Personal and Entry Level Storage Market Dynamics, Key Players, Outlook and Segmentation | Forecast to 2027
SUMMERY:
Market Research Future published a research report on “Personal and
Entry Level Storage Market Research Report- Global Forecast 2027” – Market
Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
Market
Highlights:
The global PELS
market has been segmented based on product, storage system, technology, and
vertical.
By component, the
global PELS market has been divided into cloud-based storage and non-cloud
storage. The non-cloud storage segment is expected to account for the larger
market share during the forecast period.
Based on storage
system, the global personal
and entry level storage market has been classified as direct-attached, cloud
storage, network-attached storage (NAS), unified storage, and software-defined
storage (SDS). The NAS segment is expected to be the larger market and cloud
storage is expected to register the higher growth rate during the review
period.
The technology
sub-segments of the global PELS market are magnetic storage, solid-state
storage. The solid-state storage segment is expected to dominate the market.
On the basis of
vertical, the global PELS market has been divided into banking, financial
services and insurance (BFSI), consumer goods & retail, telecommunications
& IT, healthcare and life science, utilities, government and defense,
education and research, media and entertainment, manufacturing, business and
consulting, and others. The media and entertainment segment is expected to be
the largest, while the healthcare segment is projected to register the highest
CAGR during the forecast period.
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Regional
Analysis:
A geographical
analysis of the global personal and entry level data storage market has been
conducted for North America, Europe, Asia-Pacific, and the rest of the world.
The North American
market has been segmented into the US, Canada, and Mexico. The regional market
is expected to account for the largest share in the global PELS market during
the forecast period. The growth of the market in North America can be credited
to the presence of a large number of PELS providers in the region. The US is
the leading country-level market while Mexico market is projected to be the
fastest-growing during the forecast period. The US is a mature market, however,
it faces the challenge of increasing their overall carbon footprint due to the
lack of ecofriendly (green) storage solutions.
Europe is expected
to be the second-largest market in terms of market size; it has been divided
into the UK, Germany, France, and the rest of Europe. High internet reach in
the region is resulting in huge volumes of digital data generation which is
driving market growth in Europe. The UK is the leading country-level market and
the market in France is expected to register the highest growth rate during the
forecast period.
The market in
Asia-Pacific is expected to be the fastest-growing during the review period of
2018 to 2023. The regional market has been classified into China, Japan, India,
and the rest of Asia-Pacific. The countries in the region such as Japan, China,
Singapore, India, and South Korea are expected to adopt PELS rapidly during the
forecast period.
Growing internet
penetration, high volume of digital data, and affordable cost of the PELS devices
are expected to boost the demand of PELS in the rest of the world regional
segment. The regional market has been segmented into South America and the
Middle East & Africa. These regions are expected to offer numerous
opportunities to vendors as the majority of the countries are yet to adopt
PELS.
Key
Players:
The key players in
the PELS market are Dell Inc. (US), Hewlett Packard Enterprise (HPE) Company
(US), NetApp, Inc. (US) , Hitachi Ltd. (Japan), IBM Corporation (US), Toshiba
Corporation (Japan), Pure Storage, Inc. (US), Nutanix, Inc. (US), Tintri, Inc.
(US), Simplivity Corp. (US), Scality, Inc. (US), Cisco Systems, Inc. (US),
Western Digital Corporation (US), Seagate Technology (US) and Symantec
Corporation (US).
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