Enterprise Storage System Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Storage Type (Direct Attached Storage (DAS), Storage Area Network (SAN), Network Attached Storage (NAS), Mixed/Hybrid Storage Environment), By Industry (Healthcare, Retail, Automobile, BFSI, Government, IT & Telecom, Manufacturing, Others), By Region, Competition

The global enterprise storage system market is expected to experience significant growth in the forecast period, driven by the rising adoption of hyper-converged storage solutions by enterprises to meet their expanding business requirements. Vendors worldwide are making noteworthy product innovations by integrating cloud technologies to effectively address customer demands and market trends. The adoption of scalable enterprise storage systems is significantly increasing among enterprises dealing with high data volume and critical information. Factors such as the growing need for large-scale data collection, advancements in enterprise storage systems and equipment, and the rising popularity of camera-equipped smartphones and tablets for business use, are driving the global enterprise storage system market. Enterprise storage systems enable organizations across various industries to control, monitor, and maintain assets, machines, and systems. Moreover, enterprises are increasingly seeking reliable and secure solutions to ensure high business continuity and efficient data management. The expanding digital information and data volume, coupled with investments in data centers by enterprises in North America, Europe, and Asia-Pacific, are expected to drive the growth of global enterprise storage system market during the forecast period. Enterprise storage is a central repository for company data that offers standard data management, security, and sharing features through linkages to computer systems. Enterprise storage systems must possess scalability to handle workloads ranging from hundreds of terabytes to petabytes, without relying on unnecessary cabling or subsystem development. This is imperative as businesses manage vast amounts of mission-critical information. Moreover, the enterprise storage infrastructure should accommodate a substantial user base and numerous applications without perceptible performance degradation. Unlimited connectivity and compatibility with multiple platforms are also vital attributes of an effective corporate storage solution. These systems are purpose-built to handle heavy workloads of business-critical data. As more businesses rely on enterprise storage solutions to store various types of data, such as text files, images, videos, and databases, their significance is expected to grow. Enterprise storage is commonly used to manage important business data, including client information, financial records, and product blueprints. The scalability of enterprise storage solutions ensures that data demands can be met as a company expands. Robust security measures are also provided to safeguard data from loss or unauthorized access. Consequently, enterprise storage offers numerous advantages that can greatly benefit businesses of all sizes, including data sharing, disaster recovery, high availability, restoration capabilities, reliable and efficient backups, remote support, and centralized management.

The Increasing Number of Cloud-Based Solutions to Propel Growth of Market

With the escalating advantages of cloud service integration, enterprises are swiftly embracing cloud-based solutions within their infrastructure. Technology aids in delivering an efficient cloud connection to the network. Cloud-based asset management solutions offer numerous benefits for businesses of all sizes and across industries. Enterprise Storage Systems like Amazon Elastic Block Store (Amazon EBS), Amazon Simple Storage Service (Amazon S3), SUSE Enterprise Storage (SES), and Dell EMC Unity XT empower businesses to choose from a range of object, block, and file storage services, as well as cloud data migration options when selecting their solution. Moreover, as the number of cloud-based solutions continues to rise, the requirements are evolving with the widespread adoption of internet-connected cloud services. According to Eurostat, 41% of EU enterprises utilized cloud computing in 2021, primarily for email and file storage. The use of cloud computing in the EU notably increased in the retail trade sector in 2021 compared to 2020. As the popularity of internet-connected cloud services grows, the demand for effective cloud-based storage system solutions is increasing, particularly for controlling and monitoring industrial equipment. In practice, companies are increasingly reliant on the cloud to properly manage the lifecycle of businesses that require management of large and complex portfolios by supporting their cloud-based applications. Many businesses are leveraging integrated information management systems or hybrid forms of cloud computing and storage. The hybrid architecture offers improved flexibility and security at a lower cost by combining the benefits of both public and private cloud infrastructure. This approach bridges the gap between highly secure private clouds and public clouds with minimal security. As the number of internet users continues to rise, the demand for cloud-based services follows suit. Enterprise storage systems have expanded options due to the utilization of cloud-based services, leading to the implementation of a hybrid cloud strategy to provide additional capacity, resilience, and scalability. Therefore, the increasing number of cloud-based solutions contributes to the growth of the global enterprise storage system market in the forecast period.

