MEA Data Storage Market to grow at a prolific CAGR of 14.3%

The MEA data storage market was valued at US$ 2,790 Mn in 2016 and is projected to reach US$ 8,431.3 Mn by 2025 end. Sales revenue is expected to increase at a CAGR of 13.6% during the forecast period i.e. 2017–2025. According to a new report published by Future Market Insights titled “Data Storage Market: Middle East & Africa Industry Analysis (2012-2016) and Opportunity Assessment (2017–2025),” major factors responsible for the growth of the data storage market in MEA include increased investments in infrastructure, a notable shift in data centre investments from being server centric to more data and storage centric, and increased adoption of entry-level and mid-range storage devices.

The data storage market in the Middle East & Africa has been steadily growing, mainly driven by investments from telecom operators and financial institutions. However, the market is facing certain growth challenges brought about by heavy administrative constraints, lengthy decision making periods, unexpected delays, and a lack of visibility on the execution of pipeline projects. Additionally, there is an increasing traction towards converged infrastructure solutions, in which the vendors’ package servers, storage, software, networking and other data centre components into pre-configured solutions tailored to meet the needs of a particular enterprise.

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“Cloud computing is a hassle-free and cost-effective data storage facility. Recently, NetApp Inc. reported that its revenue from cloud providers doubled from that in 2013. In addition, NetApp announced that globally over 200 cloud services were based on its technology. EMC Corporation is also targeting the cloud storage market aggressively. Cloud storage is expected to be a vital component of most enterprises in the near future.”

MEA Data Storage Market: Prominent Trends

• Adoption of hybrid cloud storage solutions by small and medium enterprises and software defined storage solutions by large enterprises
• Demand changes in OPEX and CAPEX
• Emergence of enterprise flash controllers
• Demand for secure data storage solutions in defence, aerospace and BFSI verticals
• Adoption of cloud based data storage solutions with hyper-converged infrastructure

MEA Data Storage Market: Segmental Analysis

The MEA data storage market covers consumer data storage devices and enterprise data storage solutions. For each of these categories, the market has been segmented on the basis of end user, vertical and region. On the basis of storage type, the GCC data storage market is segmented into consumer storage and enterprise storage. In terms of revenue, enterprise storage is projected to be the most attractive segment in the GCC data storage market during the forecast period. The enterprise storage segment is also expected to register high Y-o-Y growth rates throughout the forecast period and is expected to expand at a robust CAGR between 2017 and 2025. On the basis of end user, the GCC data storage market is segmented into commercial and residential segments. The residential segment was valued at US$ 467.8 Mn in 2017 and is expected to witness a CAGR of 14.7% during the forecast period.

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MEA Data Storage Market: Key Players

IBM Corporation, Microsoft Corporation, VMware, Inc., Hewlett Packard Enterprise Co., NetApp Inc., Open Text Corp., SanDisk Corporation, Hitachi Data Systems, EMC Corporation (Dell Inc.), and Nexenta Systems are some of the key players operating in the MEA data storage market.

Key Segments Covered

By Region

• GCC
• Levant
• Africa

By Storage Type

• Consumer Storage
  • Hard Disk Drive (HDD)
  • Memory Card
  • Optical Disk
  • Solid State Devices (SSD)
  • USB Flash Drives
  • Enterprise Storage

By End User

• Commercial
• Residential

By Vertical

• BFSI
• Defence and Aerospace
• Education
• Government
• Healthcare
• Telecom & IT
• Others

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Table Of Content

1. MEA Data Storage Market- Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Market Overview
5. GCC Data Storage Market Analysis
6. Levant Data Storage Market Analysis
7. Africa Data Storage Market Analysis

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