Enterprise Data Storage Market Size to Grow by $1.14B, Says Technavio

Enterprise Data Storage Market Facts at a Glance:

• Total Pages: 120
• Companies: 10+ – Including Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Intel Corp., International Business Machines Corp., Melco Holdings Inc., NetApp Inc., Quantum Corp., and Western Digital Corp. among others.
• Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape.
• Segments: Type (SAN, NAS, and DAS).
• Geographies: North America, Europe, APAC, South America, and MEA.

NEW YORK, March 9, 2022 — According to the recent market study by Technavio, the Enterprise Data Storage Market is expected to increase by USD 1.14 billion from 2020 to 2025, at an accelerated CAGR of 4.67%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

APAC will register the highest growth rate of 34% among the other regions. China and Japan are the key markets for the enterprise data storage market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Vendor Insights-

The Enterprise Data Storage market is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the global enterprise cloud services market.

Dell Technologies Inc. – Offers branded hardware (such as desktops, workstations, and notebooks) and branded peripherals (such as displays and projectors), as well as third-party software and peripherals.

Fujitsu Ltd. – Offers enterprise data storage solutions through products such as ETERNUS AB2100, ETERNUS AB3100, ETERNUS AB5100, ETERNUS AB6100, etc.

Hewlett Packard Enterprise Co. – Offers enterprise data storage solutions through products such as HPE Allegra, HPE SimpliVity, HPE Cloud Volumes Backup, HPE Apollo 4000 Systems, etc.

Regional Market Outlook

During the projection period, APAC will account for 34% of the market’s growth. In APAC, China and Japan are the most important markets for enterprise data storage. The market in this region will increase at a quicker rate than the market in other regions. Over the projection period, the enterprise data storage market in APAC will benefit from significant expenditures in smart home and smart city projects by major countries such as Japan, China, and South Korea.

Enterprise Data Storage Market: Trends, Drivers, Challenges

The research report looks at the impact of various trends, drivers, and challenges for global enterprise cloud services market growth during the forecast period. These insights will enable clients to design a growth strategy for their business and area of operations.

• Increased adoption of cloud applications will be a significant factor in driving the growth of the Enterprise Data Storage Market.
• Growing demand for IoT and big data operations is another factor that will be instrumental in driving the market growth during the forecast period.
• One of the key challenges that market players need to contend with in order to achieve further success is the high operating expenses for vendors.

Find the full report here: https://www.technavio.com/report/enterprise-data-storage-market-industry-analysis.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Source: Technavio