(MENAFN- GetNews) portable data storage market is expected to grow at approx. USD 4 Billion by 2023, at 20% of CAGR between 2017 and 2023. Market Highlights:
Portable data storage can be defined as a device that stores digital information. It is somewhat different from portable media player that stores data related to music and movies. The portable devices can store large amount of data at a much faster rate. The high data stability of portable devices enable enterprises to rely on the portable devices while sharing large volume of data.
Portable data storage market has been segmented on the basis of storage type. That includes pen drive, SSD memory card, hard drives, blu-ray disk, USB and others. The advanced blu-ray disk are capable of using storing 50 GB of data and more. Along with high storage capacity, it displays good quality of videos and audios. Recently developed blu-ray players consists of additional commentaries behind the scene. It enhances users experience by offering improved network connectivity feature. The study indicates, advanced blu-ray players comprises of improved disc coating that provides increased resistance to scratches and smudges.
The Portable Data Storage Market is expected to grow at approx. USD 4 Billion by 2023, at 20% of CAGR between 2017 and 2023.
Major factors driving the Portable Data Storage Market includes government regulation for business to store and maintain a backup of variety of data they make use of. To protect data from virus and malware software that requires strong backup solutions and high storage capacity is one of the significant factor driving market growth. According to the study, each new up gradation of software and operating system requires high storage capacity of hard drives. Further, the growing need to store media files, such as movies, videos, songs and documentaries for making it available to users on network is generating the demand for high capacity solution.
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Major Key Players:
SanDisk (U.S.) ADATA Technology Co., Ltd. (Taiwan) Seagate Technology PLC (U.S.) Samsung Group (South Korea) Transcend Information, Inc. (Taiwan) Toshiba Corporation (Japan) Freecom (Germany) Hewlett-Packard (U.S.) Sony Corporation (Japan) Other World Computing (U.S.) Regional Analysis: The regional analysis of portable data storage market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market followed by Europe, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period.
The major growth in portable data storage market in North America attributed to the technical advancements and well established infrastructure in that region. Asia-Pacific region is growing with the highest CAGR owing to major data portable device manufacturers present in the region.
Portable Data Storage Market Segmentation:
The portable data storage market has been segmented on the basis of storage type, memory size and formatting type. By storage type segment it includes, pen drive, SSD memory card, hard drives, blu-ray disk, USB and others. Pen-drive is the most frequently used portable data storage device owing to its compact size, inbuilt power system, high portability and cost effective property is fostering the growth of pen drive market.
Intended Audience:
Technology investors Research/Consultancy firms Technology providers Original Equipment Manufacturers IT Solution Providers Table of Contents 1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
Continued….
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List of Tables
Table 1 Portable Data Storage Market, By Storage Type
Table 2 Portable Data Storage Market, By Memory Size
Table 3 Portable Data Storage Market, By Formatting Type
Continued….
List of Figures
Figure 1 Research Type
Figure 2 Portable Data Storage market: By Storage Type (%)
Figure 3 Portable Data Storage market: By Memory Size (%)
Continued….
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