The arrival of cloud computing has given rise to
trends such as enterprise mobility, Big Data and analytics - which have created
progressively more linked data ecosystems, and this is driving the demand for
digital data storage capacity, the global digital storage devices market is
expected to grow at a compound annual growth rate (CAGR) of 21.05% and reach
US$6.27 billion by 2022 from $1.36 billion in 2014.
Whereas, producing enough storage devices to hold the
rapidly increasing rate is the major challenge to this market. The cloud has
been regarded as a threat to digital storage devices market, but that is a
false assumption—increasing rates of cloud adoption will amplify the demand for
the hard drives and solid state drives that comprise cloud storage, creating
more opportunities for storage vendors. The solid state drive (SSD) market has
seen a barb in growth, but hard disk drive (HDD) technology is remote from
dead.
The global
Digital storage device market is categorized by the type into Hard Disk Drive,
Solid State Drive, Memory cards, Floppy disks, Optical Disc drives and USB
Flash Drives. Optical discs are further classified into Compact Disk – CD,
Digital Versatile Disc – DVD and Blu-Ray DVD. By Geography, the global Digital
storage device market is segmented into North America, Europe, Asia Pacific and
Rest of the World.
For more information visit: http://www.marketresearchreports.com/stratistics-mrc/global-digital-storage-devices-market-outlook-2014-2022
To
browse more Computing and Electronics
Market Research Reports visit: http://www.marketresearchreports.com/computing-electronics
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