Storage - Germany | Statista Market Forecast

Revenue in the Storage market is projected to reach US$2.52bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.94%, resulting in a market volume of US$3.87bn by 2029.
The average Spend per Employee in the Storage market is projected to reach US$55.26 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 within the Data Center Market in Germany is facing a negligible decline in growth rate due to factors such as saturation in the market, increasing competition, and economic uncertainties. Despite this, the market continues to experience steady growth driven by the increasing demand for data storage and management solutions.

Customer preferences: As more businesses and organizations move towards digitalization, the demand for storage solutions in the data center market in Germany has significantly increased. This trend is driven by the growing need for secure and reliable storage of large amounts of data, including sensitive customer information. Additionally, the rise of cloud computing and the Internet of Things has also led to a surge in demand for storage solutions, as data is generated and stored in these digital ecosystems at an unprecedented rate.

Trends in the market: In Germany, the Storage Market within the Data Center Market is experiencing a shift towards cloud-based solutions, as organizations look for more efficient and scalable storage options. This trend is driven by the increasing amount of data being generated and the need for cost-effective storage solutions. Additionally, there is a growing focus on sustainability, with the use of renewable energy sources and energy-efficient infrastructure in data centers. These trends have significant implications for industry stakeholders, as they must adapt to new technologies and business models to stay competitive in the market. Furthermore, data security and privacy concerns are also gaining attention, with stricter regulations being implemented. Overall, the trajectory of these trends is towards a more advanced and sustainable data center market in Germany.

Local special circumstances: In Germany, the Storage Market within the Data Center Market is heavily influenced by the country's strict data protection laws and regulations. This has led to the development of advanced data security solutions and a strong focus on data privacy in the market. Additionally, Germany's strong economy and high demand for cloud services have led to significant investments in data center infrastructure, making it one of the largest data center markets in Europe. The country's central location and well-developed infrastructure also make it an ideal location for international businesses looking to establish a data center presence in Europe.

Underlying macroeconomic factors: The growth of the Storage Market within the Data Center Market in Germany is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. With Germany being a leading global economy, its stable economic conditions and strong investment in digital technologies have created a favorable environment for the growth of the storage market. Additionally, the increasing demand for data storage due to the rise of digitalization in various industries and the growing need for data security and compliance are also driving the growth of the storage market in Germany.

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.