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United States Data Center Storage Market Size (2024 - 2029)

The United States Data Center Storage Market is poised for significant growth, driven by the increasing demand for cloud computing, government regulations for local data security, and substantial investments by domestic players. This expansion is reflected in the evolving IT landscape and the rising need for data storage across the nation. Key factors such as digital transformation, the adoption of e-commerce and digital services, and initiatives in renewable energy, sustainability, smart cities, and IoT are expected to propel the market's development during the forecast period.

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Market Size of United States Data Center Storage Industry

United States Data Center Storage Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 17.02 Billion
Market Size (2029) USD 26.08 Billion
CAGR (2024 - 2029) 8.94 %
Market Concentration Medium

Major Players

United States Data Center Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order

United States Data Center Storage Market Analysis

The United States Data Center Storage Market size is estimated at USD 17.02 billion in 2024, and is expected to reach USD 26.08 billion by 2029, growing at a CAGR of 8.94% during the forecast period (2024-2029).

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.

  • Under Construction IT Load Capacity: The upcoming IT load capacity of the US data center rack market is expected to reach 24,000 MW by 2029.
  • Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 80 million sq. ft by 2029.
  • Planned Racks: The country's total number of racks to be installed is expected to reach 4,035,000 units by 2029. Northern Virginia is expected to house the maximum number of racks by 2029.
  • Planned Submarine Cables: There are more than 90 submarine cable systems connecting the United States, and many are under construction. One such submarine cable that is estimated to start service in 2025 is Gold Data-1, which stretches over 2,333 km with landing points from Naples, United States.
  • An increasing need for data storage has resulted in an upsurge in the number of data centers nationwide. Several factors contribute to the demand for data centers and their growth within the United States, which is reflected by the country's evolving IT landscape, business activities, and technological initiatives. Key drivers that propel the development of data centers in the nation include digital transformation, cloud computing adoption, e-commerce and digital services, renewable energy and sustainability, and smart cities and IoT initiatives. Hence, such factors are expected to drive market growth during the forecast period.

United States 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 US 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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United States Data Center Storage Market Size Summary

The United States data center storage market is poised for significant growth, driven by the increasing demand for cloud computing, stringent government regulations on data security, and substantial investments by domestic players. The market is experiencing a surge in demand due to the rapid digital transformation, widespread adoption of cloud services, and the expansion of e-commerce and digital services. The proliferation of IoT devices and the need for efficient data management solutions are further propelling the market's expansion. As businesses increasingly adopt hybrid cloud solutions, the demand for colocation services and data center storage solutions is expected to rise, reflecting the evolving IT landscape in the country.

The market is moderately consolidated, with key players like Dell Inc., Hewlett Packard Enterprise, NetApp Inc., Hitachi Vantara LLC, and Kingston Technology Company Inc. leading the charge in enhancing data center storage solutions. These companies are focusing on expanding their regional customer base and improving their offerings to meet the growing market demand. The introduction of advanced technologies such as AI, machine learning, and analytics necessitates robust hybrid storage infrastructure, which is becoming increasingly important in the competitive business environment. The ongoing construction of data centers and the adoption of fiber optic technology, alongside the rise in internet usage and 5G adoption, are expected to further drive the market's growth in the coming years.

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United States 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 Increasing Demand for Cloud Computing Capabilities Drives Market Growth

      2. 1.2.2 Adoption of Green Practices in Data Centers Drives Market Growth

    3. 1.3 Market Restraints

      1. 1.3.1 High Maintenance and Replacement Cost

    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

United States Data Center Storage Market Size FAQs

The United States Data Center Storage Market size is expected to reach USD 17.02 billion in 2024 and grow at a CAGR of 8.94% to reach USD 26.08 billion by 2029.

In 2024, the United States Data Center Storage Market size is expected to reach USD 17.02 billion.

United States Data Center Storage Market Report Snapshots

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