Middle East & Africa Data Storage Market Size 2021 Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2025
The MEA data storage market was valued at US$ 2,790 Mn in 2016 and is projected to reach US$ 8,431.3 Mn by 2025 end. Sales revenue is expected to increase at a CAGR of 13.6% during the forecast period i.e. 2017–2025. According to a new report published by Future Market Insights titled “Data Storage Market: Middle East & Africa Industry Analysis (2012-2016) and Opportunity Assessment (2017–2025),” major factors responsible for the growth of the data storage market in MEA include increased investments in infrastructure, a notable shift in data centre investments from being server centric to more data and storage centric, and increased adoption of entry-level and mid-range storage devices. MEA Data Storage Market: Prominent Trends Adoption of hybrid cloud storage solutions by small and medium enterprises and software defined storage solutions by large enterprises Demand changes in OPEX and CAPEX Emergence of enterprise flash controllers Demand for secure data storage solutions i