Research and Markets published a data center storage market forecast projecting growth from USD 89.09 billion in 2026 to
The data center storage market is projected to grow from USD 89.09 billion in 2026 to USD 142.58 billion by 2032, expanding at a compound annual growth rate of 8.2 percent during the forecast period. The report was released on July 13, 2026 and segments and forecasts the market by storage medium, interface, capacity, form factor, deployment type, and end user.
The hyperscale and cloud service providers segment is expected to witness the highest growth rate during the forecast period. This segment's robust growth is fueled by heightened investments in hyperscale facilities, AI infrastructure, and extensive cloud computing environments. Hyperscale and cloud operators demand high-capacity HDDs and high-performance SSDs to manage massive data generation, AI training, virtualization, and real-time analytics. Their shift towards scalable, low-latency, and energy-efficient storage solutions is boosting the deployment of advanced NVMe SSDs and ultra-high-capacity nearline HDDs.
Cloud-based deployment is expected to account for the largest market share during the forecast period. The dominance arises from rising adoption of cloud computing, expansion of hyperscale infrastructure, and enterprises migrating to digital workloads. Cloud storage setups demand scalable, high-capacity, and low-latency HDD and SSD solutions to support AI applications, virtualization, analytics, and real-time data processing.
Asia Pacific is expected to account for the largest market share during the forecast period, reflecting rapid hyperscale data center growth, escalating cloud computing uptake, and burgeoning AI infrastructure investments in key regional economies. The strong semiconductor manufacturing presence and increasing investments by international cloud service providers further bolster the widespread deployment of advanced data center storage solutions.
The data center storage market features established manufacturers including Samsung, SK HYNIX INC., Micron Technology Inc., KIOXIA Corporation, Sandisk Corporation, Seagate Technology LLC, Western Digital Corporation, and Toshiba Electronic Devices & Storage Corporation. Key market opportunities include the growth of hyperscale and cloud service providers driven by AI and cloud expansion, rising demand for cloud-based deployments due to increasing digital workloads, and the dominance of Asia Pacific with its rapid data center expansion and investments in advanced storage solutions.