Yahoo Finance Data Center Storage Market to Exhibit a Remarkable CAGR of 11.49% by 2030, Size, Share, Trends, Key Drivers, Growth and Opportunity Analysis
Data Bridge Market Research analyses that the data center storage market is expected to reach USD 118.90 million by 2030, which is USD 49.81 billion in 2022., at a CAGR of 11.49% during the forecast period
NEW YORK, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Data Bridge Market Research has recently published comprehensive business research on "Data Center Storage Market" including historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the related industry. Data Center Storage Market research report gives critical information about the market and business landscape. It suggests how the company is perceived by the target customers and clients that are desired to reach. The report helps us understand how to connect with customers, how to stack up against the competition, and how to plan the next steps. It plays an important role in the process of developing products and services, bringing them to the marketplace, and marketing them to consumers. For many businesses, Data Center Storage Market report acts as a key component in developing marketing strategy by providing a fact-based foundation for estimating sales and profitability.
Data Bridge Market Research analyses that the data center storage market is expected to reach USD 118.90 million by 2030, which is USD 49.81 billion in 2022, at a CAGR of 11.49% during the forecast period. 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.
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Data Center Storage Market Analysis:
Data center storage refers to the type of technologies and tools used in the data center to monitor and manage the storage infrastructure and resources. Some of technologies and utilities used in data center storage comprise NAS, RAID, tap drives, hard disk drives and SAN among others. These components are measured as a part of the data center infrastructure.
Constant growth and development in advanced management solutions by the major manufacturers which are operating in the data center energy field to increase energy consumptions is anticipated to enhance the growth of the data center storage market. Moreover, rising demand for storage area network (SAN) System because it is well-known as a high-speed network that interconnects different data storage devices with computing devices and associated servers accelerates the market growth. The surge in focus on evolving new edge computing platforms to aid their clients to increase data management capabilities will further influence the market.
Top Leading Key Players of Data Center Storage Market:
Hewlett Packard Enterprise Development LP (U.S.)
Dell Inc, (U.S.)
Lenovo (China)
Orcale (U.S.)
IBM (U.S.)
Hitachi (Japan)
Fujitsu (Japan)
Silicon Graphics International Corp. (U.S.)
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 Inc (U.S.)
Western Digital Corporation (U.S.)
Toshiba CORPORATION (Japan)
AmZetta Technologies (U.S.)
Opportunities
Technological advancements in data center storage market
Technological advancements such as the introduction of sustainable data centers or green data centers are expected to create lucrative market growth opportunities during the forecast period. These data centers will mainly focus on inaugurating server facilities that use energy-efficient technologies. It will aid in storing, managing and disseminating information or data in which the lighting, electrical, mechanical and computing systems are designed for maximum energy efficiency and minimal environmental impact. As a result, the green data centers will highly focus on recovering unused storage and distributing it elsewhere in the facility.
Why Consider this report?
The report offers a comprehensive evaluation of the Global Data Center Storage Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter’s 5 forces model.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
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Global Data Center Storage Market Drivers
Increasing demand for storage area network (SAN) system
Storage area network (SAN) systems aid in accessing and managing large amounts of data or information. They have low capital and upgradation costs. Such advantages of storage area network (SAN) systems have augmented the adoption of these systems among end-users. Moreover, the increasing deployment of storage area network (SAN) systems in data centers led numerous major market vendors to create new storage solutions specially designed to support the storage area network protocol. All these factors are expected to contribute to the growth of the market during the forecast period.
Growth in IT infrastructure mainly in the developing economies
The wide growth of data center storage is significantly attributed to the increasing emphasis on the expansion of IT infrastructure in developing countries such as India, China and Brazil. For instance, according to the India's IT (information technology) & infrastructure and Indo- European Business Forum (IEBF) sectors shall reach up to around $10 trillion by the end of 2030. Moreover, astonishingly growing demand for cloud storage has led to a rise in the number of data centers which are consuming extensive energy in these regions. These factors may boost the growth of the market in the forecast years.
Restraints
Lack of expertise
The lack of expertise amongst the field workers to use data center blade and lack in the person of skilled professionals will hamper the growth of the data center storage market during the forecast period of 2023 to 2030.
High cost associated with data center storage market
High initial investment cost in data center storage market and high installation cost of data center storage devices or systems will also act as a biggest and foremost challenge for the growth of the market in the forecast period of 2023-2030.
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Data Center Storage Market Segmentations:
Deployment
Storage Area Network (SAN) System
Network-attached storage (NAS) System
Direct-Attached Storage (DAS) System)
Application
IT & Telecommunications
BFSI
Government
Healthcare
Others
Data Center Storage Market Country Level Analysis
The countries covered in the 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 the data center storage market in terms of revenue and market share owing to the rising demand for internet of things (IoT) devices and increase in the number of data centers in this region.
Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2023-2030 owing to the rapid growth in data center storage in several industrial sectors in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like 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.
Data Center Storage Market Report Answers the Following Questions:
How much revenue will the Data Center Storage market generate by the end of the forecast period?
Which market segment is expected to have the maximum market share?
What are the influencing factors and their impact on the Data Center Storage market?
Which regions are currently contributing the maximum share of the overall Data Center Storage market?
What indicators are likely to stimulate the Data Center Storage market?
What are the main strategies of the major players in the Data Center Storage market to expand their geographic presence?
What are the main advances in the Data Center Storage market?
How do regulatory standards affect the Data Center Storage market?
Table of Content
Introduction
Market Segmentation
Executive Summary
Premium Insights
Market Overview
Global Data Center Storage Market, By Deployment
Global Data Center Storage Market, By Application
Global Data Center Storage Market, By Region
Global Data Center Storage Market, Company Landscape
SWOT Analysis
Company Profile
Questionnaire
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To download the Full Table of Contents, Visit At https://www.databridgemarketresearch.com/toc/?dbmr=global-data-center-storage-market
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