WW Enterprise External OEM Storage Systems Market Spending Started with Weak 0.9% Increment in 1Q24

This market report, published on June 25, 2024, was written by IDC Corp.

Enterprise Storage Systems Market Insights
Worldwide Enterprise External OEM Storage Systems Market Spending started with a weak 0.9% increment in Q1 2024 but expected to grow an average of 4.5% over a 5-year period, according to IDC

The external enterprise storage systems (ESS) market was relatively weak as expected in 1FQ24 growing at just 0.9% compared to last year, completing the cycle of weak performing quarters which were partially impacted by unfavorable comparisons with strong sales of 2022 and early 2023.

The market now has reached its turning point and growing demand for storage systems will outweigh inhibiting factors such as continuous concerns about possibility of economic slowdown, political uncertainty, fiscal policies, and software-defined market dynamics.

WW ESS External OEM Market Forecast 2023-2025 Value ($ million)