Storage - Poland

Poland

Revenue in the Storage market is projected to reach €253.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.74%, resulting in a market volume of €385.20m by 2029.
The average Spend per Employee in the Storage market is projected to reach €13.55 in 2024.
In global comparison, most revenue will be generated in the United States (€22,190m in 2024).

Key regions: United Kingdom, Brazil, India, China, Indonesia

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Storage Market in the Data Center Market in Poland has seen a slight decline in growth rate due to factors such as decreasing demand for traditional storage solutions and the shift towards cloud storage. However, the market is still experiencing growth due to the increasing need for data storage and management in various industries.

Customer preferences: The growing demand for cloud-based storage solutions has been fueled by an increase in remote work and online learning during the COVID-19 pandemic. This trend is expected to continue as more companies and individuals embrace flexible work arrangements. Additionally, the need for secure and reliable data storage solutions has become paramount in light of recent cyber threats and data breaches. As a result, there has been a shift towards investing in advanced data protection and security measures, such as encryption and multi-factor authentication, to ensure the safety of sensitive information.

Trends in the market: In Poland, the Storage Market within the Data Center Market is experiencing a surge in demand for cloud storage solutions, driven by the increasing adoption of digital transformation strategies by businesses. This trend is expected to continue, as more companies recognize the benefits of cost savings, scalability, and flexibility offered by cloud storage. Additionally, the rise of big data and the Internet of Things (IoT) is further fueling the need for efficient and secure storage solutions. Industry stakeholders need to stay updated on technological advancements and invest in innovative storage solutions to remain competitive in the market.

Local special circumstances: In Poland, the Storage Market within the Data Center Market is heavily influenced by the country's strategic location in Europe and its well-developed infrastructure. This allows for easy connectivity and data transfer to other European countries. Additionally, Poland's strong data protection laws and government support for digital infrastructure have created a favorable business environment for data storage providers. The country's growing IT sector and increasing demand for cloud-based solutions also contribute to the growth of the Storage Market within the Data Center Market in Poland.

Underlying macroeconomic factors: The Storage Market within the Data Center Market in Poland is influenced by various macroeconomic factors. These include technological advancements, government policies, and investment in digital infrastructure. Countries with favorable regulatory environments and strong investment in digital technologies are experiencing faster growth in the market. The rising prevalence of data-driven industries and the growing need for efficient storage solutions are also driving market demand. Additionally, the country's stable economic conditions, a skilled workforce, and favorable tax policies are attracting foreign investments in the data center market, further contributing to its growth.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.