By 2025, markets across the globe have continued to experience explosive growth in data volumes, driven by cloud adoption, AI, IoT, ecommerce and real-time analytics. All this has led to an exponential rise in demand for scalable, secure and high-performance storage solutions.

Mordor Intelligence says the local datacentre storage market is now valued at over $500mn, and predicts it will reach around $890mn by 2030. The research firm cites data residency rules, consistent growth in datacentric applications and steady growth in cloud infrastructure as the primary drivers of this growth. And there are the millions of payments processed by financial institutions every day, high-resolution telecom data, and evolving workflow demands that are pushing enterprises towards storage solutions that can handle load, balance throughput, and provide reliable quality of service.