Data Center Storage Market by Deployment and Geography - Forecast and Analysis 2020-2024
- Published: Apr 2020
- Pages: 120
- SKU: IRTNTR41057
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The data center storage market size has the potential to grow by USD 126.3 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by deployment (SAN system, NAS system, and DAS system) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Dell Technologies Inc., Equinix Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Huawei Investment & Holding Co. Ltd., International Business Machines Corp., Lenovo Group Ltd., NetApp Inc., Oracle Corp., and Pure Storage Inc.
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Market Competitive Analysis
The data center storage market is concentrated owing to the high strategic alliances among the few existing vendors in the market. International Business Machines Corp., Lenovo Group Ltd., NetApp Inc., Oracle Corp., and Pure Storage Inc. are some of the major market participants. Although the growing deployment of edge computing will offer immense growth opportunities, the increasing data center consolidation will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this data center storage market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this data center storage market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Dell Technologies Inc.
- Equinix Inc.
- Fujitsu Ltd.
- Hewlett Packard Enterprise Co.
- Huawei Investment & Holding Co. Ltd.
- International Business Machines Corp.
- Lenovo Group Ltd.
- NetApp Inc.
- Oracle Corp.
- Pure Storage Inc.
Data Center Storage Market: Segmentation by Region
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North America was the largest data center storage market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing number of data centers and the growing demand for IoT devices will significantly influence data center storage market growth in this region.
Almost 30% of the market’s growth will originate from North America during the forecast period. The US is the key market for data center storage in North America. Market growth in this region will be slower than the growth of the market in MEA and APAC.
Data Center Storage Market: Segmentation by Deployment
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SAN is a high-speed network that interconnects different data storage devices with associated servers and other computing devices. A SAN system has high-performance capacity, because of which it is highly preferred for high-speed traffic such as high transaction databases and e-commerce websites. SAN is primarily deployed by enterprises such as Facebook and Google that deal with high-volume and resource-intensive data, where the data needs to be processed simultaneously.
Data center storage market share growth by the SAN system will be faster than the growth of the market by the other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the data center storage market size.
Data Center Storage Market: Key Drivers and Trends
Data generation has increased significantly in end-user industries such as telecommunication, manufacturing, and energy over the past few years. This has led to the demand for more technologically advanced edge platforms. To capitalize on this demand, vendors are working on developing new edge computing platforms to help their clients improve data management capabilities at the edge of the network – leading to an increase in the investments in the deployment of edge computing. The increasing deployment of edge computing will increase the need for edge data centers and is expected to drive the global data center storage market growth during the forecast period.
- The increasing preference for hyper-converged infrastructure (HCI) in data centers is one of the primary data center storage market trends.
- HCI runs 1U or 2U server nodes and helps in the reduction of power and maintenance costs for data center operators. Its converged architecture also helps in reducing the data center footprint and crease more technical and core IT space. This enables the installation of more racks, which subsequently lead to an increase in the demand for data storage solutions.
- HCI systems are also capable of handling various workloads, including virtual desktop infrastructure (VDI), databases such as Oracle and SQL, and collaboration software such as Microsoft Exchange, Microsoft SharePoint, and other enterprise applications.
- HCI systems are increasingly adopted among organizations owing to the above-mentioned advantages. This will lead to an increase in the demand for storage solutions.
- The global data center storage market size is expected to grow at a CAGR of almost 27% during 2020-2024.
Data Center Storage Market: Key Highlights of the Report for the Forecast Period 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive data center storage market growth during the next five years
- Precise estimation of the data center storage market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the data center storage market industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of data center storage market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Increasing volume, velocity, veracity, and variety (4Vs) of data
- Growing investments in hyperscale data centers (HDCs)
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