Press release
Worldwide Personal and Entry Level Storage Market to Grow at 35.10% CAGR
Driven by continuous rise in the volume of data generated and growing concerns towards data backup and security, global market for personal and entry level storage (PELS) systems was valued at USD 5.0 billion in 2012 and is expected to reach USD 39.49 billion by 2019, growing at a CAGR of 35.1% during the forecast period from 2013 to 2019. Individuals and entry level business organizations have started recognizing the need and importance of data storage and data backup, which is in turn, contributing to the demand for PELS devices.In today’s knowledge driven era, it is extremely important to store and manage information. Growing use of internet media, online gaming, and others have created unprecedented demand for storage architectures worldwide. The information generated globally is expected to double every two years. In 2011, world created around 1.8 zettabytes of data and by 2020, this number is expected to be around 50 times the amount of information in 2011.
To meet the data storage demands, small and mid-sized organizations are adopting different kinds of data storage architectures such as network attached storage (NAS), direct attached storage (DAS), cloud based storage and others. NAS is the most widely used data storage technology in entry level business organizations as a single storage device is shared along the network for all the users.
Get More Information: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1684
This type of architecture reduces the overall equipment cost and is a cost effective method of storing data in business networks. Cloud storage is rapidly evolving data storage service which is expected to grow at a CAGR of 48.5% during the forecast period from 2013 to 2019. In this type of data storage, data is stored on the virtual servers located across the world that are generally hosted by third parties.
As data is stored online, it can be accessed from anywhere in the world without the need for a storage device for the user; however, data security is a major concern associated with cloud storage as multiple copies of data are generated and stored on distinct servers located across the world.
HDD is the largest product segment that accounted for around 32% of the total PELS market in 2012. Low cost of HDDs and large storage space offered are some important factors driving the demand for HDDs, globally. However, SSDs have started replacing HDDs due to numerous aspects including longer life span of around 15 years, which is far better than that of HDDs (3-5 years), silent operation, faster data transfer rates, and portability among others.
Media and entertainment industry is the largest end user of PELS products. Growing use of tablet PCs and smartphones have resulted in huge amount of data generated online and spurred the demand for cloud based storage. In addition, flash memories to increase the internal storage capacities of smartphones and tablet PCs have contributed to the growth of PELS market.
Asia Pacific is the largest regional market for PELS products as it is the base for three major HDD manufacturers – Western Digital, Toshiba, and Seagate.
EMC Corporation led the global PELS market in 2012 with a share of 30% followed by Hitachi Data Systems, IBM Corporation, and Hewlett-Packard Company. Other important players in PELS market include NetApp Inc, Symantec, Cisco, Toshiba, Western Digital, and others.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Worldwide Personal and Entry Level Storage Market to Grow at 35.10% CAGR here
News-ID: 402487 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for PELS
Global Personal And Entry Level Storage (PELS) Market Outlook 2025-2034: Trends, …
The Personal And Entry Level Storage (PELS) Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Personal And Entry Level Storage (PELS) Market Size and Projected Growth Rate?
The scale of the personal and entry level storage (PELS) market has seen massive growth in…
Leading Growth Driver in the Personal And Entry Level Storage (PELS) Market in 2 …
What industry-specific factors are fueling the growth of the personal and entry level storage (pels) market?
Cloud computing services are gaining popularity, which should fuel the expansion of the personal and entry-level storage (PELS) market. These services provide hosted computing and IT resources over the internet on a pay-per-use basis. The appeal of cloud computing services lies in their flexibility, ease of access, data security, and reliability. They also contribute to…
Personal And Entry Level Storage (PELS) Market Size, Growth Drivers, Analysis 20 …
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.
Personal And Entry Level Storage (PELS) 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 $133.28…
Personal And Entry Level Storage (PELS) Market To Perceive Substantial Growth Du …
The PLES market is also driven by the high data generation along with the need for data backup to address security concerns. Additionally, the cost of these storage devices is also not very high; therefore, industry verticals are encouraged to opt for these devices, which are another driver for the market. Information stored in these devices can be easily accessed from any place and at any time, which enhances the…
Personal and Entry Level Storage (PELS) Market 2022 | Detailed Report
The Personal and Entry Level Storage (PELS) research report provides a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The data thus presented is reliable, comprehensive and the result of extensive research both primary and secondary. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. Moreover, the data underlines the…
Personal and Entry Level Storage (PELS) Market Trends 2021 | Segmentation, Outlo …
Personal and Entry-Level Storage (PLES) provides data storage for all information generated on a daily basis.
The global market for personal and entry-level storage (PELS) is being driven by the growing volume of data being created and the need to manage that data. The growing interest in data storage and data backup is contributing to the growing demand for PELS devices worldwide. In today's knowledge-driven era, managing and storing information efficiently…
