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Data Storage Market

Global Data Storage Market Size, Share, Trends, Forecast: By Storage Architecture: File and Object Based Storage, Block Storage; By Storage Type: Enterprise Storage, Consumer Storage, Others; By Storage System: Direct-Attached Storage, Others; By End Use; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Data Storage Market Outlook

The global data storage market witnessed a healthy growth in the historical period of 2018-2023, aided by the rapid digitisation. The market is expected to grow at a CAGR of 26% during the forecast period of 2024-2032.

 

Global Data Storage Marke

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The Asia Pacific Expected to Hold a Major Share in the Global Market for Data Storage

With the growing digitisation and an increase in the number of active mobile users, the demand for data storage is expected to grow in the coming years, especially in the Asia Pacific region. Also, the sale of external hard drives and other storage devices in countries like China and India is driving the market forward. Data storage is an essential requirement for huge corporations and industries, right from banks to huge multinationals. Additionally, technological advancements are expected to drive the data storage industry forward. Early adoption of technology and rapid advancements in the field have provided impetus to the market growth in the region. Moreover, the rising penetration of the internet and increasing volumes of media data transfer are expected to drive the industry forward.

 

Data Storage: Market Segmentation

Data storage refers to the recording or storing of information and data in an electromagnetic, optical, or silicon-based storage medium. Data is often stored in a digital, machine-readable medium, and is called digital data. The prevalent forms of data storage are file storage, object storage, and block storage.

 

Global Data Storage Market By Storage System

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On the basis of storage architecture, the market can be bifurcated into:

  • File and Object Based Storage
  • Block Storage

Based on storage type, the industry is being segmented into:

  • Enterprise Storage
    • Flash Storage
    • Cloud Based Storage
    • Hard Disk Drive (HDD)
    • Software Defined Storage
    • Hyper-Converged Infrastructure
    • Others
  • Consumer Storage
    • Optical Disk
    • Memory Card
    • USB Flash Drives
    • Solid State Devices
    • Hard Disk Drive (HDD)
    • Others

By storage system, the market is divided into:

  • Direct-Attached Storage
  • Network-Attached Storage
  • Storage Area Network

Based on end use, the market is divided into:

  • Media and Entertainment
  • Education
  • IT and Telecommunications
  • Defence and Aerospace
  • Banking, Financial Services and Insurance (BFSI)
  • Cloud Service Providers
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Data Storage Market By Region

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Rapid Digitisation in Huge Corporate Giants is Driving the Market Growth of Data Storage

The rapidly growing digital infrastructure and penetration of cloud-based services in organisations are driving the global data storage industry forward. As new industries are joining the market, there have been a rise in new technologies and improvements in the existing structures of data storages, taking the market forward. Increased production of information from input-output electronic devices across various applications is acting as a catalyst for the market growth. The adoption of data storage structures in banks as a move to reduce paperwork and increase digitisation is providing an impetus to the market growth. Moreover, the adoption of technologies like the internet of things (IoT) in various end-use industries is expected to drive the market forward.

 

