Enterprise Data Storage Market to Grow by USD 12.5 Billion from 2025-2029, Driven by Cloud App Adoption, Report on How AI is Driving Market Transformation - Technavio

NEW YORK, Feb. 14, 2025 /PRNewswire/ -- Report with the AI impact on market trends - The enterprise data storage market and it is set to grow by USD 12.5 billion from 2025 to 2029. However, the growth momentum will progressing at a CAGR of 4.5% during the forecast period, according to Technavio. The enterprise data storage market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.  Broadcom Inc., Commvault Systems Inc., DataDirect Networks Inc., Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Technologies Co. Ltd., Infinidat Ltd., Inspur Group., International Business Machines Corp., Lenovo Group Ltd., NetApp Inc., Nutanix Inc., Oracle Corp., Pure Storage Inc., Seagate Technology LLC, Veritas Technologies LLC, Western Digital Corp., and Zadara Inc. Are some of the major market participants -. To know about the vendor offerings - Request a sample report

Enterprise Data Storage Market 2025-2029: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The enterprise data storage market report covers the following areas:

• Enterprise Data Storage Market Size
• Enterprise Data Storage Market Trends
• Enterprise Data Storage Market Industry Analysis
• Porter's Five Forces Analysis
• Customer Landscape

The enterprise data storage market is fragmented, and the degree of fragmentation will accelerate. The increased adoption of cloud applications will offer immense growth opportunities. However, the High operating expenses for vendors will hamper the market growth

Enterprise Data Storage Market 2025-2029: Drivers & Challenges

The Enterprise Data Storage Market is experiencing significant growth due to several key drivers. Businesses are increasingly turning to cloud storage services for cost-effective, flexible data placement and tiering. Cyberattacks, including ransomware, have heightened the need for data security systems, immutable snapshots, encryption, and ransomware detection. Digital transformation initiatives, IoT, 5G networks, and data analytics require large amounts of data storage. Mobile storage solutions and cloud-based storage solutions offer accessible, centralized sources for business information. Traditional storage systems like Hard Disk Drives and Solid State Drives, as well as newer technologies like Hybrid storage, Storage Area Networks, Network-Attached Storage, Direct-Attached Storage, Object storage systems, and Tape storage systems, are all in demand. On-premise and hybrid storage solutions cater to the financial sector's data protection and data management needs. Fault-tolerant, resolution-oriented platforms and support for computer systems are essential for businesses seeking a reliable, accessible storage option. Cloud computing services and cloud-based solutions offer convenient, convenient, and cost-effective alternatives to conventional storage systems.

Big enterprises face numerous challenges in managing their growing business-related information. The storage of digital data has become a critical aspect of IT infrastructure, with various storage mechanisms like storage systems, SAN, NAS, DAS, networked appliances, and storage drives. Durability and scalability are essential for these storage subsystems to handle large workloads and unstructured data. Redundancy, logical storage containers, and disaster recovery and backup restoration functions are crucial for data protection. Centralized remote support and administration simplify management. Big data analytics require scalable and distributed storage solutions. Challenges include cabling and connectivity for SAN and networking, operating platforms, and integration with AI, ML, and 5G communication infrastructure. Data security is paramount, especially for IT systems and telecommunication, healthcare, and manufacturing industries. Software manufacturers offer solutions for various storage needs, including hyper-converged storage and cloud storage. Agile and durable storage mechanisms are essential for handling the ever-evolving IT landscape.

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This enterprise data storage market report extensively covers market segmentation by  

• Solution
• SAN
• NAS
• DAS
• Type
• Storage
• Backup
• Others
• Geography
• North America
• Europe
• APAC
• South America
• Middle East And Africa

1.1 SAN-  A Storage Area Network (SAN) is a dedicated high-speed network that connects enterprise storage devices to multiple servers. It moves data from the common user network and organizes it into an independent, high-speed network, allowing each server to access storage devices and control their volumes. SANs are a type of Local Area Network (LAN) designed for handling large data volumes. They support data storage, retrieval, and replication using high-end servers and multiple disk arrays. Vendors like Dell Technologies, Hewlett Packard Enterprise, and IBM offer SAN solutions, including FC and iSCSI. SANs provide benefits such as storage virtualization, high-speed disk technologies, and dynamic failover protection. SANs improve storage management and fault tolerance, fueling the use of AI and real-time analytics for optimizing IT operations. SANs come in three types: Virtual SAN, Unified SAN, and Converged SAN. The advantages of SANs, including storage virtualization and high-speed disk technologies, are expected to drive the growth of the global enterprise storage market during the forecast period.

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Enterprise Data Storage Market 2025-2029: Key Highlights

• CAGR of the market during the forecast period 2025-2029
• Detailed information on factors that will assist enterprise data storage market growth during the next five years
• Estimation of the enterprise data storage market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the enterprise data storage market across North America, Europe, APAC, South America, and Middle East and Africa
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of enterprise data storage market vendors

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio