As per MRFR analysis, the India Storage in Big Data Market Size was estimated at 488.26 (USD Million) in 2023. The India Storage in Big Data Market Industry is expected to grow from 553(USD Million) in 2024 to 2293.95 (USD Million) by 2035. The India Storage in Big Data Market CAGR (growth rate) is expected to be around 13.807% during the forecast period (2025 - 2035).
Key India Storage in Big Data Market Trends Highlighted
The accelerated digital transformation across various sectors is driving significant traction in the India Storage in Big Data Market. The demand for robust storage solutions has subsequently increased as a result of the government's promotion of Digital India initiatives, which provide a conducive environment for big data analytics. Furthermore, the volume of data generated has increased as a result of the proliferation of IoT devices and applications, which has necessitated the development of efficient storage capabilities to facilitate the seamless management of data.
The prerequisite for enhanced data processing and storage technologies that can effectively manage large datasets is underscored by the increasing volume of data. The increasing demand for cloud storage solutions in India is driving the growth of opportunities in this market, as businesses are transitioning from traditional on-premise systems to cloud-based architectures. This transition not only improves the accessibility and scalability of data storage but also promotes cost efficiency. Enterprises are seeking hybrid storage solutions that integrate the advantages of both on-premises and cloud storage.
This presents a lucrative opportunity for technology vendors and service providers. In recent years, there has been a trend toward the integration of artificial intelligence and machine learning with storage solutions to improve performance and automate data management. Organizations are progressively investing in smart storage systems that offer predictive analytics capabilities, which contribute to the optimization of data operations.The need for secure storage solutions that can protect sensitive information is also underscored by the ongoing trend of data compliance and privacy regulations, which is prompting organizations to incorporate advanced security measures into their storage strategies in India.
Source: Primary Research, Secondary Research, Market Research Future Database, and Analyst Review
India Storage in Big Data Market Drivers
Increasing Data Generation Across Sectors
India has witnessed an exponential growth in data generation across various sectors such as e-commerce, telecommunications, and healthcare. According to the Ministry of Electronics and Information Technology, the country's digital economy is projected to reach USD 1 trillion by 2025, which is a testament to the growing reliance on data-driven insights.
Major organizations like Reliance Jio and Tata Consultancy Services have been driving advancements in cloud storage and data analytics, facilitating the need for robust storage solutions.As the India Storage in the Big Data Market industry scales to handle this data surge, the demand for scalable and secure storage solutions will increase significantly, fostering market growth.
Government Initiatives Promoting Digital India
The Digital India initiative launched by the Government of India aims to transform India into a digitally empowered society and knowledge economy. With substantial investments in technology and infrastructure, there has been a push towards the adoption of big data solutions in various governmental projects.
The National Informatics Centre is facilitating the implementation of data storage solutions in public projects, which is expected to propel the India Storage in Big Data Market industry.Specifically, the government's focus on data analytics-driven policy-making underscores the necessity for enhanced data storage, supporting the market's growth.
Rising Adoption of Cloud-Based Storage Solutions
As organizations in India increasingly move to cloud environments, the reliance on cloud-based storage solutions is skyrocketing. The Cloud Alliance has reported a 30% annual increase in cloud adoption among Indian businesses over the past three years.
Companies, including HCL Technologies and Infosys, are leading in developing innovative cloud storage solutions tailored to meet the unique needs of Indian enterprises.
This shift is driving the demand for scalable storage options that enable organizations to efficiently manage and analyze large volumes of data.The growth of the India Storage in Big Data Market industry is expected to align with this upward trend.
Storage in Big Data Market Component Insights
The Component segment within the India Storage in Big Data Market is pivotal to the overall landscape of data management and analytics solutions. This segment encompasses hardware, software, and services, each playing a critical role in the effectiveness of big data storage solutions.
The rapid adoption of digital transformation initiatives across various industries in India drives significant demand for efficient data storage solutions, making this segment increasingly relevant. Hardware mainly includes servers, storage devices, and networking equipment that form the backbone of data centers, essential for handling large volumes of data generated daily. The importance of high-performance storage solutions is evident, as organizations seek to ensure optimal speed and reliability for data processing activities.
On the other hand, the software component focuses on data management and analytics tools necessary for optimizing storage operations. These solutions enable businesses to effectively manage, retrieve, and analyze vast datasets, thus enhancing decision-making capabilities and operational efficiency. The increasing reliance on data-driven insights has made software solutions indispensable in facilitating advanced analytics and ensuring that businesses can derive true value from their data assets.
Services within this component segment largely encompass consulting, implementation, and ongoing support, which are crucial to having a seamless and efficient data storage architecture. With a growing number of organizations requiring customized solutions tailored to their specific needs, the demand for specialized consulting services is expected to rise.
Furthermore, as regulatory compliance becomes a pressing concern for many industries in India, services that cover data security and management compliance are gaining significance. The convergence of these three pillarshardware, software, and servicesillustrates an integrated approach essential for harnessing the potential of big data storage in India.
Organizations investing in these components stand to enhance their data capabilities, support actionable insights, and accelerate their digital transformation journeys amidst a burgeoning data economy. Overall, these dynamics highlight that the Component segment is fundamental in shaping the future of the India Storage in Big Data Market, providing robust infrastructure and innovative solutions needed to meet the evolving demands of data storage and management.
Source: Primary Research, Secondary Research, Market Research Future Database, and Analyst Review
Storage in Big Data Market Vertical Insights
The India Storage in Big Data Market, particularly in the Vertical segment, showcases a diverse landscape shaped by varying industry needs and growth drivers. The BFSI sector is increasingly adopting big data solutions to enhance customer experience and mitigate risks, making it a key player in the market. Similarly, the IT and Telecommunication industries are investing heavily in data analytics for network optimization and improved service delivery.
