Canada Data Center Storage Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Canada Data Center Storage Market Report Segments the Industry Into Storage Technology (Network Attached Storage (NAS), and More), Storage Type (Traditional Storage, and More), Data Center Type (Colocation Facilities and More), Form Factor(Rack-Mounted and More), Interface(sas / SATA, and More)and End User (IT and Telecommunication, and More). The Market Forecasts are Provided in Terms of Value (USD).

Canada Data Center Storage Market Size and Share

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Canada Data Center Storage Market Analysis by Mordor Intelligence

The Canada data center storage market is valued at USD 1.02 billion in 2025 and is on track to reach USD 1.71 billion by 2030, advancing at a 10.93% CAGR. This steady climb reflects robust national policies that keep sensitive workloads inside the country and a growing appetite for cloud, artificial intelligence, and big-data initiatives. Canadian enterprises increasingly deploy high-performance arrays to support machine-learning pipelines while public-sector mandates accelerate demand for on-shore infrastructure. The shift toward all-flash and NVMe-based systems is cutting latency, raising IOPS, and triggering a wide replacement cycle. Sustainability is also shaping buying decisions as operators look for lower-carbon, hydro-powered facilities that can reclaim waste heat for district networks. Firms that combine cutting-edge performance with local compliance are securing long-term contracts, even as tight power grids and scarce engineering talent threaten project timelines.

Key Report Takeaways

  • By storage technology, Storage Area Networks held 40.5% of Canada data center storage market share in 2024, while Network Attached Storage is forecast to expand at a 13.2% CAGR through 2030.
  • By storage type, traditional HDD arrays accounted for 44.7% of the Canada data center storage market size in 2024; all-flash arrays are rising fastest at a 13.4% CAGR.
  • By data center type, colocation led with 57.3% revenue share in 2024, whereas hyperscalers and cloud service providers are projected to grow at 17.5% CAGR to 2030.
  • By end user, IT and telecommunications commanded 35.8% of 2024 revenues, but healthcare and life sciences will post the highest 14.6% CAGR.
  • By form factor, rack-mounted systems delivered 57.4% share of the Canada data center storage market size in 2024, while disaggregated and composable infrastructure advances at 13.8% CAGR.
  • By interface, legacy SAS/SATA maintained 49.5% share, yet NVMe connections are climbing at 15.3% CAGR.

Segment Analysis

By Storage Technology: SAN Dominance Faces NAS Disruption

The Canada data center storage market size for Storage Area Networks reached USD 413 million in 2024, translating into a 40.5% share of spending. Network Attached Storage is expanding at a 13.2% CAGR and is set to erode that lead by 2030. Businesses favor file-based repositories to enable analytics teams working across geographic locations and to integrate microservices into DevOps pipelines. At the same time, unified platforms blur SAN and NAS boundaries, giving IT leaders self-service provisioning without sacrificing performance.

Traditional SAN architectures still power core databases, financial ledgers, and ERP clusters that demand block-level consistency. Yet modern workloads prize agility over rigid zoning, making scale-out NAS attractive for AI model staging and collaboration. Vendors now bundle intelligent tiering so that less-critical data spills into cloud object stores, balancing cost and speed. The long-term outlook indicates convergence around protocol-agnostic fabrics rather than a strict SAN-versus-NAS dichotomy.

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Note: Segment shares of all individual segments available upon report purchase

By Storage Type: All-Flash Arrays Accelerate Past Traditional HDDs

In 2024, HDD arrays represented 44.7% of Canada data center storage market share, equating to roughly USD 456 million. All-flash arrays, growing 13.4% annually, are projected to capture the majority of new deployments by 2030 as AI and fraud-detection workloads demand predictable microsecond response times. Lower power consumption and shrinking price-per-GB metrics are closing the cost gap, especially when total cost of ownership factors in rack space and cooling.

Hybrid arrays allow cautious operators to blend flash acceleration with disk capacity for cold data. Still, application owners increasingly treat flash as the default tier, relegating spinning media to archival repositories. Government institutions piloting real-time analytics for cybersecurity illustrate the shift: latency gains translate directly into threat-mitigation windows, warranting premium flash investments.

