Data Storage Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
For the purpose of this market research report, Data Storage is defined as permanent or temporary storage of data and information,in electromagnetic or other forms, through the use of hardware or software. With the digitalization of industries, the requirement and in turn demand for more efficient data storage devices has increased. Businesses make use of data storage devices to store commercial information and secure this data from hacking and unauthorized accessing. Efficient data storage is important to prevent data loss over time and to use with Artificial Intelligence services. The need for storage devices and storage capacity roughly doubles every three years.
Data Storage Market Growth and Trends
Data Storage Market Regional Analysis
With the world trailing towards digitization and the advent of digitization in industries and work-places is expected to bolster the growing demands of data storage in the global market. The Asia Pacific region is estimated to manifest a large growth in the market owing to a tangible surge in penetration of mobile phones and an increasing population that contributes to the rising demand for data storage devices.
North America and Europe, both account for holding the next largest share in the market due to the increasing penetration of cloud computing in the region that opens up demand for external and internal hard drives in the system to manage data storage.
The Middle Eastern and African regions also strive to register an eminent growth in the market with demand for data storage in banks and growing need for end-users who generate a massive amount of data.
Data Storage Market Share and Competition
Key companies operating in this industry are: Microsoft, VMware, HP, NetApp, Open Text, SanDisk, Hitachi and EMC.
Data Storage Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Consumer Storage
• Enterprise Storage
Application Analysis (Revenue, USD Million, 2020 - 2027)
• BFSI
• Defense and Aerospace
• Education
• Government
• Healthcare
• Telecom & IT
• Others
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Data Storage Market Companies
• Microsoft
• VMware
• HP
• NetApp
• Open Text
• SanDisk
• Hitachi
• EMC
Available Versions:-
United States Data Storage Market Research Report
Europe Data Storage Market Research Report
Asia Pacific Data Storage Market Research Report
India Data Storage Market Research Report
