Data Center Storage Market At $63.72 Billion In 2024, To Grow To $71.76 Billion In 2025
StorageNewsletter.com, Friday, October 25th, 2024
Predicted to reach around $208.96 billion by 2034, CAGR of 12.61% from 2024
The global data center storage market size is calculated at $63.72 billion in 2024, grew to $71.76 billion in 2025 and is predicted to reach around $208.96 billion by 2034. The market is expanding at a CAGR of 12.61% between 2024 and 2034.
Increasing digitalization across various industries generates huge amounts of data, which further creates the need to manage the data securely owing to the stringent government regulations for data privacy, fuelling the demand for the data center storage market on a global scale.