Middle East & Africa Data Storage Market Surges, Predicted to Hit US$ 8.43 Billion by 2025 with 14.3% CAGR

The middle east & africa data storage market is projected to grow at a prolific CAGR of 14.3% between 2022 and 2025, surpassing a valuation of US$ 8.43 Billion by 2025. According to a new report published by Future Market Insights titled “Data Storage Market: Middle East & Africa Industry Analysis (2017-2021) and Opportunity Assessment (2022–2025),”

Major factors responsible for the growth of the data storage market in MEA include increased investments in infrastructure, a notable shift in data center investments from being server-centric to more data and storage-centric, and increased adoption of entry-level and mid-range storage devices.

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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 defense, 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 based on end-user, vertical, and region. Based on 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 2022 and 2025. Based on end-users, the GCC data storage market is segmented into commercial and residential segments. The residential segment was valued at US$ 467.8 Million in 2017 and is expected to witness a CAGR of 14.7% during the forecast period.

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MEA Data Storage Market: Forecast by Region:
The GCC region is segmented into Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE. In terms of revenue, UAE followed by Qatar are the two leading data storage markets within the GCC data storage market. UAE is the fastest-growing regional data storage market within GCC with a growth rate of 15.7% during 2017 – 2025. In terms of revenue, the UAE is projected to be the most attractive market in the GCC data storage market during the forecast period and is also expected to register high Y-o-Y growth rates throughout the assessment.

Leading 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.)
• Nexenta Systems

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Middle East & Africa Data Storage Market Segmentation:

By Region:

• GCC
• Levant
• Africa

By Storage Type:

• Consumer Storage
  • Hard Disk Drive (HDD)
    • 2.5 Inch HDD
    • 3.5 Inch HDD
  • Memory Card
  • Optical Disk
  • Solid State Devices (SSD)
  • USB Flash Drives
• Enterprise Storage
  • Cloud-Based Storage
  • Flash Storage
  • Hard Disk Drive (HDD)
    • 2.5 Inch HDD
    • 3.5 Inch HDD
  • Hyper-Converged Infrastructure
  • Software Defined Storage

By End User:

• Commercial
• Large Enterprise
• Small & Medium Enterprise
• Residential

By Vertical:

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

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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