Top Hardware Storage Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Hardware Storage Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Hardware Storage industry players.

Hardware Storage Market Competitive Landscape

To stay ahead of the competition, key players in the hardware storage market are expanding their product portfolios by leveraging innovative technologies. Despite this, many market participants are expanding their data storage business by providing cloud solutions. Partnerships and collaborations are formed to broaden the product portfolio through the use of advanced technologies. Furthermore, key players are focusing on expanding their product portfolios to grow their businesses. For instance, NetApp Inc. acquired Talon Storage (US), a leader in next-generation software-defined storage solutions, to enable global enterprises to centralize and consolidate IT storage infrastructure to public clouds.

Top Players in Hardware Storage Market

  • Dell Technologies 
  • Hewlett Packard Enterprise (HPE) 
  • NetApp 
  • IBM Corporation 
  • Hitachi Vantara 
  • Pure Storage 
  • Cisco Systems 
  • Western Digital Corporation 
  • Lenovo Group 
  • Huawei Technologies 
  • Seagate Technology 
  • Oracle Corporation 
  • Fujitsu Limited 
  • Toshiba Corporation 
  • NEC Corporation

Hardware Storage Market Recent Development

  • In September 2022, Seagate introduces next-generation Exos X storage arrays with twice the performance and self-healing technology, powered by Seagate's sixth-generation controller architecture. The new Exos X systems offer up to twice the performance of the previous generation as well as improved enterprise-class durability.
  • In September 2021, Amazon.com, Inc.'s subsidiary Amazon Web Service, Inc. collaborated with NetApp Inc. to make Ontap storage service with Amazon FSx managed file system available to the public. Customers could run fully managed NetApp ONTAP file systems in the cloud.
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Global Hardware Storage Market size was valued at USD 50.1 billion in 2023 and is poised to grow from USD 52.81 billion in 2024 to USD 80.43 billion by 2032, growing at a CAGR of 5.4% during the forecast period (2025-2032).

To stay ahead of the competition, key players in the hardware storage market are expanding their product portfolios by leveraging innovative technologies. Despite this, many market participants are expanding their data storage business by providing cloud solutions. Partnerships and collaborations are formed to broaden the product portfolio through the use of advanced technologies. Furthermore, key players are focusing on expanding their product portfolios to grow their businesses. For instance, NetApp Inc. acquired Talon Storage (US), a leader in next-generation software-defined storage solutions, to enable global enterprises to centralize and consolidate IT storage infrastructure to public clouds. 'Dell Technologies ', 'Hewlett Packard Enterprise (HPE) ', 'NetApp ', 'IBM Corporation ', 'Hitachi Vantara ', 'Pure Storage ', 'Cisco Systems ', 'Western Digital Corporation ', 'Lenovo Group ', 'Huawei Technologies ', 'Seagate Technology ', 'Oracle Corporation ', 'Fujitsu Limited ', 'Toshiba Corporation ', 'NEC Corporation'

Companies have become increasingly reliant on algorithms in recent years. Some examples of how companies use algorithms to provide goods and services to their target customers include Google notifying its customers about the newest news from around the world according to their previous searches, YouTube recommending YouTube content based on the types of content they have seen previously, and e-commerce websites popping up ads with a list of products that users had checked out previously.

The COVID-19 pandemic has hampered business operations in a variety of industries. To meet the growing demand for data storage around the world, key suppliers are actively developing storage facilities. According to the Forbes report, an approximate 2.5 quintillion bytes of data will be generated each day in 2022, and the data is growing faster than internet access adoption. In addition, with an increase in internet traffic during the COVID-19 pandemic, demand for network-connected storage solutions increased. Based on Association for Computing Machinery Organization Report, European countries experienced a 20% increase in internet traffic following the public announcement of the lockdown.

During the forecast period, North America is expected to have the largest market share. The United States is a significant contributor to the region's market growth. Popular US digital platforms such as Google, Facebook, and Amazon, among others, have a very strong market share all across the region. For instance, Google controls 90% of the global internet search market; Facebook controls two-thirds of the global social media market and is the top social media platform in 90% of the world's economies, and Amazon controls 40% of global e-commerce activity. These platforms rely heavily on digital data to provide their users with personalized services. Collecting such computer data (digital data) is therefore a basic requirement for them, and they collectively place a strong market for storage, both hardware, and software-based. Meanwhile, China is dominated by similar but domestically based companies such as Alibaba, WeChat (owned by Tencent), and others, all of which operate on data, thereby increasing demand for storage devices and facilities.

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Global Hardware Storage Market
Hardware Storage Market

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