Global Data Storage Market accounted for US

1. Global Data Storage Market accounted for US$ 61.24 billion in 2020 and is estimated to be US$ 604.54 billion by 2030 and is anticipated to register a CAGR of 26.0%. The report "Global Data Storage Market, By Type (Primary (Random Access Memory (RAM) and Read Only Memory), Secondary (Hard Disks and Magnetic Tapes), and Tertiary (Cloud and Networked Storage)), By Application Telecommunication, Media & Entertainment, Education, and Government), and Region - Global Forecast to 2030" Global data storage market is projected to grow from US$ 61.24 billion in 2020 to US$ 604.54 billion by 2030. Global data storage is majorly driven by high investments in information technology infrastructure by firms to address growing need for storage space. In addition, increasing use of smartphones and growth of ecommerce sector in semi-urban and urban areas is augmenting the target market growth as well. Furthermore, rising adoption of cloud technology among large enterprises attributed to cyber security has upsurge the target market growth. However, lack of security in network or cloud technology is restraining the target market growth. Key Market Insights from the report: The global data storage market accounted for US$ 61.24 billion in 2020 and is projected to register a moderate CAGR of 26.0%. over the forecast period. The market report has been segmented on the basis of type, application, and region. (Enterprises, Consumer, Banking,  By types, the global data storage market is segmented into primary, secondary, and tertiary. Primary data storage is further classified into random access memory (RAM) and read only memory. Secondary data storage is further classified into hard disks and magnetic tapes. Tertiary data storage is further classified into cloud and networked storage. By application, the global data storage market is categorized into enterprises, consumer, banking, telecommunication, media & entertainment, education, and government. By region, Asia Pacific is expected to be the leading target market over the forecast period due to rising adoption of cloud technology to ensure information backup and recovery. Also, growth of e-commerce industry and rapid increase in urban population have upsurge the demand for high capacity databases which is augmenting the target market growth in the region. Whereas, North America is the second dominating target market. Rise in the adoption of cloud storage gateways and rising need for big data is the major driver for the growth of the target market in the region. Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on "Global Data Storage Market, By Type (Primary (Random Access Memory (RAM) and Read Only Memory), Secondary (Hard Disks and Magnetic Tapes), and Tertiary (Cloud and Networked Storage)), By Application (Enterprises, Consumer, Banking, Telecommunication, Media & Entertainment, Education, and Government,and by Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)- forecast till 2030 Key Highlights:  In November, 2018, Amazon Web Services., Inc. launched eight new storage services and capabilities. These new services consist of amazon elastic file system (EFS), amazon elastic block store, amazon S3, amazon glacier, data transfer services, and AWS storage gateway. To know the upcoming trends and insights prevalent in this market, click the link below: https://prophecymarketinsights.com/market_insight/Global-Data-Storage-Market-By-2831  

2. The prominent player operating in the global data storage market includes SanDisk Corporation, Amazon Web Services., Inc., IBM Corporation, Microsoft Corporation, Toshiba Corporation, Hewlett Packard Development Company, Quantum Corporation, Hitachi Ltd., Lenovo., Inc., and Western Digital Corporation About Prophecy Market Insights Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business. Some Important Points Answered in this Market Report Are Given Below: Explains an overview of the product portfolio, including product development, planning, and positioning Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies. Detailed analysis of the market revenue over the forecasted period. Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis. Study on the segments that are anticipated to dominate the market. Study on the regional analysis that is expected to register the highest growth over the forecast period Key Topics Covered 1.Introduction Study Deliverables Study Assumptions Scope of the Study 2.Research Methodology 3.Executive Summary Opportunity Map Analysis Market at Glance Market Share (%) and BPS Analysis, by Region Competitive Landscape Heat Map Analysis Market Presence and Specificity Analysis 4.Investment Analysis 5.Competitive Analysis To know more Contact Us: Sales Prophecy Market Insights 1 860 531 2701 Email- sales@prophecymarketinsights.com