2.64% CAGR in the Enterprise External OEM Storage System Market
NEW YORK, December 6, 2021 / PRNewswire / – Dell Technologies Inc., Hewlett Packard Enterprise Co. and Hitachi Ltd. will become the major players in the enterprise external OEM storage systems market during the forecast period.
The enterprise external OEM storage systems market is fragmented. Suppliers deploy growth strategies such as service extensions, technological innovations, and mergers and acquisitions to be competitive in the market. The market is expected to grow by $ 4.19 billion from 2020 to 2025. The market growth momentum is expected to accelerate at a CAGR of 2.64%.
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Analysis of the 5 main suppliers
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Dell Technologies Inc. – The company offers external OEM storage systems to enterprises under the PowerStore brand.
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Hewlett Packard Enterprise Co. – The company offers OEM storage that delivers faster business results and unlocks the full potential of data with cloud-based storage services optimized for all workloads.
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Hitachi Ltd. – The company offers enterprise NVMe, which is a powerful data platform and simplifies day-to-day management.
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Huawei Investment & Holding Co. Ltd. – The company offers external OEM storage systems to enterprises under the OceanStor brand.
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International Business Machines Corp. – The company offers data storage solutions that transform and improve customer operations with a complete storage solution.
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Enterprise External OEM Storage Systems Market 2021-2025: Segmentation
By type, the SAN segment of the enterprise external OEM storage systems market is expected to represent significant growth during the forecast period. SAN systems are popular for high speed traffic, such as high transaction databases and e-commerce websites, due to their high performance capability.
By geography, APAC is expected to account for 36% of the market growth during the forecast period, with China and Japan being the key countries. The increased demand for data centers from banking and financial players, hyperscalers, and technology companies will drive the growth of the enterprise external OEM storage systems market in APAC.
Drivers and challenges
The enterprise external OEM storage systems market is driven by the growing demand for express non-volatile memory storage solutions, the growing adoption of multi-cloud platforms, and the growing penetration of IoT-enabled devices. However, factors such as high initial cost of installation may hamper the growth of the market.
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Scope of the Enterprise External OEM Storage Systems Market |
|
Cover of the report |
Details |
Page number |
120 |
Year of reference |
2020 |
Forecast period |
2021-2025 |
Growth dynamics and CAGR |
Accelerate to a CAGR of 2.64% |
Market growth 2021-2025 |
$ 4.19 billion |
Market structure |
Fragmented |
Annual growth (%) |
1.99 |
Regional analysis |
North America, Europe, APAC, South America and MEA |
Efficient contribution to the market |
36% APAC |
Main consumer countries |
United States, United Kingdom, France, China and Japan |
Competitive landscape |
Leading companies, competitive strategies, reach of consumer engagement |
Profiled companies |
Dell Technologies Inc., Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Investment & Holding Co. Ltd., International Business Machines Corp., NetApp Inc., Nfina Technologies Inc., Nimbus Data Inc., Pure Storage Inc. and Seagate Technology LLC |
Market dynamics |
Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period |
Customization |
If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments. |
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