Global Recordable Optical Disc Market Is Expected to Reach 5028.2 Million Units by the Year 2022
The Recordable Optical Disc market is valued at 7,507 million units in 2015 and is expected to exhibit a CAGR of -5.56 to reach 5028.2 million units by 2022. Widening applications of the optical discs, growing consumer preference towards recording, HD broadcasts, and increasing demand for content protection are driving the market growth. However, high raw material costs, cloud based storage services and rivalry from other media storage devices are factors hampering the market growth. The discs that can store...
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