Data Storage Systems Manufacturing Industry Profile

Companies in this industry manufacture devices that allow the storage and retrieval of data from computers. Major companies include Dell EMC, NetApp, and Western Digital (all based in the US); Fujitsu, Hitachi, and Toshiba (Japan); and Seagate (Ireland), as well as the data storage divisions of large computer OEMs such as HPE and IBM.

The global data storage market is forecast to reach $4.2 billion by 2026 and grow at a CAGR of 32.3% during the 2021-2026 forecast period, due to the high adoption of cloud storage technology and external data storage devices, according to IndustryARC. The data storage demand will grow in the coming years, especially in the Asia Pacific, as the number of active mobile users increases, according to Expert Market Research (EMR).

The US data storage systems manufacturing industry includes about 90 companies with combined annual revenue of about $5 billion.

Makers of blank storage media are covered in the Magnetic & Optical Media Manufacturing industry profile.

COMPETITIVE LANDSCAPE

Demand is driven by spending levels in the consumer and enterprise computing markets. The profitability of individual companies depends on operational efficiency and rapid product development. Large companies have advantages in development and marketing budgets, component purchasing power, and sales reach, as well as their ability to offer more comprehensive product lines. Because they typically serve a broader customer base, large companies may also be less vulnerable to declines in individual ...