand, Singapore, Indonesia, Malaysia, China, Hong Kong, and the Philippines. The partnership accelerates the adoption of FlashStack – a software-defined hybrid cloud infrastructure from Pure and Cisco that integrates computing, networking, and storage.
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