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Market Insight- GCC and Levant Data Storage Market

Market Overview

Data storage refers to recording information in a storage medium. There are different types of storage media are available including magnetic tape, optical discs, phonographic recording, DNA & RNA, handwriting, etc. Electronic data storage requires electric power to store and retrieve data. Technological advancements in information and social technology have led to growth in data storage. Small and medium-sized enterprises (SMEs) are increasingly leveraging big data and the internet of things (IoT)-enabled services to expand their presence in storage market.

The GCC and Levant data storage market was valued US$ 2,937.5 Mn in 2019 and expected to reach US$ 8,556.4 Mn by 2027.

Market Dynamics- Drivers

  1. Technological advancements in information and social technology are expected to drive growth of the GCC and Levant Data storage data market during the forecast period

Many business enterprises are focused on data centers and services instead of duplication and social technology, in order to manage big data. However, growing amounts of data across enterprises have made these technologies inadequate in meeting desired requirements. Thus, business enterprises are rapidly shifting towards scale-out architecture such as storage virtualization and hyper-converged infrastructure from conventional architecture. As a result of this, enterprises can avail more improved and scalable platform, which is also cost-effective. Moreover, increasing demand for smartphones and IoT devices combined with high growth of social media channels has increased the demand for additional storage. Thus, these factors are expected to drive growth of the market during the forecast period.

  1. High growth of cloud computing is expected to propel the GCC and Levant data storage market growth over the forecast period

Cloud computing has received significant traction in the recent past since it is cost-effective and hassle-free for storage facilities. In 2013, NetApp, Inc. reported that its revenue from cloud providers doubled. Moreover, NetApp announced that GCC and Levantly, over 200 cloud services were based on its technology. EMC Corporation is also targeting the cloud storage market aggressively. Therefore, these factors are expected to propel the GCC and Levant data storage market growth in the near future.

GCC Countries dominated the GCC and Levant data storage market in 2019, accounting for 77.1% share in terms of value, followed by Levant Countries.

Market Dynamics- Restraints

  1. Limited options of remote storage management services are expected to hinder the GCC and Levant data storage market growth over the forecast period

Increasing competition in the IT industry has put immense pressure on businesses to increase returns at lower costs. Many organizations are focused on implementing cost-cutting measures such as decreasing the number of employees and outsourcing storage provisioning and monitoring. As a result of this, demand for remotely managed services has increased significantly with limited options available in the market. Thus, these factors are expected to hinder the market growth in the near future.

  1. Slow responses offered by vendors to increasing demand is expected to hamper the GCC and Levant data storage market growth during the forecast period

Enterprises require vendors to respond quickly to their data storage requirements, in order to meet increasing demand for changing businesses and technological advancements. However, some of these enterprises are witnessing sluggish responses from vendors to increasing demand, which in turn, is expected to restrict growth of the GCC and Levant storage market growth during the forecast period.

Market Opportunities

  1. Introduction of IoT and connected devices can present major business opportunities

According to Coherent Market Insights’ analysis, there are around 10 billion connected devices across the globe, which includes smartphones and laptops. According to the same source, this number is expected to triple in the next five years. Thus, the need for storage solutions that would load, reload, and identify relevant data in real-time is increasing. Moreover, the consumer storage devices such as HDD, SDD, and memory cards are expected to witness significant demand during the forecast period. As a result of this, enterprise data storage vendors would encounter robust demand for virtual storage cloud platforms from businesses that need to process terabytes of customer data. Thus, the advent of Internet of Things (IoT) is expected to present a huge opportunity for data storage vendors in the near future.

  1. Massive shift towards converged infrastructure solutions from traditional can provide lucrative growth opportunities

The converged infrastructure market has become the go-to-market for a majority of IT infrastructure developers/service providers. A massive shift from conventional to converged infrastructure solutions offer major growth opportunities for enterprise data storage vendors. Moreover, converged infrastructure solutions minimize compatibility issues and streamline the process of managing servers, networking devices, and storage systems at minimal costs.

