Exclusive Report on Global Media & Entertainment Storage Market to grow at a whopping rate of CAGR more than 13.27%

According to the report, the global Media & Entertainment Storage market size is expected to reach $17.14 Billion by 2028 growing at the CAGR of 13.27% from 2021 to 2028. This growth is attributed to

• Rapid advances in various areas across the media & entertainment industry
Technology has grown exponentially in the past few years as it relates to all types of media and entertainment companies. This has fueled the demand for product landscapes, business models, and creative development that benefit consumers who are digitally sophisticated. In addition, the need for effective workflow collaboration, artistic creativity, and new distribution models fuel demand for storage requirements for various stages such as content capture and delivery.

• The market is Hampered by the high cost of media & entertainment storage solutions.

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The recently published research report on Global Media & Entertainment Storage Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Media & Entertainment Storage market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Media & Entertainment Storage market report also includes the following data points:
• COVID19 Impact on Media & Entertainment Storage market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Media & Entertainment Storage market

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Key Players
Some of the major Media & Entertainment Storage players holding high market share include Amazon Web Services, Cisco Systems, Dell, IBM. These players use new partnership and expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Amazon Web Services
• Cisco Systems
• Dell
• IBM
• Microsoft
• NetApp
• Oracle
• Seagate Technology
• Toshiba
• Western Digital

Segmental Analysis

Market Segment By Component with focus on market share, consumption trend, and growth rate of Media & Entertainment Storage Market:
o Solution
o Services

Market Segment By Solution with focus on market share, consumption trend, and growth rate of Media & Entertainment Storage Market:
o Direct-Attached Storage
o Network-Attached Storage
o Storage Area Network

Market Segment By Medium with a focus on market share, consumption trend, and growth rate of Media & Entertainment Storage Market:
o HDD
o SSD
o Digital Tape
o Others

Market Segment By Medium with a focus on market share, consumption trend, and growth rate of Media & Entertainment Storage Market:
o Broadcast
o Production and post-production
o Media agencies
o Advertising
o Others

For more information: https://evolvebi.com/product/media-entertainment-storage-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

North America holds a larger share in the market owing to the increasing demand of straming video and VR gaming.

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