- Data center storage solutions are vital for managing and storing large volumes of data in modern data centers, providing high-capacity, high-speed storage systems that support the demands of cloud computing, big data analytics, and enterprise applications
- The demand for data center storage is primarily driven by the growing volume of data generated by businesses, the rapid adoption of cloud services, and advancements in storage technologies such as solid-state drives (SSDs) and software-defined storage (SDS). Over half of the global demand for data center storage is driven by the growing need for cloud-based storage services, with the highest demand in regions undergoing digital transformation
- North America is expected to dominate the data center storage market with the largest market share of 40.1% due to high adoption of cloud services
- Asia-Pacific is expected to be the fastest growing region in the data center storage market during the forecast period due to rising awareness about eye health
- IT & Telecommunications segment is expected to dominate the market with a market share of 23.9% due to the swift growth of cloud computing, 5G networks, and AI-powered applications
