Data Storage Devices Market - Industry Shares, Market Strategies And Key Players

Data storage device is a computing hardware that is used to store, port and extract data files and objects. Data storage devices are one of the core components of a computing device. It works as a storage medium which can be attached to a computer or a server, internally or externally. They are available in different form factors such as hard disk drives (HDD) and Solid State Drives (SSD), memory cards, floppy disks, optical disk drives (Compact Disk – CD, Digital Versatile Disc – DVD, Blu-Ray DVD) and USB flash drives.

 

Large internet-based service companies have sought out more efficient methods of scaling out large number of servers with huge storage, as demand for cloud services grew tremendously. This advent of cloud computing has given rise to trends such as enterprise mobility, Big Data and analytics - which have created increasingly linked data ecosystems, and this is driving the demand for digital data storage capacity.

 

The cloud plays a critical role in the future of data storage for both businesses and consumers. It allows far better aspect of personalized computing allowing users to optimize their integrated data storage solutions. However, the cloud is not the end of traditional storage. Instead, cloud storage and web-based service providers are requiring more capacity to store the increasing volume of data and retain the data for longer periods of time than ever. As cloud data centers continue to grow, so is the demand for data servers, high-capacity drives and different types of data storage devices, expected to rise.

 

Individual consumers represent a dominant segment in the growth of cloud data storage. The average household\'s data storage capacity, with the growing popularity of camera equipped tablets and smart phones, is expected to increase noticeably during the forecast period. These devices have allowed consumers to create a large amount of digital content, leading to rising capacity demands to store that content.