Global Data Storage Market By Overview
Introduction:
Data storage is a general term for archiving data in electromagnetic or other forms of an individual or an organization. Data storage is performed either by a computer or a device. Different types of data storage play different roles in a computing environment. It is the recording of information in a storage medium. It refers to the use of recording media to retrieve data using computers or other devices. Data can be stored in three formats: file storage, block storage and object storage. Handwriting, phonographic media, documentation, magnetic tape and optical discs are all common examples of storage media. Each data hold, organize and present data in different ways; each possess their own limitations and capabilities. The mechanism of data storage is user sends files manually or in an automated fashion over the internet to the data server which forwards the information to multiple servers. The Data Storage Market accounted for US$ 61.24 billion in 2020 and is estimated to be US$ 604.54 billion by 2030 and is anticipated to register a CAGR of 26.0%.
Global Data Storage Market By Dynamics
Rising investments in IT sector
High investments in information technology infrastructure by firms to address growing need for storage space is the major driving factor for the target market growth. Also, increasing use of smartphones and growth of ecommerce sector in semi-urban and urban areas is boosting the target market growth as well. In addition, rising adoption of cloud technology among large enterprises attributed to cyber security is fueling the target market growth. Furthermore, flexibility provided by cloud technology to consumers for accessing stored information anytime and anywhere has upsurge the target market growth. Moreover, live streaming of online content and data generation through client interaction is expected to augment the target market growth over the forecast period.
However, lack of security in network or cloud technology is hampering the target market growth. Also, hackers and intruders are gaining unauthorized access to highly sensitive information stored in cloud, which can lead to cyber threats and loss of important information related to organization which is restraining the target market growth as well.
Global Data Storage Market By Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global data storage market is segmented based on type, application, and region.
On the basis of type, the global data storage market is segmented into primary (RAM and ROM), secondary (hard disks and magnetic tapes), and tertiary (cloud and networked storage). On the basis of application, the target market is segmented into enterprises, consumer, banking, telecommunication, media & entertainment, education, and government.
Regional Insights:
The global data storage market accounted for US$ 61.24 billion in 2020 and is estimated to be US$ 604.54 billion by 2030 and is anticipated to register a CAGR of 4.2%. On region the global data storage market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to be the leading target market over the forecast period due to rising adoption of cloud technology to ensure information backup and recovery. Also, growth of e-commerce industry and rapid increase in urban population have upsurge the demand for high-capacity databases which is augmenting the target market growth in the region. Furthermore, growing use of digital devices and services is propelling the target market growth in Asia-Pacific. Whereas, North America is expected to be second dominating target market over the forecast period. Rise in the adoption of cloud storage gateways and rising need for big data is the major driver for the growth of the target market in the region. Rapid advancements in semiconductor technology and declining prices of flash memory in the United States is fueling the target market growth in the region. Also, increasing use of next generation storage solutions by local enterprises is majorly boosting the target market growth in North America.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
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Market Segmentation |
By Type- Primary (RAM and ROM), Secondary (Hard Disks and Magnetic Tapes) and Tertiary (Cloud and Networked Storage) By Application– Enterprises, Banking, Consumer, Telecommunication, Media & Entertainment, Education, and Government |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global data storage market report based on type, application, and region.
Global Data Storage Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Data Storage Market By Key Players
The key players operating in the global data storage market includes SanDisk Corporation, Amazon Web Services., Inc., IBM Corporation, Microsoft Corporation, Toshiba Corporation, Hewlett Packard Development Company, Quantum Corporation, Hitachi Ltd., Lenovo., Inc., Western Digital Corporation
Global Data Storage Market By Company Profile
- SanDisk Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Amazon Web Services., Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- IBM Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Microsoft Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Toshiba Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hewlett Packard Development Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Quantum Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hitachi Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Lenovo., Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Western Digital Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Data Storage Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- PORTER’s
- Investment Outlook
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Data Storage Strategies
- Key Questions this Study will Answer
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- By Type (Primary (Random Access Memory (RAM) and Read Only Memory), Secondary (Hard Disks and Magnetic Tapes), and Tertiary (Cloud and Networked Storage)),
- By Application (Enterprises, Consumer, Banking, Telecommunication, Media & Entertainment, Education, and Government),
- By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Regional Analysis
- Regional Revenue Analysis
- Regional By segment Analysis
- Reasons for regional growth
- Key Player of particular region
- Countries Include in the report:
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- North America (U.S., Canada)
- Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
- Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)
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- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Competitive Overview
- Competitive Benchmarking
- Market Share Analysis
- Key Developments In The Global Data Storage Market
- Key Developments: Mergers & Acquisitions
- Key Developments: Collaboration
- Key Developments: Contracts & Agreements
- Key Developments: Expansion
- Key Developments: Product Developments
- Company Profiles
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- SWOT Analysis
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- SanDisk Corporation
- Amazon Web Services., Inc.
- IBM Corporation
- Microsoft Corporation
- Toshiba Corporation
- Hewlett Packard Development Company
- Quantum Corporation
- Hitachi Ltd.
- Lenovo., Inc.
- Western Digital Corporation
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global Data Storage Market report segments the market on the basis of type, application, and region.
Global data storage is majorly driven by high investments in information technology infrastructure by firms to address growing need for storage space. In addition, increasing use of smartphones and growth of ecommerce sector in semi-urban and urban areas is augmenting the target market growth as well.
Asia Pacific is expected to be the leading target market over the forecast period due to rising adoption of cloud technology to ensure information backup and recovery.
The leading players operating in the Global Data Storage Market includes SanDisk Corporation, Amazon Web Services., Inc., IBM Corporation, Microsoft Corporation, Toshiba Corporation, Hewlett Packard Development Company, Quantum Corporation, Hitachi Ltd., Lenovo., Inc., and Western Digital Corporation.