The global data center storage market size is calculated at USD 63.72 billion in 2024, grew to USD 71.76 billion in 2025 and is predicted to reach around USD 208.96 billion by 2034. The market is expanding at a CAGR of 12.61% between 2024 and 2034.
The global data center storage market size accounted for USD 63.72 billion in 2024 and is projected to surpass around USD 208.96 billion by 2034, growing at a CAGR of 12.61% from 2024 to 2034. Increasing digitalization across various industries generates huge amounts of data, which further creates the need to manage the data securely owing to the stringent government regulations for data privacy, fuelling the demand for the data center storage market on a global scale.
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The global data center storage market is proliferating due to the increasing demand for robust IT infrastructure in different sectors, including media and entertainment, IT and telecommunications, and cloud computing. To meet the IT load capacity and its increasing requirement, the traditional storage systems fall short of meeting expectations; therefore, advanced systems take over and are used in many organizations. The advanced storage systems are known as all-flash storage and hybrid storage. As local data security plays an important role, SMEs and the public sector also invest and rely on data center storage, which further ensures the compilation of the government's regulations for security and data privacy.
In the advanced data center storage market, the flash storage is driving due to the digital services and data intensive technologies and expansion of the data centre in the global market. Data traffics increasing due to the mobile data usage, adoption of the 5G networks in economically evolving countries like India, China including hyperscale facilities further fuelling the demand for the data centre storage.
Important updates on the global data storage solutions.
Artificial Intelligence (AI) Impact on the Data Centre Storage Market
Artificial Intelligence (AI) is significantly impacting the market by creating a requirement for data-intensive applications across various fields. AI and machine learning need a huge dataset to train the models, which is the major reason driving the market's demand on a global scale for high-capacity storage solutions. Also, real-time data processing is demanded in the market on consumer demand, and with the help of analytics, it is further propelling the data center storage market on a wider scale. Also, the increasing adoption of AI and ML in various sectors requires advanced storage space that is able to handle complex tasks and huge datasets.
Report Coverage | Details |
Market Size by 2034 | USD 208.96 Billion |
Market Size in 2024 | USD 63.72 Billion |
Market Size in 2025 | USD 71.76 Billion |
Market Growth Rate from 2024 to 2034 | CAGR of 12.61% |
Largest Market | North America |
Base Year | 2023 |
Forecast Period | 2024 to 2034 |
Segments Covered | Deployment, Application, and Regions |
Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Manage the vast amount of digital information
The major driving factor for the data center storage market is to manage the vast amount of digital information since many industries are adopting the expansion of digital platforms for businesses. The increasing volume of data variety is also a major driving factor in the global market. Consumers are also seeking solutions to interact with real-time data.
The volume of data, which is generated by a huge number of digital platforms like social media is increasing beyond certain limits generated even in the terabyte volume, which needs to be managed securely to gain insights from it. This trend is acknowledged by marketers, and they trade on this increasing demand and storage necessities of the data, expanding the data center storage market.
Data center consolidation
The major restraining factor that negatively affects the data center storage market is the increasing data center consolidation. The market is witnessing significant transformation owing to the adoption of various technologies along with different strategies to achieve optimization in the facilities of the data centers at different locations. Moreover, digital information is expanding unprecedently due to the increasing rate of digitalization in every sector across the globe, which creates a need to manage the data skillfully to avoid data leakage and unauthorized access.
Major emphasis on IoT-based devices
The significant opportunity that the data center storage market holds is the rising penetration of IoT-based devices in various sectors. The expansion of digital platforms across different sectors creates huge amounts of data, particularly due to interconnected devices like Internet of Things (IoT) devices, generating a huge volume of datasets. Such huge voluminous data requires high-performance data arrays and storage area networks like FC SAN and FCoE technology.
To manage the Data collaboratively and effectively, marketers are investing intentionally in skilled professionals to train them with updated tools that primarily manage the volume of the data, creating lucrative opportunities in the global market, along with the increasing demand for servers and network infrastructures. Additionally, the adoption of cloud computing and edge computing is also fuelling the data center storage market. Various sectors like BFSI, education, and teleconferencing are major contributors to the global market.
The SAN segment dominated the global data center storage market in 2023. The market is experiencing a substantial growth rate due to the rising surge in the IT and telecommunication infrastructure, media and entertainment industries, cloud computing, and governments' stringent regulations, including local data security concerns.
The IT & telecommunication segment accounted for the largest share of the data center storage market. The market is further divided into the BFSI, government, healthcare, and others. The growth of IT and telecommunication is due to the rapid growth of voluminous datasets generated due to digital transformation and the need for robust infrastructure as it requires highly scalable solutions for the IT and telecommunication sectors.
The BFSI segment is expected to witness the fastest growth in the market over the studied period. BFSI handles sensitive data, which is needed to secure it from unauthorized access; thus, it requires a reliable storage system to handle such huge and sensitive data.
North America accounted for the largest share of the global data centre storage market in 2023. The growth of this region is due to the high adoption rate of cutting-edge solutions for the data storage system and advanced technological infrastructure.
Country-wise, the most influential market player is the U.S. due to its extensive network of data centers and huge investments in storage technologies, which have further accelerated the region's growth. The significant expansion of cloud computing services and the rising need for managing voluminous data in various sectors like BFSI and IT have further accelerated North America's dominance.
Asia Pacific will host the fastest-growing data center storage market in the forecasted years. The growth of this segment is due to the increasing economic development and ongoing demand for data management solutions. Economically evolving countries like China, India, and Japan are the major contributors to the expanding IT infrastructure and rising investment in data center facilities.
The increasing initiative for digitalization by key countries like India and the growing adoption of edge and cloud computing across various industries like IT and telecommunication, healthcare, and the government sector are again fuelling the growth of the market on a global scale. Moreover, the expansion of IoT devices and the adoption of 5G technology fuelled the need to manage huge datasets generated by the interconnected devices and the digital platform, creating a lucrative opportunity for the data center storage market and its adoption in the Asia Pacific.
Segments Covered in the Report
By Deployment
By Application
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Data Center Storage Market
5.1. COVID-19 Landscape: Data Center Storage Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Data Center Storage Market, By Deployment
8.1. Data Center Storage Market, by Deployment, 2024-2034
8.1.1. SAN System
8.1.1.1. Market Revenue and Forecast (2021-2034)
8.1.2. NAS System
8.1.2.1. Market Revenue and Forecast (2021-2034)
8.1.3. DAS System
8.1.3.1. Market Revenue and Forecast (2021-2034)
Chapter 9. Global Data Center Storage Market, By Application
9.1. Data Center Storage Market, by Application, 2024-2034
9.1.1. IT and Telecommunications
9.1.1.1. Market Revenue and Forecast (2021-2034)
9.1.2. BFSI
9.1.2.1. Market Revenue and Forecast (2021-2034)
9.1.3. Government
9.1.3.1. Market Revenue and Forecast (2021-2034)
9.1.4. Healthcare
9.1.4.1. Market Revenue and Forecast (2021-2034)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2021-2034)
Chapter 10. Global Data Center Storage Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.1.2. Market Revenue and Forecast, by Application (2021-2034)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.1.3.2. Market Revenue and Forecast, by Application (2021-2034)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.1.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.2.2. Market Revenue and Forecast, by Application (2021-2034)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.2.3.2. Market Revenue and Forecast, by Application (2021-2034)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.2.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.2.5.2. Market Revenue and Forecast, by Application (2021-2034)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.2.6.2. Market Revenue and Forecast, by Application (2021-2034)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.3.2. Market Revenue and Forecast, by Application (2021-2034)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.3.3.2. Market Revenue and Forecast, by Application (2021-2034)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.3.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.3.5.2. Market Revenue and Forecast, by Application (2021-2034)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.3.6.2. Market Revenue and Forecast, by Application (2021-2034)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.4.3.2. Market Revenue and Forecast, by Application (2021-2034)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.4.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.4.5.2. Market Revenue and Forecast, by Application (2021-2034)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.4.6.2. Market Revenue and Forecast, by Application (2021-2034)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.5.2. Market Revenue and Forecast, by Application (2021-2034)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.5.3.2. Market Revenue and Forecast, by Application (2021-2034)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Deployment (2021-2034)
10.5.4.2. Market Revenue and Forecast, by Application (2021-2034)
Chapter 11. Company Profiles
11.1. Dell Technologies
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Hewlett Packard Enterprise
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. NetApp
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. IBM Corp.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Pure Storage
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Western Digital Corporation
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Seagate technology
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Cisco Systems, Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Nutanix, NC.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Micron Technology, Inc
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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