Global Data Center Storage Market Report (2022 to 2027) - Growing Popularity of Software-Defined Storage Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Data Center Storage Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

Data center storage includes all the infrastructure, i.e., tools, processes, and technologies that enable the design, management, and monitoring of the data stored within a data center. Data storage can be classified into three ways - block level, file level, or object level. The storage market comprises several products such as hard disk drives, storage networking, solid state drives, and other infrastructure. The infrastructure mentioned above is necessary for efficient data center storage.

The data center storage market is currently dominated by HDD adoption, with around two-thirds of the market adopting the technology, with key vendors such as Seagate Technology, Western Digital, and Toshiba. Over the coming years, the demand for SSDs is also witnessing a boost, especially from data center operators and telecom companies deploying edge data centers and advanced technology such as cloud, AI, IoT, and big data.

Global demand for cloud and colocation services has soared, particularly since the COVID-19 outbreak. North America has the highest data center storage market, followed by other regions such as APAC and Europe. Expansions also dominate the market by global and local cloud service providers. Furthermore, demand gets driven by consumer support for the growing consumption of online content and digitalization initiatives across various industries. Most governments worldwide are keen to develop the digital economy of their country. They are allocating higher budgets for IT spending, which will drive the global data center storage market.

Key Trends

• Worldwide, cloud, IT, and telecom expect to witness the fastest growth in the industry. The adoption of the cloud by businesses, the development of data centers for 5G deployments, and the pay-as-you-go model for cloud storage are some of the driving forces behind this increase.
• BFSI is another industry that will witness significant growth in storage infrastructure adoption. In 2021, over 1.5 million users onboarded Brubank, a fully digital bank authorized to conduct operations by the Central Bank of Argentina. Similarly, WeBank, with Tencent as a prime investor, caters to around 200 million people.
• Adopting technology such as big data and IoT by local enterprises through digitalization initiatives has resulted in a significant rise in the procurement of all-flash and hybrid array systems.
• Increasing innovations in storage media expected to impact the global data center storage market include the adoption of DNA and holographic storage. With companies like Quantum (LTO-9, LTO-8, and LTO-7 tape drives) and Hewlett Packard Enterprise (LTO Ultrim) providing tape storage in the market, the tape storage market is coming back into the storage industry.
• Adoption of software-defined storage is expected to increasingly be used in data center storage over the next few years, mainly because over 80% of data generated is unstructured, making it more difficult to store in a traditional storage system. Software-defined storage for the use cases is currently low in the market; with more cases in countries such as Western Europe, the US, and China, the adoption will grow, along with hyper-converged platforms/rack-level architecture.

Key Questions Answered

1. How big is the global data center storage market?

2. What is the growth rate of the data center storage market growing?

3. Which region dominates the global data center storage market share?

4. What are the growth factors in the data center storage market?

5. Who are the key players in the global data center storage market?

6. What are the latest trends in the global data center storage market?

Market Dynamics

Opportunities & Trends

• 5G Adoption and the Edge
• Adoption of Nvme Storage
• Growing Popularity of Software-Defined Storage
• Relevance of Tape Storage
• Innovations in Storage Media

Growth Enablers

• Impact of Covid-19
• Growing Hyperscale Data Center Developments
• Impact of IoT and Big Data
• Increasing Adoption of Ai & Ml Workloads
• Cloud Adoption

Restraints

• Supply Chain Shortages
• Cybersecurity Concerns in Storage

Market Segmentation

Segmentation by Storage Architecture

• NAS
• SAN
• DAS

Segmentation by System

• Traditional Storage
• Flash Storage
• Hybrid Storage

Segmentation by Industry

• BFSI Sector
• Government Sector
• Cloud/IT Sector
• Others Industrial Sectors

Segmentation by Geography

North America

• US
• Canada
• Latin America
• Brazil
• Other Latin American Countries

Western Europe

• UK
• Germany
• France
• Netherlands
• Ireland
• Other Western European Countries

Nordics

• Sweden
• Other Nordic Countries

Central & Eastern Europe

• Russia
• Other Central & Eastern European Countries

Middle East & Africa

• UAE
• Saudi Arabia
• Other Middle Eastern Countries

Africa

• South Africa
• Other African Countries

APAC

• China & Hong Kong
• Australia & New Zealand
• Japan
• India
• Rest of APAC

Southeast Asia

• Singapore
• Other Southeast Asian Countries

Key Vendors

• Advanced Computer & Network Corporation
• Bufallo
• DataDirect Networks
• Dell Technologies
• FADU
• Fujitsu
• Hewlett Packard Enterprise
• Hitachi Vantara
• Huawei Technologies
• IBM
• Intel
• Infortrend
• Inspur
• Kingston Technology
• KIOXIA
• Lenovo
• Micron Technology
• NEC
• NetApp
• Oracle
• Pure Storage
• Samsung Electronics
• Seagate Technology
• Solidigm
• Toshiba
• Viking Technology
• VIOLIN
• Western Digital
• Wistron (WIWYNN)
• ZOTAC

For more information about this report visit https://www.researchandmarkets.com/r/wuca3u