INDUSTRY OVERVIEW
The External Storage market is experiencing robust growth, projected to achieve a compound annual growth rate CAGR of 8% during the forecast period. Valued at 50Billion, the market is expected to reach 100Billion by 2031, with a year-on-year growth rate of 9%. This upward trajectory is driven by factors such as evolving consumer preferences, technological advancements, and increased investment in innovation, positioning the market for significant expansion in the coming years. Companies should strategically focus on enhancing their offerings and exploring new market opportunities to capitalize on this growth potential.
External Storage Market Size in (USD Billion) CAGR Growth Rate 8%
| Study Period |
2019-2031 |
| Market Size (2023): |
50Billion |
| Market Size (2031): |
100Billion |
| CAGR (2023 - 2031): |
8% |
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Since the advent of computers_ there has been a need to store and/or transfer information or data permanently from one device to other. External storage comprises devices that store information for the data transfer from one device to another device. The external storage market has high growth prospects owing to the increasing demand for the business process automation and increasing volume of data. Moreover_ growing demand from the developing economies and increasing adoption of advanced storage technologies among numerous industry verticals expected to fuel the market growth during the forecasted period.
Regulatory Framework
The Information and Communications Technology (ICT) industry is primarily regulated by the Federal Communications Commission (FCC) in the United States, along with other national and international regulatory bodies. The FCC oversees the allocation of spectrum, ensures compliance with telecommunications laws, and fosters fair competition within the sector. It also establishes guidelines for data privacy, cybersecurity, and service accessibility, which are crucial for maintaining industry standards and protecting consumer interests.
Globally, various regulatory agencies, such as the European Telecommunications Standards Institute (ETSI) and the International Telecommunication Union (ITU), play significant roles in standardizing practices and facilitating international cooperation. These bodies work together to create a cohesive regulatory framework that addresses emerging technologies, cross-border data flow, and infrastructure development. Their regulations aim to ensure the ICT industry's growth is both innovative and compliant with global standards, promoting a secure and competitive market environment.
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Key Highlights
• The External Storage is growing at a CAGR of 8% during the forecasted period of 2019 to 2031
• Year on Year growth for the market is 9%
• Based on type, the market is bifurcated into Hard drives, SSDs, Hybrid storage, NAS storage
• Based on application, the market is segmented into Consumer electronics, Data centers, Enterprise, IT infrastructure, Media
• Global Import Export in terms of K Tons, K Units, and Metric Tons will be provided if Applicable based on industry best practice
Market Segmentation Analysis
Segmentation by Type
- Hard drives
- SSDs
- Hybrid storage
- NAS storage
External Storage Market Segmentation by Type
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Segmentation by Application
- Consumer electronics
- Data centers
- Enterprise
- IT infrastructure
- Media
External Storage Market Segmentation by Application
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Key Players
Several key players in the External Storage market are strategically focusing on expanding their operations in developing regions to capture a larger market share, particularly as the year-on-year growth rate for the market stands at 9%. The companies featured in this profile were selected based on insights from primary experts, evaluating their market penetration, product offerings, and geographical reach. By targeting emerging markets, these companies aim to leverage new opportunities, enhance their competitive advantage, and drive revenue growth. This approach not only aligns with their overall business objectives but also positions them to respond effectively to the evolving demands of consumers in these regions.
- Netapp (United States)
- Dell Corporation (United States)
- Hewlett Packard Enterprise Development LP (United States)
- International Business Machines Corporation (United States)
- Toshiba Corporation (Japan)
- Hitachi (Japan)
- Seagate Technology LLC (United States)
- Pure Storage
- Inc. (United States)
- Fujitsu Ltd. (Japan)
- Huawei Technologies Co.
