What are you looking for ?
Advertise with us
RAIDON

Top Storage Companies in 2023

At more than $1 billion in revenue, with top 3 being SK hynix, Dell and Micron

StorageNewsletter.com publishes the ranking of the top storage companies in revenue since many years.

After 3 years as ≠1 storage company in the world (see below), Micron was replaced in 2020, 2021 and 2022 by SK hynix and became ≠2, then ≠3 in 2023, this time beaten by Dell storage.

These figures are based only on official figures of public companies publishing or estimating their number for storage revenue only at more than $1 billion.

Note that all these firms are totally or partially in storage but sometimes in very different businesses.

Phison didn’t publish its annual revenue for FY ending in December 2022 but stated that it decreased by 20% from the former fiscal year where the figure was revealed.

If we consider all these companies with both figures known last 2 years, their total sale results are $113,110 million on 2023 vs. $151,259 million or an annual decrease of 25%, not a good figure at all for the WW storage industry.

Some other actors like Samsung, also big in storage, but is not ranked here as they don’t publish financial results on NAND an SSDs. Also we have not included Hitachi Vantara, IBM, Kingston (private) and Marvell that do not publish anymore their storage system revenue but allow them probably to be above our limit of $1 billion.

Also, private Veeam Software, acquired by Insight Peripherals, is eventually at more than $1 billion but doesn’t not publish its precise yearly revenue, as well as Mellanox acquired by Nvidia.

Another bunch of huge companies, most of them in cloud storage could, enter in this ranking approaching $10 billion in sales and more, but once more do not release their annual sales. They are AWS, Microsoft (Azure Archive Storage) and Google (Cloud Storage) and Apple behind them.

Top 14 in Storage Revenue in $ Million

Rank 2023 Vendors FY 2022 ending month 2022 revenue 2023 revenue 2022-2023 growth Business
1 SK hynix 12 33,381 24,507 -37% DRAM, flash chips
2 Dell** 1/21 17,958 16,261 -10% Storage subsystems
3 Micron 8 30,758 15,540 -49% DRAM, flash chips, SSD
4 WD 6 18,783 12,318 -24% HDD, SSD
5 Kioxia 3 9,291 7,800 -16% NAND, SSD, flash cards
6 Seagate 6 11661 7,384 -37% HDD
7 NetApp 4 6,318 6,362 1% Storage subsystems
8 Broadcom* 10 4,240 4,500 6% Storage connectivity
9 HPE * 10 4,613 4,415 -4% Storage subsystems
10 Phison 12/21 4,677 3,897 -20% SSD controller, SSD
11 Toshiba HDD 3/23 2,920 2,930 0% 2.5 and 3.5-inch HDDs
12 Pure Storage 1/21 2,753 2,831 3% AFA
13 Dropbox 12 2,325 2,502 8% Cloud storage
14 Nutanix 7 1,581 1,863 10% HCI storage software
    TOTAL 151,259 113,110 -25%  
 
 
(Compilation by StorageNewsletter.com)
* storage only
**storage products only
For Kioxia, yen converted in dollar, and for SK Hynix KRW in dollar

Historically, here are the winners’ circle since 1991:

Year ≠1 ≠2 ≠3
1991 IBM Adstar
Seagate Memorex Telex
1992 IBM Adstar Seagate Conner
1993 IBM SSD Seagate Conner
1994 IBM SSD Seagate Quantum
1995 Seagate IBM SSD Quantum
1996 Seagate Quantum WD
1997 Seagate Quantum Compaq
1998 Seagate Quantum Compaq
1999 Seagate EMC Quantum
2000 EMC Seagate Maxtor
2001 EMC Seagate Maxtor
2002 Seagate EMC Maxtor
2003 Seagate EMC Hitachi GST
2004 EMC Seagate BenQ
2005 EMC Seagate Hitachi GST
2006 EMC Seagate Hitachi GST
2007 EMC Seagate Hitachi GST
2008 EMC Seagate WD
2009 EMC Seagate WD
2010 EMC Seagate WD
2011 EMC Seagate WD
2012 EMC Seagate WD
2013 EMC WD Seagate
2014 EMC Micron WD
2015 EMC Micron WD
2016 WD Micron Seagate
2017 Micron WD Seagate
2018
Micron
WD Dell
2019
Micron
Dell WD
2020
SK hynix
Micron WD
2021
SK hynix
Micron WD
2022
 SK hynix
Micron WD
2023  SK hynix Dell Micron

(Source: StorageNewsletter.com)

Read also :
Articles_bottom
ExaGrid
AIC
ATTOtarget="_blank"
OPEN-E