Personal and Entry Level Storage Market Demand, Future Trend And Recent Development By Forecast 2027
Summary:
A new study title “Personal
and Entry Level Storage market size, status and forecast 2027” has been
featured on market research future.
Personal
and Entry Level Storage Market Synopsis:
The
personal & entry level storage market is predicted to touch USD 94.63
billion at a 25.5% CAGR between 2017- 2023 states the recent Market Research
Future (MRFR) analysis. The personal and entry level storage, simply put, is
the use of technology for retaining and storing data through PCs or other
gadgets. The storage of data is crucial and businesses & consumers depend
on it for preserving information varying from business-critical information to
personal photos.
Various
factors are propelling the Personal and Entry Level
Storage Market share. As per the current
MRFR report, such factors include low cost, increasing use of tablets, laptops,
and smartphones that has boosted the amount of data generated, technological
advances such as 5G and IPV6, the rising volume of digital data, growing need
for data backup, and demand for data analytics with machine learning (ML) &
artificial intelligence (AI).
On
the contrary, increased carbon footprint owing to no green data center
solutions for storage, concerns about privacy and security, and the COVID-19
impact are factors that may limit the global personal and entry level storage (PELS) market growth over the forecast
period.
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Major Key Players:
Key players profiled in the global personal and
entry level storage market report include Symantec Corporation (US), Seagate
Technology (US), Western Digital Corporation (US), Cisco Systems, Inc. (US),
Scality, Inc. (US), Simplivity Corp. (US), Tintri, Inc. (US), Nutanix, Inc.
(US), Pure Storage, Inc. (US), Toshiba Corporation (Japan), IBM Corporation
(US), Hitachi Ltd. (Japan), NetApp, Inc. (US) , Hewlett Packard Enterprise
(HPE) Company (US) , and Dell Inc. (US).
Market Segmentation:
The
MRFR report provides an inclusive segmental analysis of the global personal and entry level storage market based
on vertical, technology, storage system, and product.
By
component, the global personal and
entry level storage market is segmented into non-cloud storage and cloud-based
storage. Of these, the non-cloud storage will lead the market over the forecast
period.
By storage system, the global personal and entry
level storage market is segmented into software-defined storage (SDS), unified
storage, network-attached storage (NAS), cloud storage, and direct-attached. Of
these, the NAS segment will dominate the market over the forecast period while
the cloud storage segment is predicted to grow at a high CAGR.
By technology, the global personal and entry level
storage market is segmented into solid-state storage and magnetic storage. Of
these, the solid-state storage segment is predicted to have a major share over
the forecast period.
By vertical, the global personal and entry level
storage market is segmented into business and consulting, manufacturing, media
and entertainment, education and research, government and defense, utilities,
healthcare and life science, telecommunications and IT, consumer goods and
retail, financial services and insurance (BFSI), banking, and others. Of these,
the media and entertainment segment will have a major share in the market over
the forecast period and the healthcare segment will grow at the highest
CAGR.
Regional Analysis:
Based
on region, the personal and entry
level storage market report covers the recent trends and growth
opportunities across North America, the Asia Pacific (APAC), Europe, & the
Rest of the World (RoW). Of these, North America will lead the market over the
forecast period. The presence of several personal and entry level providers is
adding to the global personal and
entry level storage market growth in the region. The US has the maximum share
in the market but is likely to face some challenges to boost their total carbon
footprint owing to a shortage of eco-friendly storage solutions.
The personal & entry
level storage market in Europe is predicted to hold the second-largest share
over the forecast period. High internet reach is leading in excess volume of
digital data generation that is boosting the personal and entry level storage
market growth in the region. The UK and France have a maximum share in the
market.
The personal & entry level storage market in the
APAC region is predicted to grow at a fast pace over the forecast period.
Increasing adoption in South Korea, India, Singapore, China, and Japan is
adding to the personal and entry level storage market growth in the
region.
The
global personal and entry level
storage market in the MEA is predicted to have healthy growth over the forecast
period. Affordable cost, the high volume of digital data, and increasing
internet penetration are adding to the personal and entry level market growth
in the region. Besides, these regions are predicted to provide vendors with
ample opportunities as most countries have not adopted personal and entry level
storage yet.
Table of Contents
1 Executive Summary
1.1 Market Attractiveness Analysis
1.1.1 Global Personal & Entry Level
Storage Market, By Product
1.1.2 Global Personal & Entry Level
Storage Market, By Storage System
1.1.3 Global Personal & Entry Level
Storage Market, By Technology
1.1.4 Global Personal & Entry Level
Storage Market, By Vertical
1.1.5 Personal & Entry Level Storage
Market, By Region
Continued…
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List of Tables
Table 1 Global Personal & Entry Level
Storage Market, By Region, 2017–2023
Table 2 North America: Personal & Entry
Level Storage Market, By Country, 2017–2023
Table 3 Europe: Personal & Entry Level
Storage Market, By Country, 2017–2023
Continued…
List of Figures
Figure 1 Global Personal & Entry Level
Storage Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of
The Global Personal & Entry Level Storage Market
Continued…
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