By Data Center Type: Hyperscalers Drive Market Transformation

Colocation facilities generated 57.3% of 2024 revenue but hyperscalers are scaling fastest at 17.5% CAGR as Amazon Web Services, Google Cloud, and Microsoft Azure secure land banks across Quebec and Alberta. Provincial incentives and abundant renewable energy make large campuses viable, supporting sovereign cloud services that meet federal residency laws. Enterprise adoption of hybrid models sustains colocation demand, yet the hyperscale wave is redrawing supply chains for power, fiber, and storage hardware.

Edge and enterprise data centers remain niche but critical where legal or latency needs dictate on-premises gear. Banking institutions maintain high-security vaults for settlement systems even as peripheral workloads migrate to cloud adjacency racks. Multiple footprints demand interoperable storage stacks capable of replicating data across regions without breaking compliance boundaries.

By End User: Healthcare Leads Digital Transformation

The healthcare and life-sciences vertical is rising at 14.6% CAGR, supported by telemedicine, genomic sequencing, and AI-based diagnostics that generate multi-petabyte workloads. Hospitals integrate PACS imaging repositories with AI inference engines, requiring flash arrays and high-bandwidth fabrics. In contrast, IT and telecom firms still account for 35.8% of spending thanks to 5G rollouts and content caching, anchoring baseline demand.

Regulators enforce privacy frameworks such as PIPEDA, obliging secure yet scalable storage. Drug-discovery partnerships between biotech firms and universities further spur investments in GPU-accelerated clusters backed by NVMe drives. As reimbursement systems shift to real-time analytics, providers must guarantee sub-second data retrieval, accelerating the adoption of all-flash tiers.

By Form Factor: Disaggregated Infrastructure Gains Momentum

Rack-mounted enclosures made up 57.4% of 2024 shipments, but disaggregated and composable nodes are expanding 13.8% annually. Organizations decouple compute, memory, and storage into separate pools, allocating resources on demand to improve utilization. Liquid-cooled trays now accommodate 30 kW racks without raising facility PUE beyond 1.1. Vendor roadmaps emphasize tool-less serviceability and 48-volt power backplanes to support future chipsets.

Blade servers remain popular in high-frequency trading rooms where deterministic latency trumps modular flexibility. Still, hyperscalers champion open-rack and open compute designs that simplify parts inventory and speed global deployments. Canadian operators replicate these blueprints to shorten construction timelines and to align with global supply chains.

Canada Data Center Storage Market
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Note: Segment shares of all individual segments available upon report purchase

By Interface: NVMe Disrupts Legacy Protocols

Legacy SAS/SATA links held 49.5% share in 2024, yet NVMe is rising 15.3% per year and will dominate fresh capacity by 2028. PCIe 5.0 doubles lane bandwidth, while NVMe-over-Fabric removes host-bus constraints, turning disaggregated drives into network-addressable resources. Fibre Channel persists in regulated banks for deterministic performance and segregated fabrics, though vendors now offer NVMe/FC hybrids to ease migration.

Security certifications such as FIPS 140-3 for KIOXIA’s CM7 Series reassure public-sector buyers, broadening the addressable pool for high-speed drives. As containerized applications proliferate, Kubernetes operators lean on NVMe namespaces for multi-tenant isolation, underscoring the protocol’s versatility beyond raw performance gains.

Geography Analysis

Canada’s expansive renewable resources, political stability, and privacy protections make the nation a prime host for hyperscale nodes. Quebec attracts the largest tranche of new capacity thanks to Hydro-Québec’s competitive tariffs and plentiful hydropower, which allow operators to chase sub-USD 0.04 per kWh electricity costs. The province also offers grid interconnections suited to 100-plus-MW campuses, aligning with the growth trajectory of the Canada data center storage market. 

Alberta follows with a CAD 100 billion AI Data Centres Strategy that leans on natural gas-to-power turbines and geothermal loops for off-grid supply. The Wonder Valley AI Data Centre Park alone will need 1.4 GW, creating a massive pull for storage arrays, liquid cooling, and battery reserves. TransAlta’s outreach to cloud giants signals confidence in transmission upgrades, enhancing regional redundancy.

British Columbia balances strong hydropower credentials with looming supply gaps as BC Hydro warns of tightened margins. Bell’s planned 500 MW cluster suggests investors anticipate long-term fixes, keeping the Canada data center storage market size growing in western provinces. Ontario remains the country’s volume leader due to Toronto’s financial hub status, though grid congestion shifts new construction toward exurban locales with better substation capacity.

