What Has Been The Evolution of the Storage Server Market in Recent Years?
The storage server market has seen considerable growth due to a variety of factors.
• The storage server market has grown substantially in recent years. It is projected to expand from $313.9 billion in 2024 to $379.88 billion in 2025, with a CAGR of 21.0%.
The growth is attributed to the rising demand for data storage, increased use of flash storage, the proliferation of digital transformation, the expansion of cloud computing, the growing need for high-performance storage systems, and an increasing demand for servers.
What Are the Future Growth Projections for the Storage Server Market?
The storage server market is expected to maintain its strong growth trajectory in upcoming years.
• The storage server market is expected to experience exponential growth, reaching $804.38 billion by 2029, with a CAGR of 20.6%.
Growth is attributed to the rising use of e-commerce, growing concerns over data security and privacy, demand for personal cloud solutions, hybrid and multi-cloud environments, and increased need for storage. Key trends include advancements in storage technologies, new storage media innovations, AI and machine learning, decentralized data storage, digital transformation, and quantum computing.
What Are The Core Factors Supporting Growth In The Storage Server Market?
The storage server market's expansion is anticipated to be fueled by the increasing use of cloud services. These services encompass a broad spectrum of resources offered via the internet, permitting users to avail computing capabilities and software on demand, eliminating the need for ownership or management of physical servers or infrastructure. Factors such as disaster recovery and business continuity, scalability and flexibility, security and compliance, hybrid and multi-cloud strategies, digital transformation and remote working situations, and assurance of security and compliance are significantly elevating the growth of cloud services. Cloud storage servers provide a reliable, scalable, and cost-efficient solution for businesses to securely save, regulate, and retrieve their data in the cloud. For instance, the European Union reported in December 2023 that a Netherlands-based international organization showed a 4.2 percentage points rise in businesses purchasing cloud computing services in 2023 compared to 2021. Thus, the escalating utilization of cloud services is fueling the storage server market.
What Are The Major Segments Within The Global Storage Server Market?
The storage server market covered in this report is segmented –
1) By Type: Hyperscale Server Storage Area Network (SAN), Enterprise Server Storage Area Network (SAN)
2) By Application: Small And Medium Business, Large Business
3) By End-User: Banking Financial Services And Insurance (BFSI), Energy, Government And Defense, Healthcare, Information Technology (IT) And Telecommunications, Other End-Users
Subsegments:
1) By Hyperscale Server Storage Area Network (SAN): Rack-mounted Hyperscale SAN, Blade Hyperscale SAN, Modular Hyperscale SAN
2) By Enterprise Server Storage Area Network (SAN): Fibre Channel SAN, iSCSI SAN, FCoE SAN
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How Are New Trends Impacting The Size Of The Storage Server Market?
Significant players in the storage server market are capitalizing on artificial intelligence (AI) technologies to gain a market advantage. A typical AI-ready enterprise storage server (ESS) comes laden with advanced features and capabilities to accommodate the complex requirements of AI workloads, including large-scale data processing, model training, and inferencing duties. Case in point, in August 2022, the US-based tech corporation, International Business Machines Corporation, unveiled the Enterprise Storage Server (ESS) 3500. Optimized for AI workloads, the ESS 3500 is a spectrum-scale variant of the enterprise storage server, offering rapid storage for AI in both modeling and training by using multiple storage types, a speedier controller CPU, and the ability to support up to 91 GB/sec sequential read.
Who Are the Key Players In The Storage Server Market?
Major companies operating in the storage server market are:
• Alphabet Inc.
• Microsoft Corporation
• Dell Technologies Inc.
• Huawei Technologies Co. Ltd.
• Hitachi Ltd.
• Amazon Web Services
• Intel Corporation
• International Business Machines Corporation
• Cisco Systems Inc.
• Oracle Corporation
• Wistron Corporation
• Fujitsu Limited
• NVIDIA Corporation
• Hewlett Packard Enterprise Development LP
• Toshiba Corporation
• NEC Corporation
• HCL Technologies Limited
• Wiwynn Corporation
• Super Micro Computer Inc.
• NetApp Inc.
• GIGA-BYTE Technology Co. Ltd.
• Citrix Systems Inc.
• Pure Storage Inc.
• Trend Micro Inc.
• Nutanix Inc.
What Is The Most Dominant Region In The Storage Server Market?
North America was the largest region in the storage server market in 2024. The regions covered in the storage server market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
