Global Data Center Storage Market To Reach Approx. US$48.6 Billion in 2021 At A CAGR Of 14%

BANGALORE, India - Oct. 10, 2016 - PRLog -- A recent report published at Beige Market Intelligence on "Global Data Center Storage Market – Strategic Assessment and Forecast Till 2021" gives an in- depth analysis of the market sizing and growth forecast of global data center storage market.

Data Center Storage Market

The growth of data center storage market worldwide is very interesting because, it is not only growing but also witnessing paradigm shift in segment and sub segment.

"The data center storage is expected to account almost 42% market share. This leads the data center storage market to witness a huge growth at a CAGR of almost 14.4% during the forecast period 2015-2021." Say the analysts at Beige Market Intelligence.

The growth of data center storage market is from both demand as well as supply side.

Demand:Increasing internet penetration, multiple devices for professional and personnel uses have led to the growth of exponential growth of data. These unstructured data lead to the opportunities business organization to store and analyses several advanced techniques such as Big Data analysis for their business process. In addition, the regulatory requirement to keep data by enterprises for longer period of time led to enhance the size of the data center storage.  These factors have increased the demand for efficient storage infrastructure to store and process data in data center.

Supply:There are several innovations being carried out by the vendors to address the storage challenges such as security, power consumptions by the devices, processing, scalability, and compatibility among different vendor's data center equipment. For instance, use of hybrid storage, FC SAN has almost solved the above mentioned issues. Moreover, increasing competition among vendors have reduced the cost per TB storage for SAN.

Due to this dual demand and supply growth, the data center storage market is expected to witness a steady growth during the period 2016-2021. The market is expected to reach almost US$48.6 billion in 2021 at a CAGR of 14.4%.

Most of the growth is expected to come from the SAN followed by the NAS segment. DAS will be declining significantly. DAS may not withstand the shift toward SAN and NAS and succumbed to reduce a minimal market of mere few million by 2019-2020 and may not exist by 2021. This is because, the innovations in SAN and NAS, and the requirement of quick processing has led to make DAS an obsolete technology.

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Data Center Storage segment is expected to account for almost 42% market share followed by Server segment with 41.9% market share.

Investment of data center IT equipment is expected to increase from US$70.4 billion in 2015 to almost US$115.8 billion in 2021 at a CAGR of almost 8.6%. This investment is segmented in 3 major categories as Network, Storage and Servers. Servers, accounts for almost 50% total revenue in 2015. The server market as well as Network market will increase, however, the rate of investment will be led by the storage equipment investment. In 2021, storage is expected to account for almost 42% market share followed by Server with 41.9% market share. This significant transition is because of the following reasons:

·         The server market is moving  through the increased adoption of blade and micro servers, which occupies much less space than the traditional data centers. Hence, if a rack will be considering, then average server has reduced from 8U-10U to almost 3U-4U. This additional rack U have been added by storage units.

·         Until and unless it is a real-time application, in which additional server is required for the growth of data, the data center owners don't add servers with addition of data. Hence, growth of data lead to more storage hardware requirement than a server requirement. For instance, in BFSI if a server is for an application to retrieve the users accounts details, then every day a new storage equipment will be required to store data for that day which will link to the same server.

·         Average Life span of server is almost 4-5 years, whereas irrespective of average life of storage devices, the requirement of new storage hardware enhance the number of storage devices sales.

The Data Center Storage market is mostly dominated by almost 25-30 players who accounts for almost 90-92%. However, top 6 companies accounts for almost 81.8%. These dominations of the top 6 has been for since 2012. However, after the acquisition of EMC by Dell, few significant changes can be expected till 2017.

To know more, view the report abstract:

http://www.beigemarketintelligence.com/reports/research-report-ict-market/data-center-storage-market-strategic-assessment-and-forecast-till-2021/

About Beige Market Intelligence:

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