Global Enterprise External Storage market size 2025 was XX Million. Enterprise External Storage Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

External Storage Market Outlook

The global external storage market size is projected to grow significantly from USD 50 billion in 2023 to USD 85 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 6%. This growth is driven by the surging demand for data storage solutions across various sectors, catalyzed by the rapid digital transformation and exponential data generation. The increasing reliance on cloud services, coupled with the rise of big data analytics, IoT devices, and multimedia content, is propelling the need for reliable and scalable external storage solutions. This market evolution is further supported by advancements in storage technologies, which are enhancing storage capacities while reducing costs, thus making external storage solutions more accessible and appealing to a broader audience.

One of the primary growth factors of the external storage market is the burgeoning amount of data generated by both individuals and organizations. With the proliferation of high-resolution video content, expansive digital libraries, and a surge in user-generated content, consumers and businesses alike face an unprecedented demand for robust and efficient data storage solutions. Additionally, the rise of remote work and digital collaboration tools has further accelerated the need for external storage as employees require easy access to data from different locations, necessitating scalable and secure storage solutions. Furthermore, enterprises are increasingly looking to external storage to address their needs for backup, disaster recovery, and long-term data retention, all of which are critical in maintaining business continuity and data integrity.

The evolution of technologies such as the Internet of Things (IoT) and artificial intelligence (AI) also contributes significantly to the growth of the external storage market. IoT devices generate massive amounts of data that need to be collected, stored, and analyzed, demanding more advanced storage solutions. Similarly, AI applications require extensive datasets to function effectively, necessitating high-capacity storage devices. These technologies not only increase the volume of data being created but also demand quicker access and faster data processing, which drives the development and adoption of next-generation storage solutions. This trend aligns with the ongoing digital transformation wave sweeping across industries, as companies strive to leverage data-driven insights to enhance operational efficiency and customer engagement.

Another crucial factor driving the market is the increasing affordability and accessibility of high-capacity storage devices. As the cost per gigabyte continues to decrease, consumers and businesses are more inclined to invest in sophisticated storage solutions. This cost-effectiveness is particularly appealing in sectors such as media and entertainment, where large volumes of data must be stored and managed efficiently. Additionally, the enhancement in data security features of external storage devices has added another layer of appeal, allowing users to protect sensitive information effectively. These advancements are not only improving user confidence in external storage solutions but also expanding their applications across various industries.

From a regional perspective, North America currently holds a significant share of the external storage market, primarily due to the presence of major technology companies and a highly developed IT infrastructure. However, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period, driven by rapid digitalization, an expanding consumer electronics market, and increasing investments in IT infrastructure. The region's growing population and rising disposable incomes are also contributing to increased consumer electronics consumption, which in turn boosts the demand for external storage solutions. Meanwhile, the European market is expected to grow steadily, supported by advancements in enterprise IT solutions and a strong emphasis on data privacy and security regulations.

Product Type Analysis

The external storage market is segmented by product type into Hard Disk Drives (HDDs), Solid State Drives (SSDs), USB Flash Drives, Memory Cards, and others. HDDs have historically dominated the market due to their cost-effectiveness and high storage capacities. They continue to be widely used in enterprise environments where large volumes of data require storage, particularly for backup and archiving. However, as technology evolves, SSDs are gaining traction due to their superior performance, durability, and faster data access speeds. Thi

Global External Storage Market to reach USD 407.90B by 2034, growing at a CAGR of 28.95%. Explore key trends, drivers, and growth opportunities in the sector.

The External Storage Market is estimated to be valued at USD 72.6 billion in 2025 and is projected to reach USD 136.5 billion by 2035, registering a compound annual growth rate (CAGR) of 6.5% over the forecast period.

In the second quarter of 2021, the global external enterprise storage systems market was worth *** billion U.S. dollars, an increase from the *** billion U.S. dollars in revenue that was recorded for the previous quarter.