In healthcare, big data is vital for patient management and personalized medicine, reflecting the sector's growth momentum.Manufacturing leverages big data for operational efficiencies and predictive maintenance, thereby reducing costs and downtime. The transportation sector benefits from data analytics to optimize logistics and enhance supply chain management, ensuring timely deliveries and cost reductions. Media and Entertainment are significantly using big data to tailor content to audience preferences, driving engagement and profitability.
The 'Others' segment encompasses a wide range of industries implementing big data solutions, reflecting the extensive scope of the market.Overall, the India Storage in Big Data Market segmentation highlights the importance of verticals that not only dominate the landscape but also demonstrate significant contributions to market growth through innovative applications and technology integration.
India Storage in Big Data Market Key Players and Competitive Insights
The India Storage in the Big Data Market has been witnessing substantial growth, driven by the increasing adoption of advanced analytics, artificial intelligence, and cloud computing technologies across various industries. The competitive landscape is characterized by a mix of established players and emerging startups that continually innovate to meet the evolving needs of data storage and management. Companies are focusing on offering scalable and flexible storage solutions that cater to the demands of the big data ecosystem, encompassing high-volume, high-velocity, and high-variety data sources.
The proliferation of data has prompted organizations to seek efficient storage solutions to manage and analyze vast datasets, creating a dynamic environment where competition thrives on technological advancements and customer-centric strategies. Understanding the competitive insights within this market is crucial for organizations looking to enhance their data storage capabilities and leverage big data analytics effectively.In the context of the India Storage in Big Data Market, Teradata stands out as a key player with a robust market presence.
The company is known for its comprehensive data warehousing solutions that seamlessly integrate with big data analytics. Teradata's strengths lie in its ability to provide advanced analytics and data management solutions tailored to the specific needs of Indian enterprises. Its strong brand reputation and commitment to innovation enable it to attract a diverse clientele, including large corporations in sectors like finance, retail, and healthcare, where data-driven decision-making is paramount.
Furthermore, Teradata's partnerships with leading technology providers enhance its offerings, allowing clients to leverage a holistic ecosystem of data storage and analytics services, reinforcing its competitive edge in the market.Informatica is another significant player in the India Storage in Big Data Market, known for its powerful data integration and management solutions.
The offerings of Informatica extend to a range of products that include cloud data management, data quality, and data governance, making it a comprehensive solution provider for businesses looking to harness the power of big data. Informatica's market presence is bolstered by its commitment to innovation, demonstrated through continuous product enhancements and the integration of artificial intelligence capabilities into its services.
The company's strengths also include its strategic partnerships with cloud service providers, which enable seamless data integration across hybrid environments. Moreover, Informatica has pursued strategic mergers and acquisitions to enhance its technology stack and expand its market reach, allowing it to cater effectively to the needs of Indian enterprises navigating the complexities of big data storage and management.
Key Companies in the India Storage in Big Data Market Include
India Storage in Big Data Market Industry Developments
The India Storage in Big Data Market has seen significant developments recently. Companies such as Teradata and Informatica have expanded their services, focusing on data integration and storage solutions, catering to the growing demand for data analytics.
SAP has announced the availability of a wholly India-based data center that hosts a variety of cloud services. This data center is designed to comply with domestic data residency regulations and provides cloud storage, analytics, and enterprise platform services from within the country.
The announcement was made on October 25, 2023. In June2025,Snowflake is considering the establishment of a new research and development facility in India to enhance the capabilities of its AI-enabled data platform and to fortify the local technical leadership in data engineering and analytics. In June 2025, AWS and Snowflake announced a strategic partnership in India to provide unified data management and AI capabilities on AWS infrastructure. This partnership will facilitate seamless storage, governance, and analytics workflows for enterprise and GenAI use cases.
India Storage in Big Data Market Segmentation Insights
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 488.26(USD Million) |
| MARKET SIZE 2024 | 553.0(USD Million) |
| MARKET SIZE 2035 | 2294.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 13.807% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Teradata, Informatica, SAP, DataStax, Google, Cloudera, IBM, Huawei, Amazon Web Services, Dell Technologies, Oracle, Hitachi Vantara, Snowflake, NetApp, Microsoft |
| SEGMENTS COVERED | Component, Vertical |
| KEY MARKET OPPORTUNITIES | Cloud storage adoption growth, Enhanced data analytics capabilities, Increasing IoT data generation, Government data initiatives support, Rising demand for real-time insights |
| KEY MARKET DYNAMICS | growing data volume, increasing cloud adoption, demand for real-time analytics, regulatory compliance requirements, competitive pricing strategies |
| COUNTRIES COVERED | India |
Frequently Asked Questions (FAQ):
The market is expected to be valued at 553.0 million USD in 2024.
By 2035, the market is expected to reach a value of 2294.0 million USD.
The expected CAGR for this market from 2025 to 2035 is 13.807%.
The Hardware segment is expected to be valued at 200.0 million USD in 2024 and 850.0 million USD in 2035.
The Software component is projected to reach a value of 750.0 million USD by 2035.
The Services segment is expected to be valued at 173.0 million USD in 2024.
Key players include Teradata, Informatica, SAP, DataStax, Google, Cloudera, IBM, and several others.
The Hardware segment is expected to grow from 200.0 million USD to 850.0 million USD, indicating significant growth.
The market faces challenges in data security while presenting opportunities in AI integration and data analytics.
Trends include the increasing demand for cloud storage solutions and the adoption of advanced analytics technologies.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
