Storage - Mauritius | Statista Market Forecast

Revenue in the Storage market is projected to reach US$14.76m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.60%, resulting in a market volume of US$23.34m by 2029.
The average Spend per Employee in the Storage market is projected to reach US$23.59 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 Mauritius has seen a slow growth rate due to factors such as limited infrastructure and low demand for data storage services. However, with increasing digitalization and data-driven business models, the market is expected to pick up pace in the near future.

Customer preferences: As the demand for data storage and processing continues to grow, consumers are increasingly looking for efficient and secure solutions. This has led to a rise in demand for cloud-based storage services, as well as increased interest in edge computing. Additionally, with the rise of remote work and virtual learning, there has been a shift towards remote access and management of data, highlighting the importance of reliable and scalable storage solutions.

Trends in the market: In Mauritius, the Storage Market within the Data Center Market is experiencing a shift towards cloud-based solutions, with more businesses opting for virtual storage services. This trend is driven by the increasing need for remote data access and disaster recovery capabilities. Additionally, there is a growing demand for data center consolidation and optimization, leading to the adoption of storage virtualization techniques. These trends have significant implications for industry stakeholders, as they provide cost-effective and scalable solutions for data storage and management. Moreover, they enable businesses to stay competitive in today's digital landscape.

Local special circumstances: In Mauritius, the Storage Market within the Data Center Market is influenced by the country's small size and limited land availability, leading to a high demand for efficient and compact storage solutions. Additionally, cultural preferences for cloud-based storage and the government's focus on promoting a digital economy have further boosted the market. Moreover, regulatory initiatives, such as the Data Protection Act, have been implemented to ensure data security and privacy, driving the adoption of advanced storage solutions.

Underlying macroeconomic factors: The growth of the Storage Market within the Data Center Market in Mauritius is also influenced by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. As the country continues to modernize its economy, there is a growing need for data storage solutions to support the increasing reliance on digital technologies. Additionally, favorable fiscal policies and a stable economic environment are attracting investments in the data center market, further driving market growth.

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.