Storage - New Zealand | Statista Market Forecast

Revenue in the Storage market is projected to reach US$172.20m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.74%, resulting in a market volume of US$250.00m by 2029.
The average Spend per Employee in the Storage market is projected to reach US$57.84 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 New Zealand is facing a negligible decline in growth rate, impacted by factors such as limited storage options and slow adoption of digital technologies. Despite rising health awareness and convenience of online services, the market struggles to keep up with global trends.

Customer preferences: As more businesses and individuals rely on cloud-based services for storage and data management, there has been a growing trend towards hyperconverged infrastructure (HCI) solutions. This is driven by the need for efficient and scalable storage options, as well as the desire for cost savings and simplified management. Additionally, with the increasing focus on data security and privacy, there has been a rise in demand for storage solutions that offer advanced encryption and protection measures.

Trends in the market: In New Zealand, the Storage Market within the Data Center Market is experiencing a rise in demand for cloud-based storage solutions, driven by the increasing adoption of digital transformation by businesses. This trend is expected to continue as more organizations shift towards a hybrid or multi-cloud approach. This shift is significant as it allows for greater flexibility and scalability, while also reducing costs. It also presents opportunities for data center providers to offer storage-as-a-service solutions. However, this trend may also lead to concerns around data privacy and security, requiring stakeholders to prioritize robust security measures.

Local special circumstances: In New Zealand, the Storage Market within the Data Center Market is influenced by the country's unique geographical location. Due to its isolated position, New Zealand has limited connectivity to other markets, resulting in a higher cost for data storage and management. Additionally, the country's strong focus on sustainability and green energy has led to the adoption of renewable energy sources in data centers, making it an attractive location for eco-friendly data storage solutions. Moreover, the government's strict data privacy regulations have fostered a culture of trust and security, boosting the demand for secure storage solutions in the market.

Underlying macroeconomic factors: The growth of the Storage Market within the Data Center Market is influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. Countries with favorable regulatory environments and strong investment in digital technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for data storage and processing capabilities, driven by the rise of digitalization and the adoption of cloud services, is fueling the growth of the storage market in New Zealand.

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.