The global data storage market was valued at USD 217.02 billion in 2022 and is projected to grow from USD 247.32 billion in 2023 to USD 777.98 billion by 2030, exhibiting a CAGR of 17.8% during the forecast period.
Data storage solutions allow users and businesses to transmit, retrieve, and manipulate a firm’s operational data flexibly and effectively. The increasing focus of companies on data security, speed, reliability, portability, and better programmability is enhancing the market. Thus, with the growing adoption of technologies, several key players are advancing their storage systems with new advancements and collaborations.
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Data Storage Market Size Segments
By Storage Medium
- Direct storage
- Storage Area Network
- Network storage
- Cloud Storage
- Software Defined Storage
By Industry
- IT & Telecom
- BFSI
- Healthcare
- Retail
- Media and Entertainment
- Education
- Others (Logistics)
By Region
- North America (By Component, By Application, and By Country)
- South America (By Component, By Application, and By Country)
- Europe (By Component, By Application, and By Country)
- Middle East and Africa (By Component, By Application, and By Country)
- Asia Pacific (By Component, By Application, and By Country)
This report requires reading for all market participants, investors, researchers, consultants, business strategists, and anyone interested in the industry or who plans to enter the market in any way.
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Key Top Players
To address the problems faced by businesses, the key players are eager to create storage solutions based on cutting-edge high-tech, including cloud computing and artificial intelligence (AI). One of the primary business strategies of enterprises is the development of new products and the improvement of existing products. In a similar vein, market players strategically cooperate and purchase companies across the globe for global development.
List of Key Companies Profiled:
- IBM Corporation (U.S.)
- Microsoft Azure (U.S.)
- Hewlett Packard Enterprise (HPE) (U.S.)
- Equinix (U.S.)
- Dell Technologies (U.S.)
- Amazon Web Services (AWS) (U.S.)
The following is found in the market report’s table of contents:
- Executive Summary
2. Market Parameters
3. Trends And Strategies For The Data Storage Market Size - Macroeconomic and Market Scenario
5. Market Size And Development
…
27. Market Competitor Landscape And Company Profiles
28. Significant Mergers And Acquisitions In The Market
- Analysis of the market’s potential and future outlook
- Appendix
Analysts have segmented the “Data Storage Market Size” into application, type, and regional segments to aid market participants in better understanding the market. Each segment clearly illustrates the factors that are likely to affect it as well as the factors that are expected to limit it. The segmented explanation allows the reader to access specific updates regarding the global Market. Additionally, in the market research report on Data Storage Market Size Trends, there are changing environmental concerns, shifting political environments, and various government approaches to regulatory reforms.
Key Questions Answered in the Report:
- What chances are there for new players to grow in the Data Storage market?
- Which businesses are the main rivals in the global Data Storage market?
- What strategies will rivals most likely employ to increase their market share in the global Data Storage market?
- How fierce is the competition in the global Data Storage market?
- What are the latest trends that might have an impact on the growth of the global Data Storage market?
- Which product type market segment will experience a high CAGR in the future?
- Which application segment will gain a sizable market share in the Data Storage market?
- What industry provides the most significant profit to manufacturers?
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