Computer Storage Devices Global Market Analysis, Trends, Growth, Research And Forecast 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Computer Storage Devices Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $20.74 billion In 2028 At A CAGR Of 19.0% :

The computer storage devices market size has grown rapidly in recent years. It will grow from $8.75 billion in 2023 to $10.34 billion in 2024 at a compound annual growth rate (CAGR) of 18.1%. The growth in the historic period can be attributed to transition from magnetic tapes to disks, introduction of hard disk drives (hdds), rise of flash memory, advancements in storage capacities,impact of moore's law.

The computer storage devices market size is expected to see rapid growth in the next few years. It will grow to $20.74 billion in 2028 at a compound annual growth rate (CAGR) of 19.0%. The growth in the forecast period can be attributed to rise in edge computing, data center modernization, emergence of ai and machine learning, expansion of iot devices, remote work and cloud storage. Major trends in the forecast period include solid-state drives (ssds) dominance, cloud-based storage solutions, data center expansion, artificial intelligence and big data, edge computing requirements.

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Computer Storage Devices Market Major Segments
The computer storage devices market covered in this report is segmented -

1) By Type: Hard Disk Drive, Solid State Drive, USB Flash Drives, Memory Cards, Optical Disks, Other Types
2) By Usage: Individual Usage, Enterprise Usage
3) By Application: Mainframes, Desktop, Laptop Computers, Other Applications

Key Driver - Social Media-Driven Big Data Boom Fuels Robust Growth In Computer Storage Devices Market

An 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 require huge storage devices, driving demand for computer storage devices. For instance, in February 2023, according to We Are Social, a UK-based media company, 1 in 3 Australians use social networks for brand research, a 7.3% increase since the previous year. Thus, the increasing adoption of big data by organizations to reach the target audience using information from social media is influencing the computer storage devices market positively.

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Prominent Trend - Increasing Focus On Innovative Solid-State Drives To Drive The Revenues In The Market

The use of SSD (solid state drive) and the flash array is popular in the computer storage devices market. SSD is a type of hard disk that uses flash memory for storing data. The traditional hard disk is slower as compared to SSDs, where they have a faster read and write speeds and consume low energy. For instance, in December 2022, SanDisk, a US-based computer technology corporation launched four pro-grade storage devices that include PRO-G40 SSD, G-DRIVE Enterprise Class Desktop Hard Drive, G-RAID Shuttle SSD, and PRO-DOCK 4. These new storage devices from SanDisk are designed to meet the needs of professional content creators, offering high performance, reliability, and scalability. They are available for purchase through authorized retailers and the Western Digital Store.

Computer Storage Devices Market Players
Major companies operating in the computer storage devices market report are Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Technologies Inc., Hitachi Ltd., Huawei Technologies Co. Ltd., Tencent Holdings Limited, Sony Corporation, Amazon Web Services Inc., Lenovo Group Limited, Intel Corporation, International Business Machines Corporation, Oracle Corporation, Fujitsu Limited, Hewlett Packard Enterprise Company, Toshiba Corporation, Western Digital Corporation, Nintendo Co. Ltd., Kingston Technology Company Inc., Seagate Technology LLC, Transcend Information Inc., NetApp Inc., SanDisk Corporation, Pure Storage Inc., Teradata Corporation, Quantum Corporation, Polarbackup Ltd., Zoolz Intelligent Cloud, pCloud AG, Maxtor Corporation, BigMIND, NetEase Inc., Electronic Arts Inc., Alphabet Inc., Financière de l'Odet SA, Take-Two Interactive Software Inc., Bandai Namco Holdings Inc., Nutanix Inc., Cisco Systems Inc.

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Largest And Fastest Growing Region In The Market
The Asia-Pacific was the largest region in the computer storage devices market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the global computer storage devices market report during the forecast period. The regions covered in the computer storage devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Computer Storage Devices Market Report Structure
3. Computer Storage Devices Market Trends And Strategies
4. Computer Storage Devices Market - Macro Economic Scenario
5. Computer Storage Devices Market Size And Growth
…..
27. Computer Storage Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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