PUBLISHER: The Business Research Company | PRODUCT CODE: 1769983
PUBLISHER: The Business Research Company | PRODUCT CODE: 1769983
Hybrid storage is a data storage solution that combines multiple types of media, typically solid-state drives (SSDs) and hard disk drives (HDDs), to improve both performance and cost-effectiveness. It utilizes SSDs for fast access to frequently accessed data, while less critical or archival data is stored on more economical HDDs. This configuration enhances overall system speed and responsiveness without incurring the high costs associated with all-flash storage.
The primary components of hybrid storage include hardware, software, and services. Hardware encompasses the physical elements that form the foundation for efficient data storage, management, and integration across both on-premises and cloud environments. It supports various storage architectures such as file storage, block storage, and object storage, catering to diverse applications ranging from enterprise to personal use. Hybrid storage solutions are employed across multiple end-user industries, including banking, financial services, and insurance (BFSI), healthcare, information technology and telecommunications, retail, government, and others.
The hybrid storage market research report is one of a series of new reports from The Business Research Company that provides hybrid storage market statistics, including the hybrid storage industry global market size, regional shares, competitors with the hybrid storage market share, detailed hybrid storage market segments, market trends, opportunities, and any further data you may need to thrive in the hybrid storage industry. This hybrid storage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hybrid storage market size has grown rapidly in recent years. It will grow from $14.40 billion in 2024 to $16.27 billion in 2025 at a compound annual growth rate (CAGR) of 12.9%. The growth during the historic period can be attributed to the increasing demand for high-performance storage solutions, wider adoption of cloud computing, improvements in flash memory technology, growing data generation from enterprises, and the reduction in costs of solid-state drives (SSDs).
The hybrid storage market size is expected to see rapid growth in the next few years. It will grow to $26.08 billion in 2029 at a compound annual growth rate (CAGR) of 12.5%. The anticipated growth in the forecast period can be linked to the expansion of edge computing infrastructure, the integration of AI and machine learning workloads, a rising need for energy-efficient storage systems, greater adoption of NVMe technology, and an increased emphasis on data security and encryption in storage solutions. Key trends expected in the forecast period include the growing use of AI-driven storage management, the integration of NVMe over Fabrics, the emergence of software-defined storage solutions, advancements in data encryption and security features, and the expansion of cloud-native hybrid storage architectures.
The growing volume of data is expected to drive the expansion of the hybrid storage market in the future. Data volume refers to the total amount of data generated, stored, or processed by a system over a specific period. This increase is fueled by the widespread use of connected devices, which continuously produce and share data, leading to rapid data generation growth. Hybrid storage enhances data volume management by combining fast flash memory with high-capacity traditional drives, enabling quick access to critical data while economically storing less frequently used information. This method improves performance and scalability to accommodate rising data loads. For example, in December 2022, the SODA Foundation, a US-based open-source initiative, reported that the average annual data growth for an end-user organization jumped from 700 TB in 2021 to 2,208 TB in 2022, representing a threefold increase within one year. Consequently, the rising data volume is a key factor driving the hybrid storage market.
Leading companies in the hybrid storage market are developing advanced solutions such as block storage appliances to enhance performance and cost-efficiency by integrating flash and traditional disk storage technologies. A block storage appliance organizes and delivers data in fixed-size blocks, offering high performance and flexibility for applications requiring fast, low-latency access to structured data. For instance, in May 2024, Hitachi Vantara, a US-based provider of object storage solutions, expanded its Virtual Storage Platform One portfolio aimed at mid-sized enterprises. The new models provide a unified data plane for both structured and unstructured block storage data, simplifying data management, improving security, and promoting sustainability. This appliance enables businesses to consolidate applications, scale from a single unit up to a 65-node cluster, and smoothly integrate traditional block workloads with modern cloud-native applications, supporting hybrid cloud environments while optimizing resources and reducing operational complexity.
In January 2025, Lenovo, a China-based technology company specializing in smart devices, acquired Infinidat for an undisclosed sum. This acquisition aims to enhance Lenovo's global enterprise storage portfolio by incorporating Infinidat's high-performance, high-end storage solutions and research expertise, accelerating innovation and broadening Lenovo's offerings for modern data centers and AI workloads. Infinidat, based in Israel, provides enterprise storage solutions focused on automating hybrid cloud storage.
Major players in the hybrid storage market are Microsoft Corporation, Dell Technologies, Amazon Web Services (AWS), Huawei Technologies Co. Ltd., Lenovo Group Limited, International Business Machines Corporation, Oracle Corporation, Hewlett Packard Enterprise (HPE), Fujitsu Limited, Toshiba Corporation, Western Digital Corporation, Seagate Technology LLC, Hitachi Vantara LLC, NetApp Inc., Solidigm, Quantum Corporation, DataDirect Networks (DDN), Zadara Inc., QSAN Technology Inc., Virtix IT.
North America was the largest region in the hybrid storage market in 2024. The regions covered in hybrid storage report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the hybrid storage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hybrid storage market consists of sales of tiered storage systems, storage controllers, and storage enclosures. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Hybrid Storage Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hybrid storage market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hybrid storage ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hybrid storage market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.