Portable Data Storage Devices Market Future Demand and Forecast to 2027 - ADATA Technology, HP Development Company, Kingston Technology Corporation, PNY Technologies, Samsung

A portable storage device is a hard drive that is designed to store digital data. Increasing digitalization and availability of high-speed internet is generating a huge amount of data that required an effective storage solution that anticipating the growth of the portable data storage devices market. Furthermore, the growing use of laptops, smartphones, tablets across the globe are demanding for memory cards, USB storage, hard drives for storing, and exchanging of data is also influences the growth of the portable data storage devices market.

The growing demand for portable storage devices to store media files such as songs, movies, videos, documentaries, and other data is driving the growth of the portable data storage devices market. However, increasing the use of servers for storing data is the key hindering factor for the growth of the market. Moreover, the increasing popularity of portable storage devices owing to its flexibility, effective, scalable, and low-cost storage solution which expected to propel the growth of the portable data storage devices market.

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The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries including Electronics and Semiconductor, and many more.

Trade barriers are further restraining the demand- supply outlook. As government of different regions have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall Portable Data Storage Devices market globally. This report on 'Portable Data Storage Devices Market' provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

The "Global Portable Data Storage Devices Market Analysis to 2027" is a specialized and in-depth study of the portable data storage devices industry with a special focus on the global market trend analysis. The report aims to provide an overview portable data storage devices market with detailed market segmentation by type, memory, and geography. The global portable data storage devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Portable data storage devices market players and offers key trends and opportunities in the portable data storage devices market.

The global portable data storage devices market is segmented on the basis of type, memory. On the basis of type the market is segmented as external hard drives, USB Storage, memory cards, optical disks. On the basis of memory the market is segmented as below 256 GB, 256 GB to 1TB, above 1 TB.

The reports cover key developments in the portable data storage devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Portable data storage devices market are anticipated to lucrative growth opportunities in the future with the rising demand for portable data storage devices in the global market. Below mentioned is the list of few companies engaged in the portable data storage devices market.

The List of Companies

1. ADATA Technology Co., Ltd.
2. HP Development Company, L.P.
3. Kingston Technology Corporation
4. PNY Technologies Inc.
5. Samsung
6. Seagate Technology LLC
7.Sony Corporation
8. Toshiba Corporation
9. Transcend Information, Inc.
10. Western Digital Corporation

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