Hardware Storage - Global Strategic Business Report

The global market for Hardware Storage was estimated at US$92.7 Billion in 2024 and is projected to reach US$169.9 Billion by 2030, growing at a CAGR of 10.6% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Hardware Storage market.

Global Hardware Storage Market - Key Trends & Drivers Summarized

Why Is Hardware Storage Vital in a Data-Driven World?

Hardware storage systems are fundamental in managing the massive volumes of data generated by businesses, consumers, and IoT devices daily. From data centers to enterprise storage solutions, hardware storage encompasses solid-state drives (SSDs), hard disk drives (HDDs), and network-attached storage (NAS), which offer reliable, scalable solutions to meet the diverse needs of modern computing. With the rapid expansion of cloud computing, big data analytics, and digital transformation across industries, the demand for robust and high-capacity storage hardware has surged, making it essential for data security, accessibility, and continuity.

What Technological Advancements Are Reshaping Hardware Storage?

Technological innovation is significantly enhancing hardware storage systems, improving data speed, durability, and efficiency. The advent of SSDs with Non-Volatile Memory Express (NVMe) technology allows for faster data transfer speeds and reduced latency, ideal for applications requiring high performance. Meanwhile, advancements in storage density and energy efficiency are making storage systems more compact and eco-friendly. Hybrid storage solutions, which combine SSDs for performance and HDDs for capacity, are gaining popularity, offering cost-effective options for enterprises with diverse storage needs. These developments make hardware storage systems more versatile, scalable, and suitable for both traditional and virtualized environments.

Why Is Data Security a Key Consideration in Hardware Storage?

Data security is a paramount concern in the hardware storage market, as companies face increasing threats from cyberattacks and data breaches. Secure storage systems that include encryption, access control, and data redundancy are essential for businesses handling sensitive information. Furthermore, compliance regulations, such as GDPR and HIPAA, require organizations to adopt secure storage practices. The need for storage systems that support data integrity and disaster recovery is driving demand for hardware with built-in security features, ensuring data remains protected and accessible even in adverse conditions.

The Growth in the Hardware Storage Market Is Driven by Several Factors

The hardware storage market is growing due to increased data generation, technological advancements, and a heightened focus on data security. The rise of cloud computing, big data, and IoT has fueled demand for scalable, high-performance storage solutions. Innovations like NVMe SSDs and hybrid storage solutions offer improved speed and efficiency, appealing to a broad range of industries. Additionally, growing concerns over data security and compliance are encouraging companies to invest in secure, reliable storage hardware. These factors collectively drive the expansion of the hardware storage market as data continues to be a critical asset in the digital era.

SCOPE OF STUDY:

The report analyzes the Hardware Storage market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Storage System (Network Attached Storage (NAS), Direct Attached Storage (DAS), Storage Area Network (SAN))
• Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Network Attached Storage (NAS) segment, which is expected to reach US$66.3 Billion by 2030 with a CAGR of a 10.5%. The Direct Attached Storage (DAS) segment is also set to grow at 12.6% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $25.0 Billion in 2024, and China, forecasted to grow at an impressive 14.5% CAGR to reach $36.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Hardware Storage Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Hardware Storage Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Hardware Storage Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Broadberry Data Systems LLC, CXtec Inc., Fujitsu Ltd., Hamburgnet eK, Hewlett Packard Enterprise Development LP (HPE) and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 39 companies featured in this Hardware Storage market report include:

• Broadberry Data Systems LLC
• CXtec Inc.
• Fujitsu Ltd.
• Hamburgnet eK
• Hewlett Packard Enterprise Development LP (HPE)
• HIPER Global
• HP Development Company, L.P
• Huawei Technologies Co., Ltd.
• IBM Corporation
• Inspur Technologies Co., Ltd.

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.