Storage - Kazakhstan | Statista Market Forecast

Revenue in the Storage market is projected to reach US$47.89m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.66%, resulting in a market volume of US$54.59m by 2029.
The average Spend per Employee in the Storage market is projected to reach US$4.72 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 Kazakhstan is facing minimal decline in growth due to various factors such as low investments, insufficient infrastructure, and limited connectivity. These challenges are impacting the market's growth rate, which is expected to slowly recover in the coming years.

Customer preferences: As the demand for digital storage solutions continues to rise in Kazakhstan, consumers are increasingly prioritizing data security and privacy. This trend is driven by concerns over the protection of sensitive information, as well as the growing awareness of cyber threats. Additionally, with the rise of remote work and online learning, individuals are seeking reliable and accessible storage options to support their digital activities. This shift towards secure and convenient data storage is also influenced by the country's growing tech-savvy population and the increasing reliance on digital technologies in daily life.

Trends in the market: In Kazakhstan, the Storage Market within the Data Center Market is experiencing a trend towards cloud-based storage solutions. This trend is driven by the increasing demand for cost-effective and scalable storage options, as well as the need for remote access to data. Additionally, there is a growing emphasis on data security, leading to the adoption of advanced encryption and backup solutions. These trends are significant as they enable businesses to streamline their data storage processes and improve their overall efficiency. However, it also poses challenges for industry stakeholders, such as the need for continuous investment in infrastructure and the potential threat of data breaches.

Local special circumstances: In Kazakhstan, the Storage Market within the Data Center Market is seeing growth due to the country's strategic location between Asia and Europe, making it a key transit point for international data traffic. Additionally, the government's focus on developing a digital economy and improving internet infrastructure is driving demand for data storage services. However, the market is also affected by strict data privacy regulations and cultural preferences for on-premises storage solutions.

Underlying macroeconomic factors: The Storage Market within the Data Center Market in Kazakhstan is influenced by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. Countries with supportive regulatory environments and robust investments in digital technologies are experiencing significant market growth, while regions with regulatory challenges and limited funding are facing slower growth. Furthermore, the rising demand for data storage solutions due to the increasing use of technology and the growth of digital transactions is also driving the growth of the Storage Market in Kazakhstan.

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.