Computer Storage Devices Global Market To Reach Value Of About $13 Billion In 2025
27 Aug, 2021
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.
Global Computer Storage Devices Market Size And Drivers:
The global computer storage devices market is expected to grow from $5.41 billion in 2020 to $6.61 billion in 2021 at a compound annual growth rate (CAGR) of 22.2%. The growth 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 market is expected to reach $13.15 billion in 2025 at a CAGR of 18.8%. 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.
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Trends In The Global Computer Storage Devices Market
Use of SSD (solid state drive) and the flash array is popular in the computer storage devices market. SSD is a type of hard disk that uses flash memory for storing the data. The traditional hard disk is slower as compared to SSDs, where they have faster read and write speed and consume low energy. In November 2020, KIOXIA America, Inc. presented PCIe ® 4.0 client solid-state drive (SSD), the organization's first series for notebooks, desktops, and workstations with qualification samples currently delivering to customers. A controller that is built in-house that is KIOXIA’s BiCS FLASH™ 3D flash memory, vertically integrated is deployed by this series.
Global Computer Storage Devices Market Segments:
The global computer storage devices market is further segmented based on type, application, usage and geography.
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 Usage, Enterprise Usage
By Geography: The global computer storage devices market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Computer Storage Devices Market At:https://www.thebusinessresearchcompany.com/report/computer-storage-devices-global-market-report
Computer Storage Devices Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides computer storage devices market overviews, analyzes and forecasts market size and growth for the global computer storage devices market, computer storage devices market share, computer storage devices market players, computer storage devices market segments and geographies, computer storage devices market’s 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.