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Australia Data Center Storage Market Market Size (2024 - 2029)

The Australia Data Center Storage Market is experiencing growth driven by factors such as the increasing demand for cloud computing among small and medium enterprises, government regulations for local data security, and rising investments by domestic players. These elements contribute to the expanding need for data center storage solutions in the country.

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Market Size of Australia Data Center Storage Industry

Australia Data Center Storage Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2023
Market Size (2024) USD 2.88 Billion
Market Size (2030) USD 3.47 Billion
CAGR (2024 - 2030) 3.18 %
Market Concentration Medium

Major Players

Australia Data Center Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order

Australia Data Center Storage Market Analysis

The Australia Data Center Storage Market size is estimated at USD 2.88 billion in 2024, and is expected to reach USD 3.47 billion by 2030, growing at a CAGR of 3.18% during the forecast period (2024-2030).

The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country. This leads to a growing need for data center storage equipment.

  • Under Construction IT Load Capacity: The upcoming IT load capacity of the South Korean data center market is expected to touch around 2,000 MW by 2029.
  • Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 5 million sq. ft by 2029.
  • Planned Racks: The country's total number of racks to be installed is expected to reach 270,000 units by 2029. Greater Seoul is expected to house the maximum number of racks by 2029.
  • Planned Submarine Cables: There are close to 10 submarine cable systems connecting South Korea, and many are under construction. One such submarine cable that was estimated to start service in 2023 is Southeast Asia-Japan Cable 2 (SJC2), which stretches over 10,500 kilometers with landing points from Geoje, South Korea.
  • The IT load capacity in the country is expected to reach over 3,000 MW by 2029, positively impacting the demand for racks during the forecast period.
  • The construction of a raised floor area for data centers in the country is expected to reach 11.4 million sq. ft by 2029.
  • The country's total number of racks to be installed is expected to reach over 550,000 units by 2029.
  • Currently, four submarine cable projects are under construction in the country. One such submarine cable, estimated to start service in 2025, is Asia Connect Cable-1 (ACC-1), stretching over 18,000 kilometers with landing points for planned submarine cables.

Australia Data Center Storage Industry Segmentation

Data center storage refers to the devices, hardware, networking equipment, and software technologies that enable the storage of data and applications within data center facilities. It is used to store, manage, retrieve, distribute, and back up digital information within data center facilities.

The Australian data center storage market is segmented by storage technology (network attached storage (NAS), storage area network (SAN), direct attached storage (DAS), and other technologies), storage type (traditional storage, all-flash storage, and hybrid storage), end-user (IT and telecommunication, BFSI, government, media and entertainment, and other end-users). The report offers the market size in value terms in USD for all the abovementioned segments.

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Australia Data Center Storage Market Size Summary

The Australian data center storage market is experiencing significant growth, driven by the increasing demand for cloud computing, stringent government regulations on data security, and substantial investments from domestic players. The rise in mobile phone usage and the proliferation of data-intensive technologies are further propelling the need for expanded data center storage capabilities. As businesses generate and process larger volumes of data, the necessity for scalable storage infrastructure becomes paramount. This trend is reflected in the growing number of data centers and the corresponding demand for storage devices, which are crucial for supporting the country's digital economy and enhancing connectivity.

The market is characterized by a moderate level of fragmentation, with major players like Dell Inc., Hewlett Packard Enterprise, NetApp Inc., Hitachi Vantara LLC, and Kingston Technology Company Inc. holding significant shares. These companies are actively engaging in strategic collaborations and product innovations to strengthen their market positions. The adoption of hybrid storage solutions, which combine on-premise and cloud storage, is gaining traction as businesses seek flexibility and scalability in their data management strategies. This shift is further supported by advancements in hybrid cloud technologies and partnerships aimed at enhancing data availability and access. As a result, the Australian data center storage market is poised for continued expansion, driven by the evolving needs of enterprises and the increasing reliance on digital infrastructure.

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Australia Data Center Storage Market Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Expansion of IT Infrastructure to Increase Market Growth

      2. 1.2.2 Increased Investments in Hyperscale Data Centers to Increase Market Growth

    3. 1.3 Market Restraints

      1. 1.3.1 High Initial Investment Cost to Hinder Market Growth

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Assessment of COVID-19 Impact

  2. 2. MARKET SEGMENTATION

    1. 2.1 Storage Technology

      1. 2.1.1 Network Attached Storage (NAS)

      2. 2.1.2 Storage Area Network (SAN)

      3. 2.1.3 Direct Attached Storage (DAS)

      4. 2.1.4 Other Technologies

    2. 2.2 Storage Type

      1. 2.2.1 Traditional Storage

      2. 2.2.2 All-flash Storage

      3. 2.2.3 Hybrid Storage

    3. 2.3 End-user

      1. 2.3.1 IT and Telecommunication

      2. 2.3.2 BFSI

      3. 2.3.3 Government

      4. 2.3.4 Media and Entertainment

      5. 2.3.5 Other End-users

Australia Data Center Storage Market Market Size FAQs

The Australia Data Center Storage Market size is expected to reach USD 2.88 billion in 2024 and grow at a CAGR of 3.18% to reach USD 3.47 billion by 2030.

In 2024, the Australia Data Center Storage Market size is expected to reach USD 2.88 billion.

Australia Data Center Storage Market Report Snapshots

Australia Data Center Storage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2030)