Market Overview:
The global data storage market is expected to grow from USD 107.02 billion in 2018 to USD 203.48 billion by 2030, at a CAGR of 9.5% during the forecast period. The growth of the data storage market can be attributed to the increasing demand for big data and cloud-based applications, growing trend of Bring Your Own Device (BYOD), and rising need for data security and compliance. However, lack of awareness about big data analytics and its benefits is restraining the growth of this market. Based on type, the global data storage market is segmented into all-flash arrays (AFA), hybrid storage arrays (HSA), and HDD arrays. The all-flash arrays segment is projected to grow at a higher CAGR during the forecast period as compared to other segments due to its advantages such as low latency, high IOPS performance, scalability, etc.
Product Definition:
Data Storage refers to the technology and methods used to store digital information. The importance of data storage is that it allows businesses and individuals to keep track of important files and records, as well as access them whenever necessary.
All-Flash Arrays:
All-Flash Arrays (AFAs) are a new data storage technology that involves using Solid State Drives (SSDs) in place of traditional hard disk drives. The all-flash array is an innovative approach to storing digital information, which has been implemented by several companies due to its cost effectiveness and performance efficiency.
Hybrid Storage Arrays:
Hybrid storage arrays are a combination of solid-state drives (SSD) and magnetic hard drives (HDD) used for data storage. Hybrid Arrays can store an enormous amount of information in a small space, which makes them very useful for the enterprises that deal with huge amounts of data.
Application Insights:
The global data storage market has been segmented into IT & telecom, BFSI, healthcare, education, manufacturing, media & entertainment energy and utility retail and e-commerce others. The IT & telecom sector accounted for the largest revenue share in 2016. This is attributed to the growing demand from various application areas such as cloud computing which require large amounts of data storage at a go. Furthermore growth in this sector is further driven by an increase in digitalization which requires more storage space for managing documents and other information related to the business operations of companies operating online.
The BFSI segment is expected to witness significant growth over the forecast period owing to increasing adoption of technologies such as big Data analytics that are revolutionizing banking industry globally with respect to handling customer¢â‚¬â„¢s money and credit card transactions etc.
Regional Analysis:
The North American regional market is expected to dominate the global data storage industry with a revenue share of over 35% in 2017. The region is characterized by the presence of major IT and telecom companies, which are early adopters of advanced technologies. These companies are also focusing on reducing their operational costs through data optimization initiatives, thereby driving demand for all-flash arrays and hybrid storage systems in this region.
The Asia Pacific regional market is anticipated to grow at a lucrative rate over the forecast period owing to increasing investments by governments as well as enterprises in order to store critical information within their organizations' networks or secure cloud environments. Rapidly growing BFSI sector due to rising customer spending on electronic devices such as smartphones and tablets has led businesses including banks and insurance firms into investing more money for efficient digital infrastructure that can support large volumes of digital transactions with minimal errors or delays, thereby driving demand for high capacity hard disk drives (HDDs) across this region.
Growth Factors:
- Increasing demand for data storage from small and medium businesses (SMBs) due to the growth of digitalization and cloud-based services.
- Proliferation of big data and the Internet of Things (IoT) is resulting in an exponential increase in the volume of data being generated, which is driving the need for high-capacity storage solutions.
- The increasing use of video content across all industries is leading to a higher demand for storage capacity, bandwidth, and performance.
- The growing trend of virtualization is resulting in organizations storing more data on centralized servers, which is driving the need for efficient storage solutions that can handle large volumes of information quickly and easily.
