Storage - Slovenia | Statista Market Forecast

Revenue in the Storage market is projected to reach US$19.72m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.83%, resulting in a market volume of US$31.52m by 2029.
The average Spend per Employee in the Storage market is projected to reach US$18.30 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 in Slovenia's data center market is facing a negligible decline in growth rate. This can be attributed to factors such as saturation in the market, increasing competition, and slow adoption of digital technologies by businesses. However, with the convenience offered by online storage services and growing awareness of data security, the market is expected to gradually pick up pace in the coming years.

Customer preferences: The growing demand for cloud-based services and the rise of the Internet of Things (IoT) have led to a significant increase in data generation, creating a need for efficient and secure data storage solutions. This has resulted in a shift towards software-defined storage and hyperconverged infrastructure, as businesses look for more flexible and scalable options to manage their data. Additionally, the increasing adoption of edge computing and the emergence of 5G technology are expected to drive the demand for storage solutions that can handle large amounts of data at the edge.

Trends in the market: In Slovenia, the Storage Market within the Data Center Market is experiencing a trend towards cloud-based storage solutions. This is driven by the increasing demand for cost-effective and scalable storage options. Additionally, there is a growing focus on data security, leading to the adoption of advanced encryption and authentication methods. These trends are significant as they offer businesses greater flexibility and data protection. However, they also pose challenges for industry stakeholders, such as ensuring data compliance and managing the complexity of hybrid storage environments.

Local special circumstances: In Slovenia, the Storage Market within the Data Center Market is influenced by the country's location at the intersection of major European trade routes. This makes it a strategic location for data storage and distribution, especially for businesses operating in Central and Eastern Europe. Additionally, the country's strict data protection laws and favorable tax policies make it an attractive destination for international data centers. These factors, combined with Slovenia's growing digital economy, drive the demand for storage solutions in the country.

Underlying macroeconomic factors: The Storage Market within the Data Center Market in Slovenia is heavily influenced by macroeconomic factors such as technological advancements, government regulations, and national economic health. Countries with strong investment in digital infrastructure and favorable regulatory environments are experiencing faster market growth compared to regions with limited funding and regulatory challenges. The increasing demand for data storage solutions, driven by the rising volume of digital data and the growing need for efficient data management, is also contributing to the growth of the Storage Market within the Data Center Market in Slovenia.

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.