- Ltd (China)
External Storage Market Segmentation by Players
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Research Methodology
At HTF Market Intelligence, we pride ourselves on delivering comprehensive market research that combines both secondary and primary methodologies. Our secondary research involves rigorous analysis of existing data sources, such as industry reports, market databases, and competitive landscapes, to provide a robust foundation of market knowledge. This is complemented by our primary research services, where we gather firsthand data through surveys, interviews, and focus groups tailored specifically to your business needs. By integrating these approaches, we offer a thorough understanding of market trends, consumer behavior, and competitive dynamics, enabling you to make well-informed strategic decisions. We would welcome the opportunity to discuss how our research expertise can support your business objectives.
Market Dynamics
Market dynamics refer to the forces that influence the supply and demand of products and services within a market. These forces include factors such as consumer preferences, technological advancements, regulatory changes, economic conditions, and competitive actions. Understanding market dynamics is crucial for businesses as it helps them anticipate changes, identify opportunities, and mitigate risks.
By analyzing market dynamics, companies can better understand market trends, predict potential shifts, and develop strategic responses. This analysis enables businesses to align their product offerings, pricing strategies, and marketing efforts with evolving market conditions, ultimately leading to more informed decision-making and a stronger competitive position in the marketplace.
Market Driver
- Increasing Focus On Digital Transformation Across Numerous Industry Verticals
- Growing Demand From The Developing Economies
Market Trend
Opportunity
- Increasing Focus On Digital Transformation Across Numerous Industry Verticals
- Growing Demand From The Developing Economies
Challenge
Regional Outlook
The Region holds the largest market share in 2023 and is expected to grow at a good CAGR. The Region is the fastest-growing region due to increasing development and disposable income.
North America remains a leader, driven by innovation hubs like Silicon Valley and a strong demand for advanced technologies such as AI and cloud computing. Europe is characterized by robust regulatory frameworks and significant investments in digital transformation across sectors. Asia-Pacific is experiencing rapid growth, led by major markets like China and India, where increasing digital adoption and governmental initiatives are propelling ICT advancements.
The Middle East and Africa are witnessing steady expansion, driven by infrastructure development and growing internet penetration. Latin America and South America present emerging opportunities, with rising investments in digital infrastructure, though challenges like economic instability can impact growth. These regional differences highlight the need for tailored strategies in the global ICT market.
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
|
Report Features
|
Details
|
|
Base Year
|
2023
|
|
Based Year Market Size (2023)
|
50Billion
|
|
Historical Period Market Size (2019)
|
40Billion
|
|
CAGR (2023 to 2031)
|
8%
|
|
Forecast Period
|
2025 to 2031
|
|
Forecasted Period Market Size (2031)
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100Billion
|
|
Scope of the Report
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Hard drives, SSDs, Hybrid storage, NAS storage, Consumer electronics, Data centers, Enterprise, IT infrastructure, Media
|
|
Regions Covered
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North America, Europe, Asia Pacific, South America, and MEA
|
|
Year on Year Growth
|
9%
|
|
Companies Covered
|
Netapp (United States), Dell Corporation (United States), Hewlett Packard Enterprise Development LP (United States), International Business Machines Corporation (United States), Toshiba Corporation (Japan), Hitachi (Japan), Seagate Technology LLC (United States), Pure Storage, Inc. (United States), Fujitsu Ltd. (Japan), Huawei Technologies Co., Ltd (China)
|
|
Customization Scope
|
15% Free Customization (For EG)
|
|
Delivery Format
|
PDF and Excel through Email
|
External Storage - Table of Contents
Chapter 1: Market Preface
- 1.1 Global External Storage Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global External Storage Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global External Storage Market Business Environment & Changing Dynamics
