Increasing demand for storage of huge data volume due to the digitalization in the many industries including healthcare, banking, financial services and insurance (BFSI), retail, etc. and the increased growth of IoT devices, smart phones, laptop, and many other devices are some major factor driving the growth of Data storage market.
Data Storage Market is valued at USD 54.03 Billion in 2018 and expected to reach USD 120.94 Billion by 2025 with the CAGR of 12.2% over the forecast period.
Scope of Global Data Storage Market Report–
Data storage is the method of storing the information in the form of on electromagnetic, optical or silicon-based storage media. It is used to archive, organize, and share the data applications of network protocols, documents to media, and address books to user using information technology. It is the main component of big data technology, IoT connected devices, digital camcorders and many others. There are different types of storage including hard disk drives (HDDs), RAM, and floppy disks, solid-state storage, optical storage, magnetic tape and many others. These electronic data storage requires electrical power to store and retrieve data. The next generation data storage is shrinking the size of the devices with the help of nano-technology. The next generation solid state drive (SSD) type of storage devices are estimated to emerge as one of the fastest-growing technology, supported by data encryption and storage using electronic chips instead of magnetic strips which enhances the life of device. The data storage is easily available with affordable prices and simple storage technologies to promote people to store the data used in many sectors including healthcare, BFSI and many others.
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The Global Data Storage Market is segmented on the basis of product type, technique of storage, end-user, and region & country level. On the basis of product type, the market is classifies as hard disk drive (HDD), solid state drive (SSD), and hybrid flash array and many others. On the basis of technique of storage, the global data storage is classified as direct-attached storage, storage area network, on-premise, cloud based, network-attached storage and many others. On the basis of end-user, the global data storage is segmented into healthcare, BFSI, retail, government bodies, telecom companies and others.
The regions covered in global data storage market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, global data storage market sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key players for Global Data Storage Market Report–
Global data storage market reports cover prominent players Microsoft Corporation, VMware, Inc., Hewlett Packard Enterprise Co., IBM Corporation, NetApp, Nexenta Systems, Open Text Corp., SanDisk Corporation, Hitachi, Ltd., Dell Inc, and others.
Global Data Storage Market Dynamics–
The major factors driving the growth of global data storage market are increasing demand for storage of huge data volume due to digitalization in the many industries including healthcare, banking, financial services and insurance (BFSI), retail, etc., and the surge in growth of IoT devices, smart phones, laptop, and many other devices. According to the recent research, the worldwide enterprise storage systems market was increased from 57.3 year-over-year to 113.9 Exabyte with 19.4 percent year-over-year increment in last quarter of 2018. In addition, according to the United Nations Conference on Trade and Development in 2017, the global Internet Protocol (IP) traffic, a proxy for data flows, grew to 45,000 GB per second and yet the world is only in the early days of the data-driven economy by 2022 global IP traffic is expected to reach 150,700 GB per second, fuelled by the expansion of the Internet of Things (IoT), and more online traffic increasing at rapid pace. This rapidly increase in the traffic will generates the massive data which automatically fuel the demand for next generation storage devices.
However, one of the major factors that restrict the data storage market are data breaches hence need security solution to safeguard the data and magnetic data storage devices has lower life span as compare to next generation cloud and SSD type storage. Moreover, rising focus on manufacturing of next generation data storage systems with technological advancement using artificial intelligence, advent of nanotechnology, big data, IoT, and growing market penetration of solid-state drives and cloud solutions, the hybrid flash array for the growing demand for efficiency and performance across complex enterprise applications can create huge opportunity for the further growth of the global data storage market.
Global Data Storage Market Regional Analysis–
Europe region is expected to grow at a significant rate due to surge in followed by Asia Pacific. During the Covid-19 pandemic, all the industry has noted somehow slack in the sale including smart phones, laptops, tablets and many others which has impacted the data storage market.
The Asia Pacific is the largest still the world's strongest growth market for the growth of data storage due to presence of electronic devices manufacturing industry with surge in population. China is the leading region to contribute the data storage market due to early adoption of advanced technology like IoT devices, AI, big data, cloud & hybrid storage systems.
North America is expected to dominate the growth data storage market with the potential rate due to surge in adoption rate of advanced technology like IoT devices, artificial intelligence, as well as penetration of digital platforms in this region followed by Europe and Asia Pacific. According to a recent report of United Nations Conference on Trade and Development, IoT devices were an estimitated 9.9 billion in 2019 to grow 21.5 billion in 2025 and the United States and China accounts for around 50% of global IoT spending on the devices and 25% by the major countries from Asia Pacific and Europe including United Kingdom, Japan, France, Republic Korea and Germany. This massive rise in the IoT devices market has generated huge opportunity for the data storage market which is the heart of every IoT device.
