Market Research Reports, Inc. has announced the addition of “Global Digital Storage Devices Market Outlook (2014-2022)" research report to their website www.MarketResearchReports.com
Lewes, DE -- (SBWIRE) -- 08/17/2015 -- The arrival of cloud computing has given rise to trends such as enterprise mobility, Big Data and analytics - which have created progressively more linked data ecosystems, and this is driving the demand for digital data storage capacity, the global digital storage devices market is expected to grow at a compound annual growth rate (CAGR) of 21.05% and reach US$6.27 billion by 2022 from $1.36 billion in 2014.
Whereas, producing enough storage devices to hold the rapidly increasing rate is the major challenge to this market. The cloud has been regarded as a threat to digital storage devices market, but that is a false assumption—increasing rates of cloud adoption will amplify the demand for the hard drives and solid state drives that comprise cloud storage, creating more opportunities for storage vendors. The solid state drive (SSD) market has seen a barb in growth, but hard disk drive (HDD) technology is remote from dead.
The global Digital storage device market is categorized by the type into Hard Disk Drive, Solid State Drive, Memory cards, Floppy disks, Optical Disc drives and USB Flash Drives. Optical discs are further classified into Compact Disk – CD, Digital Versatile Disc – DVD and Blu-Ray DVD. By Geography, the global Digital storage device market is segmented into North America, Europe, Asia Pacific and Rest of the World.
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