The Increasing Investments in Data Centers Driving Growth in Enterprise Storage System

The demand for data centers is increasing due to the rising adoption of cloud services and the generation of substantial volume and variety of data across enterprises. Major enterprises like Amazon, Google Cloud, Apple, and Alphabet Inc. are making significant investments in constructing their own data centers. On January 20, 2023, Amazon plans to invest an additional USD35 billion in Virginia data centers as part of the cloud race by 2040. These investments at multiple locations are expected to create approximately 1,000 jobs in Virginia, United States. These businesses rely on enterprise storage solutions to serve their customers and often seek assistance from enterprise storage system suppliers and data center building services for design, engineering, and mechanical services. The increasing corporate investments in constructing data centers are expected to have a positive impact on the global market for enterprise storage systems. Consequently, there will be a rise in demand for servers and other storage devices as businesses invest more in data center construction. For example, on April 21, 2023, Microsoft Corporation received approval to build a new data center in the Hollands Kroon region of the Netherlands after a lengthy permitting process. Additionally, companies like Amazon Data Services have proposed replacing nine office buildings across three locations in Sterling with four data centers, totaling more than 900,000 square feet. These developments are expected to drive the growth of the global enterprise storage systems market throughout the forecast period.

Increasing Use of Hyper Converged Storage in Enterprise Data Storage

The primary focus of the hyper-converged storage platform lies in optimizing primary storage. By eliminating data duplicates and employing a dispersed storage approach, this technology presents a viable solution. Today, organizations demand storage performance that is faster and more reliable than ever before. Accommodating the growing demands in processing, networking, and storage necessitates a hyper-converged architecture that integrates data center services. Furthermore, enterprises are adopting hyper-converged storage to enhance performance efficiency while reducing operational costs. The importance of virtual machines for storing data and running programs, such as operating systems, continues to grow. Modern hyper-converged platforms are being introduced to facilitate the deployment of applications. For example, on December 23, 2023, TrueNAS unveiled the TrueNAS R30 Platform, which offers a wide range of new capabilities that will progress through the standard software lifecycle. This storage software builds upon the existing flexibility, interoperability, and storage efficiency to advance the goal of true data freedom. Additionally, the introduction of hyper-converged infrastructure (HCI) has enabled enterprises to deploy virtual machines and efficiently manage their data storage. Moreover, the adoption of hyper-converged solutions has not only popularized cloud deployment but has also allowed enterprises to reduce operating costs and simplify management compared to relying solely on public cloud providers. Consequently, the increasing utilization of hyper-converged storage in enterprise data storage is contributing to the growth of the global enterprise storage system market in the forecast period.

Market Segmentation

Based on storage type, the market is segmented into (Direct Attached Storage (DAS), Storage Area Network (SAN), Network Attached Storage (NAS), Mixed/Hybrid Storage Environment. Based on industry, the market is segmented into Healthcare, Retail, Automobile, BFSI, Government, IT & Telecom, Manufacturing, and Others.

Company Profiles

Oracle Corporation, Inspur Group Co. Ltd., Huawei Technologies Co. Ltd., NetApp, Inc., Hitachi Data Systems, Fujitsu Ltd., Hewlett Packard Enterprises, Dell Inc. (EMC Corporation), Lenovo Corporation, IBM Corporation are among the major players that are driving the growth of the global enterprise storage system market.

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Report Scope:

In this report, the global enterprise storage system market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Enterprise Storage System Market, By Storage Type:

o   Direct Attached Storage (DAS)

o   Storage Area Network (SAN)

o   Network Attached Storage (NAS)

o   Mixed/Hybrid Storage Environment

·         Enterprise Storage System Market, By Industry:

o   Healthcare

o   Retail

o   Automobile

o   BFSI

o   Government

o   IT & Telecom

o   Manufacturing

o   Others

·         Enterprise Storage System Market, By Region:

o   Asia-Pacific

§  China

§  Japan

§  India

§  Australia

§  South Korea

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  United Kingdom

§  Germany

§  France

§  Spain

§  Italy

o   Middle East & Africa

§  Israel

§  Qatar

§  Saudi Arabia

§  UAE

o   South America

§  Brazil

§  Argentina

§  Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global enterprise storage system market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

·         Detailed analysis and profiling of additional market players (up to five).

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