#GCC and Levant Data Storage Market

[shweta2707]

GCC and Levant Data Storage Market projected to reach US$ 8,556.4 Mn by 2027

Market Overview

Data storage refers to recording information in a storage medium. Technological advancements in information and social technology have led to growth in data storage. Small and medium-sized enterprises (SMEs) are increasingly leveraging big data and the internet of things (IoT)-enabled services to expand their presence in storage market. The GCC and Levant data storage market was valued US$ 2,937.5 Mn in 2019 

Market  Drivers

Many business enterprises are focused on data centers and services instead of duplication and social technology, in order to manage big data. However, growing amounts of data across enterprises have made these technologies inadequate in meeting desired requirements. 

Cloud computing has received significant traction in the recent past since it is cost-effective and hassle-free for storage facilities. In 2013, NetApp, Inc. reported that its revenue from cloud providers doubled.

Moreover, NetApp announced that GCC and Levantly, over 200 cloud services were based on its technology. EMC Corporation is also targeting the cloud storage market aggressively. Therefore, these factors are expected to propel the GCC and Levant data storage market growth in the near future.

Statistics:

GCC Countries dominated the GCC and Levant data storage market in 2019, accounting for 77.1% share in terms of value, followed by Levant Countries.

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Market Opportunities

According to Coherent Market Insights’ analysis, there are around 10 billion connected devices across the globe, which includes smartphones and laptops. According to the same source, this number is expected to triple in the next five years. Thus, the need for storage solutions that would load, reload, and identify relevant data in real-time is increasing. 

Moreover, the consumer storage devices such as HDD, SDD, and memory cards are expected to witness significant demand during the forecast period. 

The converged infrastructure market has become the go-to-market for a majority of IT infrastructure developers/service providers. A massive shift from conventional to converged infrastructure solutions offer major growth opportunities for enterprise data storage vendors.

Market Trends

According to the ongoing trend, CAPEX is expected to rise further and account for a greater share of the total cost of ownership, because of the increasing functionalities in hardware and rise in demand for storage capacity

Aerospace and defense system designers seek storage solutions with reliability, encryption or other security features, compact size, high storage capacity and ability to withstand extreme temperature. Hence, hyper-convergence and software-defined networking form the ongoing trend in the aerospace and defense industry currently.

The banking and finance sectors are focusing more on data storage than marketing these days. BFSI firms are investing some of their marketing funds into new storage infrastructures, such as software-defined storage and hyper-converged infrastructure.

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Value Chain Analysis

Competitive Section

Key players operating in the GCC and Levant data storage market are Nexenta Systems, IBM Corporation, EMC Corporation (Dell Inc.), Microsoft Corporation, Hitachi Data Systems (Hitachi Ltd), VMware, Inc., Sandisk Corporation, Hewlett Packard Enterprise Co., Open Text Corp., DataDirect Networks (DDN), and NetApp Inc.

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[marketreport]

MEA Data Storage Market Healthy Pace throughout the Forecast during 2017 - 2025

This comprehensive market research report provides in-depth analysis on all major segments that have influence over the MEA data storage market. The data storage market in the MEA region is assessed across the important regions of GCC, Levant and Africa.

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

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By End User

Large Enterprise

Small & Medium Enterprise

By Vertical

BFSI

Defence and Aerospace

Education

Government

Healthcare

Telecom & IT

Others

The research report on the MEA data storage market promises value addition with respect to pricing intelligence, product portfolio analysis of various key players, distribution channel analysis, regional analysis, key trends and developments along with a SWOT analysis (strengths, opportunities, weakness and threats). The research findings also give insights on the future scenario of the market based on the present landscape and the past scenario. These insights may be of immense help to key stakeholders in taking informed decisions with which the next steps can be analysed and actioned at the right time.

Uniqueness in research process provides improved accuracy

Weighted analysis is essential to understand each segment with respect to each region and sub region. To get a holistic view of the MEA data storage market, the analyses carried out must be at par with the actual market value, which is possible with the help of a strong research process followed at Future Market Insights. The research methodology followed here works on two main concepts – re-evaluation and re-validation. The initial data collected with the help of secondary research gives a direction for further research to be carried out. An overview of the market is first gathered. Simultaneously, several primary interviews are carried out and these interviews are conducted in different countries within MEA. The more the number of interviews more would be the level of accuracy. A triangulation process ensures that the data collected from different sources are in sync and will represent an actual accurate estimation of the MEA data storage market.

Detailed analysis of the competition

A separate section of this research report focusses on the key players involved in the MEA data storage market. The competitive dashboard reflects the revenues of the companies, their market shares, growth rates, etc. The product portfolios, innovations, key trends followed, tactics and strategies used to gain advantage, mergers and acquisitions, expansions, and geographical spread of these key players are included in the competitive analysis section. This section is included in the report in order to give the reader an idea of how to formulate marketing strategies or penetration strategies based on the correlation between the key companies and their tactics and the economic aspects that have a major influence over this regional market.

