Storage - Czechia | Statista Market Forecast

Revenue in the Storage market is projected to reach US$122.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.23%, resulting in a market volume of US$173.50m by 2029.
The average Spend per Employee in the Storage market is projected to reach US$22.78 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.

For more information on the data displayed, use the info button right next to the boxes.

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 Data Center Market in Czechia is facing a negligible decline in growth rate due to factors such as increasing competition, rising costs of storage equipment, and slower adoption of new technologies. Despite this, the market is still expected to experience steady growth due to rising data storage needs and the increasing importance of data security.

Customer preferences: As the demand for data storage continues to rise, there has been a notable shift towards cloud-based solutions in the Storage Market within the Data Center Market in Czechia. This trend is driven by the growing preference for remote work and digitalization of businesses, as well as the need for flexibility and scalability in managing data. Additionally, with the increasing importance of data privacy and security, consumers are opting for data centers that offer robust security measures and compliance with data protection regulations.

Trends in the market: In Czechia, the Storage Market within the Data Center Market is experiencing a surge in demand due to the increasing adoption of cloud computing and big data analytics. This trend is expected to continue in the coming years as businesses rely more on data-driven decision making. The significance of this trend lies in the need for efficient and secure storage solutions, which has led to the emergence of data center colocation services. Industry stakeholders must adapt to these changes by investing in advanced storage technologies and offering colocation services to meet the growing demand. Failure to do so may result in losing market share to competitors.

Local special circumstances: In Czechia, the Data Center Market is driven by the country's strategic location in central Europe, making it a hub for international businesses. The market is also influenced by the government's efforts to promote digitalization and attract foreign investments. Additionally, the country's strict data protection laws ensure a secure environment for data storage, driving the demand for storage solutions within the Data Center Market.

Underlying macroeconomic factors: The Storage Market within the Data Center Market in Czechia is influenced by macroeconomic factors such as technological advancements, government policies, and investments in IT infrastructure. With a favorable business climate and strong government support, Czechia has become a hub for data centers, leading to increased demand for storage solutions. Furthermore, the growing digitalization of businesses and the need for efficient data management are driving the growth of the storage market in Czechia.

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.