Consumer Data Storage Devices are gaining adoption across enterprises, owing to the rapid increase in the amount of data generated by users. Consumer Data Storage Devices help users store data securely and provide accessibility of data to users at any point in time. These devices include Solid State Drives, Hard Disk Drives, Memory Cards, USB Flash Drives and Optical Disks.
Global Consumer Data Storage Devices Market: Forecast
In terms of value, the global Consumer Data Storage Devices market is expected to register a CAGR of 3.3% during the forecast period 2017 – 2025. The Consumer Data Storage Devices market was valued at US$ 14,250.6 Mn in 2016 and is projected to reach US$ 18,796.5 Mn by 2025 end. Rising amount of HD Video Content is a major factor driving the market. The global Consumer Data Storage Devices Market is expected to witness a moderate growth during the forecast period due to the established penetration of storage devices among consumers coupled with the competition from cloud storage fueled by growing penetration of the internet in developing nations. The growth of these devices is also expected to be fueled by the growing proliferation of such devices among multiple users.
Factors impacting revenue growth of the global market
Growth in revenue of the global Consumer Data Storage Devices Market is anticipated to be driven by the following factors:
Market segmentation and forecast
The Consumer Data Storage Devices market is categorized on the basis of Type, Capacity, and region. On the basis of type, the market is segmented into Hard Disk Drive, Solid State Drive, USB Flash Drives, Memory Cards, and Optical Disks. Solid State Drive is anticipated to register a CAGR of 7.8% during the forecast period. In terms of value, the Hard Disk Drive Segment is expected to create an incremental opportunity of US$ 68.1 Mn between 2017 and 2025. The Capacity Segment is divided into Hard Disk Drive with sub segments <= 2TB, 2.1-6TB & 8TB and Solid State Drive with segments <= 1TB and 1.1-2TB. In terms of value, the HDD segment is expected to increase 2.9X between 2017 and 2025.
Among regions, Asia Pacific accounted for the largest market share in 2016 owing to the high proliferation of consumer electronics in the region. The Latin America regional market is expected to register a CAGR of 3.7% during the forecast period. Also, demand for Consumer Data Storage Devices products and services is increasing in the markets in North America and Europe.
Persistence Market Research offers a four year historical analysis from 2012 to 2016 and an eight year forecast for the global Consumer Data Storage Devices market between 2017 and 2025. This study demonstrates the market dynamics and trends globally across five regions North America, Latin America, Europe, Asia Pacific, and Middle East and Africa which influence the current nature and future status of the Consumer Data Storage Devices market over the forecast period.
This research report provides a detailed analysis of the Consumer Data Storage Devices market and offers insights on the various factors driving popularity of these systems. The market study provides a comprehensive assessment of key stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on type of devices and by device capacity across different regions globally. The report starts with an overview of the Consumer Data Storage Devices market in terms of value. In addition, this section includes analysis of macro-economic factors, opportunity analysis and technology trends influencing the Consumer Data Storage Devices Market. Impact analysis of key growth drivers and restraints, based on the weighted average model and PMR analysis and recommendations are included in this report to facilitate clients with crystal clear decision-making insights.
Key Regions covered:
The report provides a detailed analysis covering drivers, restraints, trends and key regulations across the various regions and also highlights market presence (intensity map) for key representative market participants.
The next section provides a detailed analysis of the Consumer Data Storage Devices market across various countries in the region. It provides a market outlook for 2017–2025 and sets the forecast within the context of the Consumer Data Storage Devices market including latest technological developments as well as service offerings in the market. This study discusses key trends within countries contributing to the growth of the market, as well as analyses the degree at which drivers are influencing this market in each region. This report evaluates historical trends, present scenario and the growth prospects of the Consumer Data Storage Devices market across various regions globally for the period 2017 –2025. We have considered 2016 as the base year and provided data for the trailing 12 months.
To calculate Consumer Data Storage Devices market size, we have considered country wise adoption rate of Consumer Data Storage Devices. Further, we have also analysed the revenue contribution from Consumer Data Storage Devices providers. The forecast presented here assesses the total revenue by value across the market. In order to offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the Consumer Data Storage Devices market will develop in the future. Given the characteristics of the market, we have triangulated the outcome of different types of analyses based on adoption trends. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the market.
In the final section of the report, we include a competitive landscape to provide clients with a dashboard view, based on categories of providers in the value chain, presence in the Consumer Data Storage Devices portfolio and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the Consumer Data Storage Devices value chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the Consumer Data Storage Devices market.