Storage - Spain | Statista Market Forecast

Revenue in the Storage market is projected to reach US$345.20m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.81%, resulting in a market volume of US$551.10m by 2029.
The average Spend per Employee in the Storage market is projected to reach US$14.07 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

In Spain, the Data Center Storage Market is facing a minimal decline in growth rate due to factors such as economic uncertainty and saturation in the market. Despite this, the market is still driven by increasing demand for digital storage solutions and the convenience they offer.

Customer preferences: With the rapid growth of cloud computing and the increasing adoption of data-intensive technologies such as artificial intelligence and Internet of Things, there has been a rising demand for data storage solutions in the data center market in Spain. This trend is fueled by the country's growing digital economy and the need for efficient data management and processing. Furthermore, the shift towards hybrid and multi-cloud environments is driving the demand for flexible and scalable storage solutions, as businesses seek to optimize their data center operations and reduce costs.

Trends in the market: In Spain, the Storage Market within the Data Center Market is experiencing a rise in demand for cloud storage solutions, as companies shift towards virtualization and remote working. This trend is expected to continue, with an increasing focus on data security and compliance. Additionally, the adoption of edge computing is gaining momentum, as it allows for faster data processing and reduced latency. These developments have significant implications for industry stakeholders, as they must adapt to meet the changing needs of their customers and stay competitive in the market.

Local special circumstances: In Spain, the Storage Market within the Data Center Market is heavily influenced by the country's geographical location and its strong tech sector. The demand for data storage and management solutions is driven by the increasing adoption of cloud computing and the rise of IoT devices. Additionally, the government's focus on data protection and privacy regulations has created a unique regulatory landscape that impacts market dynamics. Furthermore, Spain's cultural emphasis on connectivity and digitization has led to a strong demand for efficient data storage solutions, creating a lucrative market for data center providers.

Underlying macroeconomic factors: The growth of the Storage Market within the Data Center Market in Spain is influenced by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. Spain's strong economy and favorable regulatory environment are contributing to the growth of the data center market, as the country continues to invest in digital transformation and data center infrastructure. Additionally, the increasing adoption of cloud computing and the demand for data storage solutions from various industries, such as healthcare, finance, and retail, are also driving the growth of the storage market within the data center market in Spain.

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.