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3.1 Growth Drivers
- 3.1.1 Increasing Focus on Digital Transformation across Numerous Industry Verticals
- 3.1.2 Growing Demand from the Developing Economies
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3.2 Available Opportunities
- 3.2.1 Increasing Focus on Digital Transformation across Numerous Industry Verticals
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3.3 Influencing Trends
- 3.3.1 Rising data generation
- 3.3.2 Increasing adoption of cloud storage
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3.4 Challenges
- 3.4.1 Data security concerns
- 3.4.2 High energy consumption
- 3.5 Regional Dynamics
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Chapter 4 : Global External Storage Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of External Storage Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
Chapter 5: External Storage : Competition Benchmarking & Performance Evaluation
- 5.1 Global External Storage Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by External Storage Revenue 2023
- 5.3 BCG Matrix
- 5.3 Market Entropy
- 5.4 5C’s Analysis
- 5.5 Ansoff Matrix
Chapter 6: Global External Storage Market: Company Profiles
- 6.1 Netapp (United States)
- 6.1.1 Netapp (United States) Company Overview
- 6.1.2 Netapp (United States) Product/Service Portfolio & Specifications
- 6.1.3 Netapp (United States) Key Financial Metrics
- 6.1.4 Netapp (United States) SWOT Analysis
- 6.1.5 Netapp (United States) Development Activities
- 6.2 Dell Corporation (United States)
- 6.3 Hewlett Packard Enterprise Development LP (United States)
- 6.4 International Business Machines Corporation (United States)
- 6.5 Toshiba Corporation (Japan)
- 6.6 Hitachi (Japan)
- 6.7 Seagate Technology LLC (United States)
- 6.8 Pure Storage
- 6.9 Inc. (United States)
- 6.10 Fujitsu Ltd. (Japan)
- 6.11 Huawei Technologies Co.
- 6.12 Ltd (China)
- 6.13
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Chapter 7 : Global External Storage by Type & Application (2019-2031)
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7.1 Global External Storage Market Revenue Analysis (USD Million) by Type (2019-2023)
- 7.1.1 Hard Drives
- 7.1.2 SSDs
- 7.1.3 Hybrid Storage
- 7.1.4 NAS Storage
- 7.1.5 Cloud Storage
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7.2 Global External Storage Market Revenue Analysis (USD Million) by Application (2019-2023)
- 7.2.1 Consumer Electronics
- 7.2.2 Data Centers
- 7.2.3 Enterprise
- 7.2.4 IT Infrastructure
- 7.2.5 Media
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7.3 Global External Storage Market Revenue Analysis (USD Million) by Type (2023-2031)
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7.4 Global External Storage Market Revenue Analysis (USD Million) by Application (2023-2031)
Chapter 8 : North America External Storage Market Breakdown by Country, Type & Application
- 8.1 North America External Storage Market by Country (USD Million) [2019-2023]
- 8.1.1 United States
- 8.1.2 Canada
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8.2 North America External Storage Market by Type (USD Million) [2019-2023]
- 8.2.1 Hard Drives
- 8.2.2 SSDs
- 8.2.3 Hybrid Storage
- 8.2.4 NAS Storage
- 8.2.5 Cloud Storage
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8.3 North America External Storage Market by Application (USD Million) [2019-2023]
- 8.3.1 Consumer Electronics
- 8.3.2 Data Centers
- 8.3.3 Enterprise
- 8.3.4 IT Infrastructure
- 8.3.5 Media
- 8.4 North America External Storage Market by Country (USD Million) [2024-2031]
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8.5 North America External Storage Market by Type (USD Million) [2024-2031]
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8.6 North America External Storage Market by Application (USD Million) [2024-2031]
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Chapter 9 : LATAM External Storage Market Breakdown by Country, Type & Application
- 9.1 LATAM External Storage Market by Country (USD Million) [2019-2023]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
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9.2 LATAM External Storage Market by Type (USD Million) [2019-2023]
- 9.2.1 Hard Drives
- 9.2.2 SSDs
- 9.2.3 Hybrid Storage
- 9.2.4 NAS Storage
- 9.2.5 Cloud Storage
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9.3 LATAM External Storage Market by Application (USD Million) [2019-2023]
