Press release
Latin America Data Center Storage Market to Hit $1.7 Billion by 2027. Hard Disk Drive (HDD) Storage Systems Gaining Popularity in the Market - Arizton
According to Arizton's latest research report, the Latin America data center storage market is expected to grow at a CAGR of 7.94% from 2022 to 2027. Modern data center operators mostly adopt storage infrastructure that best matches their workload requirements. The selection of storage infrastructure also depends on factors such as form factors and energy consumption. The market is witnessing significant growth in all-flash storage systems, whereas traditional HDD storage systems are still in demand among several enterprises in the market.Edge data centers, which are being used by cloud and content providers to enable low-latency service consumption are fueling the demand for robust storage systems in countries such as Brazil, Chile, and Mexico.The demand for high-capacity HDDs will increase in the market, where hybrid storage systems will play a vital role in supporting both critical and non-critical workloads as a cost-efficient alternative to all-flash systems.
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Adoption of Software-Defined Storage
In Latin America, the use of software-defined storage is expected to grow as the number and complexity of applications being deployed will grow over time. Currently, the use cases of software-defined storage are minimal in the market, which is expected to grow along with the adoption of hyperconverged platforms/rack-level architecture. It is expected that on-premises deployment in Latin America will include systems with hyperconverged capabilities.
An increase in data generation through the implementation of technologies such as IoT, big data analytics, AI, and machine learning by enterprises will be a strong driving factor for the market. The trend of software-defined storage platforms will also increase in the market. Most service providers, including hyperscale and cloud service providers, will be involved in procuring customized systems that are flexible and scalable in nature.
Key Insights
Over $9 billion will be the cumulative spending on Latin America data center storage during 2022-2027
The spending on All-flash and hybrid arrays accounts for over $6 billion during 2022-2027, growing at a CAGR of around 9% during 2021-2027.
Enterprise spending on all-flash storage has already started to spur in the market to support critical application workloads
Cloud/IT contributes around $5 billion towards storage spending across Latin America during 2022-2027. Cloud/IT segment will be followed by the government and BFSI sectors as digitalization activities intensify in the market
Brazil continues to dominate spending on data center storage systems with around 40% market share. Mexico and Chile's contributions to increase in 2022/2023, whereas other countries' contributions to grow more during 2024-2027.
To know more: https://www.arizton.com/market-reports/latin-america-data-center-server-market
About Arizton:
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals, and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Arizton Advisory and Intelligence
Call: +1-312-235-2040 /+1 302 469 0707
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