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Saudi Arabia Data Center Storage Market Size (2024 - 2029)

The Saudi Arabia Data Center Storage Market is experiencing significant growth, driven by substantial investments in the country's digital infrastructure. The market's expansion is fueled by the increasing demand for flexible and scalable software solutions, particularly through Software as a Service (SaaS), which aligns with the evolving business needs in the region. This growth trajectory is supported by the development of IT load capacity, raised floor space, and the installation of racks, with Riyadh anticipated to be a central hub. Additionally, the enhancement of submarine cable systems is expected to further bolster the market's capacity and connectivity.

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Market Size of Saudi Arabia Data Center Storage Industry

Saudi Arabia Data Center Storage Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 430.10 Million
Market Size (2029) USD 813.5 Million
CAGR (2024 - 2029) 13.60 %
Market Concentration High

Major Players

Saudi Arabia Data Center Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order

Saudi Arabia Data Center Storage Market Analysis

The Saudi Arabia Data Center Storage Market size is estimated at USD 430.10 million in 2024, and is expected to reach USD 813.5 million by 2029, growing at a CAGR of 13.60% during the forecast period (2024-2029).

Saudi Arabia’s communications and technology market is witnessing rapid growth, with SAR 93 billion (USD 24.7 billion) worth of investments already pumped in over the last six years to develop the country’s digital infrastructure (as per industry experts). SaaS provides flexible, scalable, and cost-effective software solutions that can be quickly deployed and aligned with evolving business requirements in the country. Such factors are driving the market’s demand.

  • Under Construction IT Load Capacity: The upcoming IT load capacity of the Saudi Arabian data center market is expected to reach 854.8 MW by 2029.
  • Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 3.4 million sq. ft by 2029.
  • Planned Racks: The country's total number of racks to be installed is expected to reach 171k units by 2029. Riyadh is expected to house the maximum number of racks by 2029.
  • Planned Submarine Cables: There are around five submarine cable systems connecting Saudi Arabia, and many more are expected during the forecast period.

Saudi Arabia 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 Saudi Arabian data center storage market is segmented by storage technology (network attached storage (NAS), storage area network (SAN), and direct attached storage (DAS)), storage type (traditional storage, all-flash storage, and hybrid storage), and end user (IT & telecommunication, BFSI, government, media & 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 & Telecommunication
BFSI
Government
Media & Entertainment
Other End Users
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Saudi Arabia Data Center Storage Market Size Summary

The Saudi Arabia data center storage market is experiencing significant growth, driven by the rapid expansion of the country's digital infrastructure and the increasing demand for advanced storage solutions. The market is poised for substantial development over the forecast period, supported by substantial investments in communications and technology. The rollout of 5G networks is expected to further bolster the digital economy, enhancing the need for robust data center storage infrastructure. The adoption of enterprise-level technologies such as NVMe and SSDs is on the rise, offering improved performance and interoperability. All-flash arrays are transforming data center storage by providing cloud-like application consolidation and agility, which is crucial for managing the growing data volumes generated by enterprises.

The market landscape is moderately consolidated, with key players like Dell Inc., Hewlett Packard Enterprise, and NetApp Inc. holding significant market shares. These companies are actively expanding their customer bases and enhancing their market positions through strategic collaborations and product innovations. The introduction of advanced data storage technologies and services, such as those by Pure Storage and Western Digital, underscores the competitive dynamics in the market. The alignment with Saudi Vision 2030 and the implementation of a cloud-first strategy are facilitating the adoption of innovative technologies, further driving market growth. The focus on regulatory openness and foreign investment in the technology sector is expected to continue supporting the market's expansion.

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Saudi Arabia 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 Growing Digitalization and Emergence of Data-centric Applications

      2. 1.2.2 Evolution of Hybrid 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 & Telecommunication

      2. 2.3.2 BFSI

      3. 2.3.3 Government

      4. 2.3.4 Media & Entertainment

      5. 2.3.5 Other End Users

Saudi Arabia Data Center Storage Market Size FAQs

The Saudi Arabia Data Center Storage Market size is expected to reach USD 430.10 million in 2024 and grow at a CAGR of 13.60% to reach USD 813.5 million by 2029.

In 2024, the Saudi Arabia Data Center Storage Market size is expected to reach USD 430.10 million.

Saudi Arabia Data Center Storage Market Report Snapshots

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