Brazil Data Storage Market Report and Forecast 2025-2034

Brazil Data Storage Market Size

The Brazil data storage market is projected to grow at a CAGR of 28.4% between 2025 and 2034, aided by the growing use of AI and technological advancements in edge computing.

Brazil Data Storage Market Outlook

• Electrical equipment accounted for 11.78% of overall Brazilian imports in 2023, amounting to $29.76 billion.

• Nearly 63% of all Brazilian businesses are utilising AI technology, which is bolstering the market development.

• To identify upcoming market trends and study consumer behaviour, 7/10 Brazilian companies are using AI tools, leading to the market expansion.

Brazil Data Storage Market Growth

According to the Brazilian Network Research Centre, the adoption of cloud-based email surged to 39% in 2019, with nearly 63% of large-size and 54% of all medium-sized firms using off-premises emails. Over 45% of all business executives in Brazil expect investments in cloud computing and artificial intelligence to expedite the usage of cloud-based storage for enterprises. With the increase in cloud processing capacity by 7% in 2019, the use of cloud-based enterprise software rose to 27% in 2019. Cloud-based storage also surged by nearly 13% in 2019, highlighting the significant demand for data storage solutions in the market.

Technological advancements in the design of optical discs are expected to drive the sales of petabit discs, which can store nearly 1.6 million gigabits of data. These discs can be used extensively in data centres for creating accessible archives of data. These discs require complex and expensive femtosecond layers for the activation and deactivation of recording layers, which boosts their performance.

Brazil accounts for nearly 40% of all data centre investments in Latin America. This is expected to drive the demand for block storage architecture, that provides enhanced flexibility of data storage without compromising on the delivery of performance.

Brazil Data Storage Industry Segmentation

Brazil Data Storage Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Storage Type

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

Market Breakup by Storage System

• Network Attached Storage

• Direct Attached Storage

• Storage Area Network

Market Breakup by Storage Architecture

• File and Object-Based Storage

• Block Storage

Market Breakup by Application

• IT and Telecommunication

• BFSI

• Education

• Media and Entertainment

• Government

• Others

Market Breakup by Region

• São Paulo

• Minas Gerais

• Rio de Janeiro

• Bahia

• Rio Grande do Sul

Brazil Data Storage Market Share

Based on region, the market is segmented into São Paulo, Minas Gerais, Rio de Janeiro, Bahia, and Rio Grande do Sul. Over the forecast period of 2025-2034, Minas Gerais is expected to grow at a CAGR of 32.4% due to the substantial growth in the volume of data generation.

Leading Companies in the Brazil Data Storage Market

Key players are offering file and object-based storage due to their high degree of accessibility, reliability, and cost-effectiveness.

• Hewlett Packard Enterprise Development LP

• Dell Inc.

• International Business Machines Corporation

• Pure Storage, Inc.

• Dropbox, Inc.

• Seagate Technology Holdings PLC

• Lenovo Group Ltd.

• Google LLC

• Amazon Web Services, Inc.

• Hitachi, Ltd.

• Others

Key Highlights of the Report