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

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DUBLIN–()–The “Data Center Storage Market – Global Outlook and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.

Data center storage includes all the infrastructure, i.e. the tools, processes, and technologies that enable the design, management, and monitoring of data stored in a data center. Data storage can be categorized in three ways: block-level, file-level, or object-level. The storage market includes several products such as hard drives, storage area networks, 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 including Seagate Technology, Western Digital and Toshiba. In the coming years, the demand for SSDs will also see an increase, especially from data center operators and telecom companies deploying state-of-the-art data centers and advanced technologies such as cloud, AI , IoT and big data.

Global demand for cloud and colocation services has exploded, especially since the COVID-19 outbreak. North America has the highest data center storage market followed by other regions such as APAC and Europe. Expansions are also dominating the market by global and local cloud service providers. Further, demand is driven by consumer support for the growing consumption of online content and digitization initiatives in various sectors. Most governments around the world want to develop their country’s digital economy. They are allocating higher budgets for IT expenditure which will drive the global data center storage market.

Key trends

  • Worldwide, cloud, IT and telecommunications are expected to see the fastest growth in the industry. Enterprise cloud adoption, data center development for 5G deployments, and the pay-as-you-go model for cloud storage are some of the drivers of this increase.

  • BFSI is another industry that will see significant growth in storage infrastructure adoption. In 2021, more than 1.5 million users joined Brubank, a fully digital bank authorized to carry out operations by the Central Bank of Argentina. Similarly, WeBank, with Tencent as the main investor, caters to around 200 million people.

  • The adoption of technologies such as big data and IoT by local businesses through digitization initiatives has led to a significant increase in the purchase of all-flash and hybrid array systems.

  • Rising innovations in storage media that are 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 returning to the industry. storage.

  • The adoption of software-defined storage is expected to be increasingly used in data center storage over the next few years, primarily because more than 80% of the data generated is unstructured, making it more difficult to store in a traditional storage system. Software-defined storage for use cases is currently weak in the market; with more cases in countries such as Western Europe, the United States and China, adoption will increase alongside hyperconverged platforms/rack-level architecture.

Answers to key questions

1. What is the size of the global data center storage market?

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

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

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

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 and trends

  • 5G adoption and edge

  • Adoption of Nvme storage

  • Growing Popularity of Software Defined Storage

  • Relevance of tape storage

  • Innovations in Storage Media

Growth catalysts

  • Impact of Covid-19

  • Growing Large Scale Data Center Developments

  • Impact of IoT and Big Data

  • Increased adoption of Ai & Ml workloads

  • Cloud adoption

Constraints

  • Supply chain shortages

  • Cybersecurity issues in storage

Market segmentation

Segmentation by storage architecture

Segmentation by system

  • Traditional storage

  • Flash Storage

  • Hybrid storage

Segmentation by industry

  • BFSI sector

  • Government sector

  • Cloud computing/computing sector

  • Other industrial sectors

Segmentation by geography

North America

  • WE

  • Canada

  • Latin America

  • Brazil

  • Other Latin American Countries

Western Europe

  • UK

  • Germany

  • France

  • Netherlands

  • Ireland

  • Other Western European countries

Nordic

  • Sweden

  • Other Nordic countries

Central and Eastern Europe

  • Russia

  • Other Central and Eastern European countries

Middle East and Africa

  • United Arab Emirates

  • Saudi Arabia

  • Other countries in the Middle East

Africa

  • South Africa

  • Other African countries

APAC

  • China and Hong Kong

  • Australia and New Zealand

  • Japan

  • India

  • Rest of APAC

South East Asia

  • Singapore

  • Other Southeast Asian countries

Main suppliers

  • Advanced Computer and Network Society

  • Bufallo

  • DataDirect Networks

  • Dell Technologies

  • FADU

  • Fujitsu

  • Hewlett Packard Enterprise

  • Hitachi Vantara

  • Huawei technology

  • IBM

  • Intel

  • Infortrend

  • Infuse

  • Kingston Technology

  • KIOXIA

  • Lenovo

  • Micron Technology

  • NEC

  • NetApp

  • Oracle

  • Pure storage

  • Samsung Electronics

  • Seagate Technology

  • Solidigma

  • Toshiba

  • Viking Technology

  • VIOLIN

  • western digital

  • Wistron (WIWYNN)

  • ZOTAC

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

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