Global Data Center Storage Market, By Deployment (Storage Area Network (SAN) System, Network-attached storage (NAS) System, Direct-Attached Storage (DAS) System), Application (IT & Telecommunications, BFSI, Government, Healthcare, Others) – Industry Trends and Forecast to 2030.
Data Center Storage Market Analysis and Size
Constant growth and development in advanced management solutions by the major manufacturers which are operating in the data center energy field to increase energy consumptions is anticipated to enhance the growth of the data center storage market. Moreover, rising demand for storage area network (SAN) System because it is well-known as a high-speed network that interconnects different data storage devices with computing devices and associated servers accelerates the market growth. The surge in focus on evolving new edge computing platforms to aid their clients to increase data management capabilities will further influence the market.
Data Bridge Market Research analyses that the data center storage market is expected to reach USD 118.90 million by 2030, which is USD 49.81 billion in 2022., at a CAGR of 11.49% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Data Center Storage Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Deployment (Storage Area Network (SAN) System, Network-attached storage (NAS) System, Direct-Attached Storage (DAS) System), Application (IT & Telecommunications, BFSI, Government, Healthcare, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Hewlett Packard Enterprise Development LP (U.S.), Dell Inc, (U.S.), Lenovo (China), Orcale (U.S.), IBM (U.S.), Hitachi (Japan), Fujitsu (Japan), Silicon Graphics International Corp. (U.S.), NEC Corporation (Japan), Huawei Technologies Co., Ltd. (China), Intel Corporation (U.S.), AVADirect Custom Computers (U.S.), Schneider Electric (France), Trend Micro Incorporated (U.S.), Egenera Inc (U.S.), Western Digital Corporation (U.S.), Toshiba CORPORATION (Japan), AmZetta Technologies (U.S.)
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Market Opportunities
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Market Definition
Data center storage refers to the type of technologies and tools used in the data center to monitor and manage the storage infrastructure and resources. Some of technologies and utilities used in data center storage comprise NAS, RAID, tap drives, hard disk drives and SAN among others. These components are measured as a part of the data center infrastructure.
Global Data Center Storage Market
Drivers
- Increasing demand for storage area network (SAN) system
Storage area network (SAN) systems aid in accessing and managing large amounts of data or information. They have low capital and upgradation costs. Such advantages of storage area network (SAN) systems have augmented the adoption of these systems among end-users. Moreover, the increasing deployment of storage area network (SAN) systems in data centers led numerous major market vendors to create new storage solutions specially designed to support the storage area network protocol. All these factors are expected to contribute to the growth of the market during the forecast period.
- Growth in IT infrastructure mainly in the developing economies
The wide growth of data center storage is significantly attributed to the increasing emphasis on the expansion of IT infrastructure in developing countries such as India, China and Brazil. For instance, according to the India's IT (information technology) & infrastructure and Indo- European Business Forum (IEBF) sectors shall reach up to around $10 trillion by the end of 2030. Moreover, astonishingly growing demand for cloud storage has led to a rise in the number of data centers which are consuming extensive energy in these regions. These factors may boost the growth of the market in the forecast years.
Opportunities
- Technological advancements in data center storage market
Technological advancements such as the introduction of sustainable data centers or green data centers are expected to create lucrative market growth opportunities during the forecast period. These data centers will mainly focus on inaugurating server facilities that use energy-efficient technologies. It will aid in storing, managing and disseminating information or data in which the lighting, electrical, mechanical and computing systems are designed for maximum energy efficiency and minimal environmental impact. As a result, the green data centers will highly focus on recovering unused storage and distributing it elsewhere in the facility.
Restraints
- Lack of expertise
The lack of expertise amongst the field workers to use data center blade and lack in the person of skilled professionals will hamper the growth of the data center storage market during the forecast period of 2023 to 2030.
- High cost associated with data center storage market
High initial investment cost in data center storage market and high installation cost of data center storage devices or systems will also act as a biggest and foremost challenge for the growth of the market in the forecast period of 2023-2030.
This data center storage market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the data center storage market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Global Data Center Storage Market
The outbreak of the covid-19 has created a significant impact on the data center storage market, in the last few months. The rapid shift to work from home culture and consequent demand for software as a service (during the pandemic are some of the major factors which are responsible for the growing demand for data centers. Moreover, the COVID-19 outbreak is expected to increase the demand for cloud services and digitization, which will eventually significantly impact the global market during pandemic. Moreover, the COVID-19 health emergency has enormously affected businesses such as automotive, food & beverages, retail and semiconductor industries all over the globe. Hence, major market players operating in the data center storage market are coming forward to support other businesses. For instance, this pandemic has generated a sudden demand for online services such as live broadcasts, gaming and videos and others in Romania. Hence, INVITE Systems, an innovation leader in the technology platform, has teamed up with Huawei in September 2020 to install an extremely reliable data center to fulfill the needs of the enterprise. All of these factors and company initiatives are further anticipated to surge the market growth in the COVID-19 apocalypse.
Global Data Center Storage Market Scope
The data center storage market is segmented on the basis of deployment and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Deployment
- Storage Area Network (SAN) System
- Network-attached storage (NAS) System
- Direct-Attached Storage (DAS) System)
Application
- IT & Telecommunications
- BFSI
- Government
- Healthcare
- Others
Data Center Storage Market Regional Analysis/Insights
The data center storage market is analyzed and market size insights and trends are provided by country, deployment and application as referenced above.
The countries covered in the data center storage market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the data center storage market in terms of revenue and market share owing to the rising demand for internet of things (IoT) devices and increase in the number of data centers in this region.
Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2023-2030 owing to the rapid growth in data center storage in several industrial sectors in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Data Center Storage Market Share Analysis
The data center storage market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to data center storage market.
Some of the major players operating in the data center storage market are:
- Hewlett Packard Enterprise Development LP (U.S.)
- Dell Inc, (U.S.)
- Lenovo (China)
- Orcale (U.S.)
- IBM (U.S.)
- Hitachi (Japan)
- Fujitsu (Japan)
- Silicon Graphics International Corp. (U.S.)
- NEC Corporation (Japan)
- Huawei Technologies Co., Ltd. (China)
- Intel Corporation (U.S.)
- AVADirect Custom Computers (U.S.)
- Schneider Electric (France)
- Trend Micro Incorporated (U.S.)
- Egenera Inc (U.S.)
- Western Digital Corporation (U.S.)
- Toshiba CORPORATION (Japan)
- AmZetta Technologies (U.S.)
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