Global Consumer Data Storage Devices Market Insight and Assessment of Key Drivers, Size, Competition and Trends till 2025

A latest research report titled as “Global Market Study on Consumer Data Storage Devices: Asia Pacific to Lead the Global Market in Terms of Revenue Share” has been recently added to the vast portfolio of Market Research Reports Search Engine (MRRSE) online research offerings. This report is a professional and in-depth analysis on the present state and future prospect for the global market. It provides valuable information to the industry insiders, potential entrants or investors. It includes an exhaustive enquiry with the reliability of logic and the comprehensiveness of contents.

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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:

Number of laptop users worldwide is poised to grow as digitization of content increases. Laptop users will be the primary addressable market for SSD & HDD manufacturers.

Smartphone users will grow exponentially with the increase of disposable income in developing economies. These users will serve as a primary addressable market for USB Flash Drives and Memory Card manufacturers.

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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

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