Competitive Landscape

Competition is moderate, with global giants vying against nimble Canadian specialists. Pure Storage deepens its local presence through alliances with Rubrik for cyber-resilient tiers and its role in the Ultra Ethernet Consortium that standardizes AI fabrics. Hitachi Vantara’s Virtual Storage Platform One cuts carbon emissions 40% and integrates with AWS and Google Cloud, appealing to enterprises pursuing hybrid footprints.

KIOXIA leads on capacity density, delivering 61.44 TB PCIe 5.0 SSDs that comply with government encryption rules, locking in lucrative public contracts. Supermicro ships liquid-cooled racks holding 100,000 GPUs quarterly, illustrating how hardware innovation and sustainability converge to shape buyer criteria. Domestic providers like eStruxture and Cologix leverage local approvals and bilingual support to win workloads that foreign-only firms cannot touch. White-space opportunities persist in edge nodes across the Far North, where latency-sensitive mining and remote-health projects demand ruggedized, low-touch storage appliances.

Canada Data Center Storage Industry Leaders

  1. Dell Technologies

  2. Hewlett Packard Enterprise

  3. IBM

  4. Pure Storage

  5. NetApp

  6. *Disclaimer: Major Players sorted in no particular order
Canada Data Center Storage Market Concentration
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Recent Industry Developments

  • January 2025: Pure Storage and Micron Technology announced a collaboration to deliver scalable, energy-efficient storage solutions for hyperscale data centers utilizing Micron's G9 QLC NAND technology, addressing energy efficiency, density, and performance challenges.
  • January 2025: Cologix secured USD 1.5 billion in capital to fund new data center development and expand its Canadian footprint.
  • March 2025: The Government of Canada finalized a CAD 240 million investment in Cohere’s multi-billion-dollar AI data center project to boost domestic compute capacity
  • March 2025: KIOXIA unveiled the LC9 Series 122.88 TB NVMe SSD tailored for AI workloads, featuring BiCS Flash generation 8 and PCIe 5.0 interface
  • May 2025: KIOXIA introduced the CM9 Series PCIe 5.0 NVMe SSDs—the first to use 8th-generation BiCS Flash TLC—with 65% higher random write speed
  • June 2025: Bell Canada announced six AI data centers nationwide, dramatically lifting domestic capacity for artificial intelligence workloads

Table of Contents for Canada Data Center Storage Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Growing cloud computing demand
    • 4.2.2 Surge in AI workloads needing high-performance storage
    • 4.2.3 Stricter Canadian data sovereignty mandates
    • 4.2.4 Rapid shift toward NVMe all-flash arrays
    • 4.2.5 Hydropower-enabled green data centers
    • 4.2.6 Government incentives for data center heat reuse
  • 4.3 Market Restraints
    • 4.3.1 High capital expenditure
    • 4.3.2 Shortage of specialized data center talent
    • 4.3.3 Urban power-grid congestion
    • 4.3.4 Thermal management challenges at >30 kW racks
  • 4.4 Value / Supply-Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Threat of New Entrants
    • 4.7.2 Bargaining Power of Buyers
    • 4.7.3 Bargaining Power of Suppliers
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Competitive Rivalry
  • 4.8 Assessment of the impact of Macro Economic Trends on the Market

5. Market Size and Growth Forecasts (Value)

  • 5.1 By Storage Technology
    • 5.1.1 Network Attached Storage (NAS)
    • 5.1.2 Storage Area Network (SAN)
    • 5.1.3 Direct Attached Storage (DAS)
    • 5.1.4 Object and Tape Storage
  • 5.2 By Storage Type
    • 5.2.1 Traditional HDD Arrays
    • 5.2.2 All-Flash Arrays (AFA)
    • 5.2.3 Hybrid Storage
  • 5.3 By Data Center Type
    • 5.3.1 Colocation Facilities
    • 5.3.2 Hyperscalers/Cloud Service Providers
    • 5.3.3 Enterprise and Edge
  • 5.4 By End User
    • 5.4.1 IT and Telecommunication
    • 5.4.2 BFSI
    • 5.4.3 Government and Public Sector
    • 5.4.4 Media and Entertainment
    • 5.4.5 Healthcare and Life Sciences
    • 5.4.6 Manufacturing
  • 5.5 By Form Factor
    • 5.5.1 Rack-mounted
    • 5.5.2 Blade and Modular
    • 5.5.3 Disaggregated / Composable
  • 5.6 By Interface
    • 5.6.1 SAS / SATA
    • 5.6.2 NVMe
    • 5.6.3 Fibre Channel and iSCSI

