Data storage

Consumer Data Storage Devices Market Reaches US$ Value

Consumer Data Storage Devices Market 2022

Consumer Data Storage Devices Market 2022

According to a recent market report published by Persistence Market Research titled “Consumer Data Storage Devices Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2027)”, the consumer data storage device market consumer data was valued at US$14,250.6 million in 2017 and is expected to reach US$18,796.5 million by the end of 2027, registering a CAGR of 3.3% from 2017 to 2027.

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Growing adoption of smartphones is one of the major drivers for the consumer data storage device market revenue growth during the forecast period. The use of external storage devices is increasing among consumers as the number of connected devices per user increases. Smartphone adoption is fueling the growth of memory cards. Although the consumer data storage device market is struggling to compete with cloud storage, external storage devices are generally preferred for storing large files and high-value documents.

Key players:

The report has profiled some of the important players prevailing in the world such as – Seagate Technology LLC, Western Digital Corporation, Toshiba Corporation, Samsung, Sony Corporation, Transcend Information, Inc., Verbatim (Mitsubishi Chemical), PNY Technologies Inc., Kingston Technology Company, Inc., Corsair and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future prospects of Consumer Data Storage Devices.

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Sector analysis and forecasts

The Consumer Data Storage Devices market is categorized on the basis of type and capacity. On the basis of type, the market is segmented into hard drive, solid state drive, memory card, USB drive, and optical drive. Among these segments, the SSD segment is expected to register a CAGR of 7.8% during the forecast period.

Capacity segment is divided into HDD with sub-segments

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