GCC and Levant Data Storage  | Coherent Market Insights

Source: Coherent Market Insights

Market Trends

  1. Growing demand for changes in OPEX and CAPEX

Over the past 10 years, the total cost of storage has increased by about 7% per year. This surge in prices has been mainly attributed to operational costs (OPEX), while the cost of hardware (CAPEX) has been relatively flat. According to the ongoing trend, CAPEX is expected to rise further and account for a greater share of the total cost of ownership, because of the increasing functionalities in hardware and rise in demand for storage capacity

  1. Rising demand for secure hybrid storage in defense and aerospace

Aerospace and defense system designers seek storage solutions with reliability, encryption or other security features, compact size, high storage capacity and ability to withstand extreme temperature. Hence, hyper-convergence and software-defined networking form the ongoing trend in the aerospace and defense industry currently.

  1. Increasing use of data storage in the BFSI sector

The banking and finance sectors are focusing more on data storage than marketing these days. BFSI firms are investing some of their marketing funds into new storage infrastructures, such as software-defined storage and hyper-converged infrastructure.

Segment information:

In GCC and Levant data storage market, by application segment, the Enterprise Data Storage, sub-segment dominated the GCC and Levant market in 2019, accounting for 83.6% share in terms of value, followed by Consumer Data Storage.

GCC and Levant Data Storage  | Coherent Market Insights

Source: Coherent Market Insights

Regulations

UAE regulations

On February 23, 2013, a new competition law (Federal Law No. 4 of 2012), “The Competition Law” was implemented in the UAE. The law pursues to regulate market behavior, particularly in relation to misuse of merger control, dominant position and regulation of restrictive agreements.

In January 2015, the UAE Cabinet issued implementing regulations relating to the Competition Law (Cabinet Decision No. 37 of 2014 (the Regulations), which came into force on October 27, 2014. 

The Merger Law:

Applications for exemptions and merger approvals along with certain specified documents should be submitted to the competition department of the UAE Ministry of Economy (the Department). The UAE Minister of Economy needs to reach a conclusion within 90 days of notifying the respective parties of the receipt of the application. This period can be extended by a further 45 days.

Value Chain Analysis

GCC and Levant Data Storage  | Coherent Market Insights

Competitive Section

Key players operating in the GCC and Levant data storage market are Nexenta Systems, IBM Corporation, EMC Corporation (Dell Inc.), Microsoft Corporation, Hitachi Data Systems (Hitachi Ltd), VMware, Inc., Sandisk Corporation, Hewlett Packard Enterprise Co., Open Text Corp., DataDirect Networks (DDN), and NetApp Inc.

Key Developments

  1. Major companies in the market are focused on mergers and acquisitions, in order to enhance the market presence. For instance, in May 2019, DataDirect Networks (DDN), a U.S.-based cloud management company, acquired Nexenta Systems, a software-defined storage (SDS) provider.
  2. Key players in the market are involved in product launches, in order to expand the product portfolio. For instance, in October 2019, IBM Corporation introduced storage software for a new appliance targeting artificial intelligence and data analytics workloads.

 

GCC and Levant Data Storage Market Report Coverage

Report Coverage

Details

Base Year:

2019

Market Size in 2019:

Over USD 2 billion

Historical Data for:

2016 to 2019

Forecast Period:

2020 to 2027

Forecast Period 2020 to 2027 CAGR:

Over 14%

2027 Value Projection:

Over USD 8 billion

Geographies covered (11):

Mention all the countries:

    • UAE
    • Kuwait
    • Saudi Arabia
    • Oman
    • Qatar
    • Bahrain Turkey
    • Israel
    • Egypt
    • Lebanon
    • Jordan
    • Cyprus
    • Rest of Levant

Segments covered:

