Portable Data Storage Market Trends, Opportunities, and Forecast by 2031

MARKET INTRODUCTION

Portable storage device is a compact hard drive built to store all sorts of digital data. These devices vary slightly from a portable media player that stores and plays music and movies. Some portable storage devices are of fixed size such as 256GB, 320GB, etc. Newer devices are expandable using 2.5- laptops hard drives and allow unlimited storage. The high data stability of portable storage devices enables businesses to rely on portable devices when sharing a vast amount of data. Examples of portable devices include Flash Storage, USB Storage, External Hard Drives, and External CD/DVD Drives, etc. Advantages of portable storage devices such as more secured, high speed, large storage space etc. are expected to increase their demand in coming years, which will drive the market.

MARKET DYNAMICS

The rising use of consumer electronics such as laptop and PC around world and growing awareness of security for sensitive data from any virus and hacking is is driving the growth of the portable data storage market. However, high initial cost may restrain the growth of the portable data storage market. Furthermore, more development regarding portable storage devices such as miniaturization of device with large storage is anticipated to create market opportunities for the portable data storage market during the forecast period.

MARKET SCOPE

The "Global Portable Data Storage Market Analysis to 2031" is a specialized and in-depth study of the portable data storage market with a special focus on the global market trend analysis. The report aims to provide an overview of portable data storage market with detailed market segmentation by type, memory size, formatting type, application, and geography. The global portable data storage market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading portable data storage market players and offers key trends and opportunities in the portable data storage market.

MARKET SEGMENTATION

The global portable data storage market is segmented on the basis of type, memory size, formatting type, and application. On the basis of type, the market is segmented as flash storage, USB storage, external hard drives, external CD/DVD drives, and others. Similarly, on the basis of memory size, the market is segmented as below 256 GB, 256 GB to 1TB, and above 1 TB. Further, based on formatting type, market is segmented as NTFS and FAT32. Moreover, based on application, market is segmented as household, commercial, industrial, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global portable data storage market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The portable data storage market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting portable data storage market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the portable data storage market in these regions.

MARKET PLAYERS

The reports cover key developments in the portable data storage market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from portable data storage market are anticipated to lucrative growth opportunities in the future with the rising demand for portable data storage. Below mentioned is the list of few companies engaged in the portable data storage market.

The report also includes the profiles of key portable data storage market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   ADATA Technology Co., Ltd.
  
•   Buffalo Americas, Inc.
  
•   HP Development Company, L.P.
  
•   Kingston Technology Corporation
  
•   Samsung Electronics Co., Ltd.
  
•   Seagate Technology PLC
  
•   Sony Corporation
  
•   Toshiba Corporation
  
•   Transcend Information, Inc.
  
•   Western Digital Corporation
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Portable Data Storage Report Scope