Storage - Russia

Russia

Revenue in the Storage market is projected to reach €277.70m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 4.89%, resulting in a market volume of €336.10m by 2028.
The average Spend per Employee in the Storage market is projected to reach €3.95 in 2024.
In global comparison, most revenue will be generated in the United States (€18,600m in 2024).

Key regions: Brazil, Indonesia, Europe, United States, Italy

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Analyst Opinion

The storage market in Russia has been experiencing steady growth in recent years, driven by the increasing demand for storage solutions in various industries. Customer preferences in the market are shifting towards more advanced and efficient storage technologies, while local special circumstances and underlying macroeconomic factors have also contributed to the development of the market. Customer preferences in the storage market in Russia are largely influenced by global trends. With the rapid growth of data generation and the increasing need for data storage and management, customers are looking for storage solutions that can handle large volumes of data and provide high performance and reliability. There is also a growing demand for storage solutions that offer advanced features such as data deduplication, encryption, and compression, as well as integration with cloud storage services. In addition to these global preferences, there are also some local factors that influence customer preferences in the Russian market. For example, due to the large geographical size of the country, customers often require storage solutions that can handle long-distance data replication and provide high availability in remote locations. There is also a strong demand for storage solutions that can withstand harsh environmental conditions, such as extreme temperatures and humidity. The storage market in Russia is also influenced by local special circumstances. For example, the country has a large number of small and medium-sized enterprises (SMEs) that have specific storage needs. These companies often require cost-effective storage solutions that can scale easily and provide high levels of data protection. As a result, there is a growing demand for storage solutions that are tailored to the needs of SMEs, such as network-attached storage (NAS) and storage area network (SAN) solutions. Underlying macroeconomic factors have also played a role in the development of the storage market in Russia. The country has been experiencing steady economic growth in recent years, which has led to increased investment in IT infrastructure and storage solutions. The government has also been promoting the development of the digital economy, which has further boosted the demand for storage solutions. In conclusion, the storage market in Russia is developing in response to customer preferences for advanced and efficient storage solutions. The market is influenced by global trends, as well as local special circumstances and underlying macroeconomic factors. As the demand for data storage and management continues to grow, the storage market in Russia is expected to expand further in the coming years.

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.