Storage - Sudan

Sudan

Revenue in the Storage market is projected to reach US$36.97m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 15.71%, resulting in a market volume of US$76.69m by 2029.
The average Spend per Employee in the Storage market is projected to reach US$2.60 in 2024.
In global comparison, most revenue will be generated in the United States (US$23,930m in 2024).

Key regions: United Kingdom, Brazil, India, China, Indonesia

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Analyst Opinion

The Data Center Market in Sudan is facing challenges with a negligible decline in growth rate. Factors such as lack of infrastructure and limited adoption of digital technologies are impacting this trend. Despite this, the market continues to offer convenience and accessibility for data storage needs.

Customer preferences: The rise of big data and cloud computing has resulted in a growing demand for storage solutions within the Data Center Market in Sudan. This is further augmented by the increasing adoption of digital technologies and the proliferation of data-driven businesses. As a result, there is a shift towards high-capacity, cost-effective and scalable storage options such as cloud-based storage and flash memory. Additionally, with the country's growing population and urbanization, there is a rise in demand for data storage solutions that cater to diverse consumer preferences and lifestyle needs.

Trends in the market: In Sudan, the Storage Market within the Data Center Market is experiencing a rising demand for cloud storage solutions as more companies migrate to the cloud. This trend is driven by the need for cost-effective and scalable storage solutions. Additionally, there is a growing emphasis on data security and compliance, leading to an increased adoption of data encryption and backup services. These trends are significant as they provide opportunities for data center service providers to offer specialized storage solutions and value-added services. However, they also pose challenges in terms of infrastructure and skilled workforce. Industry stakeholders must stay updated with these trends to remain competitive in the market.

Local special circumstances: In Sudan, the Storage Market within the Data Center Market is influenced by unique factors such as limited access to reliable electricity and internet infrastructure. This creates a demand for energy-efficient and cost-effective storage solutions. Additionally, the country's regulatory environment presents challenges for data storage and security, leading to a growing demand for local data centers. These factors, coupled with the country's increasing digitalization, are driving the growth of the Storage Market within the Data Center Market in Sudan.

Underlying macroeconomic factors: The Storage Market within the Data Center Market in Sudan is heavily influenced by macroeconomic factors such as the country's overall economic health, government policies, and global economic trends. As Sudan continues to recover from political instability and economic challenges, the growth of the storage market may be hindered. However, the increasing demand for data storage solutions in various industries, coupled with government efforts to improve digital infrastructure, may create opportunities for market growth. Additionally, the country's young and tech-savvy population, coupled with increasing internet penetration, could drive the demand for data storage in Sudan.

Methodology

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.