Latin America Data Center Storage Market Analysis, Forecast

Name: Latin America Data Center Storage Market - Industry Outlook & Forecast 2022-2027
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THE LATIN AMERICA DATA CENTER STORAGE MARKET SIZE WAS VALUED AT USD 1.1 BILLION IN 2021 AND IS EXPECTED TO REACH USD 1.7 BILLION BY 2027, GROWING AT A CAGR OF 7.94%.

The Latin America Data Center Storage Market Size, Share, Growth Analysis Report by

Storage Architecture: NAS, SAN, and DAS
System: Traditional Storage, All-Flash Storage, and Hybrid Storage
Industry: BFSI, Government, Cloud/IT, and Others

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2022–2027.

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Most Exhaustive Report

162 Pages

9 Tables

48 Charts

1 Regions

4 Countries

19 Companies

4 Market Segment

LATIN AMERICA DATA CENTER STORAGE MARKET REPORT SCOPE

Report Attribute	Details
Market Size (2027)	USD 1.7 Billion
Market Size (2022)	USD 1.1 Billion
CAGR (2022-2027)	7.94%
Base Year	2021
Forecast Year	2022-2027
Market Segments	Storage Architecture, System, and Industry
Geographic Analysis	Latin America
Countries Covered	Brazil, Mexico, Chile, and Rest of Latin America

MARKET OVERVIEW

The Latin America data center storage market is expected to reach $1.7 billion by 2027 from $1.1 billion in 2021, growing at a CAGR of 7.94% from 2022 to 2027. The Latin American data center storage market is driven by increasing digitalization, accelerated data center investments, especially by cloud service providers, and the adoption of advanced storage technology, like NVMe and software-defined storage. The data center storage market comprises several products, such as hard disk drives, solid-state drives, storage networking, and other infrastructure. This infrastructure is critical for effective data center storage. The Latin American data center market has grown strongly over the last five years. Especially after the outbreak of COVID-19, the demand for cloud and colocation services has skyrocketed in the market. In 2021, Brazil continued to dominate the data center storage space, whereas Mexico and Chile were upcoming destinations for storage spending in Latin America. The market is also dominated by expansion by global and local cloud service providers across the region. In addition, the demand is driven by government digitalization initiatives to support the growing consumption of online content by consumers in the region.

KEY HIGHLIGHTS

Cloud service providers mainly contribute to Latin America's data center storage market. Expanding cloud presence through establishing multiple cloud regions across countries like Brazil, Mexico, Chile, Colombia, and Argentina will drive high-performance storage adoption in the market.
In 2021, all-flash and hybrid storage systems contributed to around 65% of the market revenue, whereas traditional HDD-based systems dominated in terms of capacity.
The contribution to the storage spending by enterprises across other countries is mostly restricted to on-premises deployment. The leading countries have witnessed strong growth in data center outsourcing services, especially colocation and managed services.
Most investments will come from telecommunication service providers across several countries in Latin America as they continue to invest in improving connectivity and offering IT services to end-users.
Edge data center deployments and establishing cloud regions at the edge by hyperscale operators will significantly boost the market growth.

SEGMENTAL ANALYSIS

Storage architecture/topology, Network Attached Storage (NAS) systems dominate the market adoption, followed by Storage Area Networking (SAN) and Direct Attached Systems (DAS).
Adopting technologies such as big data and IoT via digitalization initiatives by local enterprises will boost the procurement of all-flash and hybrid array systems.
In Latin America, cloud, IT, and telecom segments are expected to witness the fastest growth in terms of data center storage, owing to factors such as the adoption of cloud by enterprises, the development of edge data centers due to 5G deployments, and initiatives such as the pay-as-you-go model for cloud storage.

KEY MARKET TRENDS

Increasing Innovation in Data Center Storage

Innovations in storage media expected to impact the Latin American storage market include adopting DNA and holographic storage.
Tape storage is also returning to the storage market, with companies such as Quantum (LTO-9, LTO-8, and LTO-7 tape drives) and Hewlett Packard Enterprise (LTO Ultrium) offering tape storage in the market.

ADOPTION OF SOFTWARE-DEFINED STORAGE

Software-defined storage is expected to increasingly be used in data centers over the next few years, mainly due to over 80% of the data generated is unstructured, which makes it more difficult to store in a traditional storage system.
Though the use cases of software-defined storage are currently minimal in the Latin American market, the adoption will grow, along with hyper-converged platforms/rack-level architecture being adopted, even in on-premise deployments in Latin America.

