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