Global Computer Storage Devices Market: Steady Growth, Key Players, and Future Trends

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Accelerating Demand, Evolving Technology, and Increasing Investments Propelling Global Computer Storage Devices Market

What Is The Projected Market Size Of The Global Computer Storage Devices Market And Its Growth Rate?
• The Computer Storage Devices Market size grew from $14.7 billion in 2024 to $15.12 billion in 2025, showing a compound annual growth rate (CAGR) of 2.9%.
• This growth was primarily due to the transition from magnetic tapes to discs, introduction of hard disk drives, the rise of flash memory, advancements in storage capacities, and the impact of Moore's law.
• The market is expected to continue to expand, reaching $16.74 billion in 2029 with a CAGR of 2.6%.
• Future growth is expected to be driven by rising edge computing, data center modernization, the emergence of AI and machine learning, expansion of IoT devices, remote work, and cloud storage.

What Is Driving The Growth In The Computer Storage Devices Market?
A significant growth factor for the computer storage devices market is the increasing number of social media users, leading to a greater need for big data storage. Big data, inclusive of a vast amount of structured and unstructured data, requires considerable storage devices, which spurs the demand for computer storage devices. For instance, as per We Are Social, a UK-based media company, there was a 7.3% increase in the Australians using social networks for brand research from the previous year in February 2023. Thus, organizations leveraging the power of big data to connect with their target audience using social media information are positively impacting the computer storage devices market.

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Who Are the Key Players Driving Computer Storage Devices Market Growth?
• Samsung Electronics Co. Ltd.
• Microsoft Corporation
• Dell Technologies Inc.
• Hitachi Ltd.
• Huawei Technologies Co. Ltd.
• 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
• Kingston Technology Company Inc.
• Seagate Technology LLC
• Transcend Information Inc.
• NetApp Inc.
• SanDisk Corporation
• Pure Storage Inc.
• Quantum Corporation
• Nutanix Inc.
• Cisco Systems Inc.

What Are The Key Trends In The Computer Storage Devices Market?
• Dominance of solid-state drives (SSDs)
• Rise of cloud-based storage solutions
• Expansion of data centers
• Integration of artificial intelligence and big data
• Requirements of edge computing

What Are The Segments Of The Global Computer Storage Devices Market?
• Hard Disk Drive
• Solid State Drive
• USB Flash Drives
• Memory Cards
• Optical Disks
• Other Types
• Individual Usage
• Enterprise Usage
• Mainframes
• Desktop
• Laptop Computers
• Other Applications

Which Region Leads The Computer Storage Devices Market?
Asia-Pacific was the dominant region in the computer storage devices market in 2024 and is set to be the fastest-growing region 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.

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What Is Covered In The Computer Storage Devices Market Global Market Report?
• Market Size Analysis: Analyze the Computer Storage Devices Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Computer Storage Devices Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Computer Storage Devices Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Computer Storage Devices Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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