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 get help with additional Data Storage industry market research here.
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.
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.
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. Find more information about T4's services here.Schedule a Demo