By 2017, enterprise storage systems market is anticipated to reach $42.5bn.
The spending on enterprise storage systems in emerging markets is anticipated to surpass the spending in the more mature regions in 2014, according to a new report from IDC.
IDC’s Worldwide Enterprise Storage Systems 2013-2017 Forecast: Customer Landscape Is Changing, Defining Demand for New Solutions, report revealed that enterprise storage end user spending in Central Europe, Middle East, and Africa (CEMA) would outpace Japan in 2014.
By 2015, Asia/Pacific is expected to overtake struggling Western Europe as the second largest region following the US, the report said.
IDC Storage Systems research director, Natalya Yezhkova, said that some emerging regions, specifically, APeJ, the Middle East, and Africa, will continue growing at high rates, fuelled by long-term demands for storage and the creation of new storage infrastructures in fast-growing economies.
"Other emerging regions are expected to maintain growth rates that are comparable to those of more mature regions," Yezhkova said.
By 2017, IDC the enterprise storage systems market is anticipated to grow at a compound annual growth rate (CAGR) of 4.1% and reach $42.5bn.
During the forecast period, the market would be driven by digital media and content, data protection, and archiving, following the continuous demand for more storage capacity.
"Adoption of storage efficiency technologies and cloud services will contribute to modestly slower growth in enterprise storage system capacity shipped," Yezhkova added.
"More than 102 exabytes (EB) of external and over 36EB of internal storage system capacity will be shipped in 2017, still significantly higher than the 20EB external and 8EB internal storage shipped in 2012.
"To store the data in the most efficient way, users must not only implement various technologies that help eliminate redundant copies of the data or boost utilisation rates of available storage assets, but also increasingly consider moving beyond their own datacentres and adding third-party storage services (public and private) to the pool of viable storage options."
The report also reveals that emerging regions including APeJ, CEMA, and Latin America combined would account for one third of global enterprise storage systems spending by 2017, rising from 28% in 2012, while the annual growth in storage capacity shipped is expected to remain moderate.