Enterprise Storage Market Size, Drivers and Challenges, Vendor Landscape, Opportunities and Forecast to 2027

Abstract

The global enterprise storage market research report provides an executive-level overview of the current storage market worldwide, with detailed forecasts of key indicators up to 2027. Published annually, the global enterprise storage market report provides a detailed analysis of the near-term opportunities, competitive dynamics, and evolution of demand by product/service type and verticals across the large enterprise and micro, small & medium enterprise (MSME) markets, as well as a review of key Storage market trends as well as the technological developments that are shaping the storage landscape.

The global outlook report provides information and insights into global enterprise storage market

• The primary finding from GlobalData's view of revenue opportunities in the enterprise storage market through to 2027, highlighting the market size and growth by product/service, by region, by vertical and by size band.
• The latest trends impacting the enterprise storage market.
• The market drivers that will facilitate the growth of enterprise storage market.
• The market challenges/inhibitors that may hinder the pervasive adoption of enterprise storage.
• The overview of top ICT vendors in the enterprise storage market.

Scope

• The global enterprise storage market size was pegged at $123 billion in 2022. The market is expected to grow at a CAGR of more than 6% during the forecast period (2022-2027). Growing volumes of both structured and unstructured data generated by enterprises due to the increasing use of digital solutions like online & ecommerce platforms, enterprise mobility, connected devices, mobile apps, automation and cloud, and the subsequent need to store such data for further analysis and use has been driving the enterprise storage demand.
• According to GlobalData, enterprise storage market would see majority share of its revenue come from storage hardware segment over the forecast period. Revenue from storage hardware segment reached $82.6 billion in 2022 and is set to grow up to $114.2 billion in 2027 at a CAGR of 6.7%.
• BFSI and manufacturing are the leading end-use vertical segment for enterprise storage, in terms of revenue contribution, and will remain so over the forecast period.
• Asia Pacific is the leading regional market with revenue pegged at $45.5 billion for 2022 and set to grow up to $67.8 billion by 2027 at a CAGR of 8.3% during the forecast period 2022-2027.

Reasons to Buy

This Global Outlook Report provides a comprehensive assessment of the enterprise storage market. It helps the reader to understand the enterprise storage market landscape, the recent trends, drivers, and challenges/inhibitors shaping the enterprise storage market.

• The report is exhaustive and up-to-date providing market opportunity forecasts in the enterprise storage market from 2022 to 2027, spanning technology segments (services), six regions, 22 verticals, and two size bands.
• The report provides an assessment of enterprise storage vendors.
• The report also discusses the opportunities and recommendations for vendors.