The enterprise storage global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Enterprise Storage Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The enterprise storage market size has grown strongly in recent years. It will grow from $135.10 billion in 2023 to $146.36 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to increased focus on hybrid clouds, the need to manage and store large volumes of data, the rapid growth of the internet of things (IoT), the rise of big data analytics, and the need for data protection.
The enterprise storage market size is expected to see strong growth in the next few years. It will grow to $202.59 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to increasing demand for storage solutions in enterprises, growing adoption of cloud-based storage solutions, adoption of cloud computing, increasing demand for data storage, and rising demand for enterprises. Major trends in the forecast period include technological advancements, the emergence of artificial intelligence and machine learning, flash storage expansion, the adoption of software-defined storage, and hybrid cloud storage adoption.
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Scope Of Enterprise Storage Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Enterprise Storage Market Overview
Market Trends –
Major companies operating in the enterprise storage market are focused on developing automation and orchestration capability solutions such as software-defined storage platforms, to remove hardware dependencies and provide core features for secure enterprise storage. Software-defined storage platforms are a next-generation storage model designed for complex workflows, offering multi-tenancy, ease of management, security, and efficiency. For instance, in November 2023, DataDirect Networks, a US-based provider of data storage and data management solutions, launched DDN Infinia for Enterprise AI and Cloud. DDN Infinia is a faster and more cost-effective alternative to cloud storage, allowing it to construct a secure storage cluster in minutes, execute upgrades, and extend capacity without downtime. It offers scalable metadata management with scalable storage for data governance and control while working to reduce the complexity and duplication of data and metadata. It supports S3 object storage, Docker containers, and Openstack virtual machines, allowing it to manage all distributed data with minimal effort and cost.
The enterprise storage market covered in this report is segmented –
1) By Type: Storage Area Networks Systems (SANs), Network-Attached Storage Systems, Direct-Attached Storage (DAS) Systems, Object Storage Systems, Tape Storage Systems
2) By Deployment: On-Premise, Hybrid, Cloud-Based
3) By Application: Large Enterprises, Small And Medium Enterprises (SMEs)
4) By End-User Industry: Information Technology (IT) And Telecommunications (Telecom), Banking, Financial Services, And Insurance (BFSI), Healthcare, Manufacturing, Government, Other End-User Industries
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Regional Insights –
North America was the largest region in the enterprise storage market in 2023. The regions covered in the enterprise storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the enterprise storage market are Samsung Electronics Co. Ltd., Dell Inc., Huawei Technologies Co. Ltd., Lenovo Group Ltd., Intel Corporation, HP Inc., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Broadcom Inc., Fujitsu Limited, Micron Technology Inc., Toshiba Corporation, NEC Corporation, NetApp Inc., Hitachi Vantara LLC, Pure Storage Inc., Nutanix Inc., Imation Corporation, DataDirect Networks, Tintri Inc., Overland Tandberg, Nimbus Data, Nfina Technologies Inc. , DATROX Computer Technologies Inc.
Table of Contents
1. Executive Summary
2. Enterprise Storage Market Report Structure
3. Enterprise Storage Market Trends And Strategies
4. Enterprise Storage Market – Macro Economic Scenario
5. Enterprise Storage Market Size And Growth
…..
27. Enterprise Storage Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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