Optical Data Storage Device Market size in terms of volume and value 2021

Sarasota, FL -- (SBWire) -- 09/12/2016 --Optical data storage is the storage of data which is readable through optical medium. Generally, data is written to optical media, such as CDs and DVDs. The data is written with laser for the purposes of backup or archival. Optical data storage devices are the devices that use laser beam to write or read data from any media.

The growth of global optical data storage device market has been attributed to growing demand for high data storage capacity and growing usage of electronically stored data. Furthermore, growing need for high performance data servers and cloud data centers is expected to fuel growth of optical data storage devices market in coming years. Safety of the stored data, lesser space and low cost for storage as compared to the conventional data storage devices are some of the prominent factors behind the tremendous growth of these devices. However, optical storage rewritable formats suffer from compatibility issues between drives.

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The report covers forecast and analysis for the optical data storage devices market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD Million). To understand the competitive landscape of the market, an analysis of Porter's Five Forces model for the optical data storage devices market has also been included in the study. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period. The study encompasses a market attractiveness analysis, wherein device type andapplication segments are benchmarked based on their market size, growth rate and general attractiveness.

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The report provides detailed segmentation of optical data storage devices market based on device type and application. The device type segment includes CD, DVDs, erasable and re-writable optical discs, near field optical devices, holographic storage, high definition DVD (HD-DVD), blu-ray discs (BDs) and others. In term of application the market has been segmented under financial services and insurance (BFSI), entertainment and media, manufacturing industry, banks, educational institutes, healthcare and others.

Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America and Middle East. Asia-Pacific market is the fastest growing market due to the growing service sector and huge generation of tremendous amount of information.

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Key players profiled in the report include Sony Corporation, Western Digital Technologies, Moser Baer India Ltd. Samsung Electronics Co. Ltd. and IBM Corporation amongst others.

The report segments of global optical data storage devices market as follows:

Optical Data Storage Devices Market: Device Type Segment Analysis
CD & DVDs,
Erasable and re-writable optical discs
Near field optical devices
Holographic storage
High definition DVD (HD-DVD)
Blu-ray discs (BDs)
Others

Optical Data Storage Devices Market: Application Segment Analysis

Financial services and insurance (BFSI)
Entertainment and media
Manufacturing industry
Banks
Educational institutes
Healthcare
Others

Optical Data Storage Devices Market: Regional Segment Analysis

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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