Storage - Uzbekistan | Statista Market Forecast

Revenue in the Storage market is projected to reach US$62.47m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.67%, resulting in a market volume of US$135.00m by 2029.
The average Spend per Employee in the Storage market is projected to reach US$4.31 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 the Uzbekistan Data Center Market is experiencing minimal growth due to factors such as limited digital infrastructure and low technology adoption. However, with increasing awareness and investments, the market is expected to slowly but steadily grow in the coming years.

Customer preferences: With the rapid growth of data center market in Uzbekistan, there has been a notable increase in demand for storage solutions that cater to specific industry needs. This trend is driven by the country's evolving business landscape and the growing need for efficient data management. Additionally, there is a shift towards cloud-based storage solutions, as businesses look for cost-effective and scalable options to store and manage their data. This is influenced by the increasing adoption of digital technologies and the need for remote access to data.

Trends in the market: In Uzbekistan, the Data Center Market is experiencing a rise in demand for storage solutions, driven by the increasing adoption of cloud computing and big data analytics. This trend is expected to continue as businesses and organizations in the country recognize the benefits of data storage and management in driving innovation and efficiency. As a result, industry stakeholders are investing in advanced storage technologies and solutions to meet this demand. This trend is significant as it highlights the country's efforts to embrace digital transformation and its potential to drive economic growth. However, it also presents challenges for data center operators, who must continuously upgrade their infrastructure to keep up with the evolving storage needs of their clients.

Local special circumstances: In Uzbekistan, the Storage Market within the Data Center Market is influenced by the country's geographical location, with its strategic position between Europe and Asia. This has led to an increase in demand for data storage and processing services, especially from neighboring countries. Additionally, the government's efforts to modernize the country's IT infrastructure have created a favorable environment for the growth of the data center market. Furthermore, Uzbekistan's cultural emphasis on education and innovation has led to a highly skilled workforce, making it an attractive destination for data center investments.

Underlying macroeconomic factors: The Storage Market within the Data Center Market in Uzbekistan is greatly impacted by macroeconomic factors such as the overall economic health of the country, government policies and regulations, and global economic trends. Countries with stable economic conditions and supportive regulatory environments tend to experience faster growth in the data center market. The increasing demand for digital data storage and the growing reliance on cloud computing technologies are also driving the growth of the Storage Market in Uzbekistan. Additionally, the country's investment in infrastructure development and digitalization initiatives is further fueling the demand for data center storage solutions.

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.