SNS Insider projects 8.96% annual growth from 2026 to 2035, with North America leading 2025 revenue and Asia Pacific expected to post the fastest regional expansion.
The global data center storage market was valued at USD 72.56 billion in 2025 and is projected to reach USD 170.49 billion by 2035, expanding at a CAGR of 8.96% during 2026-2035 as enterprises add capacity for cloud-based applications, artificial intelligence, machine learning, virtualization and broader digital operations. SNS Insider said storage area network, or SAN, systems accounted for 22.80% of 2025 revenue, while cloud storage is expected to grow fastest at a 12.17% CAGR as companies migrate to cloud-native platforms. On-premises deployments held a 43.60% share in 2025, but cloud-based deployments are forecast to expand fastest at a 12.21% CAGR. Backup and recovery led applications with a 27.80% share, while big data analytics is expected to post the fastest growth at a 10.78% CAGR. Hyperscalers and cloud service providers represented 31.40% of 2025 revenue and are projected to remain both the largest and fastest-growing end-user segment, with a 10.98% CAGR, supported by investment in AI infrastructure, cloud platforms, enterprise SaaS, edge computing and large-scale storage environments. North America accounted for 38.40% of the global market in 2025, with the U.S. making up 83.94% of regional revenue, while Asia Pacific is expected to grow fastest at a 12.09% CAGR.