GEOGRAPHICAL ANALYSIS

Brazil contributed around 40% to storage spending in 2021. Mexico and Chile are expected to flourish during 2022-2023, following Colombia and Argentina during 2024-2026.
Around 25% of large enterprises in Brazil have adopted AI and machine learning technologies, contributing to the strong growth of high-performance storage systems in the market.
In other Latin American countries, currently, there is a meager presence of third-party data center services, which is expected to grow via investments by technological firms and cloud service providers, further contributing to the storage market growth.

VENDOR ANALYSIS

In Latin America, the data center storage market is very competitive, especially with the advent of ODM infrastructure procured by hyperscale operators for their storage needs.
The major procurement of storage infrastructure in Latin America is being carried out by cloud service providers involved in rapid expansions across the region with additional cloud regions. These operators are involved in procuring storage systems, ranging from low to high-performance storage solutions.
Storage infrastructure vendors such as Huawei, Fujitsu, IBM, HPE, NetApp, Pure Storage, and Dell Technologies have a strong presence in the region, either directly or through reseller/distribution partners.

Latin America Data Center Storage Market - Industry Outlook & Forecast 2022-2027

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Frequently Asked Questions

HOW BIG IS THE LATIN AMERICA DATA CENTER STORAGE MARKET?

The Latin America data center storage market was valued at USD 1.1 billion in 2021 and is expected to reach USD 1.7 billion by 2027, growing at a CAGR of 7.94%.

WHICH COUNTRY ACROSS LATIN AMERICA HOLDS THE LARGEST SHARE IN THE DATA CENTER STORAGE MARKET?

Brazil holds the largest Latin America data center storage market share.

WHAT ARE THE GROWTH FACTORS IN THE LATIN AMERICA DATA CENTER STORAGE MARKET?

Adoption of IoT and Big Data processing, growing deployment of flash storage, and increasing adoption of AI & ML workloads are the major growth factors in the market.

WHO ARE THE PLAYERS IN THE LATIN AMERICA DATA CENTER STORAGE MARKET?

Dell Technologies, Fujitsu, Hewlett Packard Enterprise (HPE), Hitachi Vantara, Huawei, IBM, and Intel are some market players.

WHAT ARE THE LATEST TRENDS IN THE LATIN AMERICA DATA CENTER STORAGE MARKET?

Adoption of NVMe storage, tape storage, storage media, and software-defined storage are some of the latest trends in the Latin America data center storage market.

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The Latin America data center storage market was valued at USD 1.1 billion in 2021 and is expected to reach USD 1.7 billion by 2027, growing at a CAGR of 7.94%.

The following factors are likely to contribute to the growth of the market during the forecast period:

Adoption of IoT and Big Data Processing
Growing Deployment of Flash Storage
Increasing Adoption of AI & ML Workloads

Base Year: 2021

Forecast Year: 2022-2027

Prominent Vendors

Dell Technologies
- Business Overview
- Product Offerings
Fujitsu
Hewlett Packard Enterprise (HPE)
Hitachi Vantara
Huawei
IBM
Intel
Kingston Technology
Lenovo
NEC
NetApp
Oracle
Pure Storage
Samsung Electronics
Seagate Technology
Solidigm
Toshiba
Western Digital
Wistron (WIWYNN)

