The middle east & africa data storage market is projected to grow at a prolific CAGR of 14.3% between 2022 and 2025, surpassing a valuation of US$ 8.43 Billion by 2025. According to a new report published by Future Market Insights titled “Data Storage Market: Middle East & Africa Industry Analysis (2017-2021) and Opportunity Assessment (2022–2025),”

The Middle East & Africa Data Storage Market has been experiencing significant growth and transformation over recent years. This growth is driven by increasing data generation, advancements in technology, and the growing adoption of cloud services. As businesses and governments in the region realize the importance of data-driven decision-making, the demand for robust and scalable data storage solutions is rising. This article delves into the current landscape of the data storage market in the Middle East and Africa, examining key trends, regional dynamics, prominent players, growth opportunities, and future outlook.

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MEA Data Storage Market: Prominent Trends

The Middle East and Africa data storage market is experiencing notable trends, including the adoption of hybrid cloud storage solutions by small and medium enterprises and software-defined storage solutions by large enterprises. There's a shift in demand affecting both OPEX and CAPEX, alongside the emergence of enterprise flash controllers. Secure data storage solutions are increasingly sought after in the defense, aerospace, and BFSI sectors. Additionally, there is a growing adoption of cloud-based data storage solutions integrated with hyper-converged infrastructure.

MEA Data Storage Market: Segmental Analysis:
The MEA data storage market covers consumer data storage devices and enterprise data storage solutions. For each of these categories, the market has been segmented based on end-user, vertical, and region. Based on storage type, the GCC data storage market is segmented into consumer storage and enterprise storage. In terms of revenue, enterprise storage is projected to be the most attractive segment in the GCC data storage market during the forecast period.

The enterprise storage segment is also expected to register high Y-o-Y growth rates throughout the forecast period and is expected to expand at a robust CAGR between 2022 and 2025. Based on end-users, the GCC data storage market is segmented into commercial and residential segments. The residential segment was valued at US$ 467.8 Million in 2017 and is expected to witness a CAGR of 14.7% during the forecast period.

MEA Data Storage Market: Forecast by Region:
The GCC region is segmented into Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE. In terms of revenue, UAE followed by Qatar are the two leading data storage markets within the GCC data storage market. UAE is the fastest-growing regional data storage market within GCC with a growth rate of 15.7% during 2017 – 2025. In terms of revenue, the UAE is projected to be the most attractive market in the GCC data storage market during the forecast period and is also expected to register high Y-o-Y growth rates throughout the assessment.

Leading Key Players:

The Middle East and Africa data storage market is bolstered by the presence of several leading key players. IBM Corporation and Microsoft Corporation are at the forefront, leveraging their extensive cloud and AI capabilities to drive innovative storage solutions. VMware, Inc. and Hewlett Packard Enterprise Co. contribute significantly with their virtualization and hybrid cloud offerings. NetApp Inc. stands out with its advanced data management technologies. Open Text Corp. specializes in enterprise information management, while SanDisk Corporation, part of Western Digital, excels in flash storage solutions. Hitachi Data Systems, now part of Hitachi Vantara, provides comprehensive data center solutions. EMC Corporation, under Dell Inc., offers robust enterprise storage systems, and Nexenta Systems is notable for its open-source-driven storage software, catering to diverse storage needs across the region.