Market Highlights

As per a detailed analysis by Market Research Future (MRFR), the global portable data storage market will garner USD 4 billion, registering a CAGR of 20% during the forecast period (2017-2023). Government mandates for the business to maintain and store backup of data is encouraging the growth of the market globally. Portable data storage is a device which can store digital information. These devices can store a huge amount of data at a faster rate. The high stability of portable devices allows the enterprises to rely on these devices during sharing large volume of data. In this steadily transforming world of technology, portable data storage market is experiencing major growth prospects.

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Segmentation:

The global portable data storage market has been segmented on the basis of storage type, memory size, and formatting type.

By mode of storage type, the portable data storage market comprises Blu-ray Disk, SSD Memory Card, USB, and others. The advanced Blu-ray Disks are highly capable of storing data of 50 GB and more. It also displays premium quality audios and videos. The recent development comprises additional commentaries behind the scene. It also enhances the user experience by providing improved connectivity and network feature. This enhances the segment’s growth.

The memory size segment constitutes of below 256 GB, 256-320 GB, and above 320 GB.

The formatting type segment comprises FAT 32, NTFS, and HFS+.

Regional Analysis

The portable data storage market is studied across Europe, North America, and Asia Pacific, following MEA. North America portable data storage market is likely to experience a significant expansion across the analysis period. The rise of the portable data storage market in the North America region can be attributed to high technical advancements and well-established infrastructure. The rise in data generation from data centers and from consumer devices that are connected to the internet are creating the need for portable data storage. This can prompt the expansion of the regional data storage market in the years to come. In Asia Pacific, the increased application of data portable storage devices and the presence of a high number of producers can bolster the expansion of the regional market. In EU, governments are investing considerably in data storage technologies to enhance existing storage infrastructure and avail improved operation and production processes. The introduction of better data storage technologies can bolster the expansion of the market in the years ahead.

Key Players

These players of the portable data storage market is identified by origin, regional presence, recent developments, industry expertise, and product diversification. Toshiba Corporation (Japan), Western Digital Corporation (US), Transcend Information Inc (Taiwan), Samsung Electronics Co. Ltd (South Korea), Seagate Technology PLC (US), Kingston Technology Corporation (US), Sony Corporation (Japan), Buffalo Americas Inc. (US), ADATA Technology Co. Ltd (Taiwan), HP Inc. (US), MicroNet Technology (US)(Fantom Drives), Patriot Memory (US), PNY Technologies (US), Dell Inc. (US), and AsusTek Computer Inc (Taiwan) are some key players that are likely to contribute significantly to portable data storage market as listed by MRFR.

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Portable Data Storage Market Research Report: Information by Type (Flash Storage, USB Storage, External Hard Drives, and External CD/DVD Drives), Memory (Below 256 GB, 256 GB to 1TB, and Above 1 TB), File Formatting (NTFS and FAT32), and Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa)—Forecast till 2027

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