Latin America Data Center Storage Market to Hit $1.7 Billion by 2027 - Arizton

According to Arizton's latest research report, the Latin America data center storage market is expected to grow at a CAGR of 7.94% from 2022 to 2027. Modern data center operators mostly adopt storage infrastructure that best matches their workload requirements. The selection of storage infrastructure also depends on factors such as form factors and energy consumption. The market is witnessing significant growth in all-flash storage systems, whereas traditional HDD storage systems are still in demand among several enterprises in the market.

Edge data centers, which are being used by cloud and content providers to enable low-latency service consumption are fueling the demand for robust storage systems in countries such as Brazil, Chile, and Mexico.The demand for high-capacity HDDs will increase in the market, where hybrid storage systems will play a vital role in supporting both critical and non-critical workloads as a cost-efficient alternative to all-flash systems.

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Adoption of Software-Defined Storage
In Latin America, the use of software-defined storage is expected to grow as the number and complexity of applications being deployed will grow over time. Currently, the use cases of software-defined storage are minimal in the market, which is expected to grow along with the adoption of hyperconverged platforms/rack-level architecture. It is expected that on-premises deployment in Latin America will include systems with hyperconverged capabilities.

An increase in data generation through the implementation of technologies such as IoT, big data analytics, AI, and machine learning by enterprises will be a strong driving factor for the market. The trend of software-defined storage platforms will also increase in the market. Most service providers, including hyperscale and cloud service providers, will be involved in procuring customized systems that are flexible and scalable in nature.

Vendors Insights
The data center storage market is very competitive, especially after the advent of ODM infrastructure, which is being procured by hyperscalers for their storage needs. In addition, chip shortage is continuing to impact the international supply chain, which has affected the sales of several storage systems providers as well as drives and manufacturers. Vendor partnerships with local service providers, namely, telecommunication service providers and multinational organizations operating across Latin America, will be key to attaining a major market share. Any existing partnership with global service providers with a strong customer base in Latin America will be beneficial for vendors operating in the market. Vendors must grow their reseller and distribution base in the market, as many enterprises work with local consultants and IT service providers for their digital transformation initiatives.

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Prominent Vendors

Dell Technologies

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)

Storage Architecture

NAS

SAN

DAS

System

Traditional Storage

All-Flash Storage

Hybrid Storage

Industry

BFSI

Government

Cloud/IT

Others

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