Global Data Center Storage Market – Industry Trends and Forecast to 2031

Global Data Center Storage Market, By Deployment (Storage Area Network (SAN) System, Network-attached storage (NAS) System, Direct-Attached Storage (DAS) System), Application (IT and Telecommunications, BFSI, Government, Healthcare, Others) – Industry Trends and Forecast to 2031.

Data Center Storage Market Analysis and Size

Cloud storage and services represent a primary application within the global data center storage market. This technology enables organizations to store, manage, and access data remotely through scalable and secure solutions. As businesses increasingly adopt cloud-based storage, the market experiences growth due to the demand for efficient data management, cost-effective storage solutions, and the flexibility to scale resources based on evolving needs. The cloud storage segment plays a pivotal role in shaping the trajectory of the overall data center storage market, offering businesses streamlined and reliable access to their data infrastructure.  

Data Bridge Market Research analyses the global data center storage market, which was USD 55.53 billion in 2023, is expected to reach USD 132.57 billion by 2031, at a CAGR of 11.49% during the forecast period 2024-2031. 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.

Report Scope and Market Segmentation      

Market Definition

Data center storage involves the deployment of various technologies and tools to oversee and regulate storage resources within a data center. Key components include network-attached storage (NAS), redundant array of independent disks (RAID), tape drives, and hard disk drives, all integral to the data center infrastructure. Storage area network (SAN) is another crucial element in efficiently managing and accessing stored data. These technologies collectively ensure effective monitoring and optimization of storage resources in a data center environment.

Global Data Center Storage Market Dynamics

Drivers

• Technological Advancements Enhanced Performance of Predictive Storage Management

The integration of cutting-edge technologies has significantly elevated the efficiency and responsiveness of storage systems within data centers. Predictive storage management leverages advanced algorithms and analytics to anticipate and address potential issues, ensuring optimal storage performance. This enhancement in predictive capabilities not only improves overall operational efficiency but also reduces downtime, making it a pivotal factor driving the growth and evolution of the global data center storage market.

• Increasing Demand of Storage Area Network (SAN) Systems for Inherent Flexibility

As data volumes surge, organizations seek scalable and high-performance storage solutions, making SAN an indispensable choice. SANs facilitate centralized storage management, ensuring seamless data access and retrieval across networks. With the growing complexity of data storage requirements, the inherent flexibility and robustness of SAN systems position them as a critical solution, driving the market forward. This heightened demand underscores the crucial role SANs play in addressing the evolving storage needs of modern data centers.

Opportunities

• Rise in Hybrid Cloud Adoption Fuels Escalating Demand for Storage Solutions

As businesses increasingly adopt hybrid cloud models, there is a growing demand for storage solutions that seamlessly bridge on-premises and cloud environments. Data center storage providers have the opportunity to offer robust, hybrid-compatible solutions that enhance data mobility, scalability, and flexibility for organizations seeking a cohesive storage strategy across diverse infrastructures.

• Rising Edge Computing Adoption Drives Demand for Decentralized Storage Solutions

As edge computing gains prominence, there is a growing need for localized storage solutions that can efficiently manage and process data at the edge of the network. Data center storage providers can reach to this opportunity by developing storage solutions tailored for edge environments, offering low-latency access, high reliability, and seamless integration with edge computing architectures. This enables businesses to enhance the performance and responsiveness of applications that rely on edge computing, fostering the evolution of a more distributed and efficient computing landscape.

Restraints/Challenges

• High Cost Limiting the Adoption of Data Center Storage for Smaller Enterprises

The implementation and maintenance expenses of advanced storage solutions, such as high-performance storage arrays and cutting-edge data management tools, contribute to the financial challenges faced by businesses. The continuous need for upgrades and expansion to accommodate growing data volumes adds to the overall cost burden. This financial barrier may pose challenges for smaller enterprises or those operating on constrained budgets, limiting their ability to adopt and integrate state-of-the-art data center storage solutions, thereby impeding market growth.

• Lack of Expertise Hinders the Effective Implementation of Storage Infrastructure

As organizations increasingly adopt complex storage solutions, there is a growing need for skilled professionals capable of managing and optimizing these systems. The scarcity of qualified personnel in areas such as SAN administration and advanced storage technologies hinders the effective implementation and maintenance of storage infrastructure. This shortage of expertise can lead to operational inefficiencies, security vulnerabilities, and increased risk of data loss, impeding the market's growth potential.    

This global 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 global 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.

Recent Developments

• In May 2023, Pure Storage Inc. expanded its flash-based platform with the launch of FlashBlade//E, targeting the roughly 80% of data stored on disk-based systems that are considered non-primary or "cold," enhancing efficiency and cost-effectiveness in data center storage
• In April 2023, Microsoft expanded its global presence by inaugurating the inaugural trusted cloud space in Poland, marking a significant milestone as the first in Central and Eastern Europe. This strategic move aimed to enhance data services and cloud accessibility in the region
• In June 2022, Pure Storage Inc. launched a research and development center in Bengaluru, focusing on advancing storage and data management solutions such as FlashArray, FlashBlade, FlashStack, and Pure as-a-Service
• In September 2020, INVITE Systems, an innovation-driven technology platform, collaborated with Huawei to establish a highly dependable data center, catering to the diverse needs of enterprises. This partnership exemplifies a concerted effort to provide robust and reliable infrastructure solutions for businesses in the technology sector

Global Data Center Storage Market Scope

The global 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 and Telecommunications
• BFSI
• Government
• Healthcare
• Others

Global Data Center Storage Market Regional Analysis/Insights

The global 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 global 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 in the data center storage market, leading in both revenue and market share. This is attributed to the surging demand for Internet of Things (IoT) devices and a notable expansion in the number of data centers within the region. The flourishing adoption of IoT technologies and the robust growth of data infrastructure solidify North America's prominent position in the data center storage landscape.

The Asia-Pacific is expected to have the highest compound annual growth rate in the forecast period, fueled by the rapid expansion of data center storage across diverse industrial sectors. This surge underscores the region's increasing reliance on advanced storage solutions, reflecting the dynamic growth and evolving technological landscape in various industries.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as 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 Global Data Center Storage Market Share Analysis

The global 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 global data center storage market.

Some of the major players operating in the global 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)
• 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 (U.S.)
• Western Digital Corporation (U.S.)
• Toshiba CORPORATION (Japan)
• AmZetta Technologies (U.S.)