Enterprise Storage Systems Market by Deployment and Geography - Forecast and Analysis 2021-2025

The enterprise storage systems market share is expected to increase by USD 15.15 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.92%.

This enterprise storage systems 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 enterprise storage systems market segmentation by deployment (SAN system, NAS system, and DAS system) and geography (North America, Europe, APAC, South America, and MEA). The enterprise storage systems market report also offers information on several market vendors, including DataDirect Networks Inc., Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Investment and Holding Co. Ltd., International Business Machines Corp., Lenovo Group Ltd., NetApp Inc., and Western Digital Corp. among others.

What will the Enterprise Storage Systems Market Size be During the Forecast Period?

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Enterprise Storage Systems Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and after the post-COVID-19 era. The increasing investments in data centers are notably driving the enterprise storage systems market growth, although factors such as increasing data center consolidation activity may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the enterprise storage systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Enterprise Storage Systems Market Driver

The increasing investments in data centers are one of the key factors driving the growth of the global enterprise storage systems market. The need for data centers is growing, owing to an increase in the adoption of cloud services and the generation of a considerable volume, variety, veracity, and velocity of data across enterprises. Companies such as Google, Amazon.com, Apple, and Facebook, are investing significantly in building their own data centers. These companies are clients of enterprise storage systems. As these companies need to build their own data centers, they approach data center construction services and enterprise storage systems providers for design, engineering services, and mechanical services. Thus, an increase in the investments made by enterprises in building their own data centers will have a positive impact on the growth of the global enterprise storage systems market. An increase in investments in the construction of data center facilities by enterprises, such as Facebook Inc. (Facebook), Amazon.com Inc. (Amazon.com), Apple Inc. (Apple), and Google LLC (Google), will increase the demand for servers and other storage devices, which will drive the growth of the global enterprise storage systems market during the forecast period.

Key Enterprise Storage Systems Market Trend

The hyper-converged infrastructure will fuel the global enterprise storage systems market growth. Hyper-converged infrastructure is defined as a combination of software-defined resources, namely storage, computing, and networking. It eliminates the need for enterprises to depend on multiple storage, computing, and networking systems, as all the three components can be run in a virtualized environment to enhance resource utilization. Furthermore, it reduces power consumption and optimizes space, resulting in increased agility, speed, and efficiency of data centers. Hyper-converged infrastructure is ideal for SMEs as the compute, storage, and network functions can be managed centrally. The rising demand for hyper-converged infrastructure is expected to contribute to the growth of the global enterprise storage systems market during the forecast period. Global vendors are actively promoting hyper-converged infrastructure solutions. Software-defined storage is possible via multiple options, such as hyper-converged infrastructure software, containers, hypervisor, scale-out storage, and distributed file systems. Therefore, the rise in the adoption of hyper-converged infrastructure by enterprises is expected to lead to the significant growth of the global enterprise storage systems market during the forecast period.

Key Enterprise Storage Systems Market Challenge

The increasing data center consolidation activity is a major challenge for the global enterprise storage systems market growth. Infrastructure-as-a-service (IaaS) is an important cloud concept in which several companies utilize virtualized computing resources over the Internet. Some examples of IaaS include Digital Ocean, Linode, Rackspace, Amazon Web Services (AWS), Cisco Metapod, Microsoft Azure, and Google Compute Engine (GCE). The significant growth of IaaS has led to data center consolidation. Datacenter consolidation is a concept in which companies focus on reducing the size of a data center facility or even merging several such facilities. The major reason for doing so is to reduce their operating costs. Several software companies are moving toward adopting a common cloud platform, which will reduce the need for individual data centers. Some companies, including Salesforce, Tableau, and SAP, have announced plans to utilize the public cloud in the IaaS deployment option. Moreover, The increase in data center virtualization leads to consolidation and reduces the number of data centers. This hinders the sales of infrastructure and reduces the footprint of data centers worldwide, thereby affecting the demand for enterprise storage systems.

This enterprise storage systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

The global enterprise storage systems market is a part of the global information technology spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the enterprise storage systems market during the forecast period.

Who are the Major Enterprise Storage Systems Market Vendors?

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

 

• DataDirect Networks Inc.
• Dell Technologies Inc.
• Fujitsu Ltd.
• Hewlett Packard Enterprise Co.
• Hitachi Ltd.
• Huawei Investment and Holding Co. Ltd.
• International Business Machines Corp.
• Lenovo Group Ltd.
• NetApp Inc.
• Western Digital Corp.

 

This statistical study of the enterprise storage systems market encompasses successful business strategies deployed by the key vendors. The enterprise storage systems market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

Product Insights and News

• DataDirect Networks Inc. - The company provides storage systems under the brands Vmstore, IntelliFlash, and Nexenta

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.

The enterprise storage systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Enterprise Storage Systems Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the enterprise storage systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global information technology spending market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Enterprise Storage Systems Market?

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30% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for enterprise storage systems market in APAC. Market growth in this region will be faster than the growth of the market in regions.

The increased investments in data centers will facilitate the enterprise storage systems market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The spread of the COVID-19 pandemic and the rising number of COVID-19 cases in countries such as China, South Korea, and Malaysia had a negative impact on the growth of the market in the region in 2020. For instance, the number of people diagnosed with COVID-19 is increasing in China, South Korea, and Malaysia. However, in 2021, the initiation of large-scale vaccination drives has lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.

What are the Revenue-generating Deployment Segments in the Enterprise Storage Systems Market?

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The enterprise storage systems market share growth by the SAN system segment will be significant during the forecast period. SAN is a high-speed network of storage device connected to a server. It provides block-level data storage for applications that run on networked servers. SAN has proven to be more effective in terms of performance in evolving enterprise data center environments. SAN solutions aid in improved storage management and fault tolerance. They are specifically designed to remove single points of failure, thus making them highly resilient and available.

This report provides an accurate prediction of the contribution of all the segments to the growth of the enterprise storage systems market size and actionable market insights on post COVID-19 impact on each segment.

Enterprise Storage Systems Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 5.92%
Market growth 2021-2025	$ 15.15 billion
Market structure	Fragmented
YoY growth (%)	5.16
Regional analysis	North America, Europe, APAC, South America, and MEA
Performing market contribution	APAC at 30%
Key consumer countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	DataDirect Networks Inc., Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Investment and Holding Co. Ltd., International Business Machines Corp., Lenovo Group Ltd., NetApp Inc., 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 recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive enterprise storage systems market growth during the next five years
• Precise estimation of the enterprise storage systems market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the enterprise storage systems 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 storage systems market vendors

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