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Market Highlights:The global digital storage devices market is predicted to garner USD 11 billion during the forecast period (2017-2023). The global market is likely to demonstrate 27% CAGR owing to the increasing amount of data from digital services, asserts Market Research Future (MRFR). Digital storage devices are referred to as the kind of data storage devices which are used to exchange and store data. Such storage devices are essential for computing systems as it stores the necessary information and retrieves the same later. For instance, magnetic drives, optical drives, flash memory drive, and solid-state drives are some of the ideal digital storage devices.
The digital storage devices are a kind of data storage device used to store and exchange data (files, images) and more. These devices prove essential for computing systems to store the necessary information and retrieve the same later. A few examples of digital storage devices are optical drives, magnetic drives, solid state drives, and the most widely used flash memory drive. The factors that affect the market growth include the increasing amount of data from digital services and industries like banking, healthcare, information technology and others. Another major factor that tends to increase the market growth is growth in cloud computing services. Moreover, the rising trend of smartphones with high capacity storage is also expected to fuel the market.
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Major Key Players
• Western Digital Technologies, Inc (U.S.),
• Toshiba Corporation (Japan),
• Sony Corporation (Japan),
• Intel Corporation (U.S.),
• Lenovo Group Ltd (China),
• Samsung Electronics Co Ltd (South Korea),
• SanDisk Corporation (U.S.),
• Seagate Technology PLC (U.S.),
• Teradata Corporation (U.S.),
• Transcend Information, Inc (Taiwan),
Other vendors include Kingston Technology Corporation, Inc (U.S.) International Business Machines Corporation (U.S.), EMC Corporation (U.S.), Hewlett Packard Company (U.S.), Brocade Communications Systems, Inc. (U.S.), NetApp, Inc. (U.S.), Netgear, Inc. (U.S.), Fujitsu Ltd. (Japan), Violin Systems (U.S.), LSI Corporation (U.S.), Kingmax Semiconductor Inc. (Taiwan), Hitachi-LG Data Storage (South Korea), Promise Technology, Inc. (Taiwan), among others
According to the analysis of Market Research Future, the global Digital Storage Devices Market is anticipated to register a CAGR of 27% over the forecast period, 2017-2023.
Market Segmentation:
The global digital storage devices market has been segmented on the basis of type, application, storage, usage, and region.
By mode of type, the global digital storage devices market has been segmented into solid state drives, flash storage, optical disk drives, magnetic disk drives, and others. Among these, the flash storage is further sub-segmented into memory card and USB storage. The magnetic storage is sub-segmented into magnetic recording tape, floppy disk, hard disk, magnetic strips, and others. Solid state drives are sub-segmented into DRAM-based, flash memory based, and other. Optical storage is sub-segmented into compact disc, digital versatile disc, Blu-Ray DVD, and others.
By mode of application, the global digital storage devices market has been segmented into laptops, personal computers, networking, smartphone, and others.
By mode of storage, the global digital storage devices market has been segmented into 8-128 Gb, 8 Gb, 512 Gb to 2 Tb, 128-512 Gb, 2 Tb and above.
By mode of usage, the global digital storage devices market has been segmented into enterprise usage and individual usage. Among these, individual usage dominates the global market. The average household's data storage capacity, with the increasing popularity of camera-equipped smartphones and tablets, is considered to increase noticeably during the estimated period.
Regional analysis
The global digital storage devices market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Among all the regions, the North American region is considered to lead the global market during the appraisal period owing to the high concentration of device vendors in this region offering digital storage devices for desktops, laptops, and portable storage. With high adoption of flash storage coupled with the increasing penetration of smartphones with higher capacity storage is accelerating the market growth. Owing to the early adoption of technology, North America has experienced a high market share in digital storage devices market.
The Asia Pacific region is anticipated to experience the highest growth rate owing to the developments in the semiconductor industry. Moreover, the rising smartphone penetration rate in economies such as China and India are likely to stimulate the market growth during the appraisal period. Several companies in this region are expanding their product portfolio by shifting their business onto the cloud and carrying out research into the SoC integration which requires additional storage requirement.
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Intended Audience
• Component manufacturers
• Hardware vendors
• Storage vendors
• System integrators
• Government agencies
• Application end-user
• Research Firms
LIST OF TABLES
Table 1 World Population by Major Regions (2017 To 2030)
Table 2 Global Digital Storage Devices Market: By Region, 2017-2023
Table 3 North America Digital Storage Devices Market: By Country, 2017-2023
Table 4 Europe Digital Storage Devices Market: By Country, 2017-2023
Table 5 Asia Pacific Digital Storage Devices Market: By Country, 2017-2023
Table 6 The Middle East & Africa Digital Storage Devices Market: By Country, 2017-2023
Table 7 Latin America Digital Storage Devices Market: By Country, 2017-2023
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LIST OF FIGURES
FIGURE 1 Global Digital Storage Devices market segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis of Global Digital Storage Devices Market
FIGURE 4 Value Chain of Global Digital Storage Devices Market
Continued……
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Contact Info:
Name: abhishek Sawant
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Organization: Market Research Future
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/digital-storage-devices-market-5884
Release ID: 485152
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