Storage - Austria | Statista Market Forecast

Revenue in the Storage market is projected to reach US$236.00m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.02%, resulting in a market volume of US$347.20m by 2029.
The average Spend per Employee in the Storage market is projected to reach US$48.73 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

The Storage Market in Austria's Data Center Market is experiencing minimal growth due to factors such as limited demand for data storage, high costs of storage solutions, and the increasing popularity of cloud-based storage options.

Customer preferences: Austria's data center market is experiencing a growing demand for energy-efficient and sustainable storage solutions, in line with the country's focus on environmental sustainability. This trend is driven by consumers' increasing awareness of their carbon footprint and the need for businesses to comply with strict environmental regulations. Additionally, the rise of cloud computing and big data analytics has led to a shift towards software-defined storage solutions, allowing for more efficient and flexible data management.

Trends in the market: In Austria, the Storage Market within the Data Center Market is experiencing a shift towards cloud-based storage solutions, driven by the increasing demand for data storage and management. This trend is expected to continue, as companies seek to streamline their operations and reduce costs. Additionally, there has been a rise in the adoption of software-defined storage, allowing for greater flexibility and scalability. These developments have significant implications for industry stakeholders, as they must adapt to the changing market landscape and invest in innovative solutions to remain competitive. Furthermore, the increasing focus on data privacy and security is also influencing the storage market, with companies investing in advanced encryption and data protection measures. This trend is expected to continue as data breaches and cyber threats become more prevalent, emphasizing the importance of secure storage solutions for businesses.

Local special circumstances: In Austria, the Storage Market within the Data Center Market is influenced by the country's strict data protection laws and regulations, which prioritize the security and privacy of personal data. Additionally, the country's mountainous geography and high seismic activity make it an ideal location for disaster-proof data centers. Furthermore, the country's strong economy and high level of digitalization have led to a growing demand for cloud storage solutions, driving the growth of the Data Center Market in Austria.

Underlying macroeconomic factors: The Storage Market within the Data Center Market in Austria is impacted by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. The country's strong economy and stable political environment make it an attractive market for data center investments. Additionally, the rising adoption of cloud computing and increasing data storage requirements from various industries are driving the demand for data center storage solutions in Austria. Moreover, the government's initiatives to promote digitalization and the country's strategic location in Europe also contribute to the growth of the Storage Market within the Data Center Market in Austria.

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.