Data Center Storage Market Size is projected to reach USD

New York, United States, March 14, 2023 (GLOBE NEWSWIRE) -- Data centers are created and built to process the data generated by consumers and business end-users as mission-critical facilities. The IT infrastructures of data centers, such as servers, storage, and network infrastructure, are linked to processing and storing user data. In addition to power and cooling infrastructure, data centers offer highly available, reliable, and scalable services to end-users. Depending on location, size, and capacity, data center construction costs range from thousands to billions of dollars.

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Positive Impact of COVID-19 Drives the Global Market

Data centers will develop and adapt as businesses grow in order to meet the escalating connectivity demands of various industries. In addition to rising Internet traffic, the use of collaborative software by businesses is also on the rise. As cloud storage and teleconferencing services expanded, more businesses became accustomed to remote work. Data centers assist businesses with their data storage needs. Moreover, there is a greater emphasis on business continuity and Disaster Recovery as a Service (DRaaS), which will increase storage demand. Cloud operators such as Amazon Web Services, Google, and Microsoft are expanding their storage infrastructure to enable efficient cloud-based workflows, thereby contributing to the market's growth.

Growth of Edge Due to Adoption of 5G Creates Tremendous Opportunities

Increased connectivity options with well-established hyperscale data centers fuel the expansion of edge deployments as 5G adoption increases. Multiple edge data centers will be connected to a single hyperscale facility via a decentralized architecture developed by edge data centers. Edge is where data is received, generated, processed, and transferred between users and applications in real-time. As a rapidly increasing number of applications migrate to the cloud, improving performance and reducing operational and maintenance costs have become essential, which can be achieved if solutions are present at the edge. Thus, the growth of edge due to the adoption of 5G creates growth opportunities for the global market for data center storage.

Report Scope

Report Metric	Details
Market Size	USD 74.02 Billion by 2031
CAGR	4.4% (2023-2031)
Historical Data	2020-2021
Base Year	2022
Forecast Period	2023-2031
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Storage Architecture, By Storage Type, By End-User, By Regions
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	Dell Technologies, IBM Corporation, Buffalo, Hewlett Packard Enterprise Company, FADU, Huawei Technologies Co., Ltd., IBM Corporation, Hitachi Vantara., Intel, Lenovo, Oracle Corporation, NEC, Toshiba, Violin, Samsung Electronics, ZOTAC.
Key Market Opportunities	Growth of Edge Due to Adoption of 5G
Key Market Drivers	Positive Impact of COVID-19 Impact of IoT and Big Data

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Regional Analysis

North America is the most significant global data center storage market shareholder and is anticipated to grow at a CAGR of 2.56% during the forecast period. Global data center operators and cloud service providers are investing significantly in the United States and Canada. The market for North American data centers is expanding due to the increasing popularity of IoT, 5G, the COVID-19 pandemic, and the demand for high-speed online entertainment streaming. Increasing data traffic has necessitated the development of more data centers to support data produced by businesses and consumers. In North America, cloud computing services and applications will continue to increase, leading to the expansion of massive cloud-based data centers.

Asia-Pacific is expected to grow at a CAGR of 6.81% over the forecast period. Asia-Pacific will continue to have the highest demand for cloud and global colocation services. In addition, AWS, Microsoft, Alibaba, and Facebook continue to invest in the Asia-Pacific market, which is experiencing consistent growth. Government agencies in several Asia-Pacific nations are also developing data centers to digitalize their operations. The increasing demand for on-demand video, mobile gaming, and online content will be a crucial factor in the procurement of IT infrastructure in the region.

Key Highlights

The global data center storage market size is estimated to reach USD 74.02 billion by 2031, growing at a CAGR of 4.4% during the forecast period (2023–2031).
By storage architecture, the global data center storage market is divided into NAS, SAN, and DAS. The NAS segment is responsible for the largest market share and is anticipated to grow at a CAGR of 5.42% over the forecast period.
By storage type, the global data center storage market is segmented into traditional storage, all-flash storage, and hybrid storage. The traditional storage segment owns the market and is expected to grow at a CAGR of 2.31% over the forecast period.
By end-user, the global data center storage market is segmented into the cloud/IT sector, the BFSI sector, the government sector, and other sectors. The cloud/IT sector segment is the highest contributor to the market and is expected to grow at a CAGR of 5.95% during the forecast period.
North America is the most significant global data center storage market shareholder and is anticipated to grow at a CAGR of 2.56% during the forecast period.

