The size of the global data storage market was estimated at USD 217.02 billion in 2022, and it is anticipated that it will increase from USD 247.32 billion in 2023 to USD 777.98 billion by 2030, with a CAGR of 17.8% over the course of the forecast period.

Data storage solutions give users and companies the flexibility and efficiency to transmit, retrieve, and manipulate an organization's operational data. Companies that place a higher priority on data security, speed, reliability, portability, and better programmability are enhancing the market. As a result, a number of important players are improving their storage systems through new developments and partnerships in response to the growing adoption of technologies.

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DEMANDING INDUSTRY PLAYERS

To address the issues faced by businesses, the key players are eager to develop storage solutions based on cutting-edge high-tech, including AI, cloud computing, and others. One of the main business strategies used by companies is the innovation of new products and the improvement of existing ones. Similar to this, market participants strategically work together and buy businesses across the globe to promote global development.

The companies that follow are a few of the significant businesses profiled: 

  • IBM Corporation (U.S.)

  • Microsoft Azure (U.S.)

  • Hewlett Packard Enterprise (HPE) (U.S.)

  • Equinix (U.S.)

  • Dell Technologies (U.S.)

  • Amazon Web Services (AWS) (U.S.)

  • Hitachi Vantara (Japan)

  • NetApp (U.S.)

  • Huawei (China)

  • Veritas (U.S)

  • Infinidat (Israel)

The "Data Storage Market Report 2030" from Fortune Business Insights is an in-depth overview of the market that covers over 60 geographies and provides high-level market segmentation for each one. The market in each geography is examined, along with market size by region and country, in the section on regional and national breakdowns. Additionally, it assesses the market's past and anticipated growth and highlights important trends and corporate expansion tactics.

SCOPE AND SEGMENTATION ASSOCIATED WITH THE REPORT

By Storage Medium: 

  • Direct Attached Storage

  • Storage Area Network

  • Network Attached Storage

  • Cloud Storage

  • Software Defined Storage

By End-user: 

  • Individual

  • Commercial

  • Industrial

  • Government

By Region

  • (The United States and Canada)

  • Europe (the United Kingdom, Germany, France, Italy, and the rest of the continent)

  • Asia-Pacific (including Southeast Asia, China, India, Japan, and the rest of the region)

  • Latin America (including Brazil, Mexico, and the remainder of the region)

  • South Africa, the Gulf Cooperation Council, and the rest of the Middle East and Africa

The study examines several crucial elements to comprehend the market, such as the most recent market dynamics, growth potential, and development trends, as well as market challenges, development threats, and risk factors. The information is easy to understand thanks to this comprehensive market overview. In addition to offering short- and long-term market forecasts, the study provides an analytical stance on the pertinent global market sector.

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What insights does the Data Storage Market report provide to readers?

  • Data Storage Market Fragmentation Based on Product Type, End User, and Region

  • Comprehensive assessment of upstream starting materials, downstream demand, and the present market landscape.

  • Collaborations, R&D projects, acquisitions, and product launches of each Data Storage Market player

  • The various rules governments have placed on using the Data Storage Market are described in detail. 

The inspirations for investing in this report

  • The research provides a detailed market overview by defining, describing, and classifying it.

  • The study includes the SWOT analysis and business plans of each vendor in the industry.

  • The report provides in-depth analyses of current market trends, trend forecasts, and growth drivers.

  • The study thoroughly analyzes the business's competitive landscape and significant market strategies.

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