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Personal and Entry-Level Storage (PELS) Market: Comprehensive Analysis of $133.28 Billion, Size, Key Market Trends, Segments, and Growth Outlook to 2033
Personal And Entry Level Storage (PELS) Market
As per the report, the personal and entry level storage (PELS) market size has grown exponentially in recent years. It will grow from $29.38 billion in 2023 to $39.70 billion in 2024 at a compound annual growth rate (CAGR) of 35.1%. The personal and entry level storage (PELS) market size is expected to see exponential growth in the next few years. It will grow to $133.28 billion in 2028 at a compound annual growth rate (CAGR) of 35.4%.
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Cloud Computing Services Fueling Expansion of The Personal and Entry-Level Storage (PELS) Market
The growing demand for cloud computing services is expected to propel the growth of the personal and entry-level storage (PELS) market going forward. Cloud computing services refer to delivering hosted computing services and IT resources over the Internet with pay-as-you-go pricing. The demand for cloud computing services is increasing due to flexibility, accessibility, data security, and reliability. Cloud computing services enhance personal and entry-level storage (PELS) by providing scalable, accessible, cost-effective storage solutions with data backup, recovery, and collaboration features. For instance, in December 2023, according to Eurostat, a Luxembourg-based statistical office of the European Union, 42.5% of European Union businesses purchased cloud computing services, primarily for office software, file storage, and email. Further, in 2023, there was a 4.2 percentage point increase in the share of European Union firms purchasing cloud computing services compared to 2021. Therefore, the growing demand for cloud computing services is driving the growth of the personal and entry-level storage (PELS) market.
Introducing Advanced Hybrid Cloud Solutions For Seamless Application Deployment And Scalability
Major companies operating in the personal and entry-level storage market are developing products with advanced technologies, such as the Hitachi virtual storage platform, to manage their data effectively. Hitachi virtual storage platform one is a hybrid cloud data platform is a unified hybrid storage platform that simplifies data management across various storage environments, including block, file, object, and mainframe data. For instance, in October 2023, Hitachi Ltd., a Japan-based conglomerate company organization, launched the Hitachi virtual storage platform to address the challenges faced by IT leaders in scaling data and modernizing applications across complex hybrid and multi-cloud infrastructures. It features a single control plane, data fabric, and data plane managed by AI-enabled software to unify separate data silos. This platform's design focuses on reliability, security, and sustainability, enhancing its impact on customers with varying data storage needs, including those at the personal and entry-level storage scale.
The personal and entry level storage (PELS) market covered in this report is segmented -
1) By Product: Cloud, Non-Cloud
2) By Technology: Serial Attached Scsi (Sas), Direct Attached Storage (Das), Network Attached Storage (Nas), Cloud Storage Technology, Other Technologies
3) By End-Use Industry: Financial Services, Media And Entertainment, Healthcare And Life Sciences, Public Sector, Other End-Use Industries
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Major companies operating in the personal and entry level storage (PELS) market are Samsung Electronics Co. Ltd., Dell Technologies Inc., Hitachi Ltd., Intel Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Broadcom Inc., Fujitsu Limited, Micron Technology, Hewlett Packard Enterprise Company, Toshiba Corporation, Western Digital Corporation, Asustek Computer Inc., Seagate Technology Holdings plc, NetApp Inc., Pure Storage Inc., Nutanix Inc., ADATA Technology Co. Ltd., Netgear Inc., PNY Technologies Inc., Tintri Inc., DataCore Software, Drobo Inc., Kingston Technology Company Inc., Scality Inc., Apricorn Inc., Glyph Production Technologies, TerraMaster Technology Co. Ltd., Thecus Technology Corporation
Contents of the report:
1. Executive Summary
2. Personal And Entry Level Storage (PELS) Market Report Structure
3. Personal And Entry Level Storage (PELS) Market Trends And Strategies
4. Personal And Entry Level Storage (PELS) Market - Macro Economic Scenario
5. Personal And Entry Level Storage (PELS) Market Size And Growth
…..
27. Personal And Entry Level Storage (PELS) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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