The key players in the global data center storage market are

Dell Technologies
IBM Corporation
Buffalo
Hewlett Packard Enterprise Company
FADU
Huawei Technologies Co., Ltd
IBM Corporation
Hitachi Vantara.
Intel
Lenovo
Oracle Corporation
NEC
Toshiba
Violin
Samsung Electronics
ZOTAC

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Global Data Center Storage Market: Segmentation

By Storage Architecture

By Storage Type

Traditional Storage
All-Flash Storage
Hybrid Storage

By End-User

Cloud/IT Sector
BFSI Sector
Government Sector
Other Sectors

By Regions

North America
Asia-Pacific
Europe
LAMEA

TABLE OF CONTENT

EXECUTIVE SUMMARY
RESEARCH SCOPE & SEGMENTATION
1. Research Objectives
2. Market Definition
3. Limitations & Assumptions
4. Market Scope & Segmentation
5. Currency & Pricing Considered
MARKET OPPORTUNITY ASSESSMENT
1. Emerging Regions / Countries
2. Emerging Companies
3. Emerging Applications / End Use
4. Investment Landscape
5. New Business Models / Revenue Streams
6. TAM
MARKET TRENDS
1. Drivers
2. Market Warning Factors
3. Latest Macro Economic Indicators
4. Geopolitical Impact
5. Human Factors
6. Technology Factors
MARKET ASSESSMENT
1. Porters Five Forces Analysis
2. Value Chain Analysis
3. Sales And Distribution Channel Analysis
4. Case Study Analysis
5. Patent Analysis
6. M & A Agreements & Collabration Analysis
ESG TRENDS
GLOBAL DATA CENTER STORAGE MARKET SIZE ANALYSIS
1. Global Data Center Storage Market Introduction
2. By Storage Architecture
  1. Introduction
    1. Storage Architecture By Value
  2. NAS
    1. By Value
  3. SAN
    1. By Value
  4. DAS
    1. By Value
3. By Storage Type
  1. Introduction
    1. Storage Type By Value
  2. Traditional Storage
    1. By Value
  3. All-Flash Storage
    1. By Value
  4. Hybrid Storage
    1. By Value
4. By End-User
  1. Introduction
    1. End-User By Value
  2. Cloud/IT Sector
    1. By Value
  3. BFSI Sector
    1. By Value
  4. Government Sector
    1. By Value
  5. Other Sectors
    1. By Value
NORTH AMERICA MARKET ANALYSIS
1. Introduction
2. By Storage Architecture
  1. Introduction
    1. Storage Architecture By Value
  2. NAS
    1. By Value
  3. SAN
    1. By Value
  4. DAS
    1. By Value
3. By Storage Type
  1. Introduction
    1. Storage Type By Value
  2. Traditional Storage
    1. By Value
  3. All-Flash Storage
    1. By Value
  4. Hybrid Storage
    1. By Value
4. By End-User
  1. Introduction
    1. End-User By Value
  2. Cloud/IT Sector
    1. By Value
  3. BFSI Sector
    1. By Value
  4. Government Sector
    1. By Value
  5. Other Sectors
    1. By Value
5. U.S.
  1. By Storage Architecture
    1. Introduction
      1. Storage Architecture By Value
    2. NAS
      1. By Value
    3. SAN
      1. By Value
    4. DAS
      1. By Value
  2. By Storage Type
    1. Introduction
      1. Storage Type By Value
    2. Traditional Storage
      1. By Value
    3. All-Flash Storage
      1. By Value
    4. Hybrid Storage
      1. By Value
  3. By End-User
    1. Introduction
      1. End-User By Value
    2. Cloud/IT Sector
      1. By Value
    3. BFSI Sector
      1. By Value
    4. Government Sector
      1. By Value
    5. Other Sectors
      1. By Value
6. Canada
EUROPE MARKET ANALYSIS
1. Introduction
2. By Storage Architecture
  1. Introduction
    1. Storage Architecture By Value
  2. NAS
    1. By Value
  3. SAN
    1. By Value
  4. DAS
    1. By Value
3. By Storage Type
  1. Introduction
    1. Storage Type By Value
  2. Traditional Storage
    1. By Value
  3. All-Flash Storage
    1. By Value
  4. Hybrid Storage
    1. By Value
