The global storage data center market is expected to grow with a CAGR of 7.6% from 2023 to 2028

According to a market report by Lucintel, the future of the global storage data center market looks promising with opportunities in the IT & telecommunications, BFSI, government, and healthcare applications. The global storage data center market is expected to reach an estimated $63.4 billion by 2028 with a CAGR of 7.6% from 2023 to 2028. The major drivers for this market are emergence of green data centers, rising adoption of IoT based technologies, and constant improvement of the IT infrastructure in developing nations.

In this market, storage area network (SAN) system, network-attached storage (NAS) system, and direct-attached storage (DAS) system are the major segments of global storage data center market by type. Lucintel forecasts that SAN will remain the highest growing segment over the forecast period due to its widespread user adoption for maintaining and accessing vast amounts of data or information.

Within this market, BFSI will remain the largest segment due to increasing inclination towards digitalized financial services and growing concern over the security of financial data.

North America will remain the largest region over the forecast period due to growing demand for cloud computing services and increasing consumer and business-driven data traffic in the region.

Dell Technologies, IBM, Buffalo, Hewlett Packard Enterprise, FADU, and Huawei Technologies are the major suppliers in the global storage data center market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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