From GlobeNewswire: 2025-05-29 11:00:00

The global storage systems market reached USD 67.9 billion in 2025 and is projected to grow at a CAGR of 9.8%, reaching USD 130.4 billion by 2032. The BFSI sector is expected to dominate, with Asia Pacific leading in revenue share. Data generation is increasing exponentially, with the global datasphere expected to reach 175 zettabytes by 2025, driving demand for advanced storage solutions.

The global storage systems market is set to witness strong growth due to rising data generation and digital transformation initiatives. However, technical complexity and data security concerns may hinder market growth. Organizations are increasingly adopting cloud-based storage solutions and investing in advanced technologies like AI and automation to optimize performance.

Key players in the storage systems market include Dell Technologies, Seagate Technology, Cisco Systems, IBM Corporation, and more. Recent developments include the introduction of high-capacity storage drives and AI-ready data storage solutions. The market is segmented by deployment, storage system, application, and region, with North America, Asia Pacific, and Europe leading in revenue share.

Advancements in storage technologies, growing popularity of edge computing, and increasing demand for cloud storage and data management are key events impacting the storage systems market. The rise of edge computing is driving demand for decentralized storage solutions, while the adoption of cloud computing is fueling the need for cloud storage systems. Companies are developing high-capacity storage drives to meet the growing demand for data storage solutions.



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