Enterprise External Storage Market Outlook

In the rapidly evolving landscape of data management, the global enterprise external storage market is poised for significant growth. As of 2023, the market size stood at approximately $75 billion, and it is projected to reach an impressive $140 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of around 7%. This growth is primarily driven by the escalating demand for high-capacity storage solutions, advancements in cloud technology, and the increasing volume of data generated by enterprises across various sectors. Factors such as the proliferation of internet-enabled devices, the rising adoption of IoT technologies, and the exponential growth in data generation are propelling the demand for scalable, flexible, and secure storage solutions.

The growth factors for the enterprise external storage market are multifaceted. Firstly, the surge in data volumes across industries such as BFSI, healthcare, and retail is driving the need for reliable storage solutions capable of delivering high performance and data integrity. Organizations are increasingly turning to external storage to manage the storage of critical data efficiently and securely. Moreover, with the rise of data-centric business models, enterprises are investing in advanced storage technologies that can provide scalability and flexibility to accommodate growing data needs. The shift towards digital transformation across industries is also playing a pivotal role, as enterprises seek to leverage data analytics for competitive advantage, thereby increasing the demand for external storage solutions.

Secondly, technological advancements in storage solutions are significantly contributing to market growth. Innovations such as the development of solid-state drives (SSDs) and the introduction of storage solutions with enhanced features such as data deduplication, compression, and encryption are gaining traction. These technologies not only improve the efficiency and performance of storage systems but also enhance data security, a critical consideration for enterprises. Furthermore, the integration of AI and machine learning into storage systems is enabling predictive analytics and intelligent data management, further augmenting the demand for sophisticated external storage solutions.

Thirdly, the increased focus on regulatory compliance and data protection is a significant driver for the enterprise external storage market. With stringent regulations pertaining to data privacy and security, such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the United States, enterprises are compelled to adopt robust storage solutions that ensure data compliance. The need for secure, compliant storage systems that can protect sensitive information and mitigate risks associated with data breaches is escalating, fueling the demand for advanced external storage solutions across various industry verticals.

As enterprises continue to expand and adapt to the digital age, the role of an Enterprise Storage System becomes increasingly pivotal. These systems are designed to handle large volumes of data with efficiency and reliability, ensuring that businesses can store, retrieve, and manage their data seamlessly. Enterprise Storage Systems offer robust solutions that cater to the diverse needs of organizations, from ensuring data integrity to providing scalable storage options that grow with the business. With the increasing reliance on data-driven decision-making, these systems are not just a luxury but a necessity for maintaining competitive advantage in today's fast-paced market.

Regionally, North America currently holds a substantial share of the enterprise external storage market, driven by the presence of major technology companies and the early adoption of advanced storage solutions. The region is expected to maintain its dominance, driven by the increasing need for data management solutions in sectors like IT and telecommunications, BFSI, and healthcare. Meanwhile, the Asia Pacific region is anticipated to witness the highest growth rate, propelled by the rapid digitalization across emerging economies, the increasing penetration of mobile devices, and the expansion of data centers. Europe is also expected to showcase significant growth, attributed to the stringent regulatory landscape and the rising focus on data protection and privacy.

Storage Type Analysis

The enterprise ex

Get key insights on Market Research Intellect's External Storage Market Report: valued at USD 60 billion in 2024, set to grow steadily to USD 90 billion by 2033, recording a CAGR of 5.5%.Examine opportunities driven by end-user demand, R&D progress, and competitive strategies.

In the second quarter of 2021, Dell Technologies had a global external enterprise storage system market share of **** percent, a reduction from the **** percent market share that the company occupied in the previous quarter.

The external storage market was valued at USD 45.70 Billion in 2024. The industry is expected to grow at a CAGR of 8.80% during the forecast period of 2025-2034. Demand for external storage is driven by rapid rate of digital transformation, the need for portable solutions and the incessant need for data storage. In turn, all these factors have resulted in the market likely attaining a valuation of USD 106.22 Billion by 2034.

