Computer Storage Devices Market Size, Share, Trends, Forecast to 2030

The computer storage devices market consist of sales of computer storage devices and servers by entities (organizations, sole traders, and partnerships) that provide computer storage devices and servers, which are the core components of a computing device. They store almost all data and applications on a computer, except software that is permanently programmed on the hardware.

This market includes sales of storage servers that are used to store, access, secure, and manage digital data, files, and services. The computer storage devices markets are segmented into computer storage devices and computer servers. Only goods and services traded between entities or sold to end consumers are included.

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COVID-19 Scenario Analysis:

The market faces significant weaknesses now during the COVID-19 pandemic, due to the fall in the economy, as a lot of companies are forced to ask their employees to work-from-home (remotely), keeping in the account of the public health concerns. Due to this, there is a massive loss in opportunity for many companies who have international dealers.

Demand surged thanks to the shift towards home working, but a PC industry still recovering from Intel chip supply issues. Moreover, as the Chinese factories closed and remained shuttered for weeks during the early stages of the pandemic, this further affected the global supply chains. The slowdown in supply met with accelerated demand, as businesses were suddenly forced to equip a newly remote workforce, placing urgent orders for tens of thousands of PCs.

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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The increase in the number of social media users that required the storage of big data for further analytical processing is expected to drive the growth of the computer storage devices market. Big data contains a large amount of structured and unstructured data and requires huge storage devices that drives the demand for computer storage devices. Moreover, several companies indicated that they were investing in big data and AI. Thus, the increase in adoption of big data by organizations to reach the target audience using information from social media influences the market positively.

Possibilities of crashing, data loss, or data violation on storage devices that are dependent on hardware components limit the growth of the computer storage devices market. This data loss or data violation can happen due to many reasons, such as viruses & malware, hard drive damage, computer theft, and software corruption. These failures result in loss of data and increases operational expenditure.

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Leading Market Players are Western Digital Technologies, Kingston Technology, Seagate Technology, IBM Corp, Toshiba, Intel, Sony, Lenovo, Dell EMC, Intel Corporation, Hitachi, SanDisk, NetApp, Samsung Electronics, Transcend Information, Teradata Corp, Quantum Corp, Maxtor, pCloud, Zoolz, Big MIND, Polar backup, Pure Storage, Microsoft Azure, AWS, Oracle, HPE, Huawei, Fujitsu, Blue Coat Systems.

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