Personal and entry level storage (PELS) provides ubiquitous data storage services to individuals and organizations for their non-critical unstructured data. They offer reliable and cost-effective storage solutions for personal files, photos, videos and backup of laptops and desktops. Growing digitalization and rise of cloud computing has increased demand for storing and accessing data from any location, driving adoption of PELS among consumers and small businesses globally.
Market Dynamics:
The global Personal and entry level storage (PELS) market is primarily driven by increasing digital data volumes, proliferation of smart devices, rise of remote working culture, and growing preference for cloud backup services among individuals and SMBs. However, data security concerns, high initial costs, and lack of high-speed internet connectivity in certain regions are some of the factors restraining the market growth. Emergence of technologies like IoT and AI is expected to create new opportunities in the market with increased demand for scalable storage solutions. Adoption of PELS for backup and archival of non-critical data from IoT devices and integration of AI capabilities for automated data organization and personalization are some emerging trends.
Key Features of the Study:
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