NEW YORK, Dec. 17, 2024 /PRNewswire/ — The global enterprise data storage market size is estimated to grow by USD 11.6 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 4.39% during the forecast period. The report provides a comprehensive forecast of key segments below-
Segmentation Overview
- Solution
- 1.1 SAN
- 1.2 NAS
- 1.3 DAS
- Type
- 2.1 Storage
- 2.2 Backup
- 2.3 Others
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and Africa
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1.1 Fastest growing segment:
A Storage Area Network (SAN) is a dedicated high-speed network that connects enterprise storage devices to multiple servers. It moves data from the common user network and organizes it into an independent, high-speed network, allowing each server to access storage devices and control their volumes. SANs are a type of Local Area Network (LAN) designed for handling large data volumes. They support data storage, retrieval, and replication using high-end servers and multiple disk arrays. Vendors like Dell Technologies, Hewlett Packard Enterprise, and IBM offer SAN solutions, including FC and iSCSI. SANs provide benefits such as storage virtualization, high-speed disk technologies, and dynamic failover protection. SANs improve storage management and fault tolerance, fueling the use of AI and real-time analytics for optimizing IT operations. SANs come in three types: Virtual SAN, Unified SAN, and Converged SAN. The advantages of SANs, including storage virtualization and high-speed disk technologies, are expected to drive the growth of the global enterprise storage market during the forecast period.
Analyst Review
The Enterprise Data Storage Market encompasses various storage solutions designed to accommodate the vast amounts of digital data generated by big businesses. Conventional storage systems, such as storage disks and subsystems, continue to be essential for corporate operations. However, cloud computing services and cloud-based solutions are increasingly popular, offering fault-tolerant, accessible storage options as a centralized source for business information. Workloads are distributed across scalable systems, including SSDs and Software-Defined Storage (SDS), ensuring high availability and efficient data accessibility. Cabling and connectivity play a crucial role in ensuring seamless data transfer between storage components and operating platforms. Data protection is a top priority, with businesses implementing various measures to safeguard their digital assets in data centers and cloud infrastructures. The market is continually evolving to meet the demands of businesses, offering innovative solutions like HCI and distributed storage to address the complexities of managing and securing large volumes of data.
Market Overview
The Enterprise Data Storage Market encompasses a range of storage solutions designed to meet the demands of large businesses and organizations. These storage systems include conventional storage systems such as storage disks, storage area networks (SAN), network-attached storage (NAS), direct attached storage (DAS), digital storage, and networked appliances. Cloud computing services and cloud-based solutions have also gained popularity as accessible and centralized sources for data management and protection. Fault-tolerant storage mechanisms are essential for business information resilience, ensuring data availability and disaster recovery capabilities. Data management, data sharing functions, and data security are key considerations for these systems. Storage systems come in various forms, including redundant, logical, and storage containers. Software manufacturers provide various operating platforms, distributed storage, and hyper-converged storage solutions. SSDs, SDS, HCI, and other hardware offerings are also part of the market landscape. Big enterprises require scalable, durable, and agile storage systems to handle large workloads, big data analytics, and unstructured data. Data centers and cloud infrastructures are essential components of IT systems in various industries, including healthcare, manufacturing, IT and telecommunication, and AI/ML. The market offers a range of scalable, dependable, and reasonably priced solutions for businesses, catering to the needs of specialist industries and startups alike. Cloud service providers and storage medium manufacturers continue to innovate, offering new products and services to meet the evolving demands of the digital age.
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Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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 consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. 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.
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SOURCE Technavio