The global storage systems market is estimated to be valued at USD 67.9 Bn in 2025 and is expected to reach USD 130.4 Bn by 2032, growing at a compound annual growth rate (CAGR) of 9.8% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 67.9 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
9.80%
2032 Value Projection:
USD 130.4 Bn
Figure. Storage Systems Market Share (%), By Region, 2025
The global storage systems market has been growing steadily over the past few years. Storage systems refer to hardware infrastructure used by enterprises, data centers and individuals to store data for various end-use applications. Rapid digitization across industries has led to exponential growth in the volume of data generated worldwide. This has necessitated deploying efficient storage solutions to handle such large amounts of data securely and cost-effectively. Additionally, the rise of cutting-edge technologies such as artificial intelligence, machine learning, 5G, edge computing and blockchain is fueling demand for scalable, high-performance storage infrastructure. With data projected to continue proliferating over the coming years, the global storage systems industry is anticipated to experience significant expansion.
Market Dynamics:
Proliferation of digital data across industries has been a key growth driver for the global storage systems market. The rising adoption of cloud computing, IT infrastructure modernization and demand for big data analytics solutions have also boosted demand. Furthermore, factors such as increasing investments by data centers to enhance storage capacities, growing popularity of hyperconverged and software-defined storage, and emergence of high-speed networking technologies are creating lucrative opportunities. However, high initial investment requirements and maintenance costs associated with storage systems pose challenges. Stringent regulatory protocols regarding data security and privacy are also restraining market growth. Innovation in storage technologies including cloud-based, all-flash and software-defined solutions are expected to present attractive prospects in the coming years.
Key features of the study:
This report provides in-depth analysis of the global storage systems market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global storage systems market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include (Dell Technologies, Hewlett Packard Enterprise, Huawei Technologies, Hitachi, EMC Corporation, NetApp)
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global storage systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global storage systems market.
Market Segmentation
Deployment Insights (Revenue, USD, 2020 - 2032)
On-premises
Cloud
Storage System Insights (Revenue, USD, 2020 - 2032)
Direct Attached Storage (DAS)
Network Attached Storage (NAS)
Storage Area Network (SAN)
Application Insights (Revenue, USD, 2020 - 2032)
BFSI
IT and Telecom
Media and Entertainment
Automotive
Government and Public sector
Others
Regional Insights (Revenue, USD, 2020 - 2032)
North America
U.S.
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
GCC Countries
Israel
Rest of Middle East
Africa
South Africa
North Africa
Central Africa
Key Players Insights
Cisco Systems, Inc.
Dell Technologies
EMC Corporation (now part of Dell Technologies)
Hewlett Packard Enterprise (HPE)
Hitachi Vantara
IBM Corporation
Kingston Technology
Microsoft Corporation (Azure Storage)
NetApp, Inc.
Oracle Corporation
Pure Storage, Inc.
Samsung Electronics
Seagate Technology
Toshiba Corporation
Western Digital Corporation
Table of Contents
1. RESEARCH OBJECTIVES AND ASSUMPTIONS
Research Objectives
Assumptions
Abbreviations
2. MARKET PURVIEW
Report Description
Market Definition and Scope
Executive Summary
Global Storage Systems Market, By Deployment
Global Storage Systems Market, By Storage System
Global Storage Systems Market, By Application
3. MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends
4. Global Storage Systems Market, By Deployment, 2025-2032, (USD)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
On-premises
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Cloud
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
5. Global Storage Systems Market, By Storage System, 2025-2032, (USD)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Direct Attached Storage (DAS)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Network Attached Storage (NAS)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Storage Area Network (SAN)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
6. Global Storage Systems Market, By Application, 2025-2032, (USD)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
BFSI
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
IT and Telecom
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Media and Entertainment
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Automotive
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Government and Public sector
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
7. Global Storage Systems Market, By Region, 2020 - 2032, Value (USD)
Introduction
Market Share (%) Analysis, 2025,2028 & 2032, Value (USD)
Market Y-o-Y Growth Analysis (%), 2020 - 2032, Value (USD)
Regional Trends
North America
Introduction
Market Size and Forecast, By Deployment , 2020 - 2032, Value (USD)
Market Size and Forecast, By Storage System , 2020 - 2032, Value (USD)
Market Size and Forecast, By Application , 2020 - 2032, Value (USD)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Deployment , 2020 - 2032, Value (USD)
Market Size and Forecast, By Storage System , 2020 - 2032, Value (USD)
Market Size and Forecast, By Application , 2020 - 2032, Value (USD)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Deployment , 2020 - 2032, Value (USD)
Market Size and Forecast, By Storage System , 2020 - 2032, Value (USD)
Market Size and Forecast, By Application , 2020 - 2032, Value (USD)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Deployment , 2020 - 2032, Value (USD)
Market Size and Forecast, By Storage System , 2020 - 2032, Value (USD)
Market Size and Forecast, By Application , 2020 - 2032, Value (USD)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, By Deployment , 2020 - 2032, Value (USD)
Market Size and Forecast, By Storage System , 2020 - 2032, Value (USD)
Market Size and Forecast, By Application , 2020 - 2032, Value (USD)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, By Deployment , 2020 - 2032, Value (USD)
Market Size and Forecast, By Storage System , 2020 - 2032, Value (USD)
Market Size and Forecast, By Application , 2020 - 2032, Value (USD)