GCC AND LEVANT DATA STORAGE MARKET ANALYSIS

GCC and Levant Data Storage Market, By Applications (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 and Hyper-converged Infrastructure)), By End Users (Residential and Commercial (SME Enterprise, Large Enterprise)), By Industry Verticals (BFSI, Healthcare, Government, Telecom and IT, Defense and Aerospace and Education) and By Regions (GCC (UAE, Kuwait, Saudi Arabia, Oman, Qatar and Bahrain) and Levant (Turkey, Israel, Egypt, Lebanon, Jordan, Cyprus and Rest of Levant) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Published In : Apr 2020
Code : CMI3775
Pages :130
Formats :
Excel and PDF
Industry : Information and Communication Technology

Gcc And Levant Data Storage MarketSize and Trends

The GCC and Levant data storage market was valued US$ 2,937.5 Mn in 2019 and expected to reach US$ 8,556.4 Mn by 2027.

Market Trends

Growing demand for changes in OPEX and CAPEX

Over the past 10 years, the total cost of storage has increased by about 7% per year. This surge in prices has been mainly attributed to operational costs (OPEX), while the cost of hardware (CAPEX) has been relatively flat. 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

Rising demand for secure hybrid storage in defense and aerospace

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.

Increasing use of data storage in the BFSI sector

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.