1.By Applications

    • Consumer Data Storage Devices
      • Hard Disk Drive (HDD)
      • Solid State Devices (SSD)
      • Memory Cards
      • Optical Disk
      • USB Flash Drives
    • Enterprise Data Storage Devices
    • Flash Storage and Hard Disks
    • Cloud-based Storage
    • Software-defined Storage
    • Hyper-converged Infrastructure

2.By End Users

    • Residential
    • Commercial
      • SME Enterprise
      • Large Enterprise

3.By Industry Verticals

    • BFSI
    • Healthcare
    • Government
    • Telecom and IT
    • Defense and Aerospace 
    • Education
    • Other

Companies covered (11):

Nexenta Systems, IBM Corporation, EMC Corporation (Dell Inc.), Microsoft Corporation, Hitachi Data Systems (Hitachi Ltd), VMware, Inc., Sandisk Corporation, Hewlett Packard Enterprise Co., Open Text Corp., DataDirect Networks (DDN), and NetApp Inc.

Growth Drivers:

    • Technological advancements in information and social technology are expected to drive growth of the GCC and Levant Data storage data market during the forecast period.
    • High growth of cloud computing is expected to propel the GCC and Levant data storage market growth over the forecast period.

Restraints & Challenges:

    • Limited options of remote storage management services are expected to hinder the GCC and Levant data storage market growth over the forecast period
    • Slow responses offered by vendors to increasing demand is expected to hamper the GCC and Levant data storage market growth during the forecast period.

 

Data storage refers to recording information in a storage medium. There are different types of storage media are available including magnetic tape, optical discs, phonographic recording, DNA & RNA, handwriting, etc. Electronic data storage needs electric power to store and retrieve data that’s why it uses media such as compact disc, cloud, memory card, HDD, SDD, and more. Technological advancements in information and social technology have led to growth in data storage. Technological advancements in information and social technology have led to growth in data storage. Small and medium-sized enterprises (SMEs) are increasingly leveraging big data and the internet of things (IoT)-enabled services to expand their presence in storage market. GCC and Levant data storage market focuses on two major regions namely GCC and Levant.

Market Dynamics

Increasing adoption of cloud based technology is driving the data storage market for GCC and Levant. Companies are adopting cloud based technology since it is cost-effective and hassle-free for storage facilities. Moreover, NetApp announced that globally, over 200 cloud services were based on its technology. EMC Corporation is also targeting the cloud storage market aggressively. Cloud based storage are growing to increase in the forecast period. Furthermore, many cloud companies are dropping their price. For instance, in April 2019, Amazon web services has launched new cloud storage technology, through this technology AWS will provide US$ 0.002/TB from US$2.00/TB.

Furthermore, increasing adoption of internet of technology (IoT) and connected devices are expected to provide lucrative growth opportunities to the key players in the forecast period (2020-2027). According to Coherent Market Insights’ analysis, there are around 10 billion connected devices across the globe, which includes smartphones and laptops. According to the same source, this number is expected to triple in the next five years. Thus, the need for storage solutions that would load, reload, and identify relevant data in real-time is increasing. Moreover, the consumer storage devices such as HDD, SDD, and memory cards are expected to witness significant demand during the forecast period.

Market Taxonomy

This report segments the GCC and Levant data storage market on the basis of application, End-user, industry verticals and region. On the basis of application, GCC and Levant data storage market is segmented into Consumer Data Storage Devices and Enterprise Data Storage Devices. On the basis of application, the GCC and Levant data storage market is segmented into Residential and Commercial. On the basis of Industry Verticals, the GCC and Levant data storage market is segmented into BFSI, Healthcare, Government, Telecom and IT, Defense and Aerospace and Education. On the basis of region, GCC and Levant data storage market is segmented into GCC (UAE, Kuwait, Saudi Arabia, Oman, Qatar, and Bahrain) and Levant (Turkey, Israel, Egypt, Lebanon, Jordan, Cyprus and Rest of Levant)

Key features of the study:

  • This report provides an in-depth analysis of the GCC and Levant data storage market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the GCC and Levant data storage market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the GCC and Levant data storage market includes Nexenta Systems, IBM Corporation, EMC Corporation (Dell Inc.), Microsoft Corporation, Hitachi Data Systems (Hitachi Ltd), VMware, Inc., Sandisk Corporation, Hewlett Packard Enterprise Co., Open Text Corp., DataDirect Networks (DDN), and NetApp Inc.
  • These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The GCC and Levant data storage market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the GCC and Levant data storage market.