Segmentation by Storage Architecture

Segmentation by System

Traditional Storage
All-Flash Storage
Hybrid Storage

Segmentation by Industry

BFSI
Government
Cloud/IT
Others

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION

4.2 BASE YEAR

4.3 SCOPE OF THE STUDY

4.3.1 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

6 MARKET AT A GLANCE

7 PREMIUM INSIGHTS

8 MARKET OPPORTUNITIES & TRENDS

8.1 5G & EDGE DATA CENTER DEPLOYMENTS

8.2 ADOPTION OF NVME STORAGE

8.3 ADOPTION OF SOFTWARE-DEFINED STORAGE

8.4 ADOPTION OF TAPE STORAGE

8.5 INNOVATIONS IN STORAGE MEDIA

9 MARKET GROWTH ENABLERS

9.1 IMPACT OF COVID-19

9.2 IOT AND BIG DATA PROCESSING

9.3 GROWING DEPLOYMENT OF FLASH STORAGE

9.4 INCREASING ADOPTION OF AI & ML WORKLOADS

9.5 CLOUD ADOPTION DOMINATING STORAGE SPENDING

9.6 INCREASING COLOCATION DATA CENTER INVESTMENTS ACROSS THE REGION

10 MARKET RESTRAINTS

10.1 SUPPLY SHORTAGES

10.2 LACK OF A SKILLED WORKFORCE

10.3 CYBERSECURITY CONCERNS

11 MARKET LANDSCAPE

11.1 MARKET OVERVIEW

11.2 MARKET SIZE & FORECAST

11.3 FIVE FORCES ANALYSIS

11.3.1 THREAT OF NEW ENTRANTS

11.3.2 BARGAINING POWER OF SUPPLIERS

11.3.3 BARGAINING POWER OF BUYERS

11.3.4 THREAT OF SUBSTITUTES

11.3.5 COMPETITIVE RIVALRY

12 STORAGE ARCHITECTURE

12.1 MARKET SNAPSHOT & GROWTH ENGINE

12.2 NAS

12.2.1 MARKET OVERVIEW

12.2.2 MARKET SIZE & FORECAST

12.3 SAN

12.3.1 MARKET OVERVIEW

12.3.2 MARKET SIZE & FORECAST

12.4 DAS

12.4.1 MARKET OVERVIEW

12.4.2 MARKET SIZE & FORECAST

13 SYSTEM

13.1 MARKET SNAPSHOT & GROWTH ENGINE

13.2 TRADITIONAL STORAGE

13.2.1 MARKET OVERVIEW

13.2.2 MARKET SIZE & FORECAST

13.3 ALL-FLASH STORAGE

13.3.1 MARKET OVERVIEW

13.3.2 MARKET SIZE & FORECAST

13.4 HYBRID STORAGE

13.4.1 MARKET OVERVIEW

13.4.2 MARKET SIZE & FORECAST

14 INDUSTRY

14.1 MARKET SNAPSHOT & GROWTH ENGINE

14.2 BFSI

14.2.1 MARKET OVERVIEW

14.2.2 MARKET SIZE & FORECAST

14.3 GOVERNMENT

14.3.1 MARKET OVERVIEW

14.3.2 MARKET SIZE & FORECAST

14.4 CLOUD/IT

14.4.1 MARKET OVERVIEW

14.4.2 MARKET SIZE & FORECAST

14.5 OTHERS

14.5.1 MARKET OVERVIEW

14.5.2 MARKET SIZE & FORECAST

15 GEOGRAPHY

15.1 MARKET SNAPSHOT & GROWTH ENGINE

16 BRAZIL

16.1 MARKET OVERVIEW

16.2 MARKET SIZE & FORECAST

17 MEXICO

17.1 MARKET OVERVIEW

17.2 MARKET SIZE & FORECAST

18 CHILE

18.1 MARKET OVERVIEW

18.2 MARKET SIZE & FORECAST

19 REST OF LATIN AMERICA

19.1 MARKET OVERVIEW

19.2 MARKET SIZE & FORECAST

20 COMPETITIVE LANDSCAPE

20.1 COMPETITION OVERVIEW

21 VENDOR LANDSCAPE

21.1 DELL TECHNOLOGIES

21.1.1 BUSINESS OVERVIEW

21.1.2 PRODUCT OFFERINGS

21.2 FUJITSU

21.2.1 BUSINESS OVERVIEW

21.2.2 PRODUCT OFFERINGS

21.3 HEWLETT PACKARD ENTERPRISE

21.3.1 BUSINESS OVERVIEW

21.3.2 PRODUCT OFFERINGS

21.4 HITACHI VANTARA

21.4.1 BUSINESS OVERVIEW

21.4.2 PRODUCT OFFERINGS

21.5 HUAWEI

21.5.1 BUSINESS OVERVIEW

21.5.2 PRODUCT OFFERINGS

21.6 IBM

21.6.1 BUSINESS OVERVIEW

21.6.2 PRODUCT OFFERINGS

21.7 INTEL

