Digital Storage Devices Market Expected to Reach 17.50Bn US$ by 2026 | Top Key Players Revenue Analysis: SanDisk, Samsung Electronics, IBM, Intel Corporation, Sony, Lenovo, Kingston Technology Corporation, Western Digital Technologies

Global Digital Storage Devices market is expected to grow from $2.80 billion in 2017 to reach $17.50 billion by 2026 with a CAGR of 22.6%. Increasing trend of smart phones with high capacity storage space and incredible increase in cloud computing section are some of the key factors fuelling the market growth. However, information loss problems such as corruption, missing, or deleted data and unreachable storage tools are some factors hampering the growth of the market. Moreover, focus on adopting cloud computing solutions will grant abundant opportunities for the digital storage solution vendors.

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Data storage device is a computing hardware that is used to store, port and extract data files and objects. Data storage devices are one of the core components of a computing device. It works as a storage medium which can be attached to a computer or a server, internally or externally. They are available in different form factors such as hard disk drives (HDD) and Solid State Drives (SSD), memory cards, floppy disks, optical disk drives (Compact Disk – CD, Digital Versatile Disc – DVD, Blu-Ray DVD) and USB flash drives.

Top Players:
Some of the key players in digital storage devices the market include SanDisk Corporation, Samsung Electronics, IBM Corp, Intel Corporation Inc., Toshiba Corporation, Sony Corporation, Lenovo, Kingston Technology Corporation Inc., Western Digital Technologies Inc., TeraData Corp, EMC Corp, Seagate Technology LLC, Transcend Information Inc., Hewlett-Packard Development Company, Transcend Information, Inc., Buffalo Americas, Inc, Hitachi, NetApp, Dell and Micron Technology, Inc.

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Market Segments
By end-user, the government section has a high possibility to grow due to the initiatives being taken towards digitization and investments in intensification of the ICT infrastructure. Favorable government initiatives in different countries like “Digital India”, “Digital China 2020” and “The digitalization of Africa” among others will boost the government sections to expand over the forecast period.

In terms of geography, Asia Pacific is anticipated to witness fastest growth over the expected period. Rapidly growing number of SMEs in countries like India and China due to the supportive administration initiatives and tax profits for startups among other favorable factors will drive the digital storage device market growth. In addition, up-and-coming IT sector and soaring number of vendors are boosting product innovation while augmenting the demand for digital storage devices.

Products Covered:
• Hard disk drives (HDD)
• Solid State Drives (SSD)
• Flash Storage
• Magnetic Disk Drives
• Optical Disk Drives
• Other Products

Storage Systems Covered:
• Network Attached Storage (NAS)
• Software-Defined Storage
• Unified Storage
• Cloud Storage
• Direct-Attached Storage
• Storage Area Network

Applications Covered:
• Enterprise Usage
• Laptops
• Personal Computers
• Individual Usage
• Smartphone
• Networking
• Other Usages

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