How big is the Data Storage Market?

The Data Storage Market size is expected to reach USD 219.88 billion in 2024 and grow at a CAGR of 14.05% to reach USD 424.32 billion by 2029. Read More

What is the current Data Storage Market size?

In 2024, the Data Storage Market size is expected to reach USD 219.88 billion. Read More

Who are the key players in Data Storage Market?

IBM Corporation, NetApp, Inc., Equinix, Inc., Amazon Web Services, Inc. and Dell Technologies, Inc. are the major companies operating in the Data Storage Market. Read More

Which is the fastest growing region in Data Storage Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Data Storage Market?

In 2024, the North America accounts for the largest market share in Data Storage Market. Read More

What years does this Data Storage Market cover, and what was the market size in 2023?

In 2023, the Data Storage Market size was estimated at USD 188.99 billion. The report covers the Data Storage Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Data Storage Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Data Storage Market Size & Share Analysis - Industry Research Report

Data Storage Market Size and Share Analysis - Growth Trends and Forecasts (2024 - 2029)

The Data Storage Market Report is Segmented by Type of Product (Direct Attached Storage, Network Attached Storage, Software Defined Storage, Unified Storage, Storage Area Network, Cloud Storage, and Others), by End-Users (IT & Telecommunication, BFSI, Government, Manufacturing, Media & Entertainment, Retail & Consumer Goods, and Others), and by Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for the Above-Mentioned Segments.

Data Storage Industry Overview

The data storage market is fragmented and consists of various players. The market players adopt various strategies such as strategic mergers and acquisitions, product innovation, market expansion, and, among others, to stay ahead of the competition. Some key players include IBM Corporation, NetApp, Inc., Equinix, Inc., Dell Technologies, Inc., Amazon Web Services, Inc., and others. Some of the recent developments in the market include:

June 2024 - Seagate Technology Holdings plc has revealed its partnership focused on sustainability with the e-commerce platform eBay. This agreement facilitates the establishment of Seagate's official storefront on eBay, providing consumers with a direct avenue to purchase factory-recertified hard drives under the Seagate Circularity Program. This collaboration with eBay will enhance the storage capacity available through high-quality, recertified hard drives.
June 2024 - HP Enterprise has revealed the enhancement of its hybrid cloud services by introducing HPE virtualization capabilities for HPE Private Cloud. This innovative solution utilizes open-source technology in conjunction with HPE's proprietary software to provide high-performance virtualization tailored for intensive workloads, all overseen via an accessible cloud-based control interface.