Storage Hardware Takes Centre Stage: Global Enterprise Storage Market Valued at USD $123 Billion in 2022

The “Enterprise Storage Market Size, Drivers and Challenges, Vendor Landscape, Opportunities and Forecast to 2027” report has been added to Research And Markets.com’s offering.

The global enterprise storage market is experiencing significant growth opportunities in our increasingly digital world. Enterprises are generating vast amounts of structured and unstructured data, and effective storage solutions are in demand. Understanding this market, its trends, and dynamics is crucial for informed decision-making among senior executives.

Key Information from the Report:
1. Market Overview:

• The global enterprise storage market was valued at $123 billion in 2022 and is expected to grow at a CAGR of over 6% during the forecast period (2022-2027).
• The growth is driven by the increasing generation of data by enterprises due to the adoption of digital solutions like online platforms, enterprise mobility, connected devices, mobile apps, automation, and cloud computing.

2. Storage Hardware Dominance:

• The majority of revenue in the enterprise storage market is expected to come from the storage hardware segment.
• Revenue from storage hardware reached $82.6 billion in 2022 and is projected to grow to $114.2 billion in 2027 at a CAGR of 6.7%.

3. Leading Verticals:

• The Banking, Financial Services, and Insurance (BFSI) and manufacturing sectors are leading end-use verticals in terms of revenue contribution and are expected to maintain this position during the forecast period.

4. Regional Insights:

• Asia Pacific is the leading regional market, with revenue reaching $45.5 billion in 2022.
• The region is set to grow to $67.8 billion by 2027 at a CAGR of 8.3% during the forecast period.

5. Key Players:

• Some of the key players in the enterprise storage market include Dell, Seagate, Western Digital, Micron, and HPE.

6. Market Drivers and Challenges:

• The report discusses the factors driving market growth, such as the increasing use of digital solutions and the need to store and analyze data.
• It also covers challenges and inhibitors that may impact the adoption of enterprise storage.

7. Market Trends:

• The report highlights the latest trends impacting the enterprise storage market.

8. ICT Vendors:

• It reviews the role of top ICT vendors in shaping the enterprise storage landscape.

Scope of the Report:

• The report provides forecasts for key indicators up to 2027, including market size, growth by product/service type, region, verticals, and size bands.
• It offers insights into market trends, drivers, challenges, and the role of top ICT vendors.

Reasons to Buy:

• The report helps readers understand the enterprise storage market landscape, recent trends, drivers, and challenges.
• It provides comprehensive market opportunity forecasts for various segments and regions.
• The assessment of enterprise storage vendors and recommendations for vendors are included.

For more information about this report visit https://www.researchandmarkets.com/r/2n2422