Market Overview:
The global consumer data storage devices market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for data storage devices from adults and teenagers across the globe. Additionally, the growing trend of cloud-based storage is also contributing to the growth of this market. On the basis of type, hard disk drives are expected to account for a major share of the global consumer data storage devices market during the forecast period. This can be attributed to their low cost as compared to other types of data storage devices such as solid state drives and optical discs. However, solid state drives are witnessing high adoption rates due their superior performance as compared to hard disk drives.
Product Definition:
Storage devices that are used by consumers to store data. These can include external hard drives, USB flash drives, and SD cards. They are important because they allow people to store data that they may need access to later. This can include documents, photos, and videos.
Hard Disk Drive:
Hard disk drive, commonly known as HDD or Hard Disk is an electronic device that stores and protects digital data on a magnetic disk coated with a thin layer of aluminum. The hard disk is the central nervous system of the computer systems; it's responsible for storing and running all the programs and files. Modern computers have several drives including CD-ROM, DVD-ROM, Blu-ray Discs etc.
Solid State Drive:
Solid State Drive (SSD) is a type of digital data storage device, which uses integrated circuits as an alternative to the traditional mechanical devices for storing and retrieving digital information. The solid state drive technology has been evolving gradually over the past few years and has reached its maturity stage currently. Currently, there are two types of technologies that are used in SSDs: NAND flash memory and MLC flash memory.
Application Insights:
The adults segment held the largest market share in 2017. The segment is driven by increasing use of social networking websites, growing number of e-commerce transactions and rising disposable income across the globe. According to a study published by researchers at Harvard Business School, it was estimated that around 60% to 80% of total online purchasing activities are done through social media platforms such as Facebook and Google+.
Consumer data storage devices are used for various applications including storing photos, videos and documents along with other personal files such as music, e-books and contact lists. Increasing usage of smartphones has led to increase in consumer data storage requirements on mobile phones along with tablets which have further increased the need for external hard disk drives among consumers globally. Moreover, introduction of cloud services has further increased consumer demand for internet-connected devices that store their data in remote servers thereby driving global consumerdata storage device market growth over the forecast period.
Regional Analysis:
The North American region dominated the global market in 2017. The growth of the regional market can be attributed to factors such as high penetration of internet users, rising adoption of cloud services, and growing demand for consumer electronics devices. Moreover, increasing government mandates for data protection are also expected to drive industry expansion over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to factors such as developing infrastructure and increasing investments in digitalization across various economies including China and India.
Growth Factors:
- Increasing demand for data storage from small and medium businesses (SMBs) due to the growth of digital content
- Proliferation of big data and the need for efficient data management solutions
- Growing demand for cloud-based storage services
- Emergence of new storage technologies that offer higher capacities and performance at lower costs
- Rapid expansion of the Internet of Things (IoT) market, which is generating large volumes of data that need to be stored and processed
Scope Of The Report
Report Attributes
Report Details
Report Title
Consumer Data Storage Devices Market Research Report
By Type
Hard Disk Drive, Solid State Drive
By Application
Adults, Teenagers
By Companies
Seagate Technology, Western Digital, Toshiba, Samsung, Sony, Transcend Information, Mitsubishi Chemical, PNY Technologies, Kingston Technology, Corsair, HP, Apple, Lenovo
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
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Consumer Data Storage Devices Market Report Segments:
The global Consumer Data Storage Devices market is segmented on the basis of:
Types
Hard Disk Drive, Solid State Drive
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
Adults, Teenagers
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:
- Seagate Technology
- Western Digital
- Toshiba
- Samsung
- Sony
- Transcend Information
- Mitsubishi Chemical
- PNY Technologies
- Kingston Technology
- Corsair
- HP
- Apple
- Lenovo
Highlights of The Consumer 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:
- Hard Disk Drive
- Solid State Drive
- By Application:
- Adults
- Teenagers
- 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 Consumer 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Consumer data storage devices are any electronic devices used by consumers to store personal information. This can include, but is not limited to, smartphones, tablets, laptops and desktop computers.
Some of the key players operating in the consumer data storage devices market are Seagate Technology, Western Digital, Toshiba, Samsung, Sony, Transcend Information, Mitsubishi Chemical, PNY Technologies, Kingston Technology, Corsair, HP, Apple, Lenovo.
The consumer data storage devices market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Consumer Data Storage Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Consumer Data Storage Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Consumer Data Storage Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Consumer Data Storage Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Consumer Data Storage Devices Market Size & Forecast, 2018-2028
4.5.1 Consumer Data Storage Devices Market Size and Y-o-Y Growth
4.5.2 Consumer Data Storage Devices Market Absolute $ Opportunity
Chapter 5 Global Consumer Data Storage Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Consumer Data Storage Devices Market Size Forecast by Type
5.2.1 Hard Disk Drive
5.2.2 Solid State Drive
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Consumer Data Storage Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Consumer Data Storage Devices Market Size Forecast by Applications
6.2.1 Adults
6.2.2 Teenagers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Consumer Data Storage Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Consumer Data Storage Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Consumer Data Storage Devices Analysis and Forecast
9.1 Introduction
9.2 North America Consumer Data Storage Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Consumer Data Storage Devices Market Size Forecast by Type
9.6.1 Hard Disk Drive
9.6.2 Solid State Drive
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Consumer Data Storage Devices Market Size Forecast by Applications
9.10.1 Adults
9.10.2 Teenagers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Consumer Data Storage Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Consumer Data Storage Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Consumer Data Storage Devices Market Size Forecast by Type
10.6.1 Hard Disk Drive
10.6.2 Solid State Drive
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Consumer Data Storage Devices Market Size Forecast by Applications
10.10.1 Adults
10.10.2 Teenagers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Consumer Data Storage Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Consumer Data Storage Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Consumer Data Storage Devices Market Size Forecast by Type
11.6.1 Hard Disk Drive
11.6.2 Solid State Drive
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Consumer Data Storage Devices Market Size Forecast by Applications
11.10.1 Adults
11.10.2 Teenagers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Consumer Data Storage Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Consumer Data Storage Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Consumer Data Storage Devices Market Size Forecast by Type
12.6.1 Hard Disk Drive
12.6.2 Solid State Drive
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Consumer Data Storage Devices Market Size Forecast by Applications
12.10.1 Adults
12.10.2 Teenagers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Consumer Data Storage Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Consumer Data Storage Devices Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Consumer Data Storage Devices Market Size Forecast by Type
13.6.1 Hard Disk Drive
13.6.2 Solid State Drive
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Consumer Data Storage Devices Market Size Forecast by Applications
13.10.1 Adults
13.10.2 Teenagers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Consumer Data Storage Devices Market: Competitive Dashboard
14.2 Global Consumer Data Storage Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Seagate Technology
14.3.2 Western Digital
14.3.3 Toshiba
14.3.4 Samsung
14.3.5 Sony
14.3.6 Transcend Information
14.3.7 Mitsubishi Chemical
14.3.8 PNY Technologies
14.3.9 Kingston Technology
14.3.10 Corsair
14.3.11 HP
14.3.12 Apple
14.3.13 Lenovo