21.7.1 BUSINESS OVERVIEW

21.7.2 PRODUCT OFFERINGS

21.8 KINGSTON TECHNOLOGY

21.8.1 BUSINESS OVERVIEW

21.8.2 PRODUCT OFFERINGS

21.9 LENOVO

21.9.1 BUSINESS OVERVIEW

21.9.2 PRODUCT OFFERINGS

21.10 NEC

21.10.1 BUSINESS OVERVIEW

21.10.2 PRODUCT OFFERINGS

21.11 NETAPP

21.11.1 BUSINESS OVERVIEW

21.11.2 PRODUCT OFFERINGS

21.12 ORACLE

21.12.1 BUSINESS OVERVIEW

21.12.2 PRODUCT OFFERINGS

21.13 PURE STORAGE

21.13.1 BUSINESS OVERVIEW

21.13.2 PRODUCT OFFERINGS

21.14 SAMSUNG ELECTRONICS

21.14.1 BUSINESS OVERVIEW

21.14.2 PRODUCT OFFERINGS

21.15 SEAGATE TECHNOLOGY

21.15.1 BUSINESS OVERVIEW

21.15.2 PRODUCT OFFERINGS

21.16 SOLIDIGM

21.16.1 BUSINESS OVERVIEW

21.16.2 PRODUCT OFFERINGS

21.17 TOSHIBA

21.17.1 BUSINESS OVERVIEW

21.17.2 PRODUCT OFFERINGS

21.18 WESTERN DIGITAL

21.18.1 BUSINESS OVERVIEW

21.18.2 PRODUCT OFFERINGS

21.19 WISTRON (WIWYNN)

21.19.1 BUSINESS OVERVIEW

21.19.2 PRODUCT OFFERINGS

22 REPORT SUMMARY

22.1 KEY TAKEAWAYS

23 QUANTITATIVE SUMMARY

23.1 OVERALL MARKET

23.2 STORAGE ARCHITECTURE: MARKET SIZE & FORECAST

23.3 SYSTEM: MARKET SIZE & FORECAST

23.4 INDUSTRY: MARKET SIZE & FORECAST

23.5 GEOGRAPHY: MARKET SIZE & FORECAST

24 APPENDIX

24.1 ABBREVIATIONS

LIST OF EXHIBITS

EXHIBIT 1 SEGMENTATION OF LATIN AMERICA DATA CENTER STORAGE MARKET

EXHIBIT 2 MARKET SIZE CALCULATION APPROACH 2021

EXHIBIT 3 LATIN AMERICA DATA CENTER STORAGE MARKET SNAPSHOT

EXHIBIT 4 IMPACT OF 5G & EDGE DATA CENTER DEPLOYMENTS

EXHIBIT 5 TYPES OF EDGE DATA CENTERS AND THEIR DEPLOYMENT

EXHIBIT 6 IMPACT OF ADOPTION OF NVME STORAGE

EXHIBIT 7 IMPACT OF ADOPTION OF SOFTWARE-DEFINED STORAGE

EXHIBIT 8 USAGE OF SOFTWARE-DEFINED STORAGE

EXHIBIT 9 IMPACT OF ADOPTION OF TAPE STORAGE

EXHIBIT 10 IMPACT OF INNOVATIONS IN STORAGE MEDIA

EXHIBIT 11 WORKING OF DNA STORAGE

EXHIBIT 12 WORKING OF HOLOGRAPHIC STORAGE SYSTEM

EXHIBIT 13 IMPACT OF COVID-19

EXHIBIT 14 IMPACT OF IOT AND BIG DATA PROCESSING

EXHIBIT 15 USE CASE FOR BIG DATA AND IOT ACROSS INDUSTRIES

EXHIBIT 16 IMPACT OF GROWING DEPLOYMENT OF FLASH STORAGE

EXHIBIT 17 IMPACT OF INCREASING ADOPTION OF AI & ML WORKLOADS

EXHIBIT 18 INTEL’S SSD STORAGE FOR AI DATA PIPELINE

EXHIBIT 19 IMPACT OF CLOUD ADOPTION DOMINATING STORAGE SPENDING

EXHIBIT 20 IMPACT OF INCREASING COLOCATION DATA CENTER INVESTMENTS ACROSS THE REGION

EXHIBIT 21 IMPACT OF SUPPLY SHORTAGES

EXHIBIT 22 IMPACT OF LACK OF A SKILLED WORKFORCE

EXHIBIT 23 IMPACT OF CYBERSECURITY CONCERNS

EXHIBIT 24 LATIN AMERICA DATA CENTER STORAGE MARKET 2021–2027 ($ MILLION)

EXHIBIT 25 FIVE FORCES ANALYSIS 2021

EXHIBIT 26 INCREMENTAL GROWTH BY STORAGE ARCHITECTURE 2021 & 2027

EXHIBIT 27 DAS VS. NAS VS. SAN

EXHIBIT 28 LATIN AMERICA DATA CENTER NETWORK ATTACHED STORAGE (NAS) MARKET 2021–2027 ($ MILLION)

EXHIBIT 29 LATIN AMERICA DATA CENTER STORAGE AREA NETWORK (SAN) MARKET 2021–2027 ($ MILLION)

EXHIBIT 30 LATIN AMERICA DATA CENTER DIRECT ATTACHED STORAGE (DAS) MARKET 2021–2027 ($ MILLION)

EXHIBIT 31 INCREMENTAL GROWTH BY SYSTEM 2021 & 2027

EXHIBIT 32 LATIN AMERICA DATA CENTER TRADITIONAL STORAGE MARKET 2021–2027 ($ MILLION)

EXHIBIT 33 LATIN AMERICA DATA CENTER ALL-FLASH STORAGE MARKET 2021–2027 ($ MILLION)

EXHIBIT 34 LATIN AMERICA DATA CENTER HYBRID STORAGE MARKET 2021–2027 ($ MILLION)

EXHIBIT 35 INCREMENTAL GROWTH BY INDUSTRY 2021 & 2027

EXHIBIT 36 LATIN AMERICA BFSI INDUSTRY DATA CENTER STORAGE MARKET 2021–2027 ($ MILLION)

EXHIBIT 37 LATIN AMERICA GOVERNMENT INDUSTRY DATA CENTER STORAGE MARKET 2021–2027 ($ MILLION)

EXHIBIT 38 LATIN AMERICA CLOUD/IT INDUSTRY DATA CENTER STORAGE MARKET 2021–2027 ($ MILLION)

EXHIBIT 39 LATIN AMERICA OTHER INDUSTRIES DATA CENTER STORAGE MARKET 2021–2027 ($ MILLION)

EXHIBIT 40 INCREMENTAL GROWTH BY GEOGRAPHY 2021 & 2027

EXHIBIT 41 MARKET OVERVIEW

EXHIBIT 42 BRAZIL DATA CENTER STORAGE MARKET 2021–2027 ($ MILLION)

EXHIBIT 43 MARKET OVERVIEW

EXHIBIT 44 MEXICO DATA CENTER STORAGE MARKET 2021–2027 ($ MILLION)

EXHIBIT 45 MARKET OVERVIEW

EXHIBIT 46 CHILE DATA CENTER STORAGE MARKET 2021–2027 ($ MILLION)

EXHIBIT 47 MARKET OVERVIEW

EXHIBIT 48 REST OF LATIN AMERICA DATA CENTER STORAGE MARKET 2021–2027 ($ MILLION)

LIST OF TABLES

TABLE 1 KEY CAVEATS

TABLE 2 CURRENCY CONVERSION 2015−2021

TABLE 3 SATA VS SAS VS NVME STORAGE

TABLE 4 CLOUD AVAILABILITY ZONES OF DIFFERENT CLOUD SERVICE PROVIDERS

TABLE 5 LATIN AMERICA DATA CENTER STORAGE MARKET 2021−2027 ($ MILLION)

TABLE 6 LATIN AMERICA DATA CENTER STORAGE MARKET BY STORAGE ARCHITECTURE 2021−2027 ($ MILLION)

TABLE 7 LATIN AMERICA DATA CENTER STORAGE MARKET BY SYSTEMS 2021−2027 ($ MILLION)

TABLE 8 LATIN AMERICA DATA CENTER STORAGE MARKET BY INDUSTRY 2021−2027 ($ MILLION)

TABLE 9 LATIN AMERICA DATA CENTER STORAGE MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)

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Latin America Data Center Storage Market - Industry Outlook & Forecast 2022-2027

THE LATIN AMERICA DATA CENTER STORAGE MARKET SIZE WAS VALUED AT USD 1.1 BILLION IN 2021 AND IS EXPECTED TO REACH USD 1.7 BILLION BY 2027, GROWING AT A CAGR OF 7.94%.

Most Exhaustive Report

LATIN AMERICA DATA CENTER STORAGE MARKET REPORT SCOPE

MARKET OVERVIEW

KEY HIGHLIGHTS

SEGMENTAL ANALYSIS

KEY MARKET TRENDS

GEOGRAPHICAL ANALYSIS

VENDOR ANALYSIS

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Latin America Data Center Storage Market - Industry Outlook & Forecast 2022-2027

THE LATIN AMERICA DATA CENTER STORAGE MARKET SIZE WAS VALUED AT USD 1.1 BILLION IN 2021 AND IS EXPECTED TO REACH USD 1.7 BILLION BY 2027, GROWING AT A CAGR OF 7.94%.

Most Exhaustive Report

LATIN AMERICA DATA CENTER STORAGE MARKET REPORT SCOPE

MARKET OVERVIEW

KEY HIGHLIGHTS

SEGMENTAL ANALYSIS

KEY MARKET TRENDS

GEOGRAPHICAL ANALYSIS

VENDOR ANALYSIS

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