Global Data Center Storage Market Size, Trends, and Growth Opportunity, By Deployment (Storage Area Network (SAN) System, Network-attached storage (NAS) System, Direct-Attached Storage (DAS) System), Application (IT & Telecommunications, BFSI, Government, Healthcare, Others) By Region and forecast till 2027.

Global Data Center Storage Market Size, Trends, and Growth Opportunity, By Deployment (Storage Area Network (SAN) System, Network-attached storage (NAS) System, Direct-Attached Storage (DAS) System), Application (IT & Telecommunications, BFSI, Government, Healthcare, Others) By Region and forecast till 2027.

Global Data Center Storage Market
Global Data Center Storage Market was valued at USD 45.12 billion in 2021 and is slated to reach USD 99.87 billion by 2027 at a CAGR of 14.16 % from 2022-2027.
The technologies and tools used in data centers to monitor and manage storage infrastructure and resources are referred to as data center storage. NAS, RAID, tape drives, hard disc drives, and SAN are some of the technologies and utilities used in data center storage. As part of the data center infrastructure, these components are measured.

Market Drivers
SAN systems aid in the access and management of large amounts of data or information. They have low capital and upkeep costs. The benefits of storage area network (SAN) systems have increased their popularity among end users. Furthermore, the growing deployment of storage area network (SAN) systems in data centers prompted many major market vendors to develop new storage solutions specifically designed to support the storage area network protocol. All of these factors are expected to contribute to market growth during the forecast period. The increasing emphasis on the expansion of IT infrastructure in developing countries such as India, China, and Brazil has contributed significantly to the rapid growth of data center storage. For instance, according to India's IT (information technology) & infrastructure and Indo,- European Business Forum (IEBF) sectors shall reach up to around $10 trillion by the end of 2030. Furthermore, the astonishingly growing demand for cloud storage has increased the number of data centers that consume a lot of energy in these areas. These factors may boost the market growth in the coming years.

Market Restraints
The lack of expertise among field workers to use data center blades, as well as a shortage of skilled professionals, will impede the growth of the data center storage market from 2022 to 2027. High initial investment costs in the data center storage market, as well as high installation costs of data center storage devices or systems, will be the most significant challenges to market growth during the forecast period of 2022-2027.

Impact of COVID-19
In recent months, the covid-19 outbreak has had a significant impact on the data center storage market. The rapid shift to a work-from-home culture and the resulting demand for software as a service (during the pandemic) are two major factors driving the growing demand for data centers. Furthermore, the COVID-19 outbreak is expected to increase demand for cloud services and digitization, potentially having a significant impact on the global market during the pandemic. Furthermore, the COVID-19 health emergency has had a massive impact on businesses worldwide, including the automotive, food and beverage, retail, and semiconductor industries. As a result, major market players in the data center storage market are stepping forward to assist other businesses. In Romania, for example, the pandemic has resulted in a surge in demand for online services such as live broadcasts, gaming, and videos, among others. As a result, INVITE Systems, a technology platform innovation leader, partnered with Huawei in September 2020 to install an extremely reliable data center to meet the needs of the enterprise. All of these factors and company initiatives are expected to drive market growth during the COVID-19 apocalypse.

Recent Developments
NTT Ltd. will launch Global Data Center Interconnect (GDCI) in June 2021, which is an integrated global network fabric service that provides secure private connections between major cloud service providers and NTT's data centers.
Phison Electronics Corporation and Seagate Technology Holdings plc announced in April 2022 that they will expand their SSD portfolio to enable data management centers to save on operational costs. This move was made in response to corporate entities' increasing demand for higher-density, faster, and smarter storage infrastructure that can work with HHD storage to enable high-performance computing, hyperscale data centers, and AI to function efficiently.

Market Segmentation
Global Data Center Storage Market is segmented into By Deployment, Application. By Deployments such as Storage Area Network (SAN) Systems, Network-attached storage (NAS) Systems, and Direct-Attached Storage (DAS) systems. Applications such as IT & Telecommunications, BFSI, Government, Healthcare, and Others.

Regional Analysis
Global Data Center Storage Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Because of the rising demand for internet of things (IoT) devices and an increase in the number of data centers in this region, North America dominates the data center storage market in terms of revenue and market share. Because of the rapid growth in data center storage in several industrial sectors in this region, Asia-Pacific will continue to have the highest compound annual growth rate during the forecast period of 2022-2027. Europe is also growing rapidly because it is one of the world's key technological hubs. AI, 5G, and VR adoption are causing a revolution in the regional enterprise technology market. Furthermore, the rising demand for IoT, big data, and cloud computing is a major driver boosting the industry for data centers and their colocation facilities. In Europe, there are over 2,600 data centers. Western Europe is a more developed region, so there are more colocation data centers and service providers there.

Key Players
This report includes a list of numerous Key Players, namely Hewlett Packard Enterprise Development LP (U.S.), Dell Inc, (U.S.), Lenovo (China), Hitachi (Japan), Fujitsu (Japan), NEC Corporation (Japan), Huawei Technologies Co., Ltd. (China), Intel Corporation (U.S.), Schneider Electric (France), Trend Micro Incorporated (U.S.).

Market Taxonomy  
By Deployment
• Storage Area Network (SAN) System
• Network-attached storage (NAS) System
• Direct-Attached Storage (DAS) System)

By Application
• IT & Telecommunications
• BFSI
• Government
• Healthcare
• Others

By Region
• North America Latin America
• Europe
• Asia Pacific
• Middle East & Africa.