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Personal and Entry-Level Storage Market Expected to Grow at a CAGR of 30% by 2028 | In-depth industry analysis report


Insight

The rise of internet has boosted the development of storage devices, and this factor is expected to push the personal and entry-level storage market 2028. Semiconductor and electronics industry reports are created by Market Research Future, which focuses on market choices for expansion. A 30% CAGR should drive market gains to 100 billion USD by 2028.

Technological advancements such as 5G and IPV6 are driving the proliferation of the internet, which is expected to drive the personal and entry-level storage market size. Also, increasing volume of digital data is expected to drive the personal and entry-level storage market over the forecast period.

Segmental analysis

The personal and entry-level storage market segmentation has been done on the basis of storage system, product, vertical, technology, and region. Based on product, the personal and entry-level storage market has been segmented into non-cloud storage and cloud-based storage. Based on vertical, the personal and entry-level storage market has been segmented into consumer goods and retail, banking, financial services and insurance, business and consulting, IT and telecommunications, media and entertainment, services public, government and defense, education and research, healthcare and life sciences, manufacturing and others. Based on the storage system, the personal and entry-level storage market has been segmented into cloud storage, direct-attached storage, unified storage, network-attached storage (NAS), and software-defined storage (SDS). On the basis of technology, the personal and entry-level storage market is segmented into magnetic storage and solid-state storage. By region, the personal and entry-level storage market has been segmented into North America, Europe, Asia-Pacific and rest of regions.

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Detailed regional analysis

The regional assessment of the personal and entry-level storage market has been segmented into North America, Europe, Asia-Pacific and Rest of regions. The personal and entry-level storage market in the North American region is expected to be responsible for the major market share for the duration of the forecast period. Growing demand from the huge media and entertainment industry in the North American region is expected to drive the increase in the regional market. The European regional market is expected to be the second leading region throughout the period owing to the growing need for data analytics with machine learning and artificial intelligence and the creation of start-ups providing personal storage software and entry level. The Asia-Pacific regional market is expected to experience the fastest development during the considered period. Market booming countries such as India and China and established markets such as Japan and Singapore are driving the expansion of the personal and entry-level storage market in this region.

Competitive analysis

Availability of advantageous policies and regulations by business bodies and governments is expected to accelerate the increase of the market during the forecast period. Improved business economics should lead to better testing and research and development activities in the coming period. Market development depends on the delicate balance of supply and demand forces. Consumers in the market are well aware of their requirements and how the market can meet them. Enriching supply sources allows market players to create products that can succeed effectively in the market. Competitor collaboration in this market is expected to give way to new developments and product launches. Upgrading production capacity is expected to accelerate the expansion of the market in the coming period.

Established competitors in the personal and entry-level storage market include IBM Corporation (US), Nutanix, Inc. (US), Toshiba Corporation (Japan), Tintri, Inc. (US), Simplivity Corp. (USA), Pure Storage, Inc. (USA), Cisco Systems, Inc. (USA), Scality, Inc. (USA), Western Digital Corporation (USA), Hitachi Ltd. (Japan), Seagate Technology (US) and Symantec Corporation (US).

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Personal and Entry-Level Storage Market Research Report: Insights by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), by Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics), and by Region (South America). North, Europe, Asia-Pacific, Middle East and Africa and South America) – Forecast to 2030

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