Storage - Brazil | Statista Market Forecast

Revenue in the Storage market is projected to reach US$602.00m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.92%, resulting in a market volume of US$923.00m by 2029.
The average Spend per Employee in the Storage market is projected to reach US$5.50 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 Brazil data center storage market has seen a slight decline in growth due to factors such as economic instability and the shift towards cloud-based storage solutions. This trend is expected to continue in the coming years as companies focus on cost-cutting measures.

Customer preferences: As the demand for data storage continues to grow in Brazil, the country is seeing a rising interest in cloud-based storage solutions. This trend is driven by the increasing adoption of digital technologies and the need for businesses to store and manage large amounts of data. Additionally, the growing preference for remote work and remote access to data has also contributed to the popularity of cloud storage. This shift towards cloud storage is also fueled by the need for cost-effective and scalable storage solutions, as well as the desire for greater flexibility and accessibility.

Trends in the market: In Brazil, the Storage Market within the Data Center Market is experiencing a surge in demand for cloud storage solutions, as businesses increasingly rely on data-intensive applications. This trend is expected to continue as the country's economy grows and more companies adopt digital transformation strategies. Additionally, there is a rising demand for data center infrastructure services, as businesses seek to outsource their IT operations. This trend is significant as it allows companies to reduce costs and focus on core business activities. However, it also poses challenges for industry stakeholders, such as data center providers, as they must continuously innovate and upgrade their services to meet evolving market demands.

Local special circumstances: In Brazil, the Storage Market within the Data Center Market is heavily influenced by the country's unique regulatory environment. The government has implemented strict data privacy laws, such as the General Data Protection Law (LGPD), which has increased the demand for secure and compliant data storage solutions. Additionally, Brazil's geographic location makes it vulnerable to natural disasters, driving the need for disaster recovery and backup services in the storage market. These factors, combined with the growing demand for cloud-based storage solutions, have shaped the dynamics of the data center market in Brazil.

Underlying macroeconomic factors: The Storage Market within the Data Center Market in Brazil is greatly impacted by macroeconomic factors such as the country's economic stability, government policies, and investment in infrastructure. As Brazil continues to strengthen its economy and invest in digital technologies, the demand for storage solutions within data centers is expected to increase. Additionally, the rise in e-commerce and cloud computing in Brazil is also contributing to the growth of the storage market, as more data is being generated and stored. However, challenges such as high import taxes and limited IT infrastructure in certain regions of Brazil 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.