- 9.3.1 Consumer Electronics
- 9.3.2 Data Centers
- 9.3.3 Enterprise
- 9.3.4 IT Infrastructure
- 9.3.5 Media
- 9.4 LATAM External Storage Market by Country (USD Million) [2024-2031]
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9.5 LATAM External Storage Market by Type (USD Million) [2024-2031]
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9.6 LATAM External Storage Market by Application (USD Million) [2024-2031]
Chapter 10 : West Europe External Storage Market Breakdown by Country, Type & Application
- 10.1 West Europe External Storage Market by Country (USD Million) [2019-2023]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
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10.2 West Europe External Storage Market by Type (USD Million) [2019-2023]
- 10.2.1 Hard Drives
- 10.2.2 SSDs
- 10.2.3 Hybrid Storage
- 10.2.4 NAS Storage
- 10.2.5 Cloud Storage
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10.3 West Europe External Storage Market by Application (USD Million) [2019-2023]
- 10.3.1 Consumer Electronics
- 10.3.2 Data Centers
- 10.3.3 Enterprise
- 10.3.4 IT Infrastructure
- 10.3.5 Media
- 10.4 West Europe External Storage Market by Country (USD Million) [2024-2031]
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10.5 West Europe External Storage Market by Type (USD Million) [2024-2031]
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10.6 West Europe External Storage Market by Application (USD Million) [2024-2031]
Chapter 11 : Central & Eastern Europe External Storage Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe External Storage Market by Country (USD Million) [2019-2023]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
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11.2 Central & Eastern Europe External Storage Market by Type (USD Million) [2019-2023]
- 11.2.1 Hard Drives
- 11.2.2 SSDs
- 11.2.3 Hybrid Storage
- 11.2.4 NAS Storage
- 11.2.5 Cloud Storage
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11.3 Central & Eastern Europe External Storage Market by Application (USD Million) [2019-2023]
- 11.3.1 Consumer Electronics
- 11.3.2 Data Centers
- 11.3.3 Enterprise
- 11.3.4 IT Infrastructure
- 11.3.5 Media
- 11.4 Central & Eastern Europe External Storage Market by Country (USD Million) [2024-2031]
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11.5 Central & Eastern Europe External Storage Market by Type (USD Million) [2024-2031]
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11.6 Central & Eastern Europe External Storage Market by Application (USD Million) [2024-2031]
Chapter 12 : Northern Europe External Storage Market Breakdown by Country, Type & Application
- 12.1 Northern Europe External Storage Market by Country (USD Million) [2019-2023]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
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12.2 Northern Europe External Storage Market by Type (USD Million) [2019-2023]
- 12.2.1 Hard Drives
- 12.2.2 SSDs
- 12.2.3 Hybrid Storage
- 12.2.4 NAS Storage
- 12.2.5 Cloud Storage
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12.3 Northern Europe External Storage Market by Application (USD Million) [2019-2023]
- 12.3.1 Consumer Electronics
- 12.3.2 Data Centers
- 12.3.3 Enterprise
- 12.3.4 IT Infrastructure
- 12.3.5 Media
- 12.4 Northern Europe External Storage Market by Country (USD Million) [2024-2031]
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12.5 Northern Europe External Storage Market by Type (USD Million) [2024-2031]
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12.6 Northern Europe External Storage Market by Application (USD Million) [2024-2031]
Chapter 13 : Southern Europe External Storage Market Breakdown by Country, Type & Application
- 13.1 Southern Europe External Storage Market by Country (USD Million) [2019-2023]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
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13.2 Southern Europe External Storage Market by Type (USD Million) [2019-2023]
- 13.2.1 Hard Drives
- 13.2.2 SSDs
- 13.2.3 Hybrid Storage
- 13.2.4 NAS Storage
- 13.2.5 Cloud Storage
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13.3 Southern Europe External Storage Market by Application (USD Million) [2019-2023]
- 13.3.1 Consumer Electronics
- 13.3.2 Data Centers
- 13.3.3 Enterprise
- 13.3.4 IT Infrastructure
- 13.3.5 Media
- 13.4 Southern Europe External Storage Market by Country (USD Million) [2024-2031]
