openPR Logo
Press release

Hardware Storage Market Size, Share, Outlook And Analysis 2024-2033

07-04-2024 11:51 AM CET | IT, New Media & Software

Press release from: The Business research company

Hardware Storage Market Size

Hardware Storage Market Size

"The new report published by The Business Research Company, titled ""Hardware Storage Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the hardware storage market size has grown rapidly in recent years. It will grow from $81.92 billion in 2023 to $91.86 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The hardware storage market size is expected to see rapid growth in the next few years. It will grow to $146.33 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=14924&type=smp

The Role Of Digital Data Expansion In Driving Hardware Storage Market Growth
The growing demand for large volumes of digital data is expected to propel the growth of the hardware storage market going forward. Digital data refers to information encoded in binary format, typically represented as sequences of ones and zeros, which can be processed and stored by computers. The volume of digital data is on the rise due to the increasing need for insights, innovation, and decision-making in various sectors. Hardware storage solutions offer scalability and expandability to accommodate increasing storage requirements. These solutions also provide high-capacity storage solutions capable of storing terabytes or even petabytes of data. For instance, in December 2022, according to a report published by the Linux Foundation, a US-based non-profit consortium, an average end-user organization with a storage capacity of up to 20 petabytes experienced annual data growth of 566 TB in 2021 and 1,746 TB in 2022. Similarly, annual data growth for organizations with a storage capacity of up to 25 petabytes reached a significant 2,208 TB in 2022, three times more than in 2021 (700 TB). Therefore, the growing demand for large volumes of digital data is driving the growth of the hardware storage market.

Advancements In Industrial-Grade Solid-State Drive Technology
Major companies operating in the hardware storage market are focused on developing advanced solutions, such as industrial-grade solid-state drives, to gain a competitive edge in the market.  Industrial-grade solid-state drives are used in hardware storage solutions to improve the demanding requirements of industrial applications. They offer high reliability, durability, and performance in harsh environments. For instance, in September 2023, Solid State Storage Technology Corporation, a Taiwan-based solid-state drive and flash memory company, launched the CL6 series, the world's first industrial-grade SSD (solid-state drives). This series provides a more dependable and efficient storage experience by supporting fully developed host memory buffer (HMB) technology, which outperforms DRAM-less SSDs in terms of performance. With SLC caching, sequential read speeds of up to 6,000 MB/s and sequential write speeds of up to 5,300 MB/s are achievable. The CL6 series is available in the popular M.2 2280 format, as well as M.2 2242 and M.2 2230, to meet the varying storage requirements of different applications, with a maximum capacity of up to 2TB.

The hardware storage market covered in this report is segmented -

1) By Storage Architecture: File, Object-based Storage, Block Storage
2) By Storage System: Network Attached Storage (NAS), Direct Attached Storage (DAS), Storage Area Network (SAN)
3) By Storage Medium: Solid-state Drive (SSD), Hard Disk Drive (HDD), Tape, Other Storage Mediums
4) By End Users: Enterprise, Government, Cloud Service Providers, Telecommunication, Other End Users

Buy Now & Get Exclusive Discount on this Report, Checkout link @ https://www.thebusinessresearchcompany.com/Discount?id=14924&type=discount

Major companies operating in the hardware storage market are Samsung Electronics Co. Ltd., Dell Technologies Inc., Huawei Technologies Co. Ltd., Lenovo Group Limited, International Business Machines Corporation, Cisco Systems Inc., Oracle Systems Corporation, Fuji Electric Co. Ltd., Micron Technology Inc., Hewlett Packard Enterprise Company, Tokyo Shibaura Electric Co. Ltd., Nippon Electric Company Ltd., Western Digital Corporation, Kingston Technology Company Inc., Seagate Technology Holdings plc, NetApp Inc., Supermicro Computer Inc., Marvell Technology Group Ltd., Hitachi Ltd., Pure Storage Inc., Nutanix Inc., GlassBridge Enterprises Inc., Quantum Corporation Ltd., Inspur software Co. Ltd., Synology Inc.

Contents of the report:
1. Executive Summary
2. Hardware Storage Market Report Structure
3. Hardware Storage Market Trends And Strategies
4. Hardware Storage Market - Macro Economic Scenario
5. Hardware Storage Market Size And Growth
…..
27. Hardware Storage Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/hardware-storage-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

"Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide."

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Hardware Storage Market Size, Share, Outlook And Analysis 2024-2033 here

News-ID: 3565705 • Views:

More Releases from The Business research company

Company Registration Service Market Landscape 2025: Forecast Data and Growth Strategy Insights
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Company Registration Service Market Through 2025? The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecasts, and Growth Drivers
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025? In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market in 2025: Advancement In Digital Insurance Platforms Transforms Small And Medium Enterprises Coverage With Integrated, Data-Driven Solutions
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025? The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due To Rising Environmental Monitoring Requirements: Strengthening the Growth Trajectory of the Combustion Emissions Analyzer Market
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025? In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth

All 5 Releases


More Releases for Storage

Vehicle Storage Unit Market Size, Trends 2031 By Key Players- U-Haul, CubeSmart, …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲: According to Verified Market Reports analysis, the global Vehicle Storage Unit Market size was valued at USD 13.64 Billion in 2023 and is projected to reach USD 22.85 Billion by 2030, growing at a CAGR of 5.90% during the forecasted period 2024 to 2031. What is the current outlook for the Vehicle Storage Unit Market, and how is it projected to grow? The Vehicle Storage Unit Market is experiencing robust growth
Business Storage Market | Access Self Storage, Big Yellow Self Storage Company, …
The global business storage market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the business storage market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants. From the perspective of market dynamics, this report explores the factors driving the growth of the
2023 Business Storage Market Revenue and Future Demands- CubeSmart, Public Stora …
The Business Storage market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status with development
Household Storage Market 2022 by Keyplayers and Vendors:Ward North American, Eas …
The Global Household Storage Market: 2022 has been recently published by the Mr Accuracy Reports. The report offers a cutting edge about the Household Storage market, which helps the business strategists to make the best investment evaluation. "The recession is going to come very badly . Please get to know your market RIGHT NOW with an extremely important information." The Household Storage market industry report includes details about the historical analysis
Video Surveillance Storage Market Growing Up By Storage Technology: Network atta …
Acumen Research and Consulting has announced the addition of the "Video Surveillance Storage Market” report to their offering. The Video Surveillance Storage Market Report 2018 is an in depth study analyzing the current state of the Video Surveillance Storage Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Video Surveillance Storage Market provides analysis of China market covering
Self-Storage Software Market Trends, Developments, Future Prospects and Prominen …
The Self-Storage Software Market is a category of management software. It has user-friendly and bendable functions to meet the needs of small to large facilities. Some of the leading self-storage software programs offer structures, such as facility maps, specialized payment options, online access for customers, and gate access integration as well. You can get a sample copy of this report @ https://www.orianresearch.com/request-sample/1498463 Emergence of cloud-based self-storage software and mobile applications are