Storage - Ireland | Statista Market Forecast

Revenue in the Storage market is projected to reach US$106.50m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.74%, resulting in a market volume of US$154.60m by 2029.
The average Spend per Employee in the Storage market is projected to reach US$36.73 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 the Data Center Market in Ireland has seen a slight decline in growth due to factors such as increased competition, saturation of the market, and the shift towards cloud storage solutions.

Customer preferences: The rapid adoption of cloud computing in Ireland has led to a growing demand for storage solutions within the data center market. This trend is driven by the increasing need for businesses to store and manage large amounts of data, as well as the shift towards remote work and virtual collaboration. As a result, there has been a noticeable increase in the use of hybrid and multi-cloud storage solutions, allowing companies to efficiently and securely store their data while also leveraging the benefits of the cloud. Additionally, the growing concern for data privacy and security has led to a rise in demand for storage solutions that offer advanced encryption and data protection measures.

Trends in the market: In Ireland, the Storage Market within the Data Center Market is experiencing a surge in demand for cloud-based storage solutions. This trend is driven by the increasing adoption of cloud computing and the need for scalable and secure storage solutions. With the growing volume of data generated by businesses and the rise of big data analytics, the demand for storage solutions is expected to continue to grow in the coming years. This presents opportunities for industry stakeholders, such as data center providers and storage solution providers, to capitalize on this trend and offer innovative storage solutions to meet the evolving needs of businesses in Ireland.

Local special circumstances: In Ireland, the Data Center Storage market is heavily influenced by the country's favorable tax policies and government support for the technology sector. The country's cool climate also makes it an ideal location for data centers, reducing energy costs and environmental impact. Additionally, Ireland's strong presence in the tech industry has attracted major players like Google and Amazon, driving demand for storage solutions. The country's strict data protection laws also play a significant role in shaping the market, with companies having to adhere to stringent regulations for data storage and security.

Underlying macroeconomic factors: The Storage Market within the Data Center Market in Ireland is greatly impacted by macroeconomic factors such as the country's strong economic growth, favorable regulatory environment, and high investment in digital technologies. These factors have contributed to the rapid expansion of the data center market in Ireland, as well as the growing demand for storage solutions. Additionally, the increasing adoption of cloud computing and the rise of big data analytics in various industries have also played a significant role in driving the growth of the storage market in Ireland.

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.