Computer Storage Devices and Servers Global Market Report 2024

The computer storage devices and servers market size has grown strongly in recent years. It will grow from $105.23 billion in 2023 to $110.55 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth observed in the historical period can be attributed to factors such as the growth of data explosion, the rise of big data analytics, the proliferation of mobile devices, the globalization of businesses, and increasing cybersecurity concerns.

The computer storage devices and servers market size is expected to see strong growth in the next few years. It will grow to $138.08 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The anticipated growth in the forecast period can be attributed to factors such as the development of sustainable data centers, the rise of edge servers, the adoption of NVMe (Non-Volatile Memory Express) for storage devices, an increased focus on data security in servers, and the implementation of storage virtualization for efficiency. Major trends expected in the forecast period include the integration of storage class memory, the implementation of software-defined storage (SDS), the adoption of hybrid and multi-cloud storage solutions, the optimization of storage and servers for artificial intelligence (AI), and the use of shingled magnetic recording (SMR) in HDDs (Hard Disk Drives).

The anticipated growth of the computer storage devices and servers market is driven by the expanding information technology industry. The IT sector, encompassing the creation, management, and application of technology and computer-based systems, plays a pivotal role in the development of computer storage devices and servers. The integration of advanced technologies into these devices is reshaping data management, accessibility, and security, offering novel solutions across various sectors. For example, as of August 2022, the technology sector contributed 8.5% to the GDP in 2021, as reported by Modis. Thus, the upward trajectory of the information technology industry serves as a driving force for the computer storage devices and servers market.

Network-connected storage (NAS) devices, including RAID-based NAS and cloud-based NAS, face susceptibility to hacking, malware, and other virus attacks. The increased availability and accessibility of data amplify vulnerability to malicious threats. An attack on network-attached storage can result in the loss of intellectual property, disrupt business continuity, and undermine customer confidence, potentially causing substantial revenue loss. Consequently, the vulnerability of network-connected storage devices poses a hindrance to the growth of the computer storage devices and servers market.

The demand for solid-state drives (SSDs) is witnessing rapid growth due to their ability to offer higher storage capacity and speed compared to traditional hard disks. SSDs, utilizing non-volatile storage on solid-state flash memory, deliver high-speed data read and write operations for both sequential and random data requests. Unsuch as hard disk drives, SSDs lack moving parts, making them lightweight and compact. Solid-state drives find applications in various devices, including laptops, personal computers, enterprise storage hardware, smartphones, and tablets. According to the International Data Corporation, the solid-state drive market is projected to reach $33.6 billion by 2021, with a compound annual growth rate (CAGR) of 14.8%.

Leading companies in the computer storage devices and servers market are at the forefront of innovation, introducing advanced storage solutions such as pro-grade storage devices to cater to the evolving needs of customers. Pro-grade storage devices ensure high performance and reliability, meeting the demanding requirements of professional users. In December 2022, SanDisk, a US-based computer technology corporation, launched four pro-grade storage devices, including PRO-G40 SSD, G-DRIVE Enterprise Class Desktop Hard Drive, G-RAID Shuttle SSD, and PRO-DOCK 4. These devices are designed to offer professional content creators high performance, reliability, and scalability and are available for purchase through authorized retailers and the Western Digital Store.

In January 2023, Microsoft, a US-based technology company, finalized the acquisition of Fungible for an undisclosed amount. This strategic move by Microsoft aims to enhance its data center infrastructure, particularly focusing on networking and storage performance in data centers. Fungible, a US-based technology company, specializes in developing data processing unit (DPU) hardware and software solutions for high-performance, scalable, and disaggregated data center infrastructure.

Major companies operating in the computer storage devices and servers market report are Apple Inc., Google LLC, Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Inc., Huawei Technologies Co. Ltd., Sony Corp., Tencent Holdings Co Ltd., Amazon Web Services Inc., Lenovo Group, IBM Corporation, Cisco Systems Inc., Micron Technology Inc., The Hewlett Packard Enterprise Company, Toshiba Corporation, Financière de l'Odet SA, Western Digital Technologies Inc., ASUSTeK Computer Inc., Nintendo Co. ltd., Netease Inc., Kingston Technology Corporation, Vmware Inc., Seagate Technology Holdings PLC, Bandai Namco Holdings Inc., Electronic Arts Inc., NetApp Inc., Super Micro Computer Inc., Take-Two Interactive Software Inc., Dropbox Inc., Pure Storage Inc., NEC Corporation, Inspur Group, Quantum Corporation, Synology Inc., pCloud AG.

Asia-Pacific was the largest region in computer storage devices and servers market in 2023. Western Europe was the second largest region in computer storage devices and servers market. The regions covered in the computer storage devices and servers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the computer storage devices and servers market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.

The main types of computer storage devices and servers include computer storage devices, which are hardware devices used to store, port, or retrieve data files and objects. These devices are utilized in mainframes, desktop computers, laptops, tablets, smartphones, and are implemented in various applications, including residential and commercial settings.

The computer storage devices and servers market research report is one of a series of new reports that provides computer storage devices and servers market statistics, including computer storage devices and servers industry global market size, regional shares, competitors with a computer storage devices and servers market share, detailed computer storage devices and servers market segments, market trends and opportunities, and any further data you may need to thrive in the computer storage devices and servers industry. This computer storage devices and servers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The computer storage devices and servers market consists of sales of servers, computer disk drives, USB flash drives, and tape storage and backup units. They store almost all the data and applications on a computer except software permanently programmed on the hardware. This market includes sales of storage servers which are used to store, access, secure and manage digital data, files and services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.


The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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