Digital Storage Devices Market Size, Share, Report, Analysis, Trends & Forecast to 2026

According to Stratistics MRC, the Global Digital Storage Devices market is expected to grow from $2.80 billion in 2017 to reach $17.50 billion by 2026 with a CAGR of 22.6%.

Increasing trend of smart phones with high capacity storage space and incredible increase in cloud computing section are some of the key factors fuelling the market growth. However, information loss problems such as corruption, missing, or deleted data and unreachable storage tools are some factors hampering the growth of the market. Moreover, focus on adopting cloud computing solutions will grant abundant opportunities for the digital storage solution vendors.

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Data storage device is a computing hardware that is used to store, port and extract data files and objects. Data storage devices are one of the core components of a computing device. It works as a storage medium which can be attached to a computer or a server, internally or externally. They are available in different form factors such as hard disk drives (HDD) and Solid State Drives (SSD), memory cards, floppy disks, optical disk drives (Compact Disk – CD, Digital Versatile Disc – DVD, Blu-Ray DVD) and USB flash drives.

By end-user, the government section has a high possibility to grow due to the initiatives being taken towards digitization and investments in intensification of the ICT infrastructure. Favorable government initiatives in different countries like “Digital India”, “Digital China 2020” and “The digitalization of Africa” among others will boost the government sections to expand over the forecast period.

In terms of geography, Asia Pacific is anticipated to witness fastest growth over the expected period. Rapidly growing number of SMEs in countries like India and China due to the supportive administration initiatives and tax profits for startups among other favorable factors will drive the digital storage device market growth. In addition, up-and-coming IT sector and soaring number of vendors are boosting product innovation while augmenting the demand for digital storage devices.

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Some of the key players in digital storage devices the market include SanDisk Corporation, Samsung Electronics, IBM Corp, Intel Corporation Inc., Toshiba Corporation, Sony Corporation, Lenovo, Kingston Technology Corporation Inc., Western Digital Technologies Inc., TeraData Corp, EMC Corp, Seagate Technology LLC, Transcend Information Inc., Hewlett-Packard Development Company, Transcend Information, Inc., Buffalo Americas, Inc, Hitachi, NetApp, Dell and Micron Technology, Inc.

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Products Covered:
• Hard disk drives (HDD)
• Solid State Drives (SSD)
• Flash Storage
• Magnetic Disk Drives
• Optical Disk Drives
• Other Products

Storages Covered:
• 2 Tb and Above
• 512 GB to 2 Tb
• 128-512 Gb
• 8-128 Gb
• 8 Gb

Storage Systems Covered:
• Network Attached Storage (NAS)
• Software-Defined Storage
• Unified Storage
• Cloud Storage
• Direct-Attached Storage
• Storage Area Network

Applications Covered:
• Enterprise Usage
• Laptops
• Personal Computers
• Individual Usage
• Smartphone
• Networking
• Other Usages

End Users Covered:
• Retail
• Education
• IT & Telecommunication
• Banking, Financial Services & Insurance (BFSI)
• Media and Entertainment
• Healthcare
• Energy and Power
• Manufacturing
• Government
• Other End users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Release ID: 413200