Market Highlights
The mounting amount of data that digital services and devices are generating is expected to increase the demand for the market for digital storage devices. The escalated demand for digital storage devices in banking, healthcare, and information technology sectors is anticipated to create new avenues for evolution in the upcoming period.
The surge in digital devices is boosting the need for digital storage devices around the world. Reports that review the information and communication technology industry has been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is projected to accomplish a CAGR of 27 % while achieving revenues worth USD 11 billion in the coming years.
Regional Analysis:
On the basis of geography, the market is studied for North America, Europe, Asia Pacific, and rest of the world. Among all the regions, the market is dominated by North America providing digital storage devices for laptops, desktops, and portable storage devices for laptops, desktops, and portable storage. These vendors comprise a large market of storage device manufacturers. One of the major factors contributing to the growth of digital storage devices is the higher adoption of flash storage and rising penetration of smartphones with higher memory.
On the other hand, Asia Pacific is expected to show the highest growth considering developments in the semiconductor industry, and rising smartphone penetration rate in countries like India and China. Many companies in Asia Pacific are expanding their product portfolio by carrying out research into the SoC integration, and also by shifting their business onto the cloud, requiring additional storage requirement.
Competitive Dashboard:
The rise in the flow of international transactions between nations is further inspiring the progress of the market. The synergies being created between supply and demand forces in the market is expected to induce further growth of the market. The fluctuations in the currency are expected to stabilize and thus create a favorable impact on the market. The uncertainty in the market is a critical factor that is driving the formulation of policies and plans that will be applied to drive market growth. The competitors are devoting their resources to ensure an optimum level of growth in the coming years. The competition level in the market is found to be conducive to the advancement of the players who are operating in the market. The need to capture a broader chunk of the profits is supporting the expansion of the market. The influence of governmental policies is motivating further development in the market.
The central players in the digital storage devices market are Toshiba Corporation (Japan), Sony Corporation (Japan), Western Digital Technologies, Inc (U.S.), Intel Corporation (U.S.), Samsung Electronics Co Ltd (South Korea), Lenovo Group Ltd (China), Seagate Technology PLC (U.S.), Teradata Corporation (U.S.), Transcend Information, Inc (Taiwan), Brocade Communications Systems, Inc. (U.S.), Kingston Technology Corporation, Inc (U.S.), International Business Machines Corporation (U.S.), EMC Corporation (U.S.), SanDisk Corporation (U.S.), NetApp, Inc. (U.S.), Hewlett Packard Company (U.S.), Netgear, Inc. (U.S.), Fujitsu Ltd. (Japan), Violin Systems (U.S.) to name a few.
Segmentation:
The segmentation of the digital storage devices industry is carried out on the basis of type, application, storage, usage, and region. On the bases of type, the digital storage device market is segmented into optical disk drives, solid state drives, magnetic disk drives, flash storage, and others. The flash storage is additionally segmented into memory card and USB storage. Based on the application, the digital storage device market is segmented into laptops, smartphone, personal computers, networking, and others. By storage, the digital storage device market is segmented into 8-128 Gb, 512 Gb to 2 Tb, 128-512 Gb, up to 8 Gb, 2 Tb and above. Based on the usage, the digital storage device market is segmented into enterprise usage and individual usage. Based on the region, the digital storage device market is segmented into Europe, North America, Asia Pacific, and the rest of the world.
Market HighlightsAccording 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.
Examples of digital storage devices include optical drives, magnetic drives, solid-state drives, and the most commonly used flash memory drive.
Another significant factor that continues to increase business growth is the growth in cloud computing services.
Solid-State drives are further segmented into flash memory-based, DRAM-based, and other.
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 AnalysisBased on the region, the global digital storage devices market 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.
Market HighlightsThe Internet-based service enterprises have been carrying out newer and efficient techniques to deal with growing number of data servers requiring a lot of storage.
These devices prove essential for a computing system to store the necessary information and retrieve that information later.The factors that affect the market growth include the increasing amount of data from digital services and industries like banking, healthcare, information technology and others.
Moreover, the rising trend of smartphones with high capacity storage is also expected to fuel the market.Regional Analysis:On the basis of geography, the market is studied for North America, Europe, Asia Pacific, and rest of the world.
Among all the regions, the market is dominated by North America providing digital storage devices for laptops, desktops, and portable storage devices for laptops, desktops, and portable storage.
One of the major factors contributing to the growth of digital storage devices is the higher adoption of flash storage and rising penetration of smartphones with higher memory.On the other hand, Asia Pacific is expected to show the highest growth considering developments in the semiconductor industry, and rising smartphone penetration rate in countries like India and China.
Many companies in Asia Pacific are expanding their product portfolio by carrying out research into the SoC integration, and also by shifting their business onto the cloud, requiring additional storage requirement.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5884Competitive Dashboard:Some of the major players in global digital storage devices market include Western Digital Technologies, Inc (U.S.), Toshiba Corporation (Japan), Sony Corporation (Japan), Intel Corporation (U.S.), Lenovo Group Ltd (China), Samsung Electronics Co Ltd (South Korea), SanDisk Corporation (U.S.), Seagate Technology PLC (U.S.), Teradata Corporation (U.S.), Transcend Information, Inc (Taiwan), among others.Other vendors include Kingston Technology Corporation, Inc (U.S.) International Business Machines Corporation (U.S.), EMC Corporation (U.S.), Hewlett Packard Company (U.S.), Brocade Communications Systems, Inc. (U.S.), NetApp, Inc. (U.S.), Netgear, Inc. (U.S.), Fujitsu Ltd. (Japan), Violin Systems (U.S.), LSI Corporation (U.S.), Kingmax Semiconductor Inc. (Taiwan), Hitachi-LG Data Storage (South Korea), Promise Technology, Inc. (Taiwan), among others.Segmentation:By the type, the market is segmented into flash storage, solid state drives, magnetic disk drives, optical disk drives, and others.
