Digital storage devices market is estimated to grow at a CAGR of 27% during the forecast period 2017-2023 :

Pune, India, April 24, 2018, MRFR Press Release/- Market Research Future published a half cooked research report on Global Digital Storage Devices Market.

Market Highlights

The 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. This has created a huge demand for storage in cloud-based services. The digital storage devices are a kind of data storage device used to store the data, exchange data, files, images and more. These devices prove essential for a computing system to store the necessary information and retrieve that information later.

Key players

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.

Global Digital Storage Devices Market, USD Billion

 Digital Storage Devices Market

Source: MRFR Analysis

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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.