Consumer Data Storage Devices Market was Valued at US$ 14,250.6 Mn in 2022 and is Projected to Reach US$ 18,796.5 Mn by 2027 end

Consumer Data Storage Devices Market 2022-2027

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 - 2027)," 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 2027 end, registering a CAGR of 3.3% from 2017 to 2027.

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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.

Key Players:

The report has profiled some of the Important players prevalent in the global like - 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 and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Consumer Data Storage Devices.

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.

The Capacity Segment is divided into Hard Disk Drive with sub segments

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