Latest News- Data Center Storage Market: SAN system is expected to lead the Deployment segment during 2025-2029

The Data Center Storage Market is being driven by Increasing volume, velocity, veracity, and variety (4Vs) of data

The Data Center Storage Market is expected to grow at a CAGR of 20.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 157 billion. The proliferation of IoT-connected devices has led to a significant surge in data generation across various industries, including automotive, healthcare, and smart cities. This data influx has resulted in increased network traffic to data centers, necessitating the need for advanced storage solutions and big data analytics. Enterprises must invest in these technologies to effectively manage and analyze the data, deriving valuable business insights and enhancing operational efficiency. The growing importance of data-driven decision making and the potential for monetizing data further underscores the significance of robust data storage and analytics infrastructure. 

Get more information on Data Center Storage Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • SAN system
  • NAS system
  • DAS system
• Component
  • Hardware
  • Software
• End-user
  • IT and telecommunications
  • BFSI
  • Healthcare
  • Retail
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • Italy
  • APAC
    • China
    • India
    • Thailand
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing volume, velocity, veracity, and variety (4Vs) of data
• Growing demand for Non-Volatile Memory Express-enabled storage solutions
• Growing deployment of edge computing

However, the market also witnesses some limitations, which are as follows:

• Increasing data center consolidation
• Growing shift of data centers from on-premises to cloud model
• High initial costs

Benefits of Buying Global Data Center Storage Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Data Center Storage Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Data Center Storage Market is witnessing significant growth due to the increasing demand for data center optimization, consolidation, and migration. Advanced technologies like data analytics, big data, AI, and machine learning are driving the need for effective data governance and data lifecycle management. Edge computing, hybrid cloud, and serverless computing are also transforming the storage landscape. Storage automation, cloud native, and data center virtualization are essential for enhancing efficiency and reducing costs. Edge storage, security, data loss prevention, data privacy, data sovereignty, reliability, availability, performance monitoring, capacity monitoring, and storage troubleshooting are critical aspects of the market. (51 words)

Market Research Overview

The Data Center Storage Market is a significant segment of the broader Global Internet Services and Infrastructure Market. This market encompasses providers of various storage solutions such as cloud storage, object storage, block storage, file storage, and software-defined storage (SDS). The Internet Services and Infrastructure Market, in turn, falls under the larger IT Services Market. It comprises companies offering services and infrastructure for the Internet industry, including data centers, cloud networking and storage infrastructure, hosting services, IT security services, and cloud computing services. The market size is determined by the consolidated revenue of these entities.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/