Storage - Japan | Statista Market Forecast

Revenue in the Storage market is projected to reach US$2.22bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.45%, resulting in a market volume of US$3.65bn by 2029.
The average Spend per Employee in the Storage market is projected to reach US$32.14 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 Data Center Market in Japan has been facing a negligible decline in growth rate due to factors such as increasing competition, rising costs, and a shift towards cloud computing. Despite this, the Storage Market within this sector continues to experience growth, driven by the rising demand for data storage solutions and the need for efficient data management.

Customer preferences: With the increasing adoption of cloud computing and big data analytics in Japan, there has been a significant rise in demand for secure and reliable storage solutions within the Data Center Market. This trend is driven by the growing need for efficient data management and storage, especially among large enterprises and government agencies. Additionally, the rise of remote work and virtual collaboration has also led to a higher demand for cloud-based storage solutions, as companies look for ways to securely store and access their data from anywhere.

Trends in the market: In Japan, the Storage Market within the Data Center Market is experiencing a shift towards software-defined storage solutions, as companies seek more flexibility and scalability in their data storage systems. This trend is driven by the increasing use of cloud computing and big data analytics, and is expected to continue in the coming years. This has significant implications for industry stakeholders, as it requires a shift in business models and investment in new technologies. Additionally, the demand for more advanced storage solutions is also leading to partnerships and collaborations between data center providers and storage vendors.

Local special circumstances: In Japan, the Storage Market within the Data Center Market is heavily influenced by the country's strict data privacy laws and cultural emphasis on security. This has led to a higher demand for secure and reliable storage solutions, driving the adoption of advanced technologies such as encryption and data backup. Additionally, the limited land availability and high earthquake risk have resulted in a focus on compact and durable storage options. Overall, these unique factors shape the dynamics of the Storage Market in Japan, setting it apart from other markets.

Underlying macroeconomic factors: The growth of the Storage Market within the Data Center Market in Japan is heavily influenced by macroeconomic factors such as technological advancements, government initiatives, and investment in digital infrastructure. Japan's strong economy and stable political environment have led to increased investments in data center infrastructure, driving the demand for storage solutions. Furthermore, the country's aging population and increasing digitization of businesses have created a need for efficient data storage and management, further propelling the growth of the Storage Market within the Data Center Market in Japan.

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.