- Rapid advancements in technology are enabling new innovative storage solutions to be developed, such as solid state drives (SSDs), which are helping to improve performance and reduce power consumption
Scope Of The Report
Report Attributes
Report Details
Report Title
Data Storage Market Research Report
By Type
All-Flash Arrays, Hybrid Storage Arrays, HDD Arrays
By Application
IT & Telecom, BFSI, Healthcare, Education, Manufacturing, Media & Entertainment, Energy and Utility, Retail and e-Commerce, Others
By Companies
HPE, NetApp, Dell EMC, IBM, Pure Storage, Hitachi, Fujitsu, Huawei, Western Digital
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Data Storage Market Report Segments:
The global Data Storage market is segmented on the basis of:
Types
All-Flash Arrays, Hybrid Storage Arrays, HDD Arrays
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
IT & Telecom, BFSI, Healthcare, Education, Manufacturing, Media & Entertainment, Energy and Utility, Retail and e-Commerce, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- HPE
- NetApp
- Dell EMC
- IBM
- Pure Storage
- Hitachi
- Fujitsu
- Huawei
- Western Digital
Highlights of The Data Storage Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- All-Flash Arrays
- Hybrid Storage Arrays
- HDD Arrays
- By Application:
- IT & Telecom
- BFSI
- Healthcare
- Education
- Manufacturing
- Media & Entertainment
- Energy and Utility
- Retail and e-Commerce
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Data Storage Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Data storage is the process of storing data in an organized manner.
Some of the key players operating in the data storage market are HPE, NetApp, Dell EMC, IBM, Pure Storage, Hitachi, Fujitsu, Huawei, Western Digital.
The data storage market is expected to register a CAGR of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Data Storage Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Data Storage Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Data Storage Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Data Storage Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Data Storage Market Size & Forecast, 2020-2028
4.5.1 Data Storage Market Size and Y-o-Y Growth
4.5.2 Data Storage Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 All-Flash Arrays
5.2.2 Hybrid Storage Arrays
5.2.3 HDD Arrays
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 IT & Telecom
6.2.2 BFSI
6.2.3 Healthcare
6.2.4 Education
6.2.5 Manufacturing
6.2.6 Media & Entertainment
6.2.7 Energy and Utility
6.2.8 Retail and e-Commerce
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Data Storage Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Data Storage Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 All-Flash Arrays
9.6.2 Hybrid Storage Arrays
9.6.3 HDD Arrays
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 IT & Telecom
9.10.2 BFSI
9.10.3 Healthcare
9.10.4 Education
9.10.5 Manufacturing
9.10.6 Media & Entertainment
9.10.7 Energy and Utility
9.10.8 Retail and e-Commerce
9.10.9 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 All-Flash Arrays
10.6.2 Hybrid Storage Arrays
10.6.3 HDD Arrays
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 IT & Telecom
10.10.2 BFSI
10.10.3 Healthcare
10.10.4 Education
10.10.5 Manufacturing
10.10.6 Media & Entertainment
10.10.7 Energy and Utility
10.10.8 Retail and e-Commerce
10.10.9 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 All-Flash Arrays
11.6.2 Hybrid Storage Arrays
11.6.3 HDD Arrays
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 IT & Telecom
11.10.2 BFSI
11.10.3 Healthcare
11.10.4 Education
11.10.5 Manufacturing
11.10.6 Media & Entertainment
11.10.7 Energy and Utility
11.10.8 Retail and e-Commerce
11.10.9 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 All-Flash Arrays
12.6.2 Hybrid Storage Arrays
12.6.3 HDD Arrays
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 IT & Telecom
12.10.2 BFSI
12.10.3 Healthcare
12.10.4 Education
12.10.5 Manufacturing
12.10.6 Media & Entertainment
12.10.7 Energy and Utility
12.10.8 Retail and e-Commerce
12.10.9 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 All-Flash Arrays
13.6.2 Hybrid Storage Arrays
13.6.3 HDD Arrays
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 IT & Telecom
13.10.2 BFSI
13.10.3 Healthcare
13.10.4 Education
13.10.5 Manufacturing
13.10.6 Media & Entertainment
13.10.7 Energy and Utility
13.10.8 Retail and e-Commerce
13.10.9 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Data Storage Market: Competitive Dashboard
14.2 Global Data Storage Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HPE
14.3.2 NetApp
14.3.3 Dell EMC
14.3.4 IBM
14.3.5 Pure Storage
14.3.6 Hitachi
14.3.7 Fujitsu
14.3.8 Huawei
14.3.9 Western Digital