Key Industry Players in the Global Data Storage Market

The report gives a detailed analysis of the following key players in the global data storage market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • IBM Corporation
  • NetApp, Inc.
  • Microsoft Corporation
  • Pure Storage, Inc.
  • Dell Inc.
  • Samsung Electronics
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Storage Architecture
  • Storage Type
  • Storage System
  • End Use
  • Region
Breakup by Storage Architecture
  • File and Object Based Storage
  • Block Storage
Breakup by Storage Type
  • Enterprise Storage
  • Consumer Storage
  • Others
Breakup by Storage System
  • Direct-Attached Storage
  • Network-Attached Storage
  • Storage Area Network
Breakup by End Use
  • Media and Entertainment
  • IT and Telecommunications
  • Defence and Aerospace
  • Banking, Financial Services and Insurance (BFSI)
  • Cloud Service Providers
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • IBM Corporation
  • NetApp, Inc.
  • Microsoft Corporation
  • Pure Storage, Inc.
  • Dell Inc. 
  • Samsung Electronics
  • Others
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Data Storage Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Data Storage Historical Market (2018-2023) 
    8.3    Global Data Storage Market Forecast (2024-2032)
    8.4    Global Data Storage Market by Storage Architecture
        8.4.1    File and Object Based Storage
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Block Storage
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Data Storage Market by Storage Type
        8.5.1    Enterprise Storage
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
            8.5.1.3    Breakup by Type
                8.5.1.3.1    Flash Storage
                    8.5.1.3.1.1    Historical Trend (2018-2023)
                    8.5.1.3.1.2    Forecast Trend (2024-2032)
                8.5.1.3.2    Cloud Based Storage
                    8.5.1.3.2.1    Historical Trend (2018-2023)
                    8.5.1.3.2.2    Forecast Trend (2024-2032)
                8.5.1.3.3    Hard Disk Drive (HDD)
                    8.5.1.3.3.1    Historical Trend (2018-2023)
                    8.5.1.3.3.2    Forecast Trend (2024-2032)
                8.5.1.3.4    Software Defined Storage
                    8.5.1.3.4.1    Historical Trend (2018-2023)
                    8.5.1.3.4.2    Forecast Trend (2024-2032)
                8.5.1.3.5    Hyper-Converged Infrastructure
                    8.5.1.3.5.1    Historical Trend (2018-2023)
                    8.5.1.3.5.2    Forecast Trend (2024-2032)
                8.5.1.3.6    Others
        8.5.2    Consumer Storage
                8.5.2.1    Historical Trend (2018-2023)
                8.5.2.2    Forecast Trend (2024-2032)
                8.5.2.3    Breakup by Type
                    8.5.2.3.1    Optical Disk
                        8.5.2.3.1.1    Historical Trend (2018-2023)
                        8.5.2.3.1.2    Forecast Trend (2024-2032)
                    8.5.2.3.2    Memory Card
                        8.5.2.3.2.1    Historical Trend (2018-2023)
                        8.5.2.3.2.2    Forecast Trend (2024-2032)
                    8.5.2.3.3    USB Flash Drives
                        8.5.2.3.3.1    Historical Trend (2018-2023)
                        8.5.2.3.3.2    Forecast Trend (2024-2032)
                    8.5.2.3.4    Solid State Devices
                        8.5.2.3.4.1    Historical Trend (2018-2023)
                        8.5.2.3.4.2    Forecast Trend (2024-2032)
                    8.5.2.3.5    Hard Disk Drive (HDD)
                        8.5.2.3.5.1    Historical Trend (2018-2023)
                        8.5.2.3.5.2    Forecast Trend (2024-2032)
                    8.5.2.3.6    Others
        8.5.3    Others
    8.6    Global Data Storage Market by Storage System
        8.6.1    Direct-Attached Storage
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Network-Attached Storage
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Storage Area Network
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
    8.7    Global Data Storage Market by End Use
        8.7.1    Media and Entertainment
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Education
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    IT and Telecommunications
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Defence and Aerospace
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Banking, Financial Services and Insurance (BFSI)
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
        8.7.6    Cloud Service Providers
            8.7.6.1    Historical Trend (2018-2023)
            8.7.6.2    Forecast Trend (2024-2032)
        8.7.7    Others
    8.8    Global Data Storage Market by Region       
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032) 
9    North America Data Storage Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Data Storage Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Data Storage Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Data Storage Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Data Storage Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    IBM Corporation
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    NetApp, Inc.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Microsoft Corporation
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Pure Storage, Inc.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Dell Inc. 
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Samsung Electronics
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Data Storage Market: Key Industry Highlights, 2018 and 2032
2.    Global Data Storage Historical Market: Breakup by Storage Architecture (USD Billion) 2018-2023
3.    Global Data Storage Market Forecast: Breakup by Storage Architecture (USD Billion), 2024-2032
4.    Global Data Storage Historical Market: Breakup by Storage Type (USD Billion), 2018-2023
5.    Global Data Storage Market Forecast: Breakup by Storage Type (USD Billion), 2024-2032
6.    Global Data Storage Historical Market: Breakup by Storage Architecture (USD Billion), 2018-2023
7.    Global Data Storage Market Forecast: Breakup by Storage Architecture (USD Billion), 2024-2032
8.    Global Data Storage Historical Market: Breakup by End Use (USD Billion), 2018-2023
9.    Global Data Storage Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10.    Global Data Storage Historical Market: Breakup by Region (USD Billion), 2018-2023
11.    Global Data Storage Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.    North America Data Storage Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    North America Data Storage Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Europe Data Storage Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Europe Data Storage Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Asia Pacific Data Storage Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Asia Pacific Data Storage Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Latin America Data Storage Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Latin America Data Storage Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Middle East and Africa Data Storage Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Middle East and Africa Data Storage Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Global Data Storage Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 26% between 2024 and 2032.

The major drivers of the market include the growing digitalisation, subsequent applications in various end use industries and improvements in technologies.

The key trends of the market include the increasing research and development activities for the development of smart technologies and increasing volume of media data transfer.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The leading storage architectures in the market are file and object based storage and block storage.

The significant storage types in the market are enterprise storage and consumer storage. Enterprise storage can be further segmented into flash storage, cloud based storage, hard disk drive (HDD), software defined storage, and hyper-converged infrastructure, among others. Consumer storage type includes optical disks, memory cards, USB flash drives, solid state devices, and hard disk drives (HDD), among others. 

The various storage systems in the market include direct-attached storage, network-attached storage, and storage area network.

The major end uses in the market are media and entertainment, education, IT and telecommunications, defence and aerospace, banking, financial services and insurance (BFSI), and cloud service providers, among others.

The key players in the global data storage market are IBM Corporation, NetApp, Inc., Microsoft Corporation, Pure Storage, Inc., Dell Inc., and Samsung Electronics, among others.

Analyst Review

The global data storage market is being driven by rapid digitisation. Aided by technological advancements, the market is expected to witness a robust growth in the forecast period of 2024-2032, growing at a CAGR of 26%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By storage architecture, the market is bifurcated file and object-based storage, and block storage. Based on storage type, the market is divided into enterprise storage and consumer storage. Enterprise storage can be further divided into flash storage, cloud-based storage, hard disk drive (HDD), software defines storage, and hyper-converged infrastructure, among others. Consumer storage type includes optical disks, memory cards, USB flash drives, solid state devices, and hard disk drives, among others. On the basis of storage systems, the market is divided into direct-attached storage, network-attached storage, and storage area network. Based on end use, the industry is majorly divided into media and entertainment, education, IT and telecommunications, defence and aerospace, banking, financial services and insurance (BFSI), and cloud service providers, among others. The major regional markets for the product include North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa. The key players in the above market include IBM Corporation, NetApp, Inc., Microsoft Corporation, Pure Storage, Inc., Dell Inc., and Samsung Electronics, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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