Market Research Store: Global Digital storage device Market is estimated as $1.36 billion in 2014 and is poised to reach $6.27 billion by 2022

Deerfield Beach, FL -- (SBWire) -- 12/10/2015 --The Global Digital storage device Market is estimated as $1.36 billion in 2014 and is poised to reach $6.27 billion by 2022, growing at a CAGR of 21.05 % from 2014 to 2022.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. 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.

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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.

The major players in the global Digital storage device market include Lenovo, SanDisk Corporation, Transcend Information, Inc., Sony Corporation, Seagate Technology, Toshiba Corporation, Western Digital Technologies, Inc., Kingston Technology Corporation, Inc., Intel Corporation, Inc, Samsung Electronics.

A recent report published on the Digital Storage Devices market presents an analytical overview of the Digital Storage Devices industry. It studies the global Digital Storage Devices market in detail to update the stakeholders about the latest market trends, and help them in determining crucial business strategies. In a coherent chapter-wise format, the Digital Storage Devices Industry report presents the findings from the analysis of the present Digital Storage Devices market dynamics. Data included in these chapters are logically interspersed with infographics and graphical representations.

Information and statistics the analysts have referred to for compiling the Digital Storage Devices report are obtained from trusted industrial sources and have been plausibly collated. The data sourced is filtered through several research stages using industry-leading analytical tools to ensure that the Digital Storage Devices market report encompasses only authenticated data derived from validated industrial sources. To enrich the Digital Storage Devices industry report with industry-specific statistics, relevant data is also sourced from the repository of financial records of the leading companies.

The report begins by introducing the global Digital Storage Devices market. The products and services offered in the Digital Storage Devices market are evaluated in-depth. To study the growth trajectory of the Digital Storage Devices market, the report studies the development trends it has exhibited in the last couple of years. The prevailing competitive landscape of the Digital Storage Devices market is analyzed in the report. It also presents an in-depth study on the development status of the Digital Storage Devices market.