Data Center Storage Market 2024-2028: Size and Increasing data center consolidation; growth driven by the Deployment, Some of key Companies Positioned Strategically

The data center storage market size by Deployment (SAN system, NAS system, and DAS system) and Geography (North America, Europe, APAC, South America, and Middle East and Africa), is forecast to increase by USD 117.3 billion. The market is expected to grow at a CAGR of  almost 18.56% between 2024 and 2028.

• The global data center storage market is experiencing a trend towards consolidation, which poses a challenge to its growth. Data center service providers are adopting innovative technologies and strategies to minimize their physical infrastructure and optimize IT architecture. This consolidation can manifest as the merging of multiple data centers or the enhancement of a single large data center's efficiency with fewer resources. The primary drivers of this shift are cost savings, enhanced security, and improved control. Cost savings are a significant incentive for data center consolidation. By merging data centers, hardware expenses are reduced, and operational and maintenance costs are minimized. Additionally, the consolidation of data centers enables better resource utilization and economies of scale, further contributing to cost savings. In conclusion, the data center storage market faces a hindrance due to the consolidation trend. However, this consolidation brings about substantial benefits, including cost savings, heightened security, and streamlined control, making it a strategic move for data center service providers.
• The Data Center Storage Market is experiencing significant growth due to the increasing demand for digital transformation and cloud services. Businesses are investing heavily in advanced storage solutions to manage and protect their data more effectively. Technologies like Artificial Intelligence and Machine Learning are being integrated into storage systems to enhance data management capabilities. The market is expected to reach new heights in the coming years, driven by the need for efficient, scalable, and secure data storage solutions.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• DataDirect Networks Inc.
• Dell Technologies Inc.
• Equinix Inc.
• Fujitsu Ltd.
• Hewlett Packard Enterprise Co.
• Hitachi Vantara LLC
• Huawei Technologies Co. Ltd.
• Inspur Group.
• International Business Machines Corp.
• Lenovo Group Ltd.
• NEC Corp.
• NetApp Inc.
• Netgear Inc.
• Nimbus Data Inc.
• Oracle Corp.
• OVERLAND STORAGE, INC.
• Pure Storage Inc.
• Quanta Computer Inc.

Contacts

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/