Storage - Algeria | Statista Market Forecast

Revenue in the Storage market is projected to reach US$44.65m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.22%, resulting in a market volume of US$66.27m by 2029.
The average Spend per Employee in the Storage market is projected to reach US$3.47 in 2024.
In global comparison, most revenue will be generated United States (US$24bn in 2024).

Definition:

The Storage market focuses on computing equipment specifically designed for information storage, including storage-intensive servers, external storage systems, and storage expansion systems. This market specifically focuses on solutions that target the high-capacity storage requirements of businesses and organizations, setting aside options like consumer-grade storage products such as portable storage devices and Network Attached Storage (NAS). These storage systems are vital for organizations that require dependable archiving, data backup, and recovery capabilities, serving as an indispensable component in advancing the digital capabilities of industries worldwide.

Additional Information:

The Storage market includes revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in the Storage market include companies such as Dell, HPE, NetApp, and IBM.

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Storage Intensive Servers, such as Dell EMC PowerVault Series, and HPE StoreEasy Storage
Enterprise Storage Devices, such as HPE 3PAR StoreServ Storage, and IBM FlashSystem
Cloud Storage Solutions, such as integration with Amazon AWS S3, and Microsoft Azure Blob Storage

Personal Computers, such as Apple iMac, and Dell Inspiron Series
Consumer-Grade Storage, such as Seagate Hard Disk, and Samsung NVMe SSD

In Algeria, the Storage Market within the Data Center Market is facing a negligible decline in growth rate due to factors such as limited investment in data centers, inadequate infrastructure, and low awareness about the benefits of digital storage solutions. However, with increasing adoption of digital technologies and growing demand for efficient data management, the market is expected to rebound in the near future.

Customer preferences: As data usage and storage needs continue to grow in Algeria, there has been a noticeable increase in demand for cloud-based storage solutions. This is driven by the need for scalable and flexible options, as well as data security concerns. Additionally, the rise of e-commerce and online services has led to a growing demand for data centers that can efficiently store and manage large amounts of consumer data. This trend is expected to continue as more businesses and individuals rely on digital platforms for their daily activities.

Trends in the market: In Algeria, the Storage Market within the Data Center Market is experiencing a shift towards cloud-based storage solutions, as more businesses are adopting virtualization and remote work policies. This trend is driven by the increasing demand for scalability and cost-efficiency. Additionally, there is a growing focus on data security and compliance, leading to the adoption of advanced storage technologies such as encryption and data backup. These trends are significant as they enable businesses to store and access data more efficiently and securely, ultimately enhancing their overall competitiveness. For industry stakeholders, this trend presents opportunities for offering specialized storage solutions and services, as well as partnerships with cloud service providers.

Local special circumstances: In Algeria, the Storage Market within the Data Center Market is influenced by the country's limited access to reliable internet infrastructure and government regulations on data storage and privacy. This has led to a slower adoption of cloud storage solutions and a greater reliance on on-premise storage solutions. Additionally, the country's cultural preference for local data storage providers has created barriers for international companies looking to enter the market.

Underlying macroeconomic factors: The Storage Market within the Data Center Market in Algeria is heavily influenced by macroeconomic factors such as government policies, economic stability, and technological advancements. The country's strong focus on digitalization and investments in IT infrastructure have created a favorable environment for the growth of the storage market. Additionally, the increasing adoption of cloud-based solutions and the rising demand for data storage and management solutions by various industries have further boosted the market. However, challenges such as limited internet penetration and cybersecurity concerns may hinder market growth.

Data coverage:

The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

As businesses generate unprecedented volumes of data, the future of enterprise storage is evolving rapidly, driven by the rise of cloud solutions. Cloud storage offers scalability and flexibility, making it essential for enterprises aiming to manage data efficiently and cost-effectively. Undoubtedly, the need to assess storage requirements has been heavily influenced by the demands posed by data centers and artificial intelligence (AI) applications. From handling big data analytics in AI to supporting 5G in telecoms, traditional data storage methods have been challenged, with cloud solutions redefining how organizations store and access critical information.