The server storage market share is expected to increase by USD 54.68 billion from 2021 to 2026, at a CAGR of 27.49%.

This server 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 server storage market segmentation by type (enterprise and hyperscale) and geography (North America, Europe, APAC, South America, and MEA). The server storage market report also offers information on several market vendors, including Citrix Systems Inc., DataCore Software Corp., DataDirect Networks Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Jair Network and Services Pvt. Ltd., Nutanix Inc., Scale Computing, StorMagic, and TATWA Technologies Ltd. among others.

What will the Server Storage Market Size be During the Forecast Period?

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Server Storage Market: Key Drivers and Challenges

The increasing investments in data centers is notably driving the server storage market growth, although factors such as rising cybersecurity threats may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the server storage industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Server Storage Market Driver

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 server storage. As these companies need to build their own data centers, they approach data center construction services and server storage 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 server storage 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 server storage market during the forecast period.

Key Server Storage Market Challenge

The threat of cyberattacks has increased significantly over the past few years. Enterprises across different industry verticals are concerned about the security of sensitive information, such as customers' personal details, financial information, and the organization's intellectual property. Furthermore, new data protection regulations, such as the General Data Protection Regulation (GDPR), are enforcing stringent regulations on enterprises to protect sensitive data. Thus, enterprises must ensure security features, such as data encryption at rest, motion, and use; regulatory compliance; multi-factor authentication; and securing personally identifiable information (PII) before deploying storage systems to prevent such attacks. All these factors have increased the need for effective data security software and solutions, which has further increased the cost and overall operational expenses for enterprises.

This server 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. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Server Storage Market Vendors?

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

• Citrix Systems Inc.
• DataCore Software Corp.
• DataDirect Networks Inc.
• Dell Technologies Inc.
• Hewlett Packard Enterprise Co.
• Jair Network and Services Pvt. Ltd.
• Nutanix Inc.
• Scale Computing
• StorMagic
• TATWA Technologies Ltd.

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

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 server storage 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. 

Which are the Key Regions for Server Storage Market?

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43% of the market's growth will originate from North America during the forecast period. The US is a key market for server storage in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America. We also offer Global Server Market report which covers the Americas, and the EMEA and APAC regions.

The rising adoption of high-performance computing (HPC) systems in industry verticals, such as government, BFSI, and healthcare will facilitate the server storage market growth in North America 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.

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

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The server storage market share growth by the enterprise segment will be significant during the forecast period. An enterprise server storage is a centralized repository for business information. It provides a common resource for data sharing, management, and protection via connections to other computer systems. Enterprise server storage is designed to process heavy workloads of business-critical information. 

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

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

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive server storage market growth during the next five years
• Precise estimation of the server storage market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the server storage 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 server storage market vendors

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