Enterprise External Storage Market size was valued at USD 41.7 Billion in 2024 and is projected to reach USD 79.6 Billion by 2032, growing at a CAGR of 8.4% during the forecast period 2026 to 2032. Global Enterprise External Storage Market Drivers:The market drivers for the enterprise external storage market can be influenced by various factors. These may include:Rising Data Volumes Across Industries: Enterprises generate significant amounts of structured and unstructured data via applications, IoT, and social media. External storage solutions are essential for managing, storing, and accessing this data securely, necessitating the use of scalable and high-capacity systems.Growth of Cloud-Based Applications: As more enterprises use hybrid and multi-cloud systems, the need for external storage that supports cloud integration grows. These systems enable data availability and backup across multiple platforms, which drives their use in data-driven enterprise ecosystems.Expansion of Big Data and Analytics:Big data analytics necessitates rapid and consistent access to massive databases. Enterprise external storage provides the speed, scalability, and performance required for data mining, forecasting, and business intelligence, which drives demand in industries such as banking, retailing, and healthcare.

Report of External Storage Market is currently supplying a comprehensive analysis of many things which are liable for economy growth and factors which could play an important part in the increase of the marketplace in the prediction period. The record of External Storage Industry is providing the thorough study on the grounds of market revenue discuss production and price happened. The report also provides the overview of the segmentation on the basis of area, contemplating the particulars of earnings and sales pertaining to marketplace.

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Enterprise External OEM Storage Systems Market Size 2025-2029

The enterprise external OEM storage systems market size is valued to increase by USD 5.18 billion, at a CAGR of 2.8% from 2024 to 2029. Growing demand for non-volatile memory express-enabled storage solutions will drive the enterprise external OEM storage systems market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 35% growth during the forecast period.
By End-user - SMEs segment was valued at USD 19.03 billion in 2023
By Type - SAN segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 24.98 million
Market Future Opportunities: USD 5175.30 million
CAGR from 2024 to 2029 : 2.8%

Market Summary

In the realm of enterprise data storage, external OEM systems have emerged as a crucial solution for businesses seeking scalability and flexibility. The market for these systems is experiencing significant expansion, fueled by the increasing demand for non-volatile memory express-enabled storage solutions. This technology offers faster data access and transfer rates, making it an essential component in modern data centers. Moreover, the emphasis on hybrid storage solutions is driving market growth. Hybrid systems combine the benefits of both internal and external storage, providing businesses with the ability to manage data efficiently and cost-effectively. However, the high initial cost of setting up enterprise external OEM storage systems remains a challenge.
Despite this hurdle, the market continues to evolve, with advancements in cloud integration and automation streamlining deployment and management processes. As of 2023, the market is valued at over USD 35 billion. This figure underscores the market's importance and potential for growth, making it an attractive investment opportunity for businesses. In the coming years, we can expect continued innovation and expansion as technology advances and businesses increasingly rely on external storage systems to manage their data needs.

What will be the Size of the Enterprise External OEM Storage Systems Market during the forecast period?

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How is the Enterprise External OEM Storage Systems Market Segmented?

The enterprise external OEM storage systems industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  SMEs
  Large Enterprises


Type

  SAN
  NAS
  DAS


Deployment

  On-premises storage
  Hybrid storage
  Cloud-based storage


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    The Netherlands
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By End-user Insights

The SMEs segment is estimated to witness significant growth during the forecast period.

In the dynamic enterprise landscape, small and medium-sized enterprises (SMEs) increasingly turn to external OEM storage systems from leading companies to address their evolving data storage requirements. With limited IT infrastructure and budgets, these organizations seek cost-effective solutions for efficient data management, increased storage capacity, and enhanced data protection. The market caters to this need, offering a range of solutions from direct-attached and network-attached storage to storage area networks, object storage systems, and software-defined storage. These solutions enable SMEs in various industries, including e-commerce, finance, healthcare, and manufacturing, to implement data archiving solutions, storage capacity planning, and disaster recovery solutions.

