Digital Storage Devices Market Regional Analysis, Competitive Landscape and Forecast to 2023

Written by

Market Highlights

According to Market Research Future (MRFR), the global digital storage devices market is expected to reach USD 11 billion, with approximately 27% CAGR from 2016 to 2023 (forecast period). The report explores the COVID-19 overview of global digital storage devices market and provides a succinct description of key markets, current developments, growth projections, and market challenges from 2016 to 2023 (forecast period) to identify business opportunities.

Digital storage devices are a type of data storage device used to store and share data (files, images) and more. These devices prove vital for computing systems to store the necessary information and retrieve the same later. Examples of digital storage devices include optical drives, magnetic drives, solid-state drives, and the most commonly used flash memory drive.

Market Dynamics

Factors that influence market growth include a growing amount of data from digital services and sectors such as banking, healthcare, information technology, and others. Another significant factor that continues to increase business growth is the growth in cloud computing services. In addition, the increasing trend of smartphones with high capacity storage is also expected to fuel the market.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5884

Segmentation:

The global digital storage devices market has been segmented into type, application, storage, and usage.

By the type, the global digital storage devices market has been segmented into flash storage, solid-state drives, optical disk drives, magnetic disk drives, and others. Flash storage is further divided into USB storage and memory card. Solid-State drives are further segmented into flash memory-based, DRAM-based, and other. Magnetic storage is further divided into the floppy disk, hard disk, magnetic recording tape, magnetic strips, and others. Optical storage is further divided into a digital versatile disc, compact disc, Blu-Ray DVD, and others.

Based on application, the global digital storage devices market has been segmented into personal computers, laptops, smartphones, networking, and others.

Based on storage, the global digital storage devices market has been segmented into up to 8 Gb, 8-128 Gb, 128-512 Gb, 512 Gb to 2 Tb, 2 Tb, and above.

Based on usage, the global digital storage devices market has been segmented into individual usage and enterprise usage.

Regional Analysis

Based on the region, the global Digital Storage Devices Market Size has been segmented into the Asia Pacific (APAC), North America, Europe, and the rest of the world.

Among these areas, North America is leading the market. Almost half of the total device vendors are based in North America, providing digital storage devices for laptops, desktops, and portable storage devices. These vendors represent a broad market of manufacturers of storage devices. One of the crucial factors leading to the growth of digital storage devices is the increased adoption of flash storage and increased penetration of smartphones with higher storage capacity. North America has had a strong market share of digital storage devices due to the early adoption of this technology.

As demand for smartphones with higher and faster storage rises, semiconductor companies operating in the Asia Pacific are expected to see increased opportunities for memory chips, magnetic storage, and others. The penetration rate of the smartphone creates a need for secure data storage. Several companies are developing advanced products due to the growing demand for smart cards with magnetic storage in regions like the Asia Pacific and Middle East & Africa.

Key Players 

Some of the industry giants in the global digital storage devices market include Western Digital Technologies, Inc (U.S.), Seagate Technology PLC (U.S.), Toshiba Corporation (Japan), Sony Corporation (Japan), Intel Corporation (U.S.), Samsung Electronics Co Ltd (South Korea), Lenovo Group Ltd (China), Teradata Corporation (U.S.), SanDisk Corporation (U.S.), Transcend Information, Inc (Taiwan), among others.

Other vendors include International Business Machines Corporation (U.S.), Kingston Technology Corporation, Inc (U.S.), EMC Corporation (U.S.), LSI Corporation (U.S.), Hewlett Packard Company (U.S.), NetApp, Inc. (U.S.), Brocade Communications Systems, Inc. (U.S.), Netgear, Inc. (U.S.), Fujitsu Ltd. (Japan), Violin Systems (U.S.), Kingmax Semiconductor Inc. (Taiwan), Promise Technology, Inc. (Taiwan), Hitachi-LG Data Storage (South Korea), among others.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/digital-storage-devices-market-5884

Global Digital Storage Devices Market: Type (Flash Storage, Solid State Drives, Magnetic Disk Drives), Application (Personal Computer, Laptops, Smartphone), Storage (up to 8 Gb, 8-128 Gb, 128-512 Gb), Usage (Individual, Enterprise) – Forecast till 2023

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Article Categories:
Business

Leave a Reply

Your email address will not be published. Required fields are marked *