4. By End-User
  1. Introduction
    1. End-User By Value
  2. Cloud/IT Sector
    1. By Value
  3. BFSI Sector
    1. By Value
  4. Government Sector
    1. By Value
  5. Other Sectors
    1. By Value
5. U.K.
  1. By Storage Architecture
    1. Introduction
      1. Storage Architecture By Value
    2. NAS
      1. By Value
    3. SAN
      1. By Value
    4. DAS
      1. By Value
  2. By Storage Type
    1. Introduction
      1. Storage Type By Value
    2. Traditional Storage
      1. By Value
    3. All-Flash Storage
      1. By Value
    4. Hybrid Storage
      1. By Value
  3. By End-User
    1. Introduction
      1. End-User By Value
    2. Cloud/IT Sector
      1. By Value
    3. BFSI Sector
      1. By Value
    4. Government Sector
      1. By Value
    5. Other Sectors
      1. By Value
6. Germany
7. France
8. Spain
9. Italy
10. Russia
11. Nordic
12. Benelux
13. Rest Of Europe
APAC MARKET ANALYSIS
1. Introduction
2. By Storage Architecture
  1. Introduction
    1. Storage Architecture By Value
  2. NAS
    1. By Value
  3. SAN
    1. By Value
  4. DAS
    1. By Value
3. By Storage Type
  1. Introduction
    1. Storage Type By Value
  2. Traditional Storage
    1. By Value
  3. All-Flash Storage
    1. By Value
  4. Hybrid Storage
    1. By Value
4. By End-User
  1. Introduction
    1. End-User By Value
  2. Cloud/IT Sector
    1. By Value
  3. BFSI Sector
    1. By Value
  4. Government Sector
    1. By Value
  5. Other Sectors
    1. By Value
5. China
  1. By Storage Architecture
    1. Introduction
      1. Storage Architecture By Value
    2. NAS
      1. By Value
    3. SAN
      1. By Value
    4. DAS
      1. By Value
  2. By Storage Type
    1. Introduction
      1. Storage Type By Value
    2. Traditional Storage
      1. By Value
    3. All-Flash Storage
      1. By Value
    4. Hybrid Storage
      1. By Value
  3. By End-User
    1. Introduction
      1. End-User By Value
    2. Cloud/IT Sector
      1. By Value
    3. BFSI Sector
      1. By Value
    4. Government Sector
      1. By Value
    5. Other Sectors
      1. By Value
6. Korea
7. Japan
8. India
9. Australia
10. Taiwan
11. South East Asia
12. Rest Of Asia-Pacific
MIDDLE EAST AND AFRICA MARKET ANALYSIS
1. Introduction
2. By Storage Architecture
  1. Introduction
    1. Storage Architecture By Value
  2. NAS
    1. By Value
  3. SAN
    1. By Value
  4. DAS
    1. By Value
3. By Storage Type
  1. Introduction
    1. Storage Type By Value
  2. Traditional Storage
    1. By Value
  3. All-Flash Storage
    1. By Value
  4. Hybrid Storage
    1. By Value
4. By End-User
  1. Introduction
    1. End-User By Value
  2. Cloud/IT Sector
    1. By Value
  3. BFSI Sector
    1. By Value
  4. Government Sector
    1. By Value
  5. Other Sectors
    1. By Value
5. UAE
  1. By Storage Architecture
    1. Introduction
      1. Storage Architecture By Value
    2. NAS
      1. By Value
    3. SAN
      1. By Value
    4. DAS
      1. By Value
  2. By Storage Type
    1. Introduction
      1. Storage Type By Value
    2. Traditional Storage
      1. By Value
    3. All-Flash Storage
      1. By Value
    4. Hybrid Storage
      1. By Value
  3. By End-User
    1. Introduction
      1. End-User By Value
    2. Cloud/IT Sector
      1. By Value
    3. BFSI Sector
      1. By Value
    4. Government Sector
      1. By Value
    5. Other Sectors
      1. By Value
6. Turkey
7. Saudi Arabia
8. South Africa
9. Egypt
10. Nigeria
11. Rest Of MEA
LATAM MARKET ANALYSIS
1. Introduction
2. By Storage Architecture
  1. Introduction
    1. Storage Architecture By Value
