Global Digital Storage Devices Market – Industry Trends and Forecast to 2028

Market Analysis and Insights of Digital Storage Devices Market

Increasing digitization of economies especially the developing ones, growing adoption of advanced technologies by small and medium scale enterprises, and rising proliferation of desktops are the major factors attributable to the growth of the digital storage devices market. Data Bridge Market Research analyses that the digital storage devices market will exhibit a CAGR of 12.8% for the forecast period of 2021-2028.

From the name itself, it is clear that digital storage devices are the data storage devices that are used to store files and information. The digital storage devices are essential in storing the information and computing it later whenever required. There is wide range of digital storage devices available in the market based upon their capacity of storage.

Increased volume of data for all kinds of organizations will emerge as the major digital storage devices market growth driving factor. Rising security and privacy concerns and growing demand for effective data management tools and systems will further aggravate the growth of the digital storage devices market. Growth in the adoption of cloud-based services by small and medium scale enterprises, rising digitization of developing economies, and surge in the proliferation of laptops and desktops are some other factors bolstering the growth of digital storage devices market.

However, dearth of skilled personnel or trained professionals will act as a growth restraint for the digital storage devices market. High costs associated with the storage devices will further dampen the growth rate of the digital storage devices market.  

This digital storage devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on digital storage devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Digital Storage Devices Market Scope and Market Size

The digital storage devices market is segmented on the basis of type, application, storage, and usage. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

• By the type, the digital storage devices market is segmented into flash storage, solid state drives, magnetic disk drives, optical disk drives, and others. Flash storage is further segmented into USB storage and memory card. Solid State drives are further segmented into flash memory based, DRAM-based, and other. Magnetic storage is further segmented into the floppy disk, magnetic recording tape, magnetic strips, hard disk, and others. Optical storage is further segmented into a digital versatile disc, compact disc, Blu-Ray DVD, and others.
• On the basis of application, the digital storage devices market is segmented into personal computers, laptops, smartphone, networking, and others.
• On the basis of storage, the digital storage devices market is segmented into up to 8 Gb, 8-128 Gb, 128-512 Gb, 512 Gb to 2 Tb, 2 Tb and above.
• On the basis of usage, the digital storage devices market is segmented into individual usage and enterprise usage.

Global Digital Storage Devices Market Country Level Analysis

The digital storage devices market is analysed and market size, volume information is provided by country, type, application, storage and usage as referenced above.

The countries covered in the digital storage devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the digital storage devices market and its market share will continue to expand during the forecast period owing to the presence of major players in the region. Asia-Pacific will register the highest CAGR for the forecast period. Rising penetration of desktops and laptops is a major factor fostering the market growth rate.

The country section of the digital storage devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Digital Storage Devices Market Share Analysis

The digital storage devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to digital storage devices market.

The major players covered in the digital storage devices market report are Sony Corporation, Intel Corporation, Lenovo, SAMSUNG, Western Digital Corporation, TOSHIBA CORPORATION, Hewlett Packard Enterprise Development LP, Seagate Technology LLC, Teradata., Transcend Information, Inc., NetApp, Inc., Hitachi Vantara Corporation, IBM, NETGEAR, FUJITSU, Kingston Technology Europe Co LLP, Dell., Broadcom., VIOLIN and PROMISE Technology Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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