Global Managed Storage Services Market Set to Approach US$50 Billion by 2032 as Hybrid Cloud and Compliance Needs Reshape Enterprise IT

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TechMarket Experts, a unit of Industry Experts, Inc., has published its latest global technology market research report, "Managed Storage Services - A Global Market Overview," projecting that the market will expand from an estimated US$27.2 billion in 2025 to US$49.6 billion by 2032, advancing at a compound annual growth rate (CAGR) of 8.9%. According to this report, the combination of explosive data growth, tightening regulatory frameworks, and the shift to consumption-based storage-as-a-service is reshaping enterprise IT strategies worldwide.

Managed storage services, encompassing the remote administration of NAS and SAN infrastructures, backup and restore management, archiving and retention, capacity planning, and compliance-driven storage, are increasingly critical for organizations balancing operational efficiency with business resilience. The report notes that enterprises are moving beyond tactical outsourcing, embracing strategic managed storage engagements to support AI workloads, real-time analytics, and immutable backup solutions to counter ransomware threats.

While North America remains the largest regional market in 2025 with a 39.5% share, Asia-Pacific is expected to record the fastest growth, registering a CAGR of 11.1% through 2032, propelled by SME digitalization and cloud-first mandates in China, India, and Southeast Asia. In contrast, mature markets such as Western Europe and North America are modernizing legacy environments via hybrid and multicloud deployments to align with compliance and performance requirements.

By solution type, Storage Provisioning & Operations leads the market in 2025, supported by large-scale NAS and SAN management in regulated sectors. However, Compliance & Security Management is the fastest-growing segment at 10.9% CAGR, fueled by cyber insurance requirements, sovereignty regulations, and embedded encryption standards. Deployment trends show On-Premises still dominating, though Cloud-Native models are expanding fastest at 10.9% CAGR on the back of SaaS-based delivery, AI integration, and agile scaling.

Large enterprises contribute leading share of 2025 revenues, but SMEs represent the fastest-growing company type, exceeding 10.6% CAGR as subscription-based managed storage models gain traction. Among industries, BFSI is the largest sector in 2025 at US$4.9 billion, followed by Healthcare & Life Sciences and IT & Telecom. Media & Entertainment is forecast to grow the fastest at 10.5% CAGR, driven by high-volume, content-rich storage needs.

The report segments the global Managed Storage Services market by solution type, deployment type, company type, and industry sector. Geographic coverage spans five regions with detailed data for 29 countries, profiling over 25 leading vendors, including IBM, Dell Technologies, HPE, NetApp, AWS, Microsoft Azure, Google Cloud, Pure Storage, and Rackspace Technology.

For sample pages or purchase options, contact +1-320-497-3787 or visit Managed Storage Services Market Report.

About TechMarket Experts
TechMarket Experts, a unit of Industry Experts, Inc., is your trusted source for independent and unbiased market research reports focused exclusively on the Information Technology (IT) and IT-enabled services industries. We provide forward-looking insights and strategic data to empower corporate decision-makers, analysts, and innovators navigating the dynamic global tech landscape. For more information, visit https://techmarketexperts.com or contact us at +1-320-497-3787.

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