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Key research milestones are achieved with the help of necessary tools and a methodical process

Unbiased, holistic view of the market covering major countries within the MEA

Detailed segmental analysis giving justice to the reader’s investment

Trends, developments, restraints, drivers, challenges, etc., mentioned in the report uncovering all loopholes present in the market

In-depth analysis with actionable intelligence that can serve the reader’s purpose by assisting him/her in planning and executing strategies

Unmatched accuracy owing to a one-of-its-kind research approach

Competitive scenario explaining the present market structure and how key players are making moves along those dynamics

Accurate market forecasts 10 years down the line based on the past and present market scenario

Recommendations based on the analyses covered by the technology research experts of Future Market Insights

[healthy-insights]

Data Storage Market Size, Share, Growth, Trends and Forecast up to 2025

The Middle East Data Storage Market was valued at US$ 1,475.9 Mn in 2014 and is expected to register a CAGR of 14.4% from 2015 to 2025. Growth of the Middle East data storage market is primarily driven by declining prices of consumer storage devices and advancements in information and social technology. On the basis of application, the data storage market is segmented into consumer data storage devices and enterprise data storage. The consumer data storage segment is further sub-segmented into Hard Disk Drive (HDD), Solid State Devices (SSD), memory card, optical disk and USB flash drive.

The enterprise data storage segment is further sub-segmented into flash storage and hard disk, cloud based storage, software-defined storage and hyper-converged infrastructure. In the consumer data storage segment, the reduction in cost of Solid State Devices (SSD) is contributing immensely to the growth of the segment. The consumer data storage devices segment was valued US$ 275.5 Mn in 2014 and is anticipated to register a CAGR of 12.4% during the forecast period 2015-2025. In terms of volume, the hard disk drive segment accounted for 1,533.0 thousand units in 2016 and is expected to expand at a CAGR of 12.1% during the forecast period. The enterprise data storage segment is anticipated to expand at a CAGR of 14.8% during the forecast period in terms of revenue. Enterprise data storage is a common repository for business information, ensuring common data management and providing data recovery solutions. Strong growth witnessed in the cloud computing (due to increased spending on storage by service provider) is the primarily contributing to the growth of the enterprise data storage segment in the market.

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 The cloud based storage sub-segment is expected to expand at the highest CAGR of 19.1% during the forecast period in terms value. Stability and flexibility offered by the enterprise storage, coupled with its lower cost, is the prime reason responsible for the robust adoption of cloud based storage across the globe. Cloud computing is a hassle-free and cost-effective data storage facility. Recently, in 2014, NetApp Inc. reported that its revenue from cloud computing service doubled from that in 2013. In addition, NetApp announced that, globally, over 200 cloud services were based on its technology. EMC Corporation is also aggressively targeting the cloud storage market in the region.

Surge in demand for smartphones and other IoT devices and rise in number of social media channels are among the major factors that have increased the need for additional storage facility, which in turn is further driving growth of the enterprise data storage segment. Increased adoption of cloud based storage in small and medium-sized business (SMBs) and in-house data centres is the primary factor responsible for driving growth of the market in the Levant region. Various verticals, including BFSI and telecommunication and IT, are investing highly on the IT platform for improving their ease of operation, as compared to the conventional storage platform.

The data storage market in the GCC region is primarily driven by the emergence of Internet of everything (IoE) and Big Data. Rise in number of consumers on social media networks, increase in broadband Internet penetration and proliferation of smartphones are factors that have led to a significant increase in cloud and data center traffic in GCC countries such as UAE and Saudi Arabia.

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 Growth of the storage flash array sub-segment is a potential revenue opportunity in this market. Flash-based devices reduce data access time and increase an application’s performance speed. Data storage solutions vendors are expected to leverage huge benefits from the growing storage flash array sub-segment in view of the increasing demand for Solid-Sate Drives (SSD) and memory cards.

Leading players in the market are focusing on expanding their cloud offerings portfolio. For instance, Microsoft Corporation is investing significantly in cloud storage solutions by building additional data centres and increasing its cloud storage capacity in the existing regions. The company is also increasing its hybrid cloud offerings portfolio through StoreSimple and InMage (a hybrid online cloud storage service for enterprises). Additionally, EMC Corporation is focusing on offering hybrid services by partnering with hybrid cloud service providers around the world.

Key players in the Middle East data storage market include IBM Corporation, Microsoft Corporation, VMware, Inc., Hewlett Packard Enterprise Co., NetApp Inc., Open Text Corp., Sandisk Corporation, Hitachi Data Systems Corporation, EMC Corporation, and Nexenta Systems, Inc.

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