Furthermore, they provide multi-cloud storage options, storage scalability solutions, and high-availability storage through technologies like RAID levels performance, data deduplication, and storage resource pooling.

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The SMEs segment was valued at USD 19.03 billion in 2019 and showed a gradual increase during the forecast period.

Advanced features such as storage QoS, multi-cloud storage, and data security protocols ensure optimal system performance and data protection. A recent study indicates that over 60% of SMEs have adopted cloud storage gateway and hybrid cloud storage solutions for capacity on demand and automated tiering, underscoring the market's growing importance.

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Regional Analysis

APAC is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

See How Enterprise External OEM Storage Systems Market Demand

External Storage System Market Outlook

According to our latest research, the global external storage system market size reached USD 45.2 billion in 2024. The market is projected to grow at a robust CAGR of 6.7% from 2025 to 2033, reaching an estimated value of USD 82.1 billion by 2033. This growth is primarily driven by the exponential surge in data generation across industries, the increasing adoption of cloud-based storage solutions, and the rising need for secure and scalable data management infrastructures. As organizations worldwide continue to digitize operations, the demand for reliable and flexible external storage systems is expected to remain strong throughout the forecast period.

One of the key growth factors for the external storage system market is the unprecedented data explosion resulting from the proliferation of IoT devices, artificial intelligence applications, and digital transformation initiatives across enterprises. Organizations are generating massive volumes of structured and unstructured data, necessitating advanced storage solutions that offer high capacity, seamless scalability, and robust security. The shift towards hybrid and multi-cloud environments is further augmenting the need for external storage systems that can integrate seamlessly with both on-premises and cloud infrastructures. Moreover, the growing trend of remote work and digital collaboration has accelerated the adoption of external storage solutions, as businesses seek to ensure data accessibility, business continuity, and disaster recovery capabilities.

Another significant driver propelling the external storage system market is the rapid technological advancements in storage media, particularly the evolution from traditional hard disk drives (HDDs) to solid-state drives (SSDs) and hybrid storage solutions. SSDs offer substantial benefits in terms of speed, reliability, and energy efficiency, making them increasingly popular among enterprises with high-performance computing needs. The integration of artificial intelligence and machine learning into storage management software is also enhancing storage optimization, data deduplication, and predictive analytics, thereby delivering greater value to end-users. Furthermore, the emergence of edge computing is generating new opportunities for external storage systems, as organizations require localized data storage to support real-time processing and analytics at the edge.

The external storage system market is also benefiting from the growing emphasis on regulatory compliance and data security across various sectors, including BFSI, healthcare, and government. Stringent regulations such as GDPR, HIPAA, and PCI DSS mandate organizations to implement robust data protection measures, driving the adoption of advanced external storage solutions with built-in encryption, access controls, and audit trails. Additionally, the increasing frequency of cyber-attacks and data breaches is compelling enterprises to invest in secure storage architectures that can safeguard sensitive information and ensure business resilience. As data sovereignty concerns rise, companies are also seeking storage solutions that offer greater control over data location and access, further fueling market growth.

From a regional perspective, North America currently dominates the external storage system market, accounting for the largest share in 2024, followed by Europe and the Asia Pacific. The region's leadership is attributed to the presence of major technology vendors, early adoption of advanced storage technologies, and a mature digital infrastructure. However, the Asia Pacific market is expected to witness the fastest growth over the forecast period, driven by rapid industrialization, increasing investments in data centers, and the expanding digital ecosystem in countries such as China, India, and Japan. Latin America and the Middle East & Africa are also emerging as lucrative markets, supported by ongoing digitalization initiatives and rising demand for enterprise storage solutions.

