The Consumer Data Storage Devices Market Gloat Over Organic Development

The Consumer Data Storage Devices Market is expected to grow at a decent In Upcoming Years. The cutting-edge technologies, software, and automation are being efficiently driven by digital transformation. Everything – flexible hours of productivity and the evolution of new business is seeing the light of the day due to digital solutions being provided. Both – process and discrete industries would be able to lay their hands on the specific requirements of the end-users with digitization by their side. This would be the running trend in the forecast period.

According to a recent market report published by Persistence Market Research titled “Consumer Data Storage Devices Market: Global Industry Analysis (2012 – 2016) and Forecast (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, registering a CAGR of 3.3% from 2017 to 2025. Rising adoption of smartphones is one of the major factors driving market revenue growth of Consumer Data Storage Devices during the forecast period.

The use of external storage devices is on the rise among consumers, as the number of connected devices per user increases. The adoption of smartphones is fueling the growth for memory cards. Although the consumer data storage devices market is combatting competition with cloud storage, external storage devices are generally preferred for the storage of large files and documents of high value.

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Company Profiles:
Seagate Technology LLC
Western Digital Corporation
Toshiba Corporation
Samsung
Sony Corporation
Transcend Information, Inc.
Verbatim (Mitsubishi Chemical)
PNY Technologies Inc.
Kingston Technology Company, Inc.
Corsair
HP Inc.
Apple Inc.
Lenovo Group Limited
Others.

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Consumer Data Storage Devices Market

Segmental Analysis & Forecast

The Consumer Data Storage Devices market is categorized on the basis of type & capacity. On the basis of type, the market is segmented as Hard Disk Drive, Solid State Drive, Memory Card, USB Flash Drive and Optical Disk. Of these segments, the SSD segment is anticipated to register a CAGR of 7.8% during the forecast period.
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This release was published on openPR.