Global Data Storage Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Data storage is the recording of information in a storage medium using a computer, laptop, smartphones, tablets and all the consumer electronic devices to store data. The data storage market will be growing with a significant CAGR of 24.1% during the forecast period 2019-2025. Emerging growth in IoT and rising need for enterprise mobility to improve the efficiency are the major factors boosting the market growth. However, lack of network bandwidth and fear of vendor lock-in and organisations are hampering the growth of the data storage market. Increasing rate of adoption among the SMEs and emerging need for technologically advanced storage solutions are providing the huge number of opportunities in a coming couple of decades.

Research Study Objectives:

• Define, estimate, and forecast the data storage market statistics by product, architecture, type, cloud services, end-user, and regions concerning the individual growth drivers, market trends and their contribution toward the data storage market growth
• Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
• Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
• Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the data storage Market Analysis report.
• Analysis and conclusions on the future data storage market outlook.

Top-down and bottom-up approaches are used to validate the data storage Market Size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The data storage Market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the data storage market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.

The scope of the Report

The data storage market segmentation is as follows:

By Product

• Software Defined Storage
• Storage Area Network
• Cloud Storage
• Direct Attached Storage
• Unified Storage
• Network Storage
• Others

By Architecture

• Block Storage
• Object Storage
• File Storage
• Others

By Type

• Primary Storage
  • Static RAM
  • Dynamic RAM
• Secondary Storage
  • Magnetic Storage
    • Hard Disk Drive
      • Internal
      • External
    • Magnetic Tapes
  • Flash Drives
    • USB Flash Drives
    • Memory Card
    • Memory Stick
  • Solid State Storage
    • Flash Arrays
    • Hybrid Arrays
  • Optical Drives

By Cloud services

• Google Drive
• Apple iCloud
• Dropbox
• Microsoft OneDrive (AZURE)
• Others

By End-user

• Banking, Financial Services and Insurance
• Automotive
• Enterprises
• Consumer
• Energy
• Telecommunication
• Media & Entertainment
• Education
• Government
• Others

Geographical Analysis:

Data Storage Market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.

Customization Options:

With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the data storage Market include:

• Scope Revision
• Geographic Analysis
• Company Profiles
• Historical Data & Forecasting
• Key Contact Persons in companies

Global data storage Market Research Report Includes:

• An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOTanalysis, and Y-o-Y analysis.
• Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
• Identifying DROC in the current market and their impact on altering market dynamics.
• Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
• Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
• Identify the latest developments, market shares and strategies that are employed by the significant data storage market players, such as
  • IBM Corporation
  • VMware, Inc.
  • NetApp, Inc.
  • Microsoft Corporation
  • Hewlett Packard Development Company, L.P.

Along with these companies, many other companies are considered in the report while analysing the global data storage competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.