According to Technavio’s Research Report “Global Data Center
Storage Market by deployment (SAN system, NAS system, and DAS system)
and geography (North America, Europe, APAC, South America, and MEA)
is witnessed to grow by USD 107.44 billion, at a CAGR of 28% from
2019-2023.”
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Technavio has published a new market research report on the global data center storage market from 2019-2023. (Graphic: Business Wire)
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SAN system segment will garner the highest market share
The SAN system segment will account for the highest share during the
forecast period as these systems are generally deployed by enterprises
dealing with high-volume and resource-intensive data, where the data
needs to be processed simultaneously. The rise in digitalization across
end-user industries is further driving the need for high-speed data
storage devices. This will drive the implementation of SAN as it offers
a high throughput of up to 12Gb/s. Furthermore, the high-performance
capacity of SAN systems makes them highly preferable for high-speed
traffic, including high transaction databases and e-commerce websites.
Therefore, the increasing use of SAN systems will boost the demand for
data center storage during the next few years.
“SAN has helped in managing and accessing substantial amounts of
data. Also, centralized control and flexibility for sharing capacity
between multiple hosts are key factors driving the adoption of SAN
systems in data centers,” says a senior research analyst at Technavio.
Increasing preference for hyper-converged infrastructure in data
centers
Hyper converged infrastructure (HCI) is an IT infrastructure which
allows systems to offer the convergence of storage and computational
functionalities as a single, highly virtualized solution. These systems
reduce the data center footprint significantly, eventually leading to
the creation of more technical space and core IT space. Also, HCIs offer
scalability to the data centers. Customers can add new resources such as
servers or storage arrays by connecting a new node to the existing
cluster. Furthermore, HCI systems offer a high degree of automation when
it comes to storage-related tasks. Therefore, with the rising adoption
of HCI systems, the global
data center storage market, is anticipated to witness
surging growth during the next few years.
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Data center storage to witness the fastest adoption in MEA
MEA is anticipated to witness the fastest data center storage market
growth during the forecast period. The growth can be attributed to the
increase in installation of data centers in the Gulf Cooperation Council
(GCC) countries. Growing investments in the fintech sector and smart
city initiatives are boosting the demand for new hyper converged data
centers in the region. Thus, the increasing deployment of data centers
will positively drive the data center storage market in MEA during the
forecast period.
Few Major Players for the Data center storage market are:
- Dell Technologies Inc.
- Hewlett Packard Enterprise Development LP
- Huawei Technologies Co. Ltd.
- IBM Corp.
- NetAPP Inc.
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