Market Overview:
The global data storage devices market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for data storage devices from various applications such as store, port, extract data files, and others. Additionally, the growing trend of big data and cloud-based services is also fueling the growth of the global data storage devices market. However, factors such as high initial investment and lack of awareness about latest technologies are restraining the growth of this market. On basis on type, internally stored device held major share in 2017.
Product Definition:
A data storage device is a piece of hardware used to store digital information. This can include photos, music, videos, and documents. There are many different types of data storage devices available, including external hard drives, flash drives, and cloud storage.
Data storage devices are important because they allow people to keep their digital files safe and organized. They also make it easy for people to access their files from any device or computer with internet access.
Internally:
An internally, organized data storage system is a method of storing digital information on electronic devices. Internally stored file systems are often used for computer operating systems and software applications. The main function of such a system is to provide fast access to the stored information without requiring any external intervention in terms of input/output or physical media.
Externally:
An externally mounted drive is one in which the data is stored and accessed without the need for a physical connection to an internal hard disk drive. External drives are connected to computers through USB, FireWire, eSATA or optical interfaces.
The primary benefit of externally mounted drives over internal ones is that they can be used with any computer regardless of their operating system (Windows or Linux).
Application Insights:
The store application segment accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The increasing use of cloud storage services has led to an increase in demand for globally distributed storage devices. Store applications are widely used across multiple industry verticals such as BFSI, IT and telecom, media & entertainment, public sectors (government), retail and others.
The extract data files application segment is expected to grow at a significant rate over the forecast period owing to its rising adoption across various industries such as oil & gas, construction etc.
Regional Analysis:
The market in North America is expected to witness growth over the forecast period owing to the presence of key players such as Seagate Technology PLC; Western Digital Technologies LLC; and Toshiba Corporation. The increasing number of data centers in this region is also driving the demand for global data storage devices market. For instance, according to a study published by Internet Association, there were 1,845 data centers in U.S., hosting an estimated 729 million digital assets across all media types at the end of 2017.
Asia Pacific regional market captured more than 25% revenue share in 2016 and was valued at USD X million owing to growing investments from various companies for building new data centers or expanding their existing ones.
Growth Factors:
- Increasing demand for big data storage and analytics: The global data storage market is expected to grow from .6 billion in 2016 to .9 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 24.3%. This is mainly attributed to the increasing demand for big data storage and analytics solutions across various industries.
- Proliferation of Internet of Things (IoT): The number of connected devices is growing exponentially with the proliferation of IoT and this is resulting in an increase in the amount of data generated every day. This is driving the need for efficient data management and storage solutions, thereby fueling the growth of the global data storage market.
- Emergence of cloud-based services: Cloud-based services are gaining popularity due to their ability to provide on-demand access to resources, scalability, and cost-effectiveness benefits over traditional hosting models .This is leading organizations worldwide shift their workloads from on-premises infrastructure to cloud environments, thereby fuelingthe growthof theeData Storage Devicesmarket4 Increased spending on information technology (IT): Organizations are increasingly allocating more funds towards IT initiatives in order to improve operational efficiency, agility,,and competitiveness .ThisisleadingtothegrowthofthedataStorageDevicesmarket5 Growing trend towards green computing: With concerns around climate change mounting every day,, organizations are looking at ways tousecomputingresourcesmoreefficientlyandreduceenergyconsumption .Thisistrending
Scope Of The Report
Report Attributes
Report Details
Report Title
Data Storage Devices Market Research Report
By Type
Internally, Externally
By Application
Store, Port, Extract Data Files, Others
By Companies
Hitachi, Western Digital Technologies, EMC, Seagate technology, TeraData, IBM, Quantum, Hitachi, Lenovo, Toshiba, SanDisk, Maxtor
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Data Storage Devices Market Report Segments:
The global Data Storage Devices market is segmented on the basis of:
Types
Internally, Externally
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Store, Port, Extract Data Files, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hitachi
- Western Digital Technologies
- EMC
- Seagate technology
- TeraData
- IBM
- Quantum
- Hitachi
- Lenovo
- Toshiba
- SanDisk
- Maxtor
Highlights of The Data Storage Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Internally
- Externally
- By Application:
- Store
- Port
- Extract Data Files
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Data Storage Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Data storage devices are any physical or virtual devices used to store data. This could include hard drives, flash memory, optical discs, and even cloud storage services.
Some of the key players operating in the data storage devices market are Hitachi, Western Digital Technologies, EMC, Seagate technology, TeraData, IBM, Quantum, Hitachi, Lenovo, Toshiba, SanDisk, Maxtor.
The data storage devices market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Data Storage Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Data Storage Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Data Storage Devices Market - Supply Chain
4.5. Global Data Storage Devices Market Forecast
4.5.1. Data Storage Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Data Storage Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Data Storage Devices Market Absolute $ Opportunity
5. Global Data Storage Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Data Storage Devices Market Size and Volume Forecast by Type
5.3.1. Internally
5.3.2. Externally
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Data Storage Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Data Storage Devices Market Size and Volume Forecast by Application
6.3.1. Store
6.3.2. Port
6.3.3. Extract Data Files
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Data Storage Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Data Storage Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Data Storage Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Data Storage Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Data Storage Devices Demand Share Forecast, 2019-2026
9. North America Data Storage Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Data Storage Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Data Storage Devices Market Size and Volume Forecast by Application
9.4.1. Store
9.4.2. Port
9.4.3. Extract Data Files
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Data Storage Devices Market Size and Volume Forecast by Type
9.7.1. Internally
9.7.2. Externally
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Data Storage Devices Demand Share Forecast, 2019-2026
10. Latin America Data Storage Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Data Storage Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Data Storage Devices Market Size and Volume Forecast by Application
10.4.1. Store
10.4.2. Port
10.4.3. Extract Data Files
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Data Storage Devices Market Size and Volume Forecast by Type
10.7.1. Internally
10.7.2. Externally
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Data Storage Devices Demand Share Forecast, 2019-2026
11. Europe Data Storage Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Data Storage Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Data Storage Devices Market Size and Volume Forecast by Application
11.4.1. Store
11.4.2. Port
11.4.3. Extract Data Files
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Data Storage Devices Market Size and Volume Forecast by Type
11.7.1. Internally
11.7.2. Externally
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projection by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Data Storage Devices Demand Share, 2019-2026
12. Asia Pacific Data Storage Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Data Storage Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Data Storage Devices Market Size and Volume Forecast by Application
12.4.1. Store
12.4.2. Port
12.4.3. Extract Data Files
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Data Storage Devices Market Size and Volume Forecast by Type
12.7.1. Internally
12.7.2. Externally
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Data Storage Devices Demand Share, 2019-2026
13. Middle East & Africa Data Storage Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Data Storage Devices Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Data Storage Devices Market Size and Volume Forecast by Application
13.4.1. Store
13.4.2. Port
13.4.3. Extract Data Files
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Data Storage Devices Market Size and Volume Forecast by Type
13.7.1. Internally
13.7.2. Externally
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Data Storage Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Data Storage Devices Market: Market Share Analysis
14.2. Data Storage Devices Distributors and Customers
14.3. Data Storage Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hitachi
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Western Digital Technologies
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. EMC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Seagate technology
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TeraData
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. IBM
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Quantum
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hitachi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Lenovo
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Toshiba
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SanDisk
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Maxtor
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