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13.5 Southern Europe External Storage Market by Type (USD Million) [2024-2031]
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13.6 Southern Europe External Storage Market by Application (USD Million) [2024-2031]
Chapter 14 : East Asia External Storage Market Breakdown by Country, Type & Application
- 14.1 East Asia External Storage Market by Country (USD Million) [2019-2023]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
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14.2 East Asia External Storage Market by Type (USD Million) [2019-2023]
- 14.2.1 Hard Drives
- 14.2.2 SSDs
- 14.2.3 Hybrid Storage
- 14.2.4 NAS Storage
- 14.2.5 Cloud Storage
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14.3 East Asia External Storage Market by Application (USD Million) [2019-2023]
- 14.3.1 Consumer Electronics
- 14.3.2 Data Centers
- 14.3.3 Enterprise
- 14.3.4 IT Infrastructure
- 14.3.5 Media
- 14.4 East Asia External Storage Market by Country (USD Million) [2024-2031]
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14.5 East Asia External Storage Market by Type (USD Million) [2024-2031]
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14.6 East Asia External Storage Market by Application (USD Million) [2024-2031]
Chapter 15 : Southeast Asia External Storage Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia External Storage Market by Country (USD Million) [2019-2023]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
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15.2 Southeast Asia External Storage Market by Type (USD Million) [2019-2023]
- 15.2.1 Hard Drives
- 15.2.2 SSDs
- 15.2.3 Hybrid Storage
- 15.2.4 NAS Storage
- 15.2.5 Cloud Storage
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15.3 Southeast Asia External Storage Market by Application (USD Million) [2019-2023]
- 15.3.1 Consumer Electronics
- 15.3.2 Data Centers
- 15.3.3 Enterprise
- 15.3.4 IT Infrastructure
- 15.3.5 Media
- 15.4 Southeast Asia External Storage Market by Country (USD Million) [2024-2031]
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15.5 Southeast Asia External Storage Market by Type (USD Million) [2024-2031]
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15.6 Southeast Asia External Storage Market by Application (USD Million) [2024-2031]
Chapter 16 : South Asia External Storage Market Breakdown by Country, Type & Application
- 16.1 South Asia External Storage Market by Country (USD Million) [2019-2023]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
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16.2 South Asia External Storage Market by Type (USD Million) [2019-2023]
- 16.2.1 Hard Drives
- 16.2.2 SSDs
- 16.2.3 Hybrid Storage
- 16.2.4 NAS Storage
- 16.2.5 Cloud Storage
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16.3 South Asia External Storage Market by Application (USD Million) [2019-2023]
- 16.3.1 Consumer Electronics
- 16.3.2 Data Centers
- 16.3.3 Enterprise
- 16.3.4 IT Infrastructure
- 16.3.5 Media
- 16.4 South Asia External Storage Market by Country (USD Million) [2024-2031]
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16.5 South Asia External Storage Market by Type (USD Million) [2024-2031]
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16.6 South Asia External Storage Market by Application (USD Million) [2024-2031]
Chapter 17 : Central Asia External Storage Market Breakdown by Country, Type & Application
- 17.1 Central Asia External Storage Market by Country (USD Million) [2019-2023]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
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17.2 Central Asia External Storage Market by Type (USD Million) [2019-2023]
- 17.2.1 Hard Drives
- 17.2.2 SSDs
- 17.2.3 Hybrid Storage
- 17.2.4 NAS Storage
- 17.2.5 Cloud Storage
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17.3 Central Asia External Storage Market by Application (USD Million) [2019-2023]
- 17.3.1 Consumer Electronics
- 17.3.2 Data Centers
- 17.3.3 Enterprise
- 17.3.4 IT Infrastructure
- 17.3.5 Media
- 17.4 Central Asia External Storage Market by Country (USD Million) [2024-2031]
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17.5 Central Asia External Storage Market by Type (USD Million) [2024-2031]
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17.6 Central Asia External Storage Market by Application (USD Million) [2024-2031]
Chapter 18 : Oceania External Storage Market Breakdown by Country, Type & Application
- 18.1 Oceania External Storage Market by Country (USD Million) [2019-2023]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
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18.2 Oceania External Storage Market by Type (USD Million) [2019-2023]
- 18.2.1 Hard Drives
- 18.2.2 SSDs
- 18.2.3 Hybrid Storage
- 18.2.4 NAS Storage
- 18.2.5 Cloud Storage
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18.3 Oceania External Storage Market by Application (USD Million) [2019-2023]
- 18.3.1 Consumer Electronics
- 18.3.2 Data Centers
- 18.3.3 Enterprise
- 18.3.4 IT Infrastructure
- 18.3.5 Media
- 18.4 Oceania External Storage Market by Country (USD Million) [2024-2031]
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18.5 Oceania External Storage Market by Type (USD Million) [2024-2031]
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18.6 Oceania External Storage Market by Application (USD Million) [2024-2031]
Chapter 19 : MEA External Storage Market Breakdown by Country, Type & Application
- 19.1 MEA External Storage Market by Country (USD Million) [2019-2023]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
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19.2 MEA External Storage Market by Type (USD Million) [2019-2023]
- 19.2.1 Hard Drives
- 19.2.2 SSDs
- 19.2.3 Hybrid Storage
- 19.2.4 NAS Storage
- 19.2.5 Cloud Storage
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19.3 MEA External Storage Market by Application (USD Million) [2019-2023]
- 19.3.1 Consumer Electronics
- 19.3.2 Data Centers
- 19.3.3 Enterprise
- 19.3.4 IT Infrastructure
- 19.3.5 Media
- 19.4 MEA External Storage Market by Country (USD Million) [2024-2031]
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19.5 MEA External Storage Market by Type (USD Million) [2024-2031]
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19.6 MEA External Storage Market by Application (USD Million) [2024-2031]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
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21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
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21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The External Storage market is estimated to derive a market size of 100Billion by 2031.
According to the report,the External Storage Industry size is projected to reach 100Billion, exhibiting a CAGR of 8% by 2031.
Rising Data Generation, Increasing Adoption Of Cloud Storage are seen to make big Impact on External Storage Market Growth.
- Increasing Focus On Digital Transformation Across Numerous Industry Verticals
- Growing Demand From The Developing Economies
Some of the major challanges seen in Global External Storage Market are Data Security Concerns, High Energy Consumption.
The market opportunity is clear from the flow of investment into Global External Storage Market, some of them are Increasing Focus On Digital Transformation Across Numerous Industry Verticals,
Growing Demand From The Developing Economies,
.
Netapp (United States), Dell Corporation (United States), Hewlett Packard Enterprise Development LP (United States), International Business Machines Corporation (United States), Toshiba Corporation (Japan), Hitachi (Japan), Seagate Technology LLC (United States), Pure Storage, Inc. (United States), Fujitsu Ltd. (Japan), Huawei Technologies Co., Ltd (China), are the major operating companies profiled in External Storage market study.
Research paper of Global External Storage Market shows that companies are making better progress than their supply chain peers –including suppliers, majorly in end-use applications such as Consumer electronics, Data centers, Enterprise, IT infrastructure, Media.
The Global External Storage Market Study is segmented by Hard drives, SSDs, Hybrid storage, NAS storage, Cloud storage.
The Global External Storage Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Historical Year: 2019 - Base year: 2023. Forecast period**: 2025 to 2031 [** unless otherwise stated]
Since the advent of computers_ there has been a need to store and/or transfer information or data permanently from one device to other. External storage comprises devices that store information for the data transfer from one device to another device. The external storage market has high growth prospects owing to the increasing demand for the business process automation and increasing volume of data. Moreover_ growing demand from the developing economies and increasing adoption of advanced storage technologies among numerous industry verticals expected to fuel the market growth during the forecasted period.
