Data Center Storage Market Overview: 2025-2030
Base Year: 2024
Historical Years: 2020-23
Forecast Years: 2025-30
The Data Center Storage Market size was valued at around USD60 billion in 2024 and is projected to reach USD102 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 9.2% during the forecast period, i.e., 2025-30. The main reasons behind this growth are the increasing amount of data generated by various companies from multiple sectors such as IT, telecommunications, healthcare, etc., the increasing cloud adoption, growing demand for instant data retrieval to make data-based actions, security of data from breaches & natural disasters, increasing edge computing, and need for cost-effective storage solutions. All such factors fuel the demand for data centers, which further increases the demand for storage systems used in them.
Markntel Advisor’s Data Center Storage Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Data Center Storage Market drivers, barriers, Data Center Storage Market Trends, and Key Players in Data Center Storage Market.
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Data Center Storage Market Dynamics: 2025-2030
Data Center Storage Market Driver
Increasing Volume of Data Driving the Market Growth – The amount of data generated by various private and government sectors is continuously increasing. This is due to the digitalization across those sectors, increasing use of social media, expanding OTT entertainment, and many others. Around 402 million terabytes of data are generated every day worldwide. Also, by the end of 2025, the expected data gathered will be around 181 zettabytes. This creates a large need for secure storage such that data can be accessed quickly when needed. As such, many organizations are investing in data centers to store their data in a way that is secure from disasters and hackers. This leads to an increasing demand from them to increase storage in their data centers and also in storage devices. Therefore, a large amount of data generation has created a need to expand storage at data centers in recent years, and this trend is expected to continue in the forecast years as well.
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Data Center Storage Market (2025-30): Segmentation Outlook
The market report has segmented the market into the following categories:
- By Storage Type
- Direct-Attached Storage (DAS)- Market Size & Forecast 2020-2030, USD Million
- Network-Attached Storage (NAS)- Market Size & Forecast 2020-2030, USD Million
- Storage Area Network (SAN)- Market Size & Forecast 2020-2030, USD Million
- By Application
- IT & Telecommunications- Market Size & Forecast 2020-2030, USD Million
- BFSI- Market Size & Forecast 2020-2030, USD Million
- Government- Market Size & Forecast 2020-2030, USD Million
- Healthcare- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
- By Medium
- Hard Disk Drive (HDD) – Market Size & Forecast 2020-2030, USD Million
- Solid-State Drive (SSD)- Market Size & Forecast 2020-2030, USD Million
- Tape Storage- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
- By Architecture
- Block Storage- Market Size & Forecast 2020-2030, USD Million
- File Storage- Market Size & Forecast 2020-2030, USD Million
- Object Storage- Market Size & Forecast 2020-2030, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Top Companies Operating in the Data Center Storage Market:
- Dell Technologies
- Hewlett-Packard Enterprise
- NetApp
- IBM
- Hitachi Vantara
- Seagate Technology
- Western Digital Corporation
- Pure Storage
- Cisco Systems
- Oracle
- Huawei
- NEC Corporation
- Fujitsu
- Lenovo
- Toshiba Corporation
- Others
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