About External Storage
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the synthetic fibers market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global External Storage market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) and Huawei Technologies Co., Ltd (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Seagate Technology (Ireland), Toshiba Corporation (Japan), Samsung Electronics (South Korea), ADATA Technology Co., Ltd. (Taiwan) and LaCie, Ltd. (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global External Storage market by Type (Police Optical Storage, Solid State Storage, Flash Memory Devices and External Hard Drives), Application (Consumer Electronics, Healthcare Devices, Automotive Application, Enterprise Storage, Industrial Applications and Others) and Region.
On the basis of geography, the market of External Storage has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Adoption of Advanced Storage Technologies among Enterprises and Growing Demand from the Small and Medium Enterprises
Market Growth Drivers:
Growing Focus on Business Process Automation and Increasing Volume of Data
Challenges:
Low Write Endurance in External Storage
Restraints:
Growing Dominance of Local Market Players
Opportunities:
Increasing Focus on Digital Transformation across Numerous Industry Verticals and Growing Demand from the Developing Economies
Market Leaders and their expansionary development strategies
In November 2023, A research institute partnered with universities to explore emerging storage technologies like solid-state drives (SSDs) with higher capacities and lower power consumption, paving the way for future advancements.
In October 2023, Synology released its "DiskStation DS923+" NAS device, offering high performance, scalability, and a user-friendly interface for home and office use.
Key Target Audience
External Storage Providers, Electronic Component Providers, Technology Providers, Potential Investors, Government and Research Organizations, Trade Associations and Industry Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.