Storage - Egypt | Statista Market Forecast

Revenue in the Storage market is projected to reach US$50.32m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 14.56%, resulting in a market volume of US$99.26m by 2029.
The average Spend per Employee in the Storage market is projected to reach US$1.52 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 storage market in Egypt's data center market is experiencing negligible growth due to factors such as limited infrastructure and low investment in technology. This has resulted in slow adoption of digital storage solutions, hindering market growth.

Customer preferences: The growing adoption of cloud-based storage solutions is driven by the increasing need for data storage and management in the data center market. This trend is further fueled by the rise of e-commerce and the growing volume of digital content, leading to a demand for scalable and secure storage solutions. Additionally, the growing awareness of data security and privacy concerns is pushing companies to invest in advanced storage technologies that can protect sensitive information.

Trends in the market: In Egypt, the Storage Market within the Data Center Market is seeing an increase in demand for cloud storage solutions, as more businesses shift towards digitalization and remote work. This trend is expected to continue, as the country invests in improving its digital infrastructure. Additionally, there is a growing trend of using renewable energy sources in data centers, as the government aims to reduce its carbon footprint. These developments are significant for industry stakeholders, as they present opportunities for growth and innovation in the market. However, challenges such as data security and regulatory compliance must also be considered.

Local special circumstances: In Egypt, the Storage Market within the Data Center Market is influenced by the country's strategic location as a gateway between Africa and the Middle East. Additionally, the government's efforts to attract foreign investment and develop the ICT sector have led to a growing demand for data storage solutions. Cultural factors, such as the importance of traditional family businesses, also play a role in shaping the market dynamics. The country's regulatory environment, which promotes competition and innovation, further contributes to the growth of the Storage Market within the Data Center Market in Egypt.

Underlying macroeconomic factors: The Storage Market within the Data Center Market in Egypt is greatly impacted by macroeconomic factors, such as the country's economic stability, government policies, and global economic trends. A stable and growing economy with favorable government policies, such as tax incentives and investment in digital infrastructure, can drive the demand for data storage solutions in the country. However, economic downturns and unstable political environments can hinder market growth. Additionally, global trends towards digitization and increasing data generation are expected to drive the demand for storage solutions in Egypt's data center market.

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.