Personal and Entry Level Storage (PELS) Market 2021-2027 Complete Data Analysis with Future Outlook | IBM, Cisco, HP, Dell, EMC and Hitachi Data Systems

Latest added Personal and Entry Level Storage (PELS) Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2026. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are IBM, NETApp, Symantec, Cisco, CA Technologies, HP, Dell, EMC and Hitachi Data Systems. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.

Request for Sample Copy of This Report @ https://marketdigits.com/personal-and-entry-level-storage-pels-market/sample

This report studies the Personal and Entry Level Storage (PELS) Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Personal and Entry Level Storage (PELS) Market by companies, region, type and end-use industry.

Several market analysis factors covered in the credible Personal and Entry Level Storage (PELS) Market report include industry outlook with respect to critical success factors (CSFs), industry dynamics that mainly covers drivers and restraints, market segmentation & value chain analysis, key opportunities, application and & technology outlook, regional or geographical insight, country-level analysis, key company profiles, competitive landscape, & company market share analysis. Thus, the Personal and Entry Level Storage (PELS) Market research report provides a comprehensive analysis on the study of industry with respect to number of aspects. This report is a valuable source of assistance for companies and individuals that provides industry chain structure, business strategies and proposals for new project investments.

Grab Complete Details with TOC @ https://marketdigits.com/personal-and-entry-level-storage-pels-market/toc

Personal and entry level storage (PESL) is required to store and manage the data in a proper way to use in the future. There are different types of data storage systems and technologies available for this purpose. Some important data storage systems include hard disks, solid-state drives, flash memories, and CDs, and DVDs among others. Cloud-based storage is a rapidly growing service for storing and managing data. It helps in reducing the cost associated with the data storage as there is no requirement of data storage systems.

The global personal and entry level storage (PELS) market is estimated to account for US$ 479.9 Bn in terms of value by the end of 2027.

Market Driver:

Rise in end user data leading to increased demand for data storage is expected to boost the global personal and entry level storage (PELS) market growth over the forecast period

The volume of data is increasing due to rising number of home and small business networks, constant data explosion, and increasing need for data backup and archiving. Information generated globally is doubling every two years. For instance, in 2011, around zettabytes of data were generated, and by 2020, it is estimated to grow 50 times the amount of information. Such a rapid increase in the end user data is creating the need for managing this data and driving the sale of data storage equipment. As a result of this, there is a high demand for data storage products and services. Thus, these factors are expected to drive growth of the global personal and entry level storage (PELS) market during the forecast period.

Market Opportunity:

Decrease in average selling prices of data storage systems can provide significant opportunities in the global personal and entry level storage (PELS) market

Constant increase in the data generated and the need to manage and store this data is creating demand for data storage devices. This, in turn, has created numerous opportunities for data storage equipment manufacturers so as to offer products at competitive prices. Product offerings from different vendors is resulting in a decrease in the prices of data storage equipment such as flash drives, SSDs, and HDDs. This, in turn, is facilitating consumers to buy these storage devices. The average selling price of HDD was around US$ 69 per unit in 2011 and decreased to around US$ 64 per unit in 2012. It further decreased to US$ 59 per unit in 2013 and the trend is expected to continue in the near future.

Market Restraint:

Security concerns regarding PELS are expected to hinder the global personal and entry level storage (PELS) market growth over the forecast period

Security concerns regarding PELS are one of the major concerns among end users. These end users are concerned regarding unauthorized access, cyber-attacks, and data breaches. For instance, in 2010, around 761 data breaches were reported by forensics analysis units of U.S. Secret Service and Verizon Communications Inc. Therefore, these factors are expected to hinder the global personal and entry level storage (PELS) market growth over the forecast period.

Market Trends:

Easy access to data from any location in the world

Cloud-based data storage and backup refer to storing and backing up the data to remote, cloud-based servers. This data is stored in the format accessible from multiple distributed and connected resources comprising the cloud. As the data is stored on remote servers, it can be accessed from any location in the world just with the help of an internet connection. Cloud-based data storage eliminates the need to carry a personal storage device such as flash drive, recordable disc, or flash memory cards for storing or accessing data.

