Consumer Data Storage Devices Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the global Consumer Data Storage Devices Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.

Key Insights:

Consumer Data Storage Devices Market Size (2024): US$ 18.3 Bn
Projected Market Value (2031): US$ 26.1 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 5.2%

Consumer Data Storage Devices Market - Report Scope:

The Consumer Data Storage Devices market includes a wide range of products used to store digital data, such as Solid State Drives (SSDs), Hard Disk Drives (HDDs), Memory Cards, USB Flash Drives, and Optical Disks. These devices are essential for securely storing increasing volumes of data and providing users with convenient and accessible solutions for data management. The market is driven by the growing amount of data generated by users, particularly with the rise in high-definition video content.

Market Growth Drivers:

Several factors are driving the growth of the global Consumer Data Storage Devices market, including the rapid increase in data consumption and the growing reliance on digital content. The number of laptop users worldwide is set to rise due to digital content digitization, making laptops a key target market for SSD and HDD manufacturers. Additionally, the surge in smartphone usage, particularly in developing economies with rising disposable income, is expected to expand the market for USB Flash Drives and Memory Cards. The increasing demand for secure, accessible storage solutions is fueling the growth of Consumer Data Storage Devices.

Market Restraints:

Despite the positive growth outlook, the Consumer Data Storage Devices market faces challenges, such as the established penetration of storage devices among consumers and competition from cloud storage services. The growing use of cloud storage, facilitated by internet penetration in emerging markets, could limit the demand for traditional data storage devices. Furthermore, the ongoing advancements in cloud-based solutions and the limitations in device capacity may slow the adoption of physical storage solutions over time.

Market Opportunities:

The global Consumer Data Storage Devices market presents significant growth opportunities, particularly with the proliferation of mobile devices and the increase in high-definition content creation and consumption. Additionally, as storage capacities continue to grow and prices decline, the adoption of advanced storage solutions like SSDs is expected to expand. The continuous development of storage technology, including improvements in SSD performance, presents further opportunities for manufacturers to cater to a broader consumer base.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the Consumer Data Storage Devices market?
Which regions and market segments are witnessing the highest adoption of consumer data storage devices?
How is the growing penetration of cloud storage influencing the demand for physical storage devices?
Who are the leading players in the Consumer Data Storage Devices market, and what strategies are they employing to maintain their market positions?
What are the emerging trends and future prospects in the global Consumer Data Storage Devices market?

Competitive Intelligence and Business Strategy:

Leading companies in the global Consumer Data Storage Devices market, including Western Digital Corporation, Samsung Electronics, and Seagate Technology, are focusing on technological innovation, product differentiation, and strategic partnerships to maintain their competitive edge. These companies are investing heavily in R&D to enhance the performance, reliability, and affordability of their storage devices. Collaborations with device manufacturers and technology providers are essential for gaining wider market reach. Furthermore, strategic marketing, focusing on capacity expansion and user accessibility, is key for sustaining leadership in this growing market.

Key Companies Profiled:

Western Digital Corporation
Samsung Electronics
Seagate Technology
Toshiba Corporation
Kingston Technology Company
SanDisk (a subsidiary of Western Digital)
Micron Technology, Inc.
Transcend Information, Inc.
Crucial (a brand of Micron Technology)
ADATA Technology Co., Ltd
Others

Consumer Data Storage Devices Market Segmentation:

By Type:

Hard Disk Drive (HDD)
Solid State Drive (SSD)
Memory Card
USB Flash Drive
Optical Disks

By Capacity:

Hard Disk Drive
Solid State Drive

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa (MEA)

Product Code: PMRREP19306

1. Executive Summary

1.1. Market Overview
1.2. Market Analysis
1.3. PMR Analysis and Recommendations
1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Definition
2.2. Market Taxonomy
2.3. Parent Market Overview
2.4. Value Chain Analysis

