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Global Hardware Storage Market Repo...

Historical and Forecast Market Trends

2018-34

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The storage of data is the most crucial part of the modern data-driven economy. The key industry players are continuously working to capitalise on the growth opportunities offered by emerging countries and meet the rising data storage requirements, which is the direct fall out of the rising digital economy. Thus, these players are constantly innovating their storage systems to expand their global reach.

Hewlett Packard Enterprise (NYSE: HPE), one of the leading players in the market, aims at providing intelligent data storage platform and AI-driven results. In May 2021, the company introduced a new data services platform, which will be available through HPE GreenLake. It consists of a cloud console for swift and unified data operations as a service; cloud data service for automated global infrastructure management; and HPE Alletra, which is a portfolio of cloud-native data infrastructure, powering data edge-to-cloud.

Another player in the market NetApp (NASDAQ: NTAP), cloud-led, data-centric software company, and Aston Martin Cognizant Formula One™ announced a multi-year partnership. As the British car brand gears up for its return to Formula One competition after long 60 years, NetApp will support it by using data to build its team’s racing strategies in real time on a global scale. The team will be able to better gauge car performance and make necessary refinements before, during, and after every race.

The importance of data has no limits. It provides a strategic help in all sectors and industries, which is expected to reinforce the market for hardware storage in the coming years.

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Market Analysis by Storage Architecture, Storage System, Storage Medium, End Use, and Region:

  • The market is divided into file and object-based storage (FOBS) and block storage based on storage architecture.
  • On the basis of storage system, the hardware storage industry is classified into network attached storage (NAS), direct attached storage (DAS), and storage area network (SAN).
  • The different storage mediums are solid-state drive (SSD), hard disk drive (HDD), and tape, among others.
  • The major end users of the hardware storage are enterprises, government, cloud service providers, and telecom, among others.
  • The regional markets of hardware storage include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The companies like Google or YouTube, among many others, which rely on digital data for their operations significantly drive the demand for hardware storage, thus, aiding the industry growth.
  • The increasing penetration of data analytics, AI, blockchain, IoT, cloud computing and other Internet-based services is one of the major factors driving the industry growth.
  • The increased government spending to enhance the contribution of digital economy has further boosted the demand for hardware storage.
  • The growing sale and use of smartphone and the culture of taking pictures and recording videos as memories are further pushing the demand for external storage devices.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for hardware storage for the periods (2018-2023) and (2024-2032).
  • The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the storage architectures, storage systems, storage mediums, end uses, and regions of hardware storage.
  • The report analyses the market dynamics, covering the key demand indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global hardware storage market are Hewlett Packard Enterprise, Dell, Inc., NetApp, Inc., Hitachi, Ltd., and Nutanix, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Report Summary

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Storage Architecture
  • Storage System
  • Storage Medium
  • End Use
  • Region
Breakup by Storage Architecture
  • File and Object-based Storage (FOBS)
  • Block Storage
Breakup by Storage System
  • Network Attached Storage (NAS)
  • Direct Attached Storage (DAS)
  • Storage Area Network (SAN)
Breakup by Storage Medium
  • Solid-state Drive (SSD)
  • Hard Disk Drive (HDD)
  • Tape
  • Others
Breakup by End Use
  • Enterprise
  • Government
  • Cloud Service Providers
  • Telecom
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Hewlett Packard Enterprise
  • Dell, Inc.
  • NetApp, Inc.
  • Hitachi, Ltd.
  • Nutanix, Inc.
  • Others
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