Mergers and acquisition activities among market players

Key companies in the market are focused on mergers and acquisitions, in order to enhance the market presence. For instance, in May 2011, NetApp acquired certain assets related to the Engenio external storage systems business (Engenio) of LSI Corporation (LSI). This acquisition is expected to benefit NetApp Inc. by helping to address growing customer requirements in the areas of high bandwidth and intensive analytics workloads.

Global Personal and Entry Level Storage (PELS) Market – Impact of Coronavirus (Covid-19) Pandemic:

Due to Covid-19 pandemic, many industries witnessed significant shift in their business. Every country has announced lockdown to contain the spread of coronavirus. As people are staying at home and curious to know more updates on coronavirus has increased the demand for the media and entertainment industry. For instance, in April 2020, according to Broadcast Audience Research Council (BARC), total TV viewership increased to 21% from 7%, as most of the people watched news channel to get updates of the COVID-19. Streaming service providers such as Netflix, Amazon Prime Video, and Zee5 are used by people for entertainment and increases the pressure on networks. The media and entertainment industry has generated large volume of data that is required to stored and managed in a proper manner. Thus, in turn, increases the demand for personal and entry level storage (PLES) market.

Competitive Section:

Major companies operating in the global personal and entry level storage (PELS) market are IBM Corporation, Cisco Systems Inc., EMC Corporation, Symantec Corporation, NetApp Inc., Hitachi Data Systems (HDS), Hewlett-Packard Company, Toshiba Corporation, Dell Inc., Seagate Technology, and Western Digital Corporation.

Key Developments:

Key players are involved in mergers and acquisitions, in order to gain a competitive edge in the market. For instance, in March 2017, Hewlett-Packard Company acquired Nimbile, an Indian flash-based storage company.

Major market players are involved in product launches, in order to enhance the market presence. For instance, in September 2018, Dell EMC launched entry-level PowerVault ME4 Series storage.

An international Personal and Entry Level Storage (PELS) Market research report is an absolute overview of the market that spans various aspects such as product definition, customary vendor landscape, & market segmentation based on various parameters such as type of product, its components, type of management & geography. Most relevant, unique and creditable global market research report is put forth for the valuable customers & clients depending upon their specific business needs. The report includes major manufacturers, suppliers, distributors, traders, customers, investors, major types, and major applications. The comprehensive Personal and Entry Level Storage (PELS) Market business report helps strengthen organization and make better decisions for driving business on the right track.

Personal and Entry Level Storage (PELS) Market Reports – Table of Contents
1. Preface
2. Assumptions and Research Methodology
3. Executive Summary: Global Personal and Entry Level Storage (PELS) Market
4. Market Overview
5. Key Insights
6. Global Personal and Entry Level Storage (PELS) Market Analysis and Forecast, By Product
7. Global Personal and Entry Level Storage (PELS) Market Analysis and Forecast, By Detector
8. Global Personal and Entry Level Storage (PELS) Market Analysis and Forecast, By Technology
9. Global Personal and Entry Level Storage (PELS) Market Analysis and Forecast, By Application
10. Global Personal and Entry Level Storage (PELS) Market Analysis and Forecast, By End-user
11. Global Personal and Entry Level Storage (PELS) Market Analysis and Forecast, By Region
12. North America Personal and Entry Level Storage (PELS) Market Analysis and Forecast
13. Europe Personal and Entry Level Storage (PELS) Market Analysis and Forecast
14. Asia Pacific Personal and Entry Level Storage (PELS) Market Analysis and Forecast
15. Latin America Personal and Entry Level Storage (PELS) Market Analysis and Forecast
16. Middle East & Africa Personal and Entry Level Storage (PELS) Market Analysis and Forecast
17. Competitive Landscape

Any Questions? Inquire Here Before Buying @ https://marketdigits.com/personal-and-entry-level-storage-pels-market/analyst

Contact Us :

MarketDigits
Phone : +91-9822485644
Email : sales@marketdigits.com

About MarketDigits : 

MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.

We offer services that are most relevant and beneficial to the users, which help businesses to sustain in this competitive market. Our detailed and in-depth analysis of the markets catering to strategic, tactical, and operational data analysis & reporting needs of various industries utilize advanced technology so that our clients get better insights into the markets and identify lucrative opportunities and areas of incremental revenues.

This release was published on openPR.