3. Market View Point

3.1. Macro-Economic Factors
3.2. Opportunity Analysis

4. Global Market Analysis 2019-2023 and Forecast 2024-2031

4.1. Market Size and Y-o-Y Growth
4.2. Absolute $ Opportunity

5. North America Consumer Data Storage Device Analysis and Forecast

5.1. Introduction
5.2. Key Regulations
5.3. Regional Market Dynamics
- 5.3.1. Drivers
- 5.3.2. Restraints
- 5.3.3. Trends
5.4. Drivers and Restraints: Impact Analysis
5.5. Historical Market Size (US$ Bn) Analysis 2019-2023, By Country
- 5.5.1. U.S.
- 5.5.2. Canada
5.6. Current Market Size (US$ Bn) Forecast 2024-2031, By Country
- 5.6.1. U.S.
- 5.6.2. Canada
5.7. Market Size (US$ Bn) and Unit Shipments (Mn Units), By Type
- 5.7.1. Hard Disk Drive (HDD)
- 5.7.2. Solid State Devices (SSD)
- 5.7.3. Memory Cards
- 5.7.4. USB Flash Drives
- 5.7.5. Optical Disk
5.8. Market Size (US$ Bn) & Forecast, By Capacity
- 5.8.1. Hard Disk Drive
  - 5.8.1.1. <=2 TB
  - 5.8.1.2. 2.1 TB - 6 TB
  - 5.8.1.3. 6.1 TB - 8 TB
- 5.8.2. Solid State Drive
  - 5.8.2.1. <=1 TB
  - 5.8.2.2. 1.1 TB - 2 TB
5.9. Market Value Share & BPS Analysis
- 5.9.1. By Country
- 5.9.2. By Type
5.10. Market Attractiveness Analysis
- 5.10.1. By Country
- 5.10.2. By Type

6. Latin America Consumer Data Storage Device Analysis and Forecast

6.1. Introduction
6.2. Key Regulations
6.3. Regional Market Dynamics
- 6.3.1. Drivers
- 6.3.2. Restraints
- 6.3.3. Trends
6.4. Drivers and Restraints: Impact Analysis
6.5. Historical Market Size (US$ Bn) Analysis 2019-2023, By Country
- 6.5.1. Brazil
- 6.5.2. Mexico
- 6.5.3. Rest of Latin America
6.6. Current Market Size (US$ Bn) Forecast 2024-2031, By Country
- 6.6.1. Brazil
- 6.6.2. Mexico
- 6.6.3. Rest of Latin America
6.7. Market Size (US$ Bn) and Unit Shipments (Mn Units), By Type
- 6.7.1. Hard Disk Drive (HDD)
- 6.7.2. Solid State Devices (SSD)
- 6.7.3. Memory Cards
- 6.7.4. USB Flash Drives
- 6.7.5. Optical Disk
6.8. Market Size (US$ Bn) & Forecast, By Capacity
- 6.8.1. Hard Disk Drive
  - 6.8.1.1. <=2 TB
  - 6.8.1.2. 2.1 TB - 6 TB
  - 6.8.1.3. 6.1 TB - 8 TB
- 6.8.2. Solid State Drive
  - 6.8.2.1. <=1 TB
  - 6.8.2.2. 1.1 TB - 2 TB
6.9. Market Value Share & BPS Analysis
- 6.9.1. By Country
- 6.9.2. By Type
6.10. Market Attractiveness Analysis
- 6.10.1. By Country
- 6.10.2. By Type

7. Europe Consumer Data Storage Device Analysis and Forecast

7.1. Introduction
7.2. Key Regulations
7.3. Regional Market Dynamics
- 7.3.1. Drivers
- 7.3.2. Restraints
- 7.3.3. Trends
7.4. Drivers and Restraints: Impact Analysis
7.5. Historical Market Size (US$ Bn) Analysis 2019-2023, By Country
- 7.5.1. Germany
- 7.5.2. U.K.
- 7.5.3. France
- 7.5.4. Spain
- 7.5.5. Italy
- 7.5.6. Poland
- 7.5.7. Russia
- 7.5.8. Rest of Europe
7.6. Current Market Size (US$ Bn) Forecast 2024-2031, By Country
- 7.6.1. Germany
- 7.6.2. U.K.
- 7.6.3. France
- 7.6.4. Spain
- 7.6.5. Italy
- 7.6.6. Poland
- 7.6.7. Russia
- 7.6.8. Rest of Europe
7.7. Market Size (US$ Bn) and Unit Shipments (Mn Units), By Type
- 7.7.1. Hard Disk Drive (HDD)
- 7.7.2. Solid State Devices (SSD)
- 7.7.3. Memory Cards
- 7.7.4. USB Flash Drives
- 7.7.5. Optical Disk
7.8. Market Size (US$ Bn) & Forecast, By Capacity
- 7.8.1. Hard Disk Drive
  - 7.8.1.1. <=2 TB
  - 7.8.1.2. 2.1 TB - 6 TB
  - 7.8.1.3. 6.1 TB - 8 TB
- 7.8.2. Solid State Drive
  - 7.8.2.1. <=1 TB
  - 7.8.2.2. 1.1 TB - 2 TB
7.9. Market Value Share & BPS Analysis
- 7.9.1. By Country
- 7.9.2. By Type
7.10. Market Attractiveness Analysis
- 7.10.1. By Country
- 7.10.2. By Type

