North America Data Storage Converter Market Size, Share & Trends Analysis Report By Enterprise Size (Large Enterprises, and Small & Medium Enterprises), By Application, By Type, By Country and Growth Forecast, 2024 - 2031
The North America Data Storage Converter Market would witness market growth of 9.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America Data Storage Converter Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,006.9 million by 2031. The Canada market is experiencing a CAGR of 10.4% during (2024 - 2031). Additionally, The Mexico market would showcase a CAGR of 10.2% during (2024 - 2031).
One of the key drivers behind the growth of the data storage converter market is the increasing reliance on cloud computing and hybrid cloud environments. Where cloud adoption is becoming ubiquitous across industries, the demand for data storage converters is expected to rise significantly. In addition to cloud computing, the proliferation of IoT devices has profoundly impacted data generation and storage requirements.
Additionally, IoT devices, which include everything from smart home gadgets to industrial sensors, generate massive amounts of real-time data that must be stored, processed, and analyzed. As businesses deploy more IoT devices, efficient and scalable storage solutions are needed.
The rapid adoption of digital technologies across both public and commercial sectors is a key driver behind the significant growth of North America's data storage converter market. Government initiatives to improve digital infrastructure, enhance cybersecurity, and ensure regulatory compliance further shape the region’s data storage landscape, contributing to continued market expansion in the coming years.
Based on Enterprise Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Application, the market is segmented into Consumer Electronics, Data Centers, Enterprise Storage, Automotive Systems, and Other Application. Based on Type, the market is segmented into Mobile Devices, Embedded Systems, Single-Board Computers (SBCs), and System-on-Chip (SoC) Designs. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- VMware, Inc. (Broadcom Inc.)
- Intel Corporation
- NXP Semiconductors N.V.
- ON Semiconductor Corporation
- Phison Electronics Corporation
- Microchip Technology Incorporated
- STMicroelectronics N.V.
- Texas Instruments, Inc.
- Analog Devices, Inc.
- Apacer Technology Inc.
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
- Consumer Electronics
- Data Centers
- Enterprise Storage
- Automotive Systems
- Other Application
- Mobile Devices
- Embedded Systems
- Single-Board Computers (SBCs)
- System-on-Chip (SoC) Designs
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Data Storage Converter Market, by Enterprise Size
- 1.4.2 North America Data Storage Converter Market, by Application
- 1.4.3 North America Data Storage Converter Market, by Type
- 1.4.4 North America Data Storage Converter Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis – Global
- 4.1 Market Share Analysis, 2023
- 4.2 Porter Five Forces Analysis
- Chapter 5. North America Data Storage Converter Market by Enterprise Size
- 5.1 North America Large Enterprises Market by Country
- 5.2 North America Small & Medium Enterprises Market by Country
- Chapter 6. North America Data Storage Converter Market by Application
- 6.1 North America Consumer Electronics Market by Country
- 6.2 North America Data Centers Market by Country
- 6.3 North America Enterprise Storage Market by Country
- 6.4 North America Automotive Systems Market by Country
- 6.5 North America Other Application Market by Country
- Chapter 7. North America Data Storage Converter Market by Type
- 7.1 North America Mobile Devices Market by Country
- 7.2 North America Embedded Systems Market by Country
- 7.3 North America Single-Board Computers (SBCs) Market by Country
- 7.4 North America System-on-Chip (SoC) Designs Market by Country
- Chapter 8. North America Data Storage Converter Market by Country
- 8.1 US Data Storage Converter Market
- 8.1.1 US Data Storage Converter Market by Enterprise Size
- 8.1.2 US Data Storage Converter Market by Application
- 8.1.3 US Data Storage Converter Market by Type
- 8.2 Canada Data Storage Converter Market
- 8.2.1 Canada Data Storage Converter Market by Enterprise Size
- 8.2.2 Canada Data Storage Converter Market by Application
- 8.2.3 Canada Data Storage Converter Market by Type
- 8.3 Mexico Data Storage Converter Market
- 8.3.1 Mexico Data Storage Converter Market by Enterprise Size
- 8.3.2 Mexico Data Storage Converter Market by Application
- 8.3.3 Mexico Data Storage Converter Market by Type
- 8.4 Rest of North America Data Storage Converter Market
- 8.4.1 Rest of North America Data Storage Converter Market by Enterprise Size
- 8.4.2 Rest of North America Data Storage Converter Market by Application
- 8.4.3 Rest of North America Data Storage Converter Market by Type
- Chapter 9. Company Profiles
- 9.1 VMware, Inc. (Broadcom Inc.)
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.6 SWOT Analysis
- 9.2 Intel Corporation
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
- 9.3 NXP Semiconductors N.V.
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Regional Analysis
- 9.3.4 Research & Development Expenses
- 9.3.5 SWOT Analysis
- 9.4 ON Semiconductor Corporation
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 SWOT Analysis
- 9.5 Phison Electronics Corporation
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Research & Development Expenses
- 9.6 Microchip Technology Incorporated
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Partnerships, Collaborations, and Agreements:
- 9.6.5.2 Product Launches and Product Expansions:
- 9.6.6 SWOT Analysis
- 9.7 STMicroelectronics N.V.
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 SWOT Analysis
- 9.8 Texas Instruments, Inc.
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 SWOT Analysis
- 9.9 Analog Devices, Inc.
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Regional Analysis
- 9.9.4 Research & Development Expenses
- 9.9.5 SWOT Analysis
- 9.10. Apacer Technology Inc.
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expenses
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook