Global Digital Storage Devices Market Size, Share and Trends Analysis Report, by Type (Hard Disk Drives (HDD), Solid State Drives (SSD), Memory Cards, Floppy Disks, Optical Disk Drives, USB Flash Drives ), and by Application (PC, Mobile, and Others), Forecast (2022-2028)

The global digital storage devices market is anticipated to grow at a CAGR of 3.7% during the forecast period. Digital storage devices are data storage devices that are used to store files and information. Digital storage devices are critical for storing information and computing it later when needed. There is a wide range of digital storage devices available on the market based on their storage capacity. The increased volume of data for all types of organisations will emerge as the primary driving factor for the growth of the digital storage devices market. Rising security and privacy concerns, as well as increased demand for effective data management tools and systems, influence the growth of the digital storage devices market. Other factors supporting the growth of the digital storage devices market include an increase in the adoption of cloud-based services by small and medium-sized businesses. Increasing digitization of developing economies, and an increase in the proliferation of laptops and desktops. The lack of skilled personnel or trained professionals, on the other hand, will act as a growth restraint for the digital storage devices market. The high costs of storage devices will further slow the growth rate of the digital storage devices market.

Smartphone users are growing exponentially with the increase of disposable income in developing economies. The increase in the number of social media users that required the storage of big data for further analytical processing is predicted to contribute in the growth digital storage devices market. Owing to the presence of major players in the region, North America is predicted to dominate the digital storage devices market, during the forecast period. Asia-Pacific is registering the highest growth due to rising desktop and laptop penetration is a major factor driving the market growth rate.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Benq, Deli, MaxcellMitsubishi Kagaku Media, , Newsmy, Panasonic, Philips,Ritek,Sony, and Unis, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Digital Storage Devices Market Report by Segment

By Type

• Hard Disk Drives (HDD)
• Solid State Drives (SSD)
• Memory Cards
• Floppy Disks
• Optical Disk Drives
• USB Flash Drives

By Application

• PC
• Mobile
• Others

Global Digital Storage Devices Market Report by Region

North America

• US
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa