Global Digital Storage Devices Market Growth 2023-2029

Global Digital Storage Devices Market Growth 2023-2029

Data storage device is a computing hardware that is used to store, port and extract data files and objects. Data storage devices are one of the core components of a computing device. It works as a storage medium which can be attached to a computer or a server, internally or externally. They are available in different form factors such as hard disk drives (HDD) and Solid State Drives (SSD), memory cards, floppy disks, optical disk drives (Compact Disk – CD, Digital Versatile Disc – DVD, Blu-Ray DVD) and USB flash drives.

LPI (LP Information)' newest research report, the “Digital Storage Devices Industry Forecast” looks at past sales and reviews total world Digital Storage Devices sales in 2022, providing a comprehensive analysis by region and market sector of projected Digital Storage Devices sales for 2023 through 2029. With Digital Storage Devices sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Digital Storage Devices industry.

This Insight Report provides a comprehensive analysis of the global Digital 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 analyzes the strategies of leading global companies with a focus on Digital Storage Devices portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Digital Storage Devices market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Digital 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 Digital Storage Devices.

The global Digital Storage Devices market size is projected to grow from US$ 3041.1 million in 2022 to US$ 7285.5 million in 2029; it is expected to grow at a CAGR of 7285.5 from 2023 to 2029.

Nearly half of the total device vendors are concentrated in North America providing digital storage devices for laptops, desktops, and portable storage. These vendors comprise a large market of storage device manufacturers. One of the major factors contributing to the growth of digital storage devices is the higher adoption of flash storage and rising penetration of smartphones with higher capacity storage. North America, due to early adoption of this technology, has experienced a high market share in digital storage devices market.

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

Market Segmentation:

Segmentation by type
Hard Disk Drives (HDD)
Solid State Drives (SSD)
Memory Cards
Floppy Disks
Optical Disk Drives
USB Flash Drives

Segmentation by application
PC
Mobile
Others

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.
Lenovo
SanDisk Corporation
Transcend Information
Sony Corporation
Seagate Technology
Toshiba Corporation
Western Digital
Kingston Technology
Intel Corporation
Samsung Electronics

Key Questions Addressed in this Report

What is the 10-year outlook for the global Digital Storage Devices market?

What factors are driving Digital Storage Devices market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Digital Storage Devices market opportunities vary by end market size?

How does Digital Storage Devices break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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