8. Asia Pacific Consumer Data Storage Device Analysis and Forecast

8.1. Introduction
8.2. Key Regulations
8.3. Regional Market Dynamics
- 8.3.1. Drivers
- 8.3.2. Restraints
- 8.3.3. Trends
8.4. Drivers and Restraints: Impact Analysis
8.5. Historical Market Size (US$ Bn) Analysis 2019-2023, By Country
- 8.5.1. China
- 8.5.2. Japan
- 8.5.3. India
- 8.5.4. ASEAN
- 8.5.5. Australia and New Zealand
- 8.5.6. Rest of Asia Pacific
8.6. Current Market Size (US$ Bn) Forecast 2024-2031, By Country
- 8.6.1. China
- 8.6.2. Japan
- 8.6.3. India
- 8.6.4. ASEAN
- 8.6.5. Australia and New Zealand
- 8.6.6. Rest of Asia Pacific
8.7. Market Size (US$ Bn) and Unit Shipments (Mn Units), By Type
- 8.7.1. Hard Disk Drive (HDD)
- 8.7.2. Solid State Devices (SSD)
- 8.7.3. Memory Cards
- 8.7.4. USB Flash Drives
- 8.7.5. Optical Disk
8.8. Market Size (US$ Bn) & Forecast, By Capacity
- 8.8.1. Hard Disk Drive
  - 8.8.1.1. <=2 TB
  - 8.8.1.2. 2.1 TB - 6 TB
  - 8.8.1.3. 6.1 TB - 8 TB
- 8.8.2. Solid State Drive
  - 8.8.2.1. <=1 TB
  - 8.8.2.2. 1.1 TB - 2 TB
8.9. Market Value Share & BPS Analysis
- 8.9.1. By Country
- 8.9.2. By Type
8.10. Market Attractiveness Analysis
- 8.10.1. By Country
- 8.10.2. By Type

9. Middle East & Africa Consumer Data Storage Device Analysis and Forecast

9.1. Introduction
9.2. Key Regulations
9.3. Regional Market Dynamics
- 9.3.1. Drivers
- 9.3.2. Restraints
- 9.3.3. Trends
9.4. Drivers and Restraints: Impact Analysis
9.5. Historical Market Size (US$ Bn) Analysis 2019-2023, By Country
- 9.5.1. GCC Countries
- 9.5.2. Northern Africa
- 9.5.3. South Africa
- 9.5.4. Turkey
- 9.5.5. Rest of Middle East and Africa
9.6. Current Market Size (US$ Bn) Forecast 2024-2031, By Country
- 9.6.1. GCC Countries
- 9.6.2. Northern Africa
- 9.6.3. South Africa
- 9.6.4. Turkey
- 9.6.5. Rest of Middle East and Africa
9.7. Market Size (US$ Bn) and Unit Shipments (Mn Units), By Type
- 9.7.1. Hard Disk Drive (HDD)
- 9.7.2. Solid State Devices (SSD)
- 9.7.3. Memory Cards
- 9.7.4. USB Flash Drives
- 9.7.5. Optical Disk
9.8. Market Size (US$ Bn) & Forecast, By Capacity
- 9.8.1. Hard Disk Drive
  - 9.8.1.1. <=2 TB
  - 9.8.1.2. 2.1 TB - 6 TB
  - 9.8.1.3. 6.1 TB - 8 TB
- 9.8.2. Solid State Drive
  - 9.8.2.1. <=1 TB
  - 9.8.2.2. 1.1 TB - 2 TB
9.9. Market Value Share & BPS Analysis
- 9.9.1. By Country
- 9.9.2. By Type
9.10. Market Attractiveness Analysis
- 9.10.1. By Country
- 9.10.2. By Type

10. Forecast Assumptions

11. Competition Landscape

11.1. Market Structure
11.2. Market Share Analysis
11.3. Competition USP Analysis
11.4. Competition Dashboard
11.5. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.5.1. Prominent Players
  - 11.5.1.1. Seagate Technology LLC
  - 11.5.1.2. Western Digital Corporation
  - 11.5.1.3. Toshiba Corporation
  - 11.5.1.4. Samsung
  - 11.5.1.5. Sony Corporation
  - 11.5.1.6. Transcend Information, Inc.
  - 11.5.1.7. Verbatim (Mitsubishi Chemical)
  - 11.5.1.8. PNY Technologies