The global computer storage devices market size is expected to grow from $6.11 billion in 2021 to $7.43 billion in 2022 at a compound annual growth rate (CAGR) of 21.8%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working and the closure of commercial activities that resulted in operational challenges. The computer storage device market is expected to reach $15.61 billion in 2026 at a CAGR of 20.4%.
What is the Global Computer Storage Devices Market?
The computer storage devices market consists of sales of computer storage hardware devices by entities (organizations, sole traders and partnerships) that provide computer storage devices which are capable of holding information and data either temporarily or permanently. Only goods and services traded between entities or sold to end consumers are included.
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What drives the Global Computer Storage Devices Market?
An increase in the number of social media users that required the storage of big data for further analytical processing is expected to drive the growth of the computer storage devices market. Big data contains a large amount of structured and unstructured data and require huge storage devices, driving demand for computer storage devices. Moreover, according to the big data executive survey, 97.2% of companies indicated that they were investing in big data and AI. Thus, the increasing adoption of big data by organizations to reach the target audience using information from social media is influencing the market positively.
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Global Computer Storage Devices Market Segments
The global computer storage devices market is segmented:
By Type: Hard Disk Drive, Solid State Drive, USB Flash Drives, Memory Cards, Optical Disks, Others
By Application: Mainframes, Desktop, Laptop Computers, Others
By Usage: Individual, Enterprise
By Geography: The regions covered in the computer storage devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Computer Storage Devices Global Market Report 2022provides market size and growth forecasts for the global computer storage devices market, global computer storage devices market share, computer storage devices market segments and geographies, computer storage devices market competitive landscape including leading competitors’ revenues, profiles and market shares. The computer storage devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Computer Storage Devices Industry Playersinclude Western Digital Technologies, Kingston Technology, Seagate Technology, IBM Corp, Toshiba, Intel, Sony, Lenovo, Dell EMC, Intel Corporation, Hitachi, SanDisk, NetApp, Samsung Electronics, Transcend Information, TeraData Corp, Quantum Corp, Maxtor, pCloud, Zoolz, BigMIND, Polarbackup, PureStorage, Microsoft Azure, AWS, Oracle, HPE, Huawei, Fujitsu, HP and Blue Coat Systems. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
