Data Center Storage Market Growth, Trends and Forecast 2034
Global Data Center Storage Market Size - By Storage, By Architecture, By Component, By Medium, By Deployment Model, By Vertical - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Aug-2025 | Report ID: IACT25147 | Pages: 1 - 273 | Formats*: |
| Category : Information & Communications Technology | |||
Global Data Center Storage Market Introduction and Overview
According to SPER Market Research, the Global Data Center Storage Market is estimated to reach USD 151.64 billion by 2034 with a CAGR of 9.66%.
The report includes an in-depth analysis of the Global Data Center Storage Market, including market size and trends, product mix, Applications, and supplier analysis. The Global Data Center Storage Market was valued at USD XX billion in 2024 and is estimated to grow at a CAGR XX% from 2025 to 2034. The quick development of cloud computing, big data analytics, and the growing need for high-performance storage solutions across industries are all contributing to the significant growth of the global data center storage market. To handle the exponential increase in data volumes, businesses are making significant investments in scalable and effective storage infrastructure. Technological developments like NVMe, software-defined storage, and AI-powered management tools are also driving market expansion. Furthermore, the need for adaptable and safe data storage solutions is increasing due to the expanding use of hybrid and multi-cloud environments. However, there are major barriers to industry expansion, including expensive initial investment costs and data security issues.
By Storage Insights
Storage Area Networks (SANs) dominated the data center storage market in 2024 because of their scalability, dependability, and high-speed connection, which made them perfect for enterprise-level databases and mission-critical workloads. SAN is commonly used by hyperscale computing centers and major companies that need to handle extremely low latency while handling data quantities. Businesses such as COPS Monitoring improved system security and fault tolerance by upgrading their infrastructure with cutting-edge SAN solutions. Network-Attached Storage (NAS) is still widely used for backup, cloud integration, and file sharing because of its scalability and user-friendliness. Due to their localized performance and cost effectiveness, Direct-Attached Storage (DAS) and Software-Defined Storage (SDS) are becoming more popular.
By Architecture Insights
The data center storage market is divided into three segments based on architecture: block storage, file storage, and object storage. Block storage dominated the market in 2024 because of its excellent speed, performance, and dependability, which made it perfect for databases and mission-critical applications. Because it makes organizing and accessing files simple, file storage is still frequently used in shared network drives, content management systems, and collaborative work environments. The increasing need for scalable solutions to handle unstructured data, including backups, videos, and photos, is propelling object storage to become the market category with the fastest rate of growth. In contemporary IT ecosystems, each type of storage fulfills specific functions.
By Medium Insights
Based on medium, the data center storage market is separated into three segments: hard disk drives (HDD), solid-state drives (SSD), and tape storage. HDD dominated the market in 2024 due to its low cost, high storage capacity, and continued use as the industry standard for bulk data storage needs. As cloud service providers and hyperscale data centers need faster, more responsive storage solutions to handle high-performance workloads, SSDs are growing quickly. Tape storage is still essential despite newer technologies, especially for long-term archival, backup, and compliance-driven storage needs. It provides an affordable, energy-efficient solution for storing vast amounts of data that is rarely accessed.
By Vertical Insights
The data center storage market was led by the IT & Telecommunications industry in 2024 because of the quick development of cloud computing, 5G infrastructure, and AI-powered applications. Deployments of edge computing, telecom networks, and hyperscale data centers are increasing the need for high-performance, low-latency storage solutions. In order to handle growing data volumes and guarantee uninterrupted connectivity, telecom operators and cloud service providers are increasingly implementing scalable, software-defined storage (SDS). The demand for sophisticated virtualization, intelligent storage, and real-time data processing has increased with the introduction of 5G and IoT. For AI and machine learning applications to operate at their best, fast, distributed storage solutions are necessary, particularly in edge data centers.
Regional Insights
North America held the greatest share of the data center storage market in 2024, with the US leading the way thanks to its strong cloud infrastructure and workloads powered by artificial intelligence. Large cloud service providers like Microsoft, Google, and AWS are still making significant investments in cutting-edge storage solutions. Low-latency SSDs and NVMe-based storage solutions have become more popular as a result of the increased emphasis on AI and edge computing. In the meantime, the Asia-Pacific area is anticipated to grow steadily between 2025 and 2034, driven by China's innovations in semiconductor production and digital transformation, which facilitate the region's adoption of affordable SSD and SDS.
Market Competitive Landscape
Leading market participants are investing heavily in R&D to develop scalable and energy-efficient storage solutions in the Data Center Storage market. Companies are expanding their global presence through strategic partnerships, product innovation, mergers, and acquisitions. Cost-effective, high-performance storage remains essential to compete. Some of the key market players are Amazon, Dell, Fujitsu, Google, Hewlett Packard Enterprise (HPE), Huawei, Intel Corporation, Microsoft, NetApp, Oracle.
Recent Developments:
In February 2025, Performance, dependability, and operational efficiency were greatly increased when Huawei's cutting-edge storage solutions were implemented by Turkish data center provider Radore to update its storage infrastructure. Radore sought to address the issues with its outdated storage system, which had sluggish data access and excessive latency.
