Philippines Data Center Storage Market Market Size (2024 - 2029)

The Philippines Data Center Storage Market is experiencing significant growth, driven by the increasing demand for cloud computing among small and medium enterprises, stringent government regulations for local data security, and rising investments from domestic players. This growth is reflected in the expanding market size, which is poised to increase substantially over the forecast period. The development of IT load capacity, raised floor space, and the installation of racks are key components of this expansion, with Metro Manila expected to be a central hub. Additionally, the construction of submarine cable systems is set to enhance connectivity, further supporting the market's growth trajectory.

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Market Size of Philippines Data Center Storage Industry

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Philippines Data Center Storage Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2023
Market Size (2024) USD 0.62 Billion
Market Size (2030) USD 1.11 Billion
CAGR (2024 - 2030) 10.31 %
Market Concentration Medium

Major Players

Philippines Data Center Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Philippines Data Center Storage Market Analysis

The Philippines Data Center Storage Market size is estimated at USD 0.62 billion in 2024, and is expected to reach USD 1.11 billion by 2030, growing at a CAGR of 10.31% during the forecast period (2024-2030).

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 centers in the country, leading to a growing need for data center storage equipment.

Under Construction IT Load Capacity: The upcoming IT load capacity of the Phillippines data center market is expected to reach 730 MW by 2029.

Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 2620 million sq. ft by 2029.

Planned Racks: The country's total number of racks to be installed is expected to reach 130K units by 2029. NCR (Metro Manila) is expected to house the maximum number of racks by 2029.

Planned Submarine Cables: There are close to 20 submarine cable systems connecting the Phillippines, and many are under construction. One such submarine cable that is estimated to start service in 2024 is SEA-H2X, which stretches over 5,000 Kilometers with landing points from La Union, Philippines.

Philippines 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, back-up digital information within data center facilities.

The Philippines Data Center Storage Market is segmented by storage technology (network attached storage (NAS), storage area network (SAN), direct attached storage (DAS)), by storage type (traditional storage, all-flash storage, hybrid storage), by end user (IT & telecommunication, BFSI, government, media & entertainment and other end-user). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

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

The Philippines data center storage market is experiencing significant growth, driven by the increasing demand for cloud computing, government regulations on data security, and substantial investments from local players. The market is poised for expansion as emerging cloud technologies and data-intensive applications necessitate the scaling of storage infrastructure. This growth is further fueled by the rise in smartphone usage, the adoption of 5G networks, and the surge in e-commerce and digital services, which collectively increase data consumption and the need for robust data center storage solutions. The development of new telecom policies and infrastructure, such as the Common Tower Policy, is expected to enhance mobile network quality, thereby supporting the burgeoning demand for data centers and associated storage equipment.

The market is also witnessing a shift towards hybrid storage solutions, combining on-premises and cloud storage to offer flexibility and scalability. This trend is driven by the growing need for agile and cost-effective computing solutions across various industries. Companies are increasingly adopting hybrid infrastructure to manage the rising data traffic and storage requirements effectively. Major players in the market, including Dell Inc., Huawei Technologies Co. Ltd., and Lenovo Group Limited, are leveraging strategic partnerships and innovative storage solutions to enhance their market presence and meet the evolving demands. The introduction of advanced storage systems and cloud services further underscores the market's trajectory towards increased adoption of hybrid storage solutions, catering to the needs of large enterprises and data-intensive applications.

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Philippines Data Center Storage Market Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Expansion of IT Infrastructure to Increase Market Growth

      2. 1.2.2 Increased Investments in Hyperscale Data Centers To Increase Market Growth

    3. 1.3 Market Restraints

      1. 1.3.1 High Initial Investment Cost To Hinder Market Growth

    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 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 Storage Type

      1. 2.2.1 Traditional Storage

      2. 2.2.2 All-Flash Storage

      3. 2.2.3 Hybrid Storage

    3. 2.3 End-User

      1. 2.3.1 IT & Telecommunication

      2. 2.3.2 BFSI

      3. 2.3.3 Government

      4. 2.3.4 Media & Entertainment

      5. 2.3.5 Other End-User

Philippines Data Center Storage Market Market Size FAQs

The Philippines Data Center Storage Market size is expected to reach USD 0.62 billion in 2024 and grow at a CAGR of 10.31% to reach USD 1.11 billion by 2030.

In 2024, the Philippines Data Center Storage Market size is expected to reach USD 0.62 billion.

Philippines Data Center Storage Market Report Snapshots

Philippines Data Center Storage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2030)