The global hardware storage market is expected to grow at a CAGR of nearly 13.00% in the forecast period of 2026-2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
13%
2026-2035
*this image is indicative*
North America is one of the leading regions in the global hardware storage industry. Within the region, the United States serves as a major contributor to the market growth. The popular digital platforms of the United States like Google, Facebook, and Amazon, among others hold a very strong market position overall. Google, for instance, has achieved a hold of 90% of the market for internet searches; Facebook accounts two-third of the global social media market and is the top social media platform in 90% of the world’s economies; Amazon has 40% share of world’s e-commerce activity. These platforms are heavily dependent on digital data for providing personalised services to their users. Storing such machine-readable data (digital data) is consequently a basic requirement for them and they collectively put a major demand for storage, both hardware and software based. Meanwhile, China is also dominated by similar but its own country-originated companies like Alibaba, WeChat (owned by Tencent), and others, which too function based on data, therefore, further boosting the demand for storage devices and facilities.
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Hardware storage refers to a device that is primarily used for saving, transferring, and extracting data whenever needed. It can help register and maintain data for a short-term or long-term. In our daily life, we may find it commonly in laptops, tablets, smartphones, and others. In addition, standalone external storage devices are also available in the market that can be used for additional storage. It comes in distinguished shapes and sizes based on the need and function.
Based on storage architecture, the market is bifurcated into:
On the basis of storage system, the market is divided into:
The market is divided into the following based on storage medium:
The end users involve:
The regional markets for the product are:
In recent times, companies are heavily dependent on algorithms. Google informing its users about the latest happenings around the world based on their previous searches, YouTube recommending its users the related videos depending on the types of content they have seen earlier, and e-commerce websites popping up ads with the list of products that users had checked out earlier are some of the examples of the ways in which companies use algorithms to provide goods and services to the target customers. These algorithms are based on abundant data. Thus, the increasing need to store data for various uses like data analytics, AI, blockchain, IoT, cloud computing, and all Internet-based services is a major driver for the industry growth, globally. With expanding digital economy, the demand is expected to go higher. Additionally, with the growing penetration of smartphones and the culture of clicking pictures to capture moments, people look for devices that can efficiently store their data. Along the same line, there is a huge desirability for external storage in addition to the internal storage of their smartphones, laptops, or other such gadgets. These traits of consumers are also set to boost the demand for global hardware storage in the forecast period.
The report presents a detailed analysis of the following key players in the global hardware storage market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
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The market is projected to grow at a CAGR of nearly 13.00% in the forecast period of 2026-2035.
The major drivers of the industry include the increasing number of enterprises working with digital data, rising consumer demand for devices to store their pictures and other data, growing internet and smartphone penetration, and increase in sales of consumer electronics like laptops, tablets, and others.
The key market trends guiding the growth of the industry include the growing technological advancements and the increasing utilisation of digital data or the machine-readable data by companies to connect with customers and provide personalised experiences.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different storage architectures include file and object-based storage (FOBS) and block storage.
Network attached storage (NAS), direct attached storage (DAS), and storage area network (SAN) are the different storage systems available in the market.
The major storage mediums include solid-state drive (SSD), hard disk drive (HDD), and tape, among others.
The major end users encompass enterprises, government, cloud service providers, and telecom, among others.
The leading players in the market are Hewlett Packard Enterprise, Dell, Inc., NetApp, Inc., Hitachi, Ltd., and Nutanix, Inc., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Storage Architecture |
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| Breakup by Storage System |
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| Breakup by Storage Medium |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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