The external storage contains devices which store information outside a computer. Those devices can be either permanently attached to the computer or may use a removable media or removable. The external storage systems comprise various techniques such as optical storage, magnetic storage, smart cloud devices, and reliable state storage. The adoption of external storage devices is gaining high momentum in modern businesses due to an increase in digital transformation conceptualization.
MARKET DYNAMICS
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Increasing digital transformation throughout the organizations, rising government spending in advanced storage technologies, and adoption of hybrid and all flash arrays are some of the factors responsible for stimulating the external storage market. In addition to this, the external storage is receiving high popularity in fintech, IT & telecom industry pertaining to benefits provided by external storage including low power consumption and high-speed random access of data. Rising adoption of external storage in aforesaid industries are anticipated to create opportunities for the players operating in the external storage market.
MARKET SCOPE
The "Global External Storage Market Analysis to 2028" is a specialized and in-depth study of electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the external storage market with detailed market segmentation- storage type, end user, and geography. The global external storage market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading external storage market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global external storage market is segmented on the basis of storage type and end user. Based on storage type, the external storage market is segmented into optical storage, solid-state storage devices, flash storage devices, external hard drives, others. On the basis of end user, the external storage market is segmented into enterprise, consumer.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global external storage market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The external storage market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the external storage market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the external storage in these regions.
MARKET PLAYERS
The reports cover key developments in the external storage market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from external storage market are anticipated to lucrative growth opportunities in the future with the rising demand for external storage in the global market. Below mentioned is the list of few companies engaged in the external storage market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the external storage market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ADATA Technology Co., Ltd.
- Dell Inc.
- Fujitsu Ltd.
- SK hynix Inc.
- Hitachi Data Systems (Hitachi Ltd.)
- Western Digital
- Pure Storage, Inc.
- Samsung
- Seagate Technology LLC
- Toshiba Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.