Global Data Storage Devices Market Growth 2025-2031

The global Data Storage Devices market size is predicted to grow from US$ 243540 million in 2025 to US$ 399520 million in 2031; it is expected to grow at a CAGR of 8.6% from 2025 to 2031.

Data storage devices are physical or digital devices used to store, retrieve, and manage data in digital formats. These devices play a crucial role in preserving information in various forms, from documents and media files to system software and applications. Data storage devices come in various types, each serving different needs for capacity, speed, and portability.

Data storage devices mainly cover Primary Storage Devices and Secondary Storage Devices.

Primary Storage Devices mainly cover RAM (Random Access Memory).

Secondary Storage Devices mainly cover Hard Disk Drive (HDD), Solid-State Drive (SSD), Optical Discs, USB Flash Drive, and Flash Memory Card.

Data storage devices market is showing a booming growth trend against the backdrop of the rapid development of technologies such as digitalization, cloud computing, big data and artificial intelligence.

North America is expected to continue as the leading market for data storage devices, Europe’s data storage market is growing steadily, with increased demand for both enterprise and consumer storage solutions, and Asia-Pacific is expected to be one of the fastest-growing regions for data storage devices, driven by technological adoption, a booming digital economy.

Data storage devices market is highly competitive, with a wide range of companies offering products targeting both consumer and enterprise segments. Competition in this market is driven by factors such as technological innovation, product differentiation, price sensitivity, brand reputation for cloud storage solutions, high-performance storage devices, and data security.

The global key companies of Data Storage Devices include Samsung, SK Hynix, Kingston Technology, Micron Technology, Western Digital, and etc. In 2023, the global five largest players hold a share approximately 64.21% in terms of revenue.

In summary, Data storage devices market is expected to continue growing in the coming years, driven by increasing data generation, the rise of cloud and hybrid storage solutions, and advancements in storage technologies.

LPI (LP Information)' newest research report, the “Data Storage Devices Industry Forecast” looks at past sales and reviews total world Data Storage Devices sales in 2024, providing a comprehensive analysis by region and market sector of projected Data Storage Devices sales for 2025 through 2031. With Data Storage Devices sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Data Storage Devices industry.

This Insight Report provides a comprehensive analysis of the global Data Storage Devices landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Data Storage Devices portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Data Storage Devices market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Data Storage Devices and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Data Storage Devices.

This report presents a comprehensive overview, market shares, and growth opportunities of Data Storage Devices market by product type, application, key players and key regions and countries.

Segmentation by Type:
Primary Storage Devices
Secondary Storage Devices

Segmentation by Application:
Enterprise
Consumer

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Samsung
SK Hynix
Kingston Technology
Micron Technology
Western Digital
Dell
Seagate Technology
Huawei
HPE
Lenovo
IBM
NetApp
Pure Storage
Toshiba
ADATA
Nanya Technology
Winbond
Fujitsu
CMC Magnetics (Verbatim)
RITEK Group
Sony

Please note: The report will take approximately 2 business days to prepare and deliver.