Storage - Benelux | Statista Market Forecast

Revenue in the Storage market is projected to reach US$1.14bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.51%, resulting in a market volume of US$1.88bn by 2029.
The average Spend per Employee in the Storage market is projected to reach US$71.23 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 the Benelux region is facing a negligible decline in growth rate due to factors such as saturation in the market, slow adoption of new technologies, and economic uncertainties. These challenges are impacting the growth potential of the market.

Customer preferences: As consumers become more reliant on digital services, there has been a noticeable increase in demand for cloud-based storage solutions within the Data Center Market in Benelux. This trend is driven by a desire for more efficient and secure data management, as well as the need for remote access and collaboration. Additionally, the rise of remote work and virtual events has led to a greater need for scalable and reliable storage solutions to support these activities.

Trends in the market: In the Benelux region, the Storage Market within the Data Center Market is seeing a shift towards cloud-based storage solutions. This trend is driven by the increasing demand for scalable and cost-effective storage options. 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. This trend is expected to continue as more businesses move towards digital transformation and rely on data-driven processes. Industry stakeholders can expect an increased demand for data storage and management services, as well as a potential rise in partnerships and collaborations to offer comprehensive solutions to clients.

Local special circumstances: In the Benelux region, the Storage Market within the Data Center Market is heavily influenced by its geographical location as a central hub for Europe's data traffic. This has led to a high demand for data center services, especially in the Netherlands and Luxembourg. Additionally, the cultural emphasis on data privacy and security has driven the adoption of advanced storage solutions. Furthermore, the region's strict regulations on data protection have created a need for compliance and data sovereignty, resulting in the growth of local data center providers.

Underlying macroeconomic factors: The Storage Market within the Data Center Market in the Benelux region is greatly impacted by macroeconomic factors such as overall economic growth, government policies, and investment in digital infrastructure. The region's strong economic health and supportive policies towards digital transformation have created a conducive environment for the growth of the storage market. Additionally, the increasing demand for data storage solutions due to the rise in data generation and the adoption of cloud-based services is further driving the market growth in the region.

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.