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China Data Center Storage Market Size (2024 - 2029)

The China Data Center Storage Market is experiencing growth driven by the increasing demand for cloud computing among small and medium-sized enterprises, government regulations for local data security, and rising investments by domestic players. This growth is reflected in the expanding market size, which is influenced by the projected increase in IT load capacity and the construction of raised floor areas for data centers. Additionally, the installation of a significant number of racks and the development of submarine cable projects are further contributing to the market's expansion.

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Market Size of China Data Center Storage Industry

China Data Center Storage Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2023
Market Size (2024) USD 2.82 Billion
Market Size (2030) USD 3.70 Billion
CAGR (2024 - 2030) 4.61 %
Market Concentration Medium

Major Players

China Data Center Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order

China Data Center Storage Market Analysis

The China Data Center Storage Market size is estimated at USD 2.82 billion in 2024, and is expected to reach USD 3.70 billion by 2030, growing at a CAGR of 4.61% during the forecast period (2024-2030).

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

  • The upcoming IT load capacity in the country is projected to cross 3,300 MW by 2029, boosting the demand for data center racks.
  • The construction of raised floor areas for data centers in the country is expected to reach 11.9 million sq. ft by 2029 for under-construction raised floor space.
  • The total number of racks to be installed in the country is expected to touch 600,000 units by 2029.
  • Currently, four submarine cable projects are under construction in the country. One such submarine cable, estimated to start service in 2023, is Asia Direct Cable (ADC), stretching over 19,000 kilometers, with landing points in Chongming, Lantau Island, and Shantou for planned submarine cables.

China 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 China Data Center Storage Market is Segmented by Storage Technology (Network Attached Storage (NAS), Storage Area Network (SAN), Direct Attached Storage (DAS)), by Storage Type (Traditional Storage, All-Flash Storage, Hybrid Storage), by End User (IT & Telecommunication, BFSI, Government, Media & Entertainment, and Other End User). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

Storage Technology
Network Attached Storage (NAS)
Storage Area Network (SAN)
Direct Attached Storage (DAS)
Other Technologies
Storage Type
Traditional Storage
All-Flash Storage
Hybrid Storage
End User
IT & Telecommunication
BFSI
Government
Media & Entertainment
Other End Users
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China Data Center Storage Market Size Summary

The China Data Center Storage Market is experiencing significant growth, driven by the increasing demand for cloud computing, government regulations on data security, and substantial investments from domestic players. The market is poised for expansion as the country enhances its IT infrastructure, with a notable increase in data center racks and raised floor areas. The proliferation of smartphone users, coupled with the rising consumption of data through streaming services, online gaming, and smart home applications, is further propelling the demand for data center storage. This surge in data consumption necessitates the expansion of data centers and the corresponding increase in storage devices to meet the growing computing needs.

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 Huawei Technologies Co. Ltd. holding significant market shares. These companies are actively engaging in strategic collaborations to enhance their market presence and profitability. The adoption of hybrid storage solutions, combining on-premises and cloud storage, is gaining traction due to its flexibility and scalability, catering to the evolving needs of businesses. Initiatives promoting digitalization and the deployment of advanced storage solutions are further bolstering the market, as companies seek to optimize storage management and reduce costs.

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China Data Center Storage 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 & Telecommunication

      2. 2.3.2 BFSI

      3. 2.3.3 Government

      4. 2.3.4 Media & Entertainment

      5. 2.3.5 Other End Users

China Data Center Storage Market Size FAQs

The China Data Center Storage Market size is expected to reach USD 2.82 billion in 2024 and grow at a CAGR of 4.61% to reach USD 3.70 billion by 2030.

In 2024, the China Data Center Storage Market size is expected to reach USD 2.82 billion.

China Data Center Storage Market Report Snapshots

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