London, UK -- (SBWIRE) -- 07/31/2015 -- With the consistent rising usage of electronic stored data, recordable optical disc is expected to grow exponentially in near future. A recordable optical disc is a flat disc which stores data in the form of bumps or pits along a spiral groove within its surface. Recordable optical disc are usually made up of polycarbonate and has a reflective coating which often consist of aluminum. Some of the advantages of recordable optical disc includes portability, high data storage capability, ease in storage and sharing of data. However, high power consumption and easily breakable are some of the disadvantages of recordable optical disc.

Recordable Optical Disc Market: Drivers and Restraints

Some the drivers of recordable optical disc market includes rising demand for large data storage system, higher shelf life of recordable optical disc over conventional data storage device. However, continuous technology advancement coupled with invention of micro data storage devices are few factors which are restraining the market from its potential growth. Major trends in the recordable optical disc market are need of data storage in soft copy format for ease of use for longer period of time. In addition, declining prices of the recordable optical disc makes them a preferable product to store important data.

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Recordable Optical Disc Market: Segmentation

Recordable optical disc market is segmented on the basis of type, end-user and region. On the basis of type the market is segmented into writable CD discs and writable DVD discs. Further, writable CD disc is sub-segmented into CD-R (recordable) disc and CD-RW disc. In CD-R data once recorded cannot be overwritten or deleted and in CD-RW data can be re-written repeatedly by deleting or overwriting old data in order to make room for new data upto 1000 times. Writable DVD disc is sub-segmented into DVD-RAM, DVD-RW, DVD+RW, DVD-R, DVD+R, DVD+R DL and DVD-R DL. On the basis of end-user industry the market is segmented into financial services and insurance (BFSI), healthcare, manufacturing industry, educational institutes and other business services. Lastly, on the basis of region the recordable optical disc market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan and Middle East and Africa.

Recordable Optical Disc Market: Regional Overview

North America is largest market of recordable optical disc followed by Europe. In terms of production capabilities South Korea, China and Japan are prominent countries and are market leaders. Asia-Pacific is expected to emerge as the key region and is expected to grow at a robust CAGR during the forecast period surpassing the other regions such as North America and Western Europe. The market has seen robust growth between 2004 and 2008, post which the market got stabilized. However, with greater penetration of technology in developing nations, the market for recordable optical disc is expected to record a healthy growth in emerging markets.

Recordable Optical Disc Market: Key Players

Global key players operating in this category includes Sony Corporation, Fujifilms, Moserbaer, and Panasonic to name a few. Companies dealing in recordable disc market are focused on new product development, partnership and collaboration with other companies in order to expand its product portfolio and global presence. For instance, in 2013 Sony corporation and Panasonic both pioneers in optical disc technologies entered into partnership to develop next-generation standard for professional-use optical discs with an aim of improving technology efficiencies of both the companies. The companies are planning to introduce optical disc with recording capacity of at least 300GB by the end of 2015.

The report covers exhaustive analysis on:

Recordable Optical Disc Market Segments

Recordable Optical Disc Market Dynamics

Historical Actual Market Size, 2012 - 2014

Recordable Optical Disc Market Size & Forecast 2015 to 2025

Supply & Demand Value Chain

Recordable Optical Disc Market Current Trends/Issues/Challenges

Competition & Companies involved

Technology

Value Chain

Recordable Optical Disc Market Drivers and Restraints

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Regional analysis for Recordable Optical Disc Market includes

North America

US & Canada

Latin America

Brazil, Argentina & Others

Western Europe

EU5

Nordics

Benelux

Eastern Europe

Asia Pacific

Australia and New Zealand (ANZ)

Greater China

India

ASEAN

Rest of Asia Pacific

Japan

Middle East and Africa

GCC Countries

Other Middle East

North Africa

South Africa

Other Africa