Detailed Segmentation:

  • GCC and Levant Data Storage Market, By Application:
    • Consumer Data Storage Devices
      • Hard Disk Drive (HDD)
      • Solid State Devices (SSD)
      • Memory Cards
      • Optical Disk
      • USB Flash Drives
    • Enterprise Data Storage Devices
      • Flash Storage and Hard Disks
      • Cloud-based Storage
      • Software-defined Storage
      • Hyper-converged Infrastructure
  • GCC and Levant Data Storage Market, By End-user:
    • Residential
    • Commercial
      • SME Enterprise
      • Large Enterprise
  • GCC and Levant Data Storage Market, By Industry Verticals:
    • BFSI
    • Healthcare
    • Government
    • Telecom and IT
    • Defense and Aerospace 
    • Education
    • Other
  • GCC and Levant Data Storage Market, By Region:
    • GCC
      • UAE
      • Kuwait
      • Saudi Arabia
      • Oman
      • Qatar
      • Bahrain
    • Levant
      • Turkey
      • Israel
      • Egypt
      • Lebanon
      • Jordan
      • Cyprus
      • Rest of Levant
  • Company Profiles
    • Nexenta Systems*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • IBM Corporation
    • EMC Corporation (Dell Inc.)
    • Microsoft Corporation
    • Hitachi Data Systems (Hitachi Ltd)
    • VMware, Inc.
    • Sandisk Corporation
    • Hewlett Packard Enterprise Co.
    • Open Text Corp.
    • DataDirect Networks (DDN)
    • NetApp Inc.

*Browse all the market data tables and figures on “GCC and Levant Data Storage Market- Forecast to 2027”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By End Users
      • Market Snippet, By Industry Verticals
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. GCC and Levant Data Storage Market, By Application, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Consumer Data Storage Devices
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
        • Hard Disk Drive (HDD)
        • Solid State Devices (SSD)
        • Memory Cards
        • Optical Disk
        • USB Flash Drives
    • Enterprise Data Storage Devices
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
        • Hard Disk Drive (HDD)
        • Solid State Devices (SSD)
        • Memory Cards
        • Optical Disk
        • USB Flash Drives
  5. GCC and Levant Data Storage Market, By End Users, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Residential
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Commercial
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
        • SME Enterprise
        • Large Enterprise
  6. GCC and Levant Data Storage Market, By Industry Verticals, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • BFSI
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Healthcare
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Government
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Telecom and IT
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Defense and Aerospace 
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Education
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Other
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
  7. GCC and Levant Data Storage Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
    • GCC
      • Regional Trends
      • Market Size and Forecast, By Application, 2020–2027 (US$ Million)
      • Market Size and Forecast, By End Users, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Industry Verticals, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • UAE
        • Kuwait
        • Saudi Arabia
        • Oman
        • Qatar
        • Bahrain
    • Levant
      • Regional Trends
      • Market Size and Forecast, By Application, 2020–2027 (US$ Million)
      • Market Size and Forecast, By End Users, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Industry Verticals, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Turkey
        • Israel
        • Egypt
        • Lebanon
        • Jordan
        • Cyprus
        • Rest of Levant
  8. Competitive Landscape
    • Company Profiles
      • Nexenta Systems
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • IBM Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • EMC Corporation (Dell Inc.)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Microsoft Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Hitachi Data Systems (Hitachi Ltd)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • VMware, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sandisk Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Hewlett Packard Enterprise Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Open Text Corp.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • DataDirect Networks (DDN)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • NetApp Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse XX market data tables and XX figures on “GCC and Levant Data Storage Market-forecast to 2027”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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