Enterprise Storage System Market Size, Share & Industry Analysis, By Storage Type (Direct Attached Storage (DAS), Storage Area Network (SAN), Network Attached Storage (NAS), Mixed/ Hybrid Storage Environment), By Industry (Healthcare, Retail, Automotive, BFSI, Government, IT & Telecom, Manufacturing) And Regional Forecast, 2024-2032

Enterprise storage system provides centralized storage for business information. It offers protection, data management, and sharing function between connected computer systems. The enterprises dealing with high data volume and critical information are largely adopting the scalable enterprise storage system. The rapidly growing businesses are likely to adopt enterprise storage systems to maintain data. The storage system offers storage area networks with disaster recovery, data sharing, reliable backup, and restoration capabilities. Its data saving and retrieving features are driving the market demand.

The network-attached storage and storage area network of enterprise storage systems are witnessing high demand. Small and medium enterprises are highly adopting network-attached storage, owing to changing storage needs. Similarly, the large enterprises are moving toward adopting storage area network solutions as network storage offers easy access to stored data. The SAN’s superior speed and high network performance are boosting its adoption in large enterprises.

Key Market Driver -

• Expanding digital information and data volume is likely to drive the market growth

Key Market Restraint -

• Data safety and security concerns are hampering the enterprise storage system adoption

Key Players Covered:

Some of the solution providers in the global enterprise storage system market are DataDirect Networks Inc., Lenovo Group Ltd., Dell Technologies Inc., Fujitsu Ltd., Hitachi Ltd., NetApp Inc., Huawei Co. Ltd., IBM Corp., Western Digital Corp, Hewlett Packard Enterprise Co. among others. The companies are collaborating to expand its product portfolio and global presence. Also, the key companies are investing in research and development of storage systems to bring innovative solutions for enterprises.

Regional Analysis

North America is an early adopter of the market and is expected to gain maximum market share. The presence of large and medium enterprises is boosting the demand for the enterprise storage system market. The increasing adoption of technologies such as artificial intelligence, internet of things, connected devices, and others are driving the enterprise storage system. US is likely to lead the market owing to the presence of booming industries such as healthcare, automotive, BFSI, retail, and more. Europe is expected to gain traction during the forecast period. The automotive industry in the UK, France, and Germany is continuously expanding. The increasing demand for connected cars, logistics, fleet management is driving the enterprise storage system demand.

Asia Pacific is likely to gain traction during the forecast period. Countries such as China, Japan, South Korea, and India are witnessing emerging industries. China’s dominant companies such as Huawei Technologies Co., Ltd., Tencent Holdings Ltd, Alibaba Group Holding Limited are investing in storage systems across the globe. In Japan, the rapid development in IT infrastructure is boosting the demand for enterprise storage systems. Also, Japan is witnessing rising demand for cloud computation. For instance, in 2019 OpenText expanded its cloud infrastructure in Japan to provide disaster recovery features for enterprises. This is likely to boost the adoption of the enterprise storage system in Japan.  Further, Latin America and Middle East & Africa are witnessing steady adoption of enterprise storage systems owing to increasing investment by the enterprises in the region.

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Segmentation

Key Industry Developments

• March 2020 – NetApp Inc. acquired US based Talon Storage. The company offers software to connect the company branches over the public cloud via servers. The partnership will offer the enterprises seamless access to the unstructured data.


• October 2018 – Huawei Holding Ltd in partnership with Riverbed Technology launched NAS-based Data Migration Services. The service launched to tackle the data loss and lengthy transfer times challenges.