Market Overview:
The global device storage market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for data storage, rising number of data centers, and growing trend of cloud-based services. In terms of type, the climate-controlled device storage segment is expected to grow at a higher CAGR than the non-climate controlled device storage segment during the forecast period. This can be attributed to the increasing demand for temperature and humidity control in data centers and warehouses. In terms of application, commercial applications are expected to account for a larger share of the global device storage market than residential applications during the forecast period.
Product Definition:
Device Storage is a term used in modern computing to describe the various storage media that are available to a computer system. The three most common device storage devices are hard disk drives, solid state drives, and optical discs. Hard disk drives offer the largest capacity and are the slowest of the three devices; solid state drives offer significantly less capacity but are much faster than hard disk drives; optical discs have the smallest capacity but are much faster than both hard disk drives and solid state drives.
Climate-Controlled Device Storage:
Climate-controlled device storage is a new technology that came into existence in the last decade. The primary factor responsible for its growth was the need to store biological samples and other valuable medical equipment at an affordable cost. Over time, this market has evolved into a significant solution for all types of businesses involved in storing electronic devices such as laptops, cell phones, cameras and others.
The global climate-controlled device storage market size spans application areas.
Non-Climate Controlled Device Storage:
Non-Climate Controlled Device Storage (NCDS) is a technology that helps to store medical devices at controlled temperature and humidity. NCDS has been designed for short term storage of non-sensitive medical equipment such as surgical instruments, pharmaceuticals, biological samples & specimens and other research chemicals.
The demand for NCDS is increasing due to the increase in the number of healthcare facilities globally which need to store their excess device inventory.
Application Insights:
The commercial application segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the increasing demand from various industries including healthcare, manufacturing, and logistics. The need for data storage at a reasonable cost is driving the industry growth as vendors are offering their solutions at affordable prices. For instance, Iron Mountain offers its commercial customerspace-based architecture that helps it provide flexible data storage solutions on demand with high availability across multiple sites within a region or globally.
The residential sector is expected to witness significant growth over the forecast period owing to growing concerns about digital privacy and security among consumers worldwide including India China Brazil Germany France UK Mexico Argentina Australia Colombia Chile New Zealand Israel Japan Korea Malaysia Philippines Poland Russia South Africa Southeast Asia Turkey UAE Others (Southeast Asia).
Regional Analysis:
The North American region dominated the global device storage market in 2017. The growth can be attributed to the presence of a large number of key players, increasing demand for cloud based services, and growing adoption of digitalization in various sectors including healthcare, retail & e-commerce, and others. Moreover rising penetration of internet connectivityenabled devices such as smartphones along with rapid technological advancements is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to emerge as one of the fastest-growing regions during the forecast period owing to significant increase in investments by various governments across countries such as China and India for building smart cities along with developing advanced technologies that include IoT (Internet Of Things) solutions. Furthermore growing demand for high capacity storage devices from several industries including medical records & data protection will drive regional growth over next eight years.
Growth Factors:
- Proliferation of connected devices and the Internet of Things (IoT) is expected to drive the demand for device storage.
- The increasing demand for data storage capacity due to the growth of big data and cloud-based services is also anticipated to fuel market growth.
- Rapid technological advancements in flash-based storage solutions are expected to boost the adoption of these technologies, thereby propelling market growth.
- Stringent government regulations pertaining to data security and privacy are likely to create opportunities for device storage vendors in the coming years.
