Data Center Storage Market – Actionable Research on COVID-19 | Increasing Deployment of Edge Computing to Boost the Market Growth

The global data center storage market size is poised to grow by USD 126.3 billion during 2020-2024, progressing at a CAGR of almost 27% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Data Center Storage Market 2020-2024 (Graphic: Business Wire)

Data generation has increased significantly in end-user industries such as telecommunication, manufacturing, and energy over the past few years. This has led to the demand for more technologically advanced edge platforms. To capitalize on this demand, vendors are working on developing new edge computing platforms to help their clients improve data management capabilities at the edge of the network – leading to an increase in the investments in the deployment of edge computing. The increasing deployment of edge computing will increase the need for edge data centers and is expected to drive the global data center storage market growth during the forecast period.

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Report Highlights:

  • The major data center storage market growth came from SAN system segment. A SAN system has high-performance capacity, because of which it is highly preferred for high-speed traffic such as high transaction databases and e-commerce websites. SAN is primarily deployed by enterprises such as Facebook and Google that deal with high-volume and resource-intensive data, where the data needs to be processed simultaneously.

  • North America was the largest data center storage market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing number of data centers and the growing demand for IoT devices will significantly influence data center storage market growth in this region.

  • The global data center storage market is concentrated. Dell Technologies Inc., Equinix Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Huawei Investment & Holding Co. Ltd., International Business Machines Corp., Lenovo Group Ltd., NetApp Inc., Oracle Corp., and Pure Storage Inc. are some of the major market participants. To help clients improve their market position, this data center storage market forecast report provides a detailed analysis of the market leaders.

  • As the business impact of COVID-19 spreads, the global data center storage market 2020-2024 is expected to have Positive and Superior. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

Read the full report here: https://www.technavio.com/report/report/data-center-storage-market-size-industry-analysis

Increasing Preference for Hyper-converged Infrastructure in Data Centers will be a Key Market Trend

The increasing preference for hyper-converged infrastructure (HCI) in data centers is one of the primary data center storage market trends. HCI runs 1U or 2U server nodes and helps in the reduction of power and maintenance costs for data center operators. Its converged architecture also helps in reducing the data center footprint and crease more technical and core IT space. This enables the installation of more racks, which subsequently lead to an increase in the demand for data storage solutions. HCI systems are also capable of handling various workloads, including virtual desktop infrastructure (VDI), databases such as Oracle and SQL, and collaboration software such as Microsoft Exchange, Microsoft SharePoint, and other enterprise applications. HCI systems are increasingly adopted among organizations owing to the above-mentioned advantages. This will lead to an increase in the demand for storage solutions.

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Data Center Storage Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist data center storage market growth during the next five years

  • Estimation of the data center storage market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the data center storage market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of data center storage market vendors

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Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

Five Forces Analysis

Market Segmentation by Deployment

  • Market segments

  • Comparison by Deployment placement

  • SAN system – Market size and forecast 2019-2024

  • NAS system – Market size and forecast 2019-2024

  • DAS system – Market size and forecast 2019-2024

  • Market opportunity by Deployment

Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • North America – Market size and forecast 2019-2024

  • Europe – Market size and forecast 2019-2024

  • APAC – Market size and forecast 2019-2024

  • South America – Market size and forecast 2019-2024

  • MEA – Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers

  • Volume driver – Demand led growth

  • Volume driver – Supply led growth

  • Volume driver – External factors

  • Volume driver – Demand shift in adjacent markets

  • Price driver – Inflation

  • Price driver – Shift from lower to higher priced units

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Dell Technologies Inc.

  • Equinix Inc.

  • Fujitsu Ltd.

  • Hewlett Packard Enterprise Co.

  • Huawei Investment & Holding Co. Ltd.

  • International Business Machines Corp.

  • Lenovo Group Ltd.

  • NetApp Inc.

  • Oracle Corp.

  • Pure Storage Inc.

Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201005005499/en/

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