Canada Data Center Storage Market Size (2024 - 2029)

The Canada Data Center Storage Market is projected to experience significant growth over the forecast period, driven by the increasing demand for cloud computing, government regulations for local data security, and rising investments by domestic players. This growth is indicative of the expanding IT landscape and technological initiatives within the country, which are fostering the development of data centers. Key factors such as digital transformation, e-commerce, renewable energy, and smart city initiatives are contributing to the market's expansion, reflecting a robust increase in the market size.

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Market Size of Canada Data Center Storage Industry

Canada Data Center Storage Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 0.92 Billion
Market Size (2029) USD 1.54 Billion
CAGR (2024 - 2029) 10.93 %
Market Concentration Medium

Major Players

Canada Data Center Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order

Canada Data Center Storage Market Analysis

The Canada Data Center Storage Market size is estimated at USD 0.92 billion in 2024, and is expected to reach USD 1.54 billion by 2029, growing at a CAGR of 10.93% during the forecast period (2024-2029).

The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data center storage in the country.

  • Under Construction IT Load Capacity: The upcoming IT load capacity of the Canadian data center rack market is expected to reach 1,150 MW by 2029.
  • Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 5.1 million sq. ft by 2029.
  • Planned Racks: The country's total number of racks to be installed is expected to reach 289,000 units by 2029. Quebec is expected to house the maximum number of racks by 2029.
  • Planned Submarine Cables: There are close to 16 submarine cable systems connecting Canada, and many are under construction. One such submarine cable that is estimated to start service in 2025 is Sednalink Fibre, which stretches over 2,104 km with landing points from Goose Bay, NL, Canada, and Iqaluit, NU, Canada.
  • An increasing need for data storage has resulted in an upsurge in the number of data centers nationwide. Several factors contribute to the demand for data centers and their growth within Canada, which is reflected by the country's evolving IT landscape, business activities, and technological initiatives. Key drivers that propel the development of data centers in the nation include digital transformation, cloud computing adoption, e-commerce and digital services, renewable energy and sustainability, and smart cities and IoT initiatives. Hence, such factors are expected to drive market growth during the forecast period.

Canada Data Center Storage Industry Segmentation

Data center storage refers to the devices, hardware, networking equipment, and software technologies that enable the storage of data and applications within data center facilities. It is used to store, manage, retrieve, distribute, and back up digital information within data center facilities.

The Canadian data center storage market is segmented by storage technology (network attached storage [NAS], storage area network [SAN], direct attached storage [DAS]), storage type (traditional storage, all-flash storage, hybrid storage), end user (IT and telecommunication, BFSI, government, media and entertainment, and other end users). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Storage Technology
Network Attached Storage (NAS)
Storage Area Network (SAN)
Direct Attached Storage (DAS)
Other Technologies
By Storage Type
Traditional Storage
All-Flash Storage
Hybrid Storage
By End User
IT and Telecommunication
BFSI
Government
Media and Entertainment
Other End Users
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Canada Data Center Storage Market Size Summary

The Canadian data center storage market is poised for significant growth, driven by the increasing demand for cloud computing, stringent government regulations on data security, and substantial investments from domestic players. The market is experiencing a surge in data center construction, fueled by the country's digital transformation initiatives, the adoption of cloud computing, and the expansion of e-commerce and digital services. The rise of smart cities, IoT initiatives, and renewable energy projects further contribute to the burgeoning demand for data storage solutions. The COVID-19 pandemic has accelerated the shift towards digital transformation, with public cloud adoption becoming mainstream, thereby enhancing the need for robust data center storage infrastructure. The hybrid cloud structure, combining public and private cloud services, is gaining traction, particularly in the telecommunications sector, to manage increased data traffic and consumption.

The market landscape is moderately consolidated, with key players like Dell Inc., Hewlett Packard Enterprise, Hitachi Vantara LLC, Kingston Technology Company Inc., and Infinidat Ltd. leading the charge in enhancing data center storage solutions. These companies are focusing on expanding their regional customer base and integrating advanced technologies such as artificial intelligence and analytics to meet diverse data processing needs. The emergence of 5G services and faster network technologies is expected to further drive data consumption, necessitating the expansion of data centers and storage solutions. Recent developments, such as Infinidat's launch of new hybrid cloud storage deployments and Hitachi Vantara's collaboration with Microsoft, highlight the ongoing innovation and strategic partnerships shaping the market. As Canada continues to embrace smart city initiatives and digital advancements, the demand for data center storage solutions is expected to rise, offering lucrative opportunities for market players.

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Canada Data Center Storage Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Demand of Clolud Computing Capabilities Drives the Market Growth

      2. 1.2.2 Adoption of Green Practices in Data Centers Drives Market Growth

    3. 1.3 Market Restraints

      1. 1.3.1 High Initial Investments

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Assessment of COVID-19 Impact

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Storage Technology

      1. 2.1.1 Network Attached Storage (NAS)

      2. 2.1.2 Storage Area Network (SAN)

      3. 2.1.3 Direct Attached Storage (DAS)

      4. 2.1.4 Other Technologies

    2. 2.2 By Storage Type

      1. 2.2.1 Traditional Storage

      2. 2.2.2 All-Flash Storage

      3. 2.2.3 Hybrid Storage

    3. 2.3 By End User

      1. 2.3.1 IT and Telecommunication

      2. 2.3.2 BFSI

      3. 2.3.3 Government

      4. 2.3.4 Media and Entertainment

      5. 2.3.5 Other End Users

Canada Data Center Storage Market Size FAQs

The Canada Data Center Storage Market size is expected to reach USD 0.92 billion in 2024 and grow at a CAGR of 10.93% to reach USD 1.54 billion by 2029.

In 2024, the Canada Data Center Storage Market size is expected to reach USD 0.92 billion.

Canada Data Center Storage Market Report Snapshots

Canada Data Center Storage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)