The need to support the huge scale of recent workloads and storage demands is bolstering the hyperscale data center market.
Reports that study the information and communication technology industry have been offered by Market Research Future, which creates reports on industry verticals that judge the market growth and forecasts.
Furthermore, the need to control operational and capital expenditures is another key factor that is anticipated to have a significant impression on the market for hyperscale data centers.
The geopolitical conflicts and strategies are further intensified by the power tussles in international governments.
The developments in the manufacturing sector in terms of equipment and facility space are expected to bolster the market’s development in the forecast period.
The revolution noticed in the economies of numerous emerging nations is anticipated to push the market’s development in the forecast period.
The market can stand at a valuation of over USD 52 Billion by 2027-end, reveals MRFR.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2541Primary Drivers and Main BarriersMRFR anticipates a brisk growth of the hadoop big data analytics market in the near future, thanks to the tsunami of data being generated across various industry verticals, which is only expected to surge further in the coming years.
These efforts are some of the most effective strategies that are used by companies to achieve a better position in the global market.
Data experts view this as a significant trend that can lead considerable expansion of the Hadoop big data analytics market in the following years.The investments being made by market participants in next generation solutions has increased tremendously over the years, which are also anticipated to induce industry growth.
End-users are doing everything in their capacity to bring down the hardware costs, which not only strengthens their market position but also boosts the demand for Hadoop big data analytics.The emerging trend of visualization-backed data discovery tools is being continuously explored by organizations to reap more benefits from Big Data.
Organizations largely dependent on centralized development of reports usually conducted by highly skilled experts are now opting for the quicker and more cost-effective business intelligence model that leverages the dynamic combination of mobile workforce and Big Data.Market SegmentationComponent, application and end-user are the primary segments depending on which the study of the market has been carried out in the MRFR report.Component-dependent market segmentation comprises Software as well as Services (which include Managed Services, Training & Support and Consulting & Development,).
In the year 2017, the largest share of 71.05% was claimed by the software segment, which is presumed to advance at a pace of 35.69% in the ensuing period.Applications of Hadoop big data analytics are Internet of Things (IoT), Risk & Fraud Analytics, Security Intelligence, Merchandising & Supply Chain Analytics, Customer Analytics, Merchandising Coordination Service, Distributed Coordination Service, and others.
Market SnapshotCovid-19 Impact on Device as a Service Market set to expand at a CAGR of 54.7% during the forecast period (2017-2023) projects Market Research Future (MRFR) in its latest report.
This is prompting enterprises to adopt DaaS solutions to reduce operational expenditure and capital investment.
Moreover, DaaS help businesses to manage hardware (mobile phones, laptops, tablets, PCs, desktops, etc.)
and software.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/4486Growing need for technical expertise in enterprises for mobile device management and endpoint management tools is influencing the global device as a service market.
DaaS offer businesses with better assistance and maintenance support from a vendor, reducing additional IT staff cost.
The cloud segmented commands for the lion’s share of the market and this trend in likely to continue for the next couple of years.
The market can stand at a valuation of over USD 52 Billion by 2023-end, reveals MRFR.Significant CompetitorsSignificant competitors in the Hadoop big data analytics industry are MapR Technologies (U.S.), Tableau Software, Inc. (U.S.), Karmasphere, Inc. (U.S.), Microsoft Corporation (U.S.), Cloudera, Inc. (U.S.), Teradata Corporation (U.S.), Pentaho Corporation (U.S.), Datameer, Inc. (U.S.), IBM Corporation (U.S.), Amazon Web Services (U.S.), to list a few.Primary Drivers and Main BarriersMRFR anticipates a brisk growth of the hadoop big data analytics market in the near future, thanks to the tsunami of data being generated across various industry verticals, which is only expected to surge further in the coming years.
These efforts are some of the most effective strategies that are used by companies to achieve a better position in the global market.
Data experts view this as a significant trend that can lead considerable expansion of the Hadoop big data analytics market in the following years.Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/2541The investments being made by market participants in next generation solutions has increased tremendously over the years, which are also anticipated to induce industry growth.
End-users are doing everything in their capacity to bring down the hardware costs, which not only strengthens their market position but also boosts the demand for Hadoop big data analytics.The emerging trend of visualization-backed data discovery tools is being continuously explored by organizations to reap more benefits from Big Data.
Organizations largely dependent on centralized development of reports usually conducted by highly skilled experts are now opting for the quicker and more cost-effective business intelligence model that leverages the dynamic combination of mobile workforce and Big Data.Market SegmentationComponent, application and end-user are the primary segments depending on which the study of the market has been carried out in the MRFR report.Component-dependent market segmentation comprises Software as well as Services (which include Managed Services, Training & Support and Consulting & Development,).
In the year 2017, the largest share of 71.05% was claimed by the software segment, which is presumed to advance at a pace of 35.69% in the ensuing period.Check Discount @ https://www.marketresearchfuture.com/check-discount/2541Applications of Hadoop big data analytics are Internet of Things (IoT), Risk & Fraud Analytics, Security Intelligence, Merchandising & Supply Chain Analytics, Customer Analytics, Merchandising Coordination Service, Distributed Coordination Service, and others.