- . Growing demand from emerging economies is another key factor that would spur market growth during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Device Storage Market Research Report
By Type
Climate-Controlled Device Storage, Non-Climate Controlled Device Storage,
By Application
Residential, Commercial, Others,
By Companies
Prime Storage Group, Metro Storage, U-Haul International, CubeSmart, Simply Self Storage, StorageMart, All Self Storage, Amsdell, Urban Self Storage, KO Storage, Self Storage Services, Life Storage, Derrel's Mini Storage, Strategic Capital Holdings, Platinum Storage Group, Public Storage,
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Device Storage Market Report Segments:
The global Device Storage market is segmented on the basis of:
Types
Climate-Controlled Device Storage, Non-Climate Controlled Device Storage,
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
Residential, Commercial, 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:
- Prime Storage Group
- Metro Storage
- U-Haul International
- CubeSmart
- Simply Self Storage
- StorageMart
- All Self Storage
- Amsdell
- Urban Self Storage
- KO Storage
- Self Storage Services
- Life Storage
- Derrel's Mini Storage
- Strategic Capital Holdings
- Platinum Storage Group
- Public Storage
Highlights of The Device Storage 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:
- Climate-Controlled Device Storage
- Non-Climate Controlled Device Storage
- By Application:
- Residential
- Commercial
- 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 Device Storage 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.
How you may use our products:
- 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?
Device storage is a term used to describe the amount of space on a device that can be used for storing data.
Some of the major companies in the device storage market are Prime Storage Group, Metro Storage, U-Haul International, CubeSmart, Simply Self Storage, StorageMart, All Self Storage, Amsdell, Urban Self Storage, KO Storage, Self Storage Services, Life Storage, Derrel's Mini Storage, Strategic Capital Holdings, Platinum Storage Group, Public Storage.
The device storage market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Device Storage 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. Device Storage Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Device Storage Market - Supply Chain
4.5. Global Device Storage Market Forecast
4.5.1. Device Storage Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Device Storage Market Size (000 Units) and Y-o-Y Growth
4.5.3. Device Storage Market Absolute $ Opportunity
5. Global Device Storage 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. Device Storage Market Size and Volume Forecast by Type
5.3.1. Climate-Controlled Device Storage
5.3.2. Non-Climate Controlled Device Storage
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Device Storage 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. Device Storage Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Device Storage 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. Device Storage 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 Device Storage 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. Device Storage 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 Device Storage Demand Share Forecast, 2019-2026
9. North America Device Storage 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 Device Storage 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 Device Storage Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Device Storage Market Size and Volume Forecast by Type
9.7.1. Climate-Controlled Device Storage
9.7.2. Non-Climate Controlled Device Storage
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 Device Storage Demand Share Forecast, 2019-2026
10. Latin America Device Storage 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 Device Storage 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 Device Storage Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Device Storage Market Size and Volume Forecast by Type
10.7.1. Climate-Controlled Device Storage
10.7.2. Non-Climate Controlled Device Storage
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 Device Storage Demand Share Forecast, 2019-2026
11. Europe Device Storage 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 Device Storage 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 Device Storage Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Device Storage Market Size and Volume Forecast by Type
11.7.1. Climate-Controlled Device Storage
11.7.2. Non-Climate Controlled Device Storage
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections 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 Device Storage Demand Share, 2019-2026
12. Asia Pacific Device Storage 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 Device Storage 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 Device Storage Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Device Storage Market Size and Volume Forecast by Type
12.7.1. Climate-Controlled Device Storage
12.7.2. Non-Climate Controlled Device Storage
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 Device Storage Demand Share, 2019-2026
13. Middle East & Africa Device Storage 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 Device Storage 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 Device Storage Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Device Storage Market Size and Volume Forecast by Type
13.7.1. Climate-Controlled Device Storage
13.7.2. Non-Climate Controlled Device Storage
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 Device Storage Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Device Storage Market: Market Share Analysis
14.2. Device Storage Distributors and Customers
14.3. Device Storage Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Prime Storage Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Metro Storage
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. U-Haul International
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CubeSmart
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Simply Self Storage
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. StorageMart
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. All Self Storage
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Amsdell
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Urban Self Storage
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. KO Storage
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Self Storage Services
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Life Storage
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Derrel's Mini Storage
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Strategic Capital Holdings
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Platinum Storage Group
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Public Storage
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17.
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
