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Mexico Data Center Storage Market Size (2024 - 2029)

The Mexico Data Center Storage Market is projected to experience significant growth, driven by the expansion of IT infrastructure across the country. This growth is part of a broader global shift towards a service-centric IT industry, with increasing opportunities in Software as a Service, Infrastructure as a Service, and Platforms as a Service. The market's expansion is further supported by the development of IT clusters, which facilitate various high-tech services. Additionally, the construction of IT load capacity, raised floor space, and the installation of racks are set to increase, enhancing the market's capacity and connectivity.

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Market Size of Mexico Data Center Storage Industry

Mexico Data Center Storage Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 421.20 Million
Market Size (2029) USD 722.5 Million
CAGR (2024 - 2029) 13.10 %
Market Concentration High

Major Players

Mexico Data Center Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order

Mexico Data Center Storage Market Analysis

The Mexico Data Center Storage Market size is estimated at USD 421.20 million in 2024, and is expected to reach USD 722.5 million by 2029, growing at a CAGR of 13.10% during the forecast period (2024-2029).

The wide growth of data center storage is significantly attributed to the increasing emphasis on the expansion of IT infrastructure. There are 38 IT clusters throughout the country offering software development, call centers, high-tech manufacturing, and engineering services. Mexico is following the global trend toward a service-centric IT industry, where most technologies are offered under a service contract or lease, leading to opportunities in Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platforms as a Service (PaaS). Such factors fuel the market’s demand.

  • Under Construction IT Load Capacity: The upcoming IT load capacity of the Mexican data center market is expected to reach 480 MW by 2029.
  • Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 2.2 million sq. ft by 2029.
  • Planned Racks: The country's total number of racks to be installed is expected to reach 120,000 units by 2029. Querétaro is expected to house the maximum number of racks by 2029.
  • Planned Submarine Cables: There are around 11 submarine cable systems connecting Mexico, and many are under construction.

Mexico Data Center Storage Industry Segmentation

Data center storage encompasses devices, hardware, networking equipment, and software technologies facilitating the storage of data and applications within data center facilities, which are used for storing, managing, retrieving, distributing, and backing up digital information within such facilities.

The Mexican data center storage market is segmented by storage technology (network attached storage [NAS], storage area network [SAN], direct attached storage [DAS]), storage type (traditional storage, all-flash storage, hybrid storage), end user (IT and telecommunication, BFSI, government, media and entertainment, and other end users). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

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

The Mexico data center storage market is poised for significant growth, driven by the expansion of IT infrastructure and the increasing adoption of service-centric IT models. The country's strategic positioning with 38 IT clusters supports a diverse range of services, including software development and high-tech manufacturing, which are integral to the market's expansion. The shift towards offerings like Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platforms as a Service (PaaS) is creating substantial opportunities. The rollout of 5G networks is further enhancing the digital economy, necessitating advanced data center storage solutions to support high-speed connectivity and emerging IoT applications. Government initiatives, such as the CompuApoyo program, aim to bridge the digital divide by enhancing internet connectivity and access to technology, thereby boosting market demand.

The market is characterized by the increasing demand for NVMe technology, which is driving the adoption of SSD servers and storage appliances. All-flash arrays are transforming data center storage by offering improved agility and cloud-like application consolidation. The rise in big data and analytics is pushing the need for higher storage performance, with NVMe-based SSDs gaining traction. The Mexican government's efforts to expand network connectivity, exemplified by initiatives like Red Troncal, are expected to further stimulate market growth. The competitive landscape is dominated by major players such as Dell Inc., Hewlett Packard Enterprise, and Huawei Technologies Co. Ltd., who are leveraging strategic collaborations to enhance their market presence. Recent developments, including Western Digital's introduction of high-capacity NAS solutions and Dell's collaboration with NVIDIA, highlight the ongoing innovation and investment in the sector.

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Mexico 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 Increased Storage Capacity and Price Reduction Leading to Preference over HDDs

      2. 1.2.2 Evolution of Hybrid Flash Arrays and Increased Sales of all Flash Arrays

    3. 1.3 Market Restraints

      1. 1.3.1 Compatibility and Optimum Storage Performance Issues

    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 By 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 By Storage Type

      1. 2.2.1 Traditional Storage

      2. 2.2.2 All-flash Storage

      3. 2.2.3 Hybrid Storage

    3. 2.3 By 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

Mexico Data Center Storage Market Size FAQs

The Mexico Data Center Storage Market size is expected to reach USD 421.20 million in 2024 and grow at a CAGR of 13.10% to reach USD 722.5 million by 2029.

In 2024, the Mexico Data Center Storage Market size is expected to reach USD 421.20 million.

Mexico Data Center Storage Market Report Snapshots

Mexico Data Center Storage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)