  2. NAS
    1. By Value
  3. SAN
    1. By Value
  4. DAS
    1. By Value
3. By Storage Type
  1. Introduction
    1. Storage Type By Value
  2. Traditional Storage
    1. By Value
  3. All-Flash Storage
    1. By Value
  4. Hybrid Storage
    1. By Value
4. By End-User
  1. Introduction
    1. End-User By Value
  2. Cloud/IT Sector
    1. By Value
  3. BFSI Sector
    1. By Value
  4. Government Sector
    1. By Value
  5. Other Sectors
    1. By Value
5. Brazil
  1. By Storage Architecture
    1. Introduction
      1. Storage Architecture By Value
    2. NAS
      1. By Value
    3. SAN
      1. By Value
    4. DAS
      1. By Value
  2. By Storage Type
    1. Introduction
      1. Storage Type By Value
    2. Traditional Storage
      1. By Value
    3. All-Flash Storage
      1. By Value
    4. Hybrid Storage
      1. By Value
  3. By End-User
    1. Introduction
      1. End-User By Value
    2. Cloud/IT Sector
      1. By Value
    3. BFSI Sector
      1. By Value
    4. Government Sector
      1. By Value
    5. Other Sectors
      1. By Value
6. Mexico
7. Argentina
8. Chile
9. Colombia
10. Rest Of LATAM
COMPETITIVE ASSESSMENT
1. Adoption Matrix
2. Data Center Storage Market Share By Manufacturers
3. Data Center Storage Market Ranking By Revenue For Manufacturers
4. Average Price By Manufacturers
5. Vendor Footprint Analysis
MARKET PLAYERS ASSESSMENT
1. Dell Technologies
  1. Overview
  2. Business Information
  3. Revenue
  4. ASP
  5. Gross Margin
  6. Swot Analysis
  7. Recent Developmments
2. IBM Corporation
3. Buffalo
4. Hewlett Packard Enterprise Company
5. FADU
6. Huawei Technologies Co.LTD.
7. Hitachi Vantara.
8. Intel
9. Lenovo
10. Oracle Corporation
11. NEC
12. Toshiba
13. Violin
14. Samsung Electronics
15. ZOTAC.
RESEARCH METHODOLOGY
1. Research Data
  1. Secondary Data
    1. Major Secondary Sources
    2. Key Data From Secondary Sources
  2. Primary Data
    1. Key Data From Primary Sources
    2. Breakdown Of Primaries
  3. Secondary And Primary Research
    1. Key Industry Insights
2. Market Size Estimation
  1. Bottom-Up Approach
  2. Top-Down Approach
  3. Market Projection
3. Research Assumptions
  1. Assumptions
4. Limitations
5. Risk Assessment
APPENDIX
1. Discussion Guide
2. Customization Options
3. Related Reports
DISCLAIMER

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Market News

In December 2022, Samsung Electronics announced the development of its 16-gigabit (Gb) DDR5 DRAM built with the industry's first 12-nanometer (nm)-class process technology and the completion of product compatibility testing with AMD.
In December 2022, AWS launched Local Zones in Bangkok and Kolkata

News Media

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Data Center Storage Market Size is projected to reach USD 74.02 Billion by 2030, growing at a CAGR of 4.4%: Straits Research

The Data Center Storage was valued at USD 50.24 billion in 2022. It is estimated to reach USD 74.02 billion by 2031, growing at a CAGR of 4.4% during the forecast period (2023–2031). North America is the most significant global market shareholder.

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Data Center Storage Market Size is projected to reach USD 74.02 Billion by 2030, growing at a CAGR of 4.4%: Straits Research

The Data Center Storage was valued at USD 50.24 billion in 2022. It is estimated to reach USD 74.02 billion by 2031, growing at a CAGR of 4.4% during the forecast period (2023–2031). North America is the most significant global market shareholder.

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