Key Benefits for Global Data storage Market Report–
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Data Storage Market Segmentation:–
By Product Type:
Hard Disk Drive (HDD)
Solid state drive (SSD)
hybrid flash array
Others
By Technique of Storage:
Direct-attached storage
Storage area network
On-premise
Cloud based
Network-attached storage
Others
By End-user:
Healthcare
BFSI
Retail
government bodies
Telecom companies
Others
By Regional & Country Analysis:
North America
US.
Mexico
Canada
Europe
UK
France
Germany
Italy
Asia Pacific
China
Japan
India
Southeast Asia
South America
Brazil,
Argentina
Columbia
The Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Table of Content
1 Study Coverage
1.1 Data Storage Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Executive Summary
2.1 Global Data Storage Market Size
2.1.1 Global Data Storage Revenue 2014-2025
2.1.2 Global Data Storage Production 2014-2025
2.2 Data Storage Growth Rate (CAGR) 2020-2025
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio
2.3.2 Key Data Storage Manufacturers
2.3.2.1 Data Storage Manufacturing Base Distribution, Headquarters
2.3.2.2 Manufacturers Data Storage Product Offered
2.3.2.3 Date of Manufacturers Enter into Data Storage Market
2.4 Key Trends for Data Storage Markets & Products
3 Market Size by Manufacturers
3.1 Data Storage Production by Manufacturers
3.1.1 Data Storage Production by Manufacturers
3.1.2 Data Storage Production Market Share by Manufacturers
3.2 Data Storage Revenue by Manufacturers
3.2.1 Data Storage Revenue by Manufacturers (2014-2020)
3.2.2 Data Storage Revenue Share by Manufacturers (2014-2020)
3.3 Data Storage Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans
4 Data Storage Production by Regions
4.1 Global Data Storage Production by Regions
4.1.1 Global Data Storage Production Market Share by Regions
4.1.2 Global Data Storage Revenue Market Share by Regions
4.2 North America
4.2.1 North America Data Storage Production
4.2.2 North America Data Storage Revenue
4.2.3 Key Players in North America
4.2.4 North America Data Storage Import & Export
4.3 Europe
4.3.1 Europe Data Storage Production
4.3.2 Europe Data Storage Revenue
4.3.3 Key Players in Europe
4.3.4 Europe Data Storage Import & Export
4.4 China
4.4.1 China Data Storage Production
4.4.2 China Data Storage Revenue
4.4.3 Key Players in China
4.4.4 China Data Storage Import & Export
4.5 Japan
4.5.1 Japan Data Storage Production
4.5.2 Japan Data Storage Revenue
4.5.3 Key Players in Japan
4.5.4 Japan Data Storage Import & Export
5 Data Storage Consumption by Regions
5.1 Global Data Storage Consumption by Regions
5.1.1 Global Data Storage Consumption by Regions
5.1.2 Global Data Storage Consumption Market Share by Regions
5.2 North America
5.2.1 North America Data Storage Consumption by Application
5.2.2 North America Data Storage Consumption by Countries
5.2.3 United States
5.2.4 Canada
5.2.5 Mexico
5.3 Europe
5.3.1 Europe Data Storage Consumption by Application
5.3.2 Europe Data Storage Consumption by Countries
5.3.3 Germany
5.3.4 France
5.3.5 UK
5.3.6 Italy
5.3.7 Russia
5.4 Asia Pacific
5.4.1 Asia Pacific Data Storage Consumption by Application
5.4.2 Asia Pacific Data Storage Consumption by Regions
5.4.3 China
5.4.4 Japan
5.4.5 South Korea
5.4.6 India
5.4.7 Australia
5.4.8 Indonesia
5.4.9 Thailand
5.4.10 Malaysia
5.4.11 Philippines
5.4.12 Vietnam
5.5 Central & South America
5.5.1 Central & South America Data Storage Consumption by Application
5.5.2 Central & South America Data Storage Consumption by Country
5.5.3 Brazil
5.6 Middle East and Africa
5.6.1 Middle East and Africa Data Storage Consumption by Application
5.6.2 Middle East and Africa Data Storage Consumption by Countries
5.6.3 Turkey
5.6.4 GCC Countries
5.6.5 Egypt
5.6.6 South Africa
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