External Controller-based (ECB) Disk Storage Market Outlook

The global External Controller-based (ECB) Disk Storage market size is projected to grow significantly from USD 35 billion in 2023 to approximately USD 56 billion by 2032, at a robust CAGR of 5.5%. This growth trajectory is driven by the increasing demand for high-performance storage solutions that can handle the growing volume and complexity of enterprise data. As businesses continue to digitize their operations and move towards cloud computing and big data analytics, the necessity for efficient, scalable, and secure disk storage solutions becomes paramount. This demand surge is attributed to technological advancements in data storage solutions and the increasing adoption of cloud computing and virtualization technologies across various sectors.

One of the primary growth factors for the ECB Disk Storage market is the rapid expansion in data generation, fueled by the proliferation of Internet of Things (IoT) devices, social media platforms, and digital transactions. As enterprises strive to harness data for business intelligence and competitive advantage, the need for robust storage solutions that ensure quick retrieval and high availability becomes critical. Moreover, the rise in data-intensive applications, such as artificial intelligence and machine learning, further accentuates the demand for ECB disk storage. These applications require high-speed data processing capabilities, which are effectively supported by external controller-based storage solutions that offer superior performance and reliability.

Another significant factor contributing to market growth is the increasing trend of digital transformation across industries such as healthcare, finance, and retail. In healthcare, for example, the digitization of medical records, imaging data, and patient information necessitates effective storage solutions that can handle vast amounts of data securely and efficiently. Similarly, in the finance sector, the surge in digital transactions and the need for real-time data processing and analytics drive the demand for advanced storage systems. Retailers, on the other hand, rely on data analytics for personalized customer experiences and inventory management, further boosting the need for high-capacity, efficient storage solutions.

Cloud adoption and hybrid IT environments are also pivotal in driving the ECB Disk Storage market. Organizations are increasingly opting for cloud-based solutions for their scalability, flexibility, and cost-effectiveness. However, concerns regarding data security and compliance in cloud environments are prompting businesses to adopt hybrid storage solutions that combine on-premises and cloud storage. This trend is bolstered by the capabilities of ECB disk storage to seamlessly integrate with existing IT infrastructure while providing the necessary agility and control over data management in hybrid environments.

Regionally, the market exhibits diverse growth patterns with North America leading in terms of technology adoption and market size. The regionÂ’s rapidly growing IT infrastructure and high concentration of technology-driven industries contribute to its dominant market position. However, Asia Pacific is expected to witness the highest growth rate during the forecast period, driven by rapid digitalization, increasing internet penetration, and rising investments in data centers. The growing economies in this region are embracing technological advancements at an unprecedented pace, thus creating a fertile market for ECB disk storage solutions.

In recent years, the concept of Computational Storage has emerged as a transformative force in the data storage landscape. This innovative approach integrates processing power directly within the storage device, allowing for data processing to occur closer to where the data resides. By offloading certain computational tasks from the central processing unit (CPU) to the storage device itself, computational storage can significantly enhance data processing efficiency and reduce latency. This is particularly beneficial for data-intensive applications such as real-time analytics, artificial intelligence, and machine learning, where rapid data access and processing are crucial. As enterprises continue to seek ways to optimize their IT infrastructure and improve performance, the adoption of computational storage solutions is expected to rise, offering a new paradigm in data management.

Storage Type Analysis

In the E

External Storage Market size was valued at USD 13500 million in 2024 and the revenue is expected to grow at a CAGR of 8.45% from 2025 to 2032

Enterprise External Storage Market size was valued at USD 14250.75 million in 2024 and the revenue is expected to grow at a CAGR of 8.2% from 2025 to 2032

Global External Storage market size 2025 was XX Million. External Storage Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Huawei occupied the largest share of the external enterprise storage market in Russia in the third quarter of 2021, at over ** percent. Yadro accounted for the second-highest share of sales in monetary terms, at **** percent. In the whole Europe, the Middle East, and Africa (EMEA) region, Dell Technologies was the leading vendor by market share in the second quarter of 2020.

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period