United Arab Emirates Data Center Storage Market Size (2024 - 2029)

The United Arab Emirates Data Center Storage Market is poised for significant growth, driven by the country's status as a major data center hub in the Middle East. With substantial investments anticipated, the market's capacity is set to expand, supported by the UAE government's focus on cloud computing and robust technological infrastructure. The development of new data centers, increased IT load capacity, and the construction of submarine cables are key factors contributing to the market's expansion. This growth trajectory underscores the rising demand for data center storage solutions in the region.

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Market Size of United Arab Emirates Data Center Storage Industry

United Arab Emirates Data Center Storage Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 448.5 Million
Market Size (2029) USD 818.70 Million
CAGR (2024 - 2029) 12.80 %
Market Concentration High

Major Players

United Arab Emirates Data Center Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order

United Arab Emirates Data Center Storage Market Analysis

The United Arab Emirates Data Center Storage Market size is estimated at USD 448.5 million in 2024, and is expected to reach USD 818.70 million by 2029, growing at a CAGR of 12.80% during the forecast period (2024-2029).

The United Arab Emirates (UAE) is one of the largest data center hubs in the Middle East. More data centers are planned to be constructed in the region. Upto USD 1 billion in additional investments are projected by 2026. In 2019, Microsoft Azure launched two cloud regions in Dubai and Abu Dhabi. With aggressive investments by the UAE government in cloud computing, competitive business laws, and a strong technological infrastructure, the ICT sector in the region is forecast to continue expanding in the years ahead, leading to major demand for data center storage.

  • Under Construction IT Load Capacity: The upcoming IT load capacity of the UAE data center market is expected to reach 840 MW by 2029.
  • Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 5 million sq. ft by 2029.
  • Planned Racks: The country's total number of racks to be installed is expected to reach over 250,000 units by 2029. Abu Dhabi is expected to house the maximum number of racks by 2029.
  • Planned Submarine Cables: There are close to four submarine cable systems connecting the United Arab Emirates, and many are under construction. One such submarine cable that was estimated to start service in 2023 is with Omani service provider Omantel and du from Emirates Integrated Telecommunications Company (EITC), which has announced plans to link the UAE and Oman through a newly activated 275-kilometer international fiber optic submarine cable named the Oman Emirates Gateway (OEG).

United Arab Emirates Data Center Storage Industry Segmentation

Data center storage encompasses devices, hardware, networking equipment, and software technologies facilitating the storage of data and applications within data center facilities, which are used for storing, managing, retrieving, distributing, and backing up digital information within such facilities.

The UAE data center storage market is segmented by storage technology (network attached storage (NAS), storage area network (SAN), and direct attached storage (DAS)), storage type (traditional storage, all-flash storage, and hybrid storage), and end user (IT & telecommunication, BFSI, government, media & 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 & Telecommunication
BFSI
Government
Media & Entertainment
Other End Users
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United Arab Emirates Data Center Storage Market Size Summary

The United Arab Emirates data center storage market is poised for significant growth, driven by the country's position as a leading data center hub in the Middle East. The market is experiencing a surge in demand due to aggressive government investments in cloud computing, favorable business regulations, and robust technological infrastructure. The introduction of cloud regions by major players like Microsoft Azure and the anticipated increase in IT load capacity, raised floor space, and the number of racks underscore the region's expanding data center capabilities. The development of submarine cable systems further enhances connectivity, supporting the burgeoning data storage needs. The advent of 5G technology is expected to revolutionize network capabilities, fostering real-time connectivity and driving increased storage demand as telecom vendors invest in the UAE data center market.

The market is characterized by rapid advancements in storage technologies, with a notable shift towards NVMe-based SSDs and flash storage solutions. The growing adoption of cloud technology and the rise of the metaverse are anticipated to escalate the demand for big data management and analytics, necessitating higher storage performance and concurrency. Strategic partnerships among key market players, such as G42 Cloud and SAP, aim to accelerate digital transformation through cloud technologies. The market is moderately consolidated, with major players like Dell Inc., Hewlett Packard Enterprise, and NetApp Inc. focusing on expanding their customer base and enhancing profitability through strategic collaborations. Recent product launches, such as Seagate's Exos X24 and Western Digital's WD Red Pro, highlight the ongoing innovation and capacity expansion in the data center storage sector, catering to the increasing demands of enterprise and hyperscale applications.

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United Arab Emirates 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 Growing Digitalization and Emergence of Data-centric Applications

      2. 1.2.2 Evolution of Hybrid Flash Arrays

    3. 1.3 Market Restraints

      1. 1.3.1 Compatibility and Optimum Storage Performance Issues

    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 & Telecommunication

      2. 2.3.2 BFSI

      3. 2.3.3 Government

      4. 2.3.4 Media & Entertainment

      5. 2.3.5 Other End Users

United Arab Emirates Data Center Storage Market Size FAQs

The United Arab Emirates Data Center Storage Market size is expected to reach USD 448.5 million in 2024 and grow at a CAGR of 12.80% to reach USD 818.70 million by 2029.

In 2024, the United Arab Emirates Data Center Storage Market size is expected to reach USD 448.5 million.

United Arab Emirates Data Center Storage Market Report Snapshots

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