Data Storage Market Share

Data Storage Market Share

About the Data Storage Industry

An enterprise storage system is a centralized depository where business data and information are stored for a period of time depending on the requirements of an organization. The stored information can serve as a backup in case of any disaster or system failure. Enterprise storage includes hard disk drives (HDD) and solid-state drive (SSD) devices that are commonly used in storage area network (SAN), network attached storage (NAS), and direct attached storage (DAS) environments. An enterprise storage system offers benefits such as data sharing, disaster recovery, and high accessibility, restoration functions, and reliable and efficient backup, as well as remote support and centralized administration. Enterprise storage has come a long way in the last 60 years, but data explosion, due to IoT, AI, and social media has completely transformed storage requirements. Data Storage Market Share is highly concentrated among Dell, NetApp, and HP. You can find Data Storage Market Size, Data Storage Market Share, and other trends and statistics below and you can learn more about T4's strategy consulting services here.

Worldwide Storage Sales ($), 2015-2026

Data Storage Market Size

The chart shows the Data Storage Market Size from 2015 to 2026. In 2019, the size of the Data Storage Industry was $48B and is projected to grow 4% in 2020. From 2015 to 2026 the Data Storage Industry growth is projected to average 3% per year. The top 4 vendors own over 50% of Data Storage Market Share. These estimates were made before the Coronavirus (COVID-19) pandemic. The short term impact of COVID-19 on the Data Storage market growth will likely be High because overall spending on IT infrastructure will decrease as companies temporarily shut down and employees are laid off or furloughed. The probable scenario assumes a broad negative impact starting in China and spreading into other regions before slowing toward the end of the year. Elements of the impact include changing demand expectations from various groups of IT buyers, supply chain shortages and logistical delays, short-term component price increases, and a suppressed economic and social climate. The long term impact of COVID-19 on the Data Storage market growth beyond the COVID-19 pandemic will likely be Medium because facing economic uncertainty, many businesses are being forced to consider more expedited adoption of cloud services to fulfill their compute and storage needs. This spike in demand put unplanned pressure on the IT infrastructure in cloud service provider data centers leading to the growing demand for servers and system components. As a result, the IT Infrastructure market has two submarkets going in different directions: decreasing demand from enterprise buyers and increasing demand from cloud service providers. Request help with obtaining the source for this data and learn more about T4's strategy consulting services here.

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Worldwide Storage System Market Share ($) by Vendor 2018
Data Storage Market Share

The chart shows Data Storage Market Share in 2018. The Data Storage Market is Concentrated among a few vendors. The leading Vendor in the Data Storage Industry was Dell EMC with 27% market share in 2018, followed by NetApp with 12.1% Data Storage market share, HP with 8.7% Data Storage market share, IBM with 7.4%, Huawei with 4.9%, Hitachi with 4%, Oracle with 3.3%, and Other with 32.5%. Get help with market research for the Data Storage market, including the source for this Data Storage Market Share chart and learn more about T4's strategy consulting services here.

Growth Drivers

The global enterprise storage market is witnessing growth due to factors such as the increasing need to store large amounts of data among enterprises and growing advancements in enterprise storage systems and devices. The key drivers for this market include the emergence of private and public cloud storage infrastructures, huge volumes of data, and the rise of mobile as well as virtualized applications. The emergence of such innovative applications is also expected to lead to a wider awareness and thus adoption of newer technologies and tools. Storage systems provide cost efficient solutions with high reliability, performance, and energy savings. The key challenges for this industry include the need for the development of an alternate cost-effective storage mechanism that helps to store dormant data and a need for a storage solution that can cater to a maximized number of end users efficiently.

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Data Storage Industry Competitor and Products

Data Storage is a Mature market composed of a few large competitors and many small competitors. Dell EMC market share was 27.1% of the Data Storage market in 2018. Dell EMC holds the leading position with more than 70% of the revenue accounted for hardware, followed by services and then by software. NetApp’s Data Storage market share was 12.1% in 2018. NetApp accounts for 62% of the revenue from hardware, followed by services and then by software. HP’s Data Storage market share was 8.7% in 2018. HP accounts 88% of the revenue from hardware, followed by software and then by services. IBM market share was 7.4% of the Data Storage market in 2018. IBM accounts 91% of the revenue from hardware, followed by software and then by services.

What Additional Data Storage Industry Data Does T4 Have?

T4's research team can help you learn more about the Data Storage industry with market analysis, competitive analysis, commercial Due Diligence, and other market research needs. This includes deeper analysis on competitors in the Data Storage market, including: Dell EMC, NetApp, HP, IBM, Huawei, Hitachi, Oracle, Toshiba, Sony, Micron, Texas Instruments; research into related topics such as Storage Systems, Enterprise Storage, Scale-Out Storage Solutions, (NAS) Network Attached Storage, (PBBA) Purpose Built Backup Appliance, (SSD) Solid State Drives, (AFA) All Flash Array, Disk Arrays; or additional support in the Storage, Storage Software, Storage Hardware, Storage Services, Storage Systems Sector or other Sectors. Learn more about T4's strategy consulting services here.