Enterprise Data Storage Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR44963
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The enterprise data storage market has the potential to grow by USD 1.14 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.67%.

This enterprise data storage market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (SAN, NAS, and DAS) and geography (North America, Europe, APAC, South America, and MEA). The enterprise data storage market report also offers information on several market vendors, including Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Intel Corp., International Business Machines Corp., Melco Holdings Inc., NetApp Inc., Quantum Corp., and Western Digital Corp. among others.

What will the Enterprise Data Storage Market Size be in 2021?

Enterprise-Data-Storage-Market-Market-Size-2020-2025

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Enterprise Data Storage Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increased adoption of cloud applications is notably driving the enterprise data storage market growth, although factors such as high operating expenses for vendors may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the enterprise data storage market industry get your FREE report sample now.

Cloud data centers have cost advantages and have created a huge market for them among SMEs and large enterprises although they are prone to security threats. Cloud systems enable these companies to use software products on a pay-as-per-use basis, thereby reducing their expenditure. In addition, lesser dependency on the internal IT staff, no licensing costs, low maintenance costs, and easier and faster implementation are some of the other factors that are driving SMEs toward cloud services.  Also, there is specific interest among organizations to adopt private clouds. Telecom is one of the largest-spending sectors when it comes to private cloud solutions. This gives great opportunities for vendors to tap the growing cloud market. Thus, the rising adoption of cloud services is expected to fuel the growth of the global enterprise data storage market during the forecast period.

This enterprise data storage market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Enterprise Data Storage Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.67%

Market growth 2021-2025

$ 1.14 billion

Market structure

Fragmented

YoY growth (%)

2.10

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

APAC at 34%

Key consumer countries

US, China, UK, France, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Intel Corp., International Business Machines Corp., Melco Holdings Inc., NetApp Inc., Quantum Corp., and Western Digital Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

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Who are the Major Enterprise Data Storage Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Dell Technologies Inc.
  • Fujitsu Ltd.
  • Hewlett Packard Enterprise Co.
  • Hitachi Ltd.
  • Intel Corp.
  • International Business Machines Corp.
  • Melco Holdings Inc.
  • NetApp Inc.
  • Quantum Corp.
  • Western Digital Corp.

 

The enterprise data storage market is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the enterprise data storage market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Enterprise Data Storage Market?

Enterprise-Data-Storage-Market-Market-Share-by-Region-2020-2025

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34% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for enterprise data storage market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The extensive investments by major countries, including Japan, China, and South Korea, in smart home and smart city projects will facilitate the enterprise data storage market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Type Segments in the Enterprise Data Storage Market?

Enterprise-Data-Storage-Market-Market-Share-by-Type-2020-2025

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The enterprise data storage market share growth by the SAN segment will be significant during the forecast period. The high construction rate of data centers is driving the adoption of SAN storage arrays, which aid in improving storage management and fault tolerance. To cater to the high demand vendors are also developing new storage solutions that are specifically designed to support the SAN protocol.

However, the pandemic adversely affected the IT sector, which led to a decrease or fall in IT spending, thereby impacting the revenue generated from the SAN market segment. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the enterprise data storage market size.

What are the Key Factors Covered in this Enterprise Data Storage Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive enterprise data storage market growth during the next five years
  • Precise estimation of the enterprise data storage market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the enterprise data storage market industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of enterprise data storage market vendors

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Research Framework

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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The enterprise data storage market growth will increase by $3284.91 million during 2019-2024.
The enterprise data storage market is expected to grow at a CAGR of 1.37% during 2019-2024.
Technavio has segmented the enterprise data storage market by type (SAN, NAS, and DAS) and geographic (North America, Europe, APAC, South America, and MEA).
Buffalo EU BV, Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Intel Corp., International Business Machines Corp., NetApp Inc., Quantum Corp., Western Digital Corp. are a few of the key vendors in the enterprise data storage market.
APAC will register the highest growth rate of 52.77% among the other regions. Therefore, the enterprise data storage market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the enterprise data storage market growth are:
  • Increased adoption of cloud applications
  • SDS
The enterprise data storage market vendors should focus on grabbing business opportunities from the san segment as it accounted for the largest market share in the base year.
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