In January 2025, Lenovo announced that it has purchased the Israeli company for commercial storage, Infinidat. Lenovo stated that this purchase aligns with its growth goal by expanding its footprint in the entry- and mid-range storage market and enhancing its enterprise storage capabilities.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Storage, By Architecture, By Component, By Medium, By Deployment Model, By Vertical |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Amazon, Dell, Fujitsu, Google, Hewlett Packard Enterprise (HPE), Huawei, Intel Corporation, Microsoft, NetApp, Oracle |
Key Topics Covered in the Report
- Global Data Center Storage Market Size (FY’2021-FY’2034)
- Overview of Global Data Center Storage Market
- Segmentation of Global Data Center Storage Market By Storage (Storage area network (SAN), Network-attached storage (NAS), Direct-attached storage (DAS), Software-defined storage (SDS))
- Segmentation of Global Data Center Storage Market By Architecture (Block storage, File storage, Object storage)
- Segmentation of Global Data Center Storage Market By Component (Hardware, Software)
- Segmentation of Global Data Center Storage Market By Medium (Hard disk drive (HDD), Solid-state drive (SSD), Tape Storage)
- Segmentation of Global Data Center Storage Market By Deployment Model (On-premises, Cloud-based, Hybrid)
- Segmentation of Global Data Center Storage Market By Vertical (IT & telecommunications, BFSI, Healthcare, Retail & E-commerce, Government & defence, Media & entertainment, Others)
- Statistical Snap of Global Data Center Storage Market
- Expansion Analysis of Global Data Center Storage Market
- Problems and Obstacles in Global Data Center Storage Market
- Competitive Landscape in the Global Data Center Storage Market
- Details on Current Investment in Global Data Center Storage Market
- Competitive Analysis of Global Data Center Storage Market
- Prominent Players in the Global Data Center Storage Market
- SWOT Analysis of Global Data Center Storage Market
- Global Data Center Storage Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Data Center Storage Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Data Center Storage Market
7.Global Data Center Storage Market, By Storage (USD Million) 2021-2034
7.1.Storage area network (SAN)7.2.Network-attached storage (NAS)7.3.Direct-attached storage (DAS)7.4.Software-defined storage (SDS)
8.Global Data Center Storage Market, By Architecture (USD Million) 2021-2034
8.1.Block storage8.2.File storage8.3.Object storage
9.Global Data Center Storage Market, By Component (USD Million) 2021-2034
9.1.Hardware9.2.Software
10.Global Data Center Storage Market, By Medium (USD Million) 2021-2034
10.1.Hard disk drive (HDD)10.2.Solid-state drive (SSD)10.3.Tape Storage
11.Global Data Center Storage Market, By Development Model (USD Million) 2021-2034
11.1.On-premises11.2.Cloud-based11.3.Hybrid
12.Global Data Center Storage Market, By Vertical (USD Million) 2021-2034
12.1.IT & telecommunications12.2.BFSI12.3.Healthcare12.4.Retail & E-commerce12.5.Government & defence12.6.Media & entertainment12.7.Others
13.Global Data Center Storage Market (USD Million) 2021-2034
13.1.Global Data Center Storage Market Size and Market Share
14.Global Data Center Storage Market, By Region, (USD Million) 2021-2034
14.1.Asia-Pacific
14.1.1.Australia14.1.2.China14.1.3.India14.1.4.Japan14.1.5.South Korea14.1.6.Rest of Asia-Pacific
14.2.Europe
14.2.1.France14.2.2.Germany14.2.3.Italy14.2.4.Spain14.2.5.United Kingdom14.2.6.Rest of Europe
14.3.Middle East and Africa
14.3.1.Kingdom of Saudi Arabia14.3.2.United Arab Emirates14.3.3.Qatar14.3.4.South Africa14.3.5.Egypt14.3.6.Morocco14.3.7.Nigeria14.3.8.Rest of Middle-East and Africa
14.4.North America
14.4.1.Canada14.4.2.Mexico14.4.3.United States
14.5.Latin America
14.5.1.Argentina14.5.2.Brazil14.5.3.Rest of Latin America
15.Company Profile
15.1.Amazon
15.1.1.Company details15.1.2.Financial outlook15.1.3.Product summary15.1.4.Recent developments
15.2.Dell
15.2.1.Company details15.2.2.Financial outlook15.2.3.Product summary15.2.4.Recent developments
15.3.Fujitsu
15.3.1.Company details15.3.2.Financial outlook15.3.3.Product summary15.3.4.Recent developments
15.4.Google
15.4.1.Company details15.4.2.Financial outlook15.4.3.Product summary15.4.4.Recent developments
15.5.Hewlett Packard Enterprise (HPE)
15.5.1.Company details15.5.2.Financial outlook15.5.3.Product summary15.5.4.Recent developments
15.6.Huawei
15.6.1.Company details15.6.2.Financial outlook15.6.3.Product summary15.6.4.Recent developments
15.7.Intel Corporation
15.7.1.Company details15.7.2.Financial outlook15.7.3.Product summary15.7.4.Recent developments
15.8.Microsoft
15.8.1.Company details15.8.2.Financial outlook15.8.3.Product summary15.8.4.Recent developments
15.9.NetApp
15.9.1.Company details15.9.2.Financial outlook15.9.3.Product summary15.9.4.Recent developments
15.10.Oracle
15.10.1.Company details15.10.2.Financial outlook15.10.3.Product summary15.10.4.Recent developments
15.11.Others
16.Conclusion
17.List of Abbreviations
18.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Data Center Storage Market size from 2025. The Market is expected to reach USD 151.64 billion by 2034, at a CAGR of 9.66% during the forecast period.
Data Center Storage Market CAGR of 9.66% during the forecast period.
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Data Center Storage Market size is USD 151.64 billion from 2025 to 2034.
Data Center Storage Market covered By Storage, By Architecture, By Component, By Medium, By Deployment Model, By Vertical
The North America is anticipated to have the highest Market share in the Data Center Storage Market.
Amazon, Dell, Fujitsu, Google, Hewlett Packard Enterprise (HPE), Huawei, Intel Corporation, Microsoft, NetApp, Oracle
The report includes an in-depth analysis of the Global Data Center Storage Market, including market size and trends, product mix, Applications, and supplier analysis.
Data Center Storage Market is projected to reach USD 151.64 billion by 2034, growing at a CAGR of 9.66% during the forecast period.
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