Middle East & Africa Next Generation Data Storage Market
No. of Pages: 106 | Report Code: BMIRE00030467 | Category: Electronics and Semiconductor
No. of Pages: 106 | Report Code: BMIRE00030467 | Category: Electronics and Semiconductor
The Middle East & Africa next generation data storage market was valued at US$ 3,535.58 million in 2022 and is expected to reach US$ 6,017.67 million by 2030; it is estimated to register a CAGR of 6.9% from 2022 to 2030. DAS to Witness Significant Growth Bolsters Middle East & Africa Next Generation Data Storage Market
Direct attached storage (DAS) is one of the conventional data storage systems connected directly to the computer, such as a server or PC. DAS is simple to configure, set up, and access. Since computers and servers are usually purchased with internal direct-attached storage, it is available for immediate use without configuration. External DAS devices are generally "plug and play," attached via a USB port, and can be used as soon as they are plugged in. Further, a DAS solution is more cost-effective than alternative network storage solutions, including SAN or NAS, which can be very expensive. DAS is a suitable, cost-effective storage option for small and medium-sized businesses that do not have the budget for advanced storage solutions. Moreover, increasing advancements in virtualization technology are benefiting DAS, especially in the hyper-converged infrastructures (HCI) systems. The HCI system consists of multiple servers and DAS storage nodes, and the storage is aggregated into logical resource pools, providing a more flexible storage solution than traditional DAS.
In May 2022, TerraMaster released a new 8-bay direct attached storage (DAS) appliance for customers who need a central location to store large amounts of data. Unlike NAS, DAS is used locally via a cable connected directly to a PC or other device. The new TerraMaster D8-332 is professional RAID storage with up to 160TB capacity. Thus, the increasing adoption of DAS is expected to fuel the next-generation data storage market growth.Middle East & Africa Next Generation Data Storage Market Overview
The next-generation data storage market in the Middle East & Africa is experiencing substantial growth. Countries in this region are undergoing rapid digital transformation, with businesses shifting to online, e-commerce, and digital services. This generates vast amounts of data that require storage and management in secure and accessible cloud environments. The increasing volume of data produced by various industries, coupled with the need for secure and accessible storage solutions, is driving the demand for next-gen data storage technologies. Key industries such as BSFI, IT & telecom, healthcare, media & entertainment, and manufacturing are leading the adoption of these solutions. The growing digital transformation is expected to positively influence the demand for advanced data storage solutions.
Middle East & Africa Next Generation Data Storage Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the Middle East & Africa Next Generation Data Storage provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Middle East & Africa Next Generation Data Storage refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Middle East & Africa Next Generation Data Storage Strategic Insights
Middle East & Africa Next Generation Data Storage Report Scope
Report Attribute
Details
Market size in 2022
US$ 3,535.58 Million
Market Size by 2030
US$ 6,017.67 Million
Global CAGR (2022 - 2030)
6.9%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Storage System
By End user
By Storage Architecture
Regions and Countries Covered
Middle East and Africa
Market leaders and key company profiles
Middle East & Africa Next Generation Data Storage Regional Insights
Middle East & Africa Next Generation Data Storage Market Segmentation
The Middle East & Africa next generation data storage market is categorized into storage system, end user, storage medium, storage architecture, deployment, and country.
Based on storage system, the Middle East & Africa next generation data storage market is segmented into direct attached storage (DAS), network attached storage (NAS), and storage area network (SAN). The direct attached storage (DAS) segment held the largest Middle East & Africa next generation data storage market share in 2022.
In terms of end user, the Middle East & Africa next generation data storage market is segmented into BFSI, retail, IT and telecom, healthcare, media and entertainment, and others. The BFSI segment held the largest Middle East & Africa next generation data storage market share in 2022.
By storage medium, the Middle East & Africa next generation data storage market is divided into hard disk drive, solid-state drive, and tape. The solid-state drive segment held the largest Middle East & Africa next generation data storage market share in 2022.
Based on storage architecture, the Middle East & Africa next generation data storage market is bifurcated into file-object based storage and block storage. The file-object based storage segment held a larger Middle East & Africa next generation data storage market share in 2022.
By deployment, the Middle East & Africa next generation data storage market is categorized into on-premise, cloud-based, and hybrid. The on-premise segment held the largest Middle East & Africa next generation data storage market share in 2022.
By country, the Middle East & Africa next generation data storage market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa next generation data storage market share in 2022.
Dell Technologies Inc, Hewlett Packard Enterprise Co, NetApp Inc, Hitachi Ltd, International Business Machines Corp, DataDirect Networks Inc, Fujitsu Ltd, NETGEAR, and Huawei Technologies Co Ltd are some of the leading companies operating in the Middle East & Africa next generation data storage market.
1. Dell Technologies Inc
2. Hewlett Packard Enterprise Co
3. NetApp Inc
4. Hitachi Ltd
5. International Business Machines Corp
6. DataDirect Networks Inc
7. Fujitsu Ltd
8. NETGEAR
9. Huawei Technologies Co Ltd
The Middle East & Africa Next Generation Data Storage Market is valued at US$ 3,535.58 Million in 2022, it is projected to reach US$ 6,017.67 Million by 2030.
As per our report Middle East & Africa Next Generation Data Storage Market, the market size is valued at US$ 3,535.58 Million in 2022, projecting it to reach US$ 6,017.67 Million by 2030. This translates to a CAGR of approximately 6.9% during the forecast period.
The Middle East & Africa Next Generation Data Storage Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Next Generation Data Storage Market report:
The Middle East & Africa Next Generation Data Storage Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Next Generation Data Storage Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Next Generation Data Storage Market value chain can benefit from the information contained in a comprehensive market report.