Data storage refers to recording information in a storage medium. There are different types of storage media are available including magnetic tape, optical discs, phonographic recording, DNA & RNA, handwriting, etc. Electronic data storage needs electric power to store and retrieve data that’s why it uses media such as compact disc, cloud, memory card, HDD, SDD, and more. Technological advancements in information and social technology have led to growth in data storage. 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. GCC and Levant data storage market focuses on two major regions namely GCC and Levant.

Market Dynamics

Increasing adoption of cloud based technology is driving the data storage market for GCC and Levant. Companies are adopting cloud based technology since it is cost-effective and hassle-free for storage facilities. Moreover, NetApp announced that globally, over 200 cloud services were based on its technology. EMC Corporation is also targeting the cloud storage market aggressively. Cloud based storage are growing to increase in the forecast period. Furthermore, many cloud companies are dropping their price. For instance, in April 2019, Amazon web services has launched new cloud storage technology, through this technology AWS will provide US$ 0.002/TB from US$2.00/TB.

Furthermore, increasing adoption of internet of technology (IoT) and connected devices are expected to provide lucrative growth opportunities to the key players in the forecast period (2020-2027). 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.

Market Taxonomy

This report segments the GCC and Levant data storage market on the basis of application, End-user, industry verticals and region. On the basis of application, GCC and Levant data storage market is segmented into Consumer Data Storage Devices and Enterprise Data Storage Devices. On the basis of application, the GCC and Levant data storage market is segmented into Residential and Commercial. On the basis of Industry Verticals, the GCC and Levant data storage market is segmented into BFSI, Healthcare, Government, Telecom and IT, Defense and Aerospace and Education. On the basis of region, GCC and Levant data storage market is segmented into GCC (UAE, Kuwait, Saudi Arabia, Oman, Qatar, and Bahrain) and Levant (Turkey, Israel, Egypt, Lebanon, Jordan, Cyprus and Rest of Levant)

Key features of the study:

• This report provides an in-depth analysis of the GCC and Levant data storage market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the GCC and Levant data storage market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the GCC and Levant data storage market includes 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.
• These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The GCC and Levant data storage market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the GCC and Levant data storage market.

Detailed Segmentation:

• GCC and Levant Data Storage Market, By Application:
  • Consumer Data Storage Devices
    • Hard Disk Drive (HDD)
    • Solid State Devices (SSD)
    • Memory Cards
    • Optical Disk
    • USB Flash Drives
  • Enterprise Data Storage Devices
    • Flash Storage and Hard Disks
    • Cloud-based Storage
    • Software-defined Storage
    • Hyper-converged Infrastructure
• GCC and Levant Data Storage Market, By End-user:
  • Residential
  • Commercial
    • SME Enterprise
    • Large Enterprise
• GCC and Levant Data Storage Market, By Industry Verticals:
  • BFSI
  • Healthcare
  • Government
  • Telecom and IT
  • Defense and Aerospace 
  • Education
  • Other
• GCC and Levant Data Storage Market, By Region:
  • GCC
    • UAE
    • Kuwait
    • Saudi Arabia
    • Oman
    • Qatar
    • Bahrain
  • Levant
    • Turkey
    • Israel
    • Egypt
    • Lebanon
    • Jordan
    • Cyprus
    • Rest of Levant
• Company Profiles
  • Nexenta Systems*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • 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)
  • NetApp Inc.

*Browse all the market data tables and figures on “GCC and Levant Data Storage Market- Forecast to 2027”