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Revenue in the Storage market is projected to reach US$1.45bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.49%, resulting in a market volume of US$2.17bn by 2029.
The average Spend per Employee in the Storage market is projected to reach US$44.96 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.

For more information on the data displayed, use the info button right next to the boxes.

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 Data Center Storage Market in France is facing a negligible decline in growth rate due to factors such as increasing competition, rising costs, and slower adoption of new technologies. However, the convenience and efficiency offered by online storage services continue to drive market growth.

Customer preferences: There has been a notable increase in demand for storage solutions that cater to the growing data needs of businesses in France. This can be attributed to the rise of cloud-based services and the need for secure and scalable data storage options. Additionally, there is a growing trend towards sustainable data storage solutions, as businesses are becoming more conscious of their environmental impact. This has led to an increase in the adoption of energy-efficient and environmentally friendly storage solutions within the Data Center Market.

Trends in the market: In France, the Storage Market within the Data Center Market is experiencing a shift towards cloud-based storage solutions. This trend is driven by the increasing demand for data storage and management, as well as the need for cost-effective and scalable solutions. Additionally, there is a growing focus on data security and compliance, leading to the adoption of advanced storage technologies. These developments are significant for industry stakeholders as they provide opportunities for growth and innovation. However, it also poses challenges in terms of data privacy and management. With the rise of big data and the Internet of Things, the demand for storage solutions is expected to continue to grow in the coming years. This presents a potential for companies to offer more specialized and tailored solutions to meet the diverse needs of their clients.

Local special circumstances: In France, the Storage Market within the Data Center Market is heavily influenced by the country's strict data privacy laws and regulations. The General Data Protection Regulation (GDPR) has significantly impacted how data is stored and managed, leading to increased demand for secure and compliant storage solutions. Additionally, France's abundant renewable energy sources and focus on sustainability have led to the emergence of green data centers, driving the growth of the storage market.

Underlying macroeconomic factors: The growth of the Storage Market within the Data Center Market in France is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. Countries with strong government support for data center development and favorable regulatory environments are experiencing faster market growth compared to regions with regulatory challenges and limited investment in digital infrastructure. Additionally, the rising demand for data storage and processing capabilities due to the growth of digitalization and e-commerce is driving the need for advanced storage solutions in the country.

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.