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
    • 6.4.1 Dell Technologies Inc.
    • 6.4.2 Hewlett Packard Enterprise Company
    • 6.4.3 IBM Canada Ltd.
    • 6.4.4 Hitachi Vantara LLC
    • 6.4.5 Kingston Technology Company Inc.
    • 6.4.6 Infinidat Ltd.
    • 6.4.7 KIOXIA Singapore Pte. Ltd.
    • 6.4.8 Lenovo Group Limited
    • 6.4.9 Fujitsu Limited
    • 6.4.10 Oracle Corporation
    • 6.4.11 Commvault Systems Inc.
    • 6.4.12 Nutanix Inc.
    • 6.4.13 Pure Storage Inc.
    • 6.4.14 NetApp Inc.
    • 6.4.15 eStruxture Data Centers Inc.
    • 6.4.16 Cologix Inc.
    • 6.4.17 Digital Realty Trust Inc.
    • 6.4.18 Equinix Inc.
    • 6.4.19 Amazon Web Services Canada Inc.
    • 6.4.20 Microsoft Canada Inc.
    • 6.4.21 VAST Data Ltd.

7. MARKET OPPORTUNITIES and FUTURE OUTLOOK

  • 7.1 White-space and Unmet-Need Assessment
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Canada Data Center Storage Market Report Scope

Data center storage refers to the devices, hardware, networking equipment, and software technologies that enable the storage of data and applications within data center facilities. It is used to store, manage, retrieve, distribute, and back up digital information within data center facilities.

The Canadian data center storage market is segmented by storage technology (network attached storage [NAS], storage area network [SAN], direct attached storage [DAS]), storage type (traditional storage, all-flash storage, hybrid storage), end user (IT and telecommunication, BFSI, government, media and entertainment, and other end users). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Storage Technology Network Attached Storage (NAS)
Storage Area Network (SAN)
Direct Attached Storage (DAS)
Object and Tape Storage
By Storage Type Traditional HDD Arrays
All-Flash Arrays (AFA)
Hybrid Storage
By Data Center Type Colocation Facilities
Hyperscalers/Cloud Service Providers
Enterprise and Edge
By End User IT and Telecommunication
BFSI
Government and Public Sector
Media and Entertainment
Healthcare and Life Sciences
Manufacturing
By Form Factor Rack-mounted
Blade and Modular
Disaggregated / Composable
By Interface SAS / SATA
NVMe
Fibre Channel and iSCSI
By Storage Technology
Network Attached Storage (NAS)
Storage Area Network (SAN)
Direct Attached Storage (DAS)
Object and Tape Storage
By Storage Type
Traditional HDD Arrays
All-Flash Arrays (AFA)
Hybrid Storage
By Data Center Type
Colocation Facilities
Hyperscalers/Cloud Service Providers
Enterprise and Edge
By End User
IT and Telecommunication
BFSI
Government and Public Sector
Media and Entertainment
Healthcare and Life Sciences
Manufacturing
By Form Factor
Rack-mounted
Blade and Modular
Disaggregated / Composable
By Interface
SAS / SATA
NVMe
Fibre Channel and iSCSI
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Key Questions Answered in the Report

What is the current size of the Canada data center storage market?

The market is valued at USD 1.02 billion in 2025.

What compound annual growth rate (CAGR) will the market record through 2030?

It is forecast to expand at a 10.93% CAGR, reaching USD 1.71 billion by 2030.

Which storage technology segment is growing the fastest?

Network Attached Storage (NAS) is rising at a 13.2% CAGR, outpacing other technologies.

Why are NVMe interfaces gaining ground in Canada?

NVMe delivers higher IOPS and lower latency than legacy SAS/SATA, making it essential for AI and real-time analytics workloads.

Which province attracts the most hyperscale data-center investment?

Quebec draws a large share of new builds thanks to abundant hydroelectric power and competitive tariffs.

What are the leading restraints on market growth?

High capital expenditure and a shortage of specialized data-center talent are the two most significant hurdles.

Page last updated on: June 22, 2025

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