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Innovative Trends and Solid State Drives Propel Computer Storage Devices Market to $138.08B by 2028 at a CAGR within Forecast Period 2024-2033of 5.7%
Computer Storage Devices Market Report
The computer storage devices and servers market size is expected to see strong growth in the next few years. It will grow to $138.08 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to sustainable data centers, rise of edge servers, nvme adoption for storage devices, increased focus on data security in servers, storage virtualization for efficiency. Major trends in the forecast period include storage class memory integration, software-defined storage (sds), hybrid and multi-cloud storage solutions, ai-optimized storage and servers, shingled magnetic recording (smr) in hdds.
Market Overview -
Computer storage devices are a hardware device that stores data and applications on electromagnetic, optical or silicon-based storage media. A computer server is a device or software that performs a service that addresses the needs of another computer, known as client.
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Data Deluge Driving Demand For Storage Devices In The Forecasted Era
Data volume generated from personal devices and various business operations in many industries is rapidly increasing; this is expected to drive the demand for storage devices during the forecast period. For instance, the total data generated worldwide is projected to reach 163 zettabytes (ZB) by 2025. In order to manage this rising data volume, the demand for storage devices from both corporate and individual customers is expected to drive the computer storage devices and servers market in the forecast period.
Competitive Landscape -
Major companies operating in the computer storage devices and servers market report are Apple Inc., Google LLC, Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Inc., Huawei Technologies Co. Ltd., Sony Corp., Tencent Holdings Co Ltd., Amazon Web Services Inc., Lenovo Group, IBM Corporation, Cisco Systems Inc., Micron Technology Inc., The Hewlett Packard Enterprise Company, Toshiba Corporation, Financière de l'Odet SA, Western Digital Technologies Inc., ASUSTeK Computer Inc., Nintendo Co. ltd., Netease Inc., Kingston Technology Corporation, Vmware Inc., Seagate Technology Holdings plc, Bandai Namco Holdings Inc., Electronic Arts Inc., NetApp Inc., Super Micro Computer Inc., Take-Two Interactive Software Inc., Dropbox Inc., Pure Storage Inc., NEC Corporation, Inspur Group, Quantum Corporation, Synology Inc., pCloud AG
Soaring Demand For Solid State Drives (SSDS)
The demand for solid state drives is growing rapidly as it offers higher space and speed than traditional hard disks. A solid state drive is a non-volatile storage media that stores data on solid-state flash memory and offers high-speed data read and write operations for both sequential and random data requests. Unlike a hard disk drive, SSD's do not have moving parts and are lightweight and small in size. Solid state drives find applications in laptops, personal computers, enterprise storage hardware, smart phones, tablets and many others. According to the International Data Corporation, the market for solid state drives is expected to reach $33.6 billion by 2021 at a CAGR of 14.8%.
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Key Segments -
The computer storage devices and servers market covered in this report is segmented -
1) By Type: Computer Storage Devices, Computer Servers
2) By Application: Mainframes, Desktop, Laptop Computers, Tablets, Smartphones
3) By End-Use: Residential, Commercial
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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