Global: storage market revenue 2018-2029

The global revenue in the 'Storage' segment of the data center market was forecast to continuously increase between 2024 and 2029 by in total 41.9 billion U.S. dollars (+70.9 percent). After the tenth consecutive increasing year, the indicator is estimated to reach 100.99 billion U.S. dollars and therefore a new peak in 2029.

Find more in-depth information regarding the average spending per employee on storage concerning the servers segment of the data center market worldwide and the revenue concerning the servers segment of the data center market in Portugal.

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Revenue of the storage market worldwide from 2018 to 2029 (in billion U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

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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