PUBLISHER: TechNavio | PRODUCT CODE: 1748490
PUBLISHER: TechNavio | PRODUCT CODE: 1748490
The data center storage market is forecasted to grow by USD 157 bn during 2024-2029, accelerating at a CAGR of 20.7% during the forecast period. The report on the data center storage market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing volume, velocity, veracity, and variety (4Vs) of data, growing demand for non-volatile memory express-enabled storage solutions, and growing deployment of edge computing.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 16.6% |
CAGR | 20.7% |
Incremental Value | $157 bn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's data center storage market is segmented as below:
By Deployment
By Component
By End-user
By Geographical Landscape
This study identifies the growing penetration of iot-enabled devices as one of the prime reasons driving the data center storage market growth during the next few years. Also, implementation of ai in enterprises and increasing preference for hyper-converged infrastructure in data centers will lead to sizable demand in the market.
The report on the data center storage market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading data center storage market vendors that include DataDirect Networks Inc., Dell Technologies Inc., Equinix Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Vantara LLC, Huawei Technologies Co. Ltd., Inspur Group., International Business Machines Corp., Lenovo Group Ltd., NEC Corp., NetApp Inc., Nimbus Data Inc., Oracle Corp., Pure Storage Inc., Quanta Computer Inc., and Vast Data. Also, the data center storage market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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