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GCC and Levant Data Storage Market Analysis | Coherent Market Insights


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Title: GCC and Levant Data Storage Market Analysis | Coherent Market Insights

  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

  • GCC and Levant Data Storage Market, 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 and Hyper-converged
    Infrastructure)), By End Users (Residential and
    Commercial (SME Enterprise, Large Enterprise)),
    By Industry Verticals (BFSI, Healthcare,
    Government, Telecom and IT, Defense and Aerospace
    and Education) and By Regions (GCC (UAE, Kuwait,
    Saudi Arabia, Oman, Qatar and Bahrain) and Levant
    (Turkey, Israel, Egypt, Lebanon, Jordan, Cyprus
    and Rest of Levant) - Size, Share, Outlook, and
    Opportunity Analysis, 2019 2027

  • 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 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
  • 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.

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

Market Restraints
  • 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
  • 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
  • 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
  • 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.

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Market Trends
  • 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
  • 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.
  • 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

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

  • 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
  • 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
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
  • 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.
  • 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.

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About Us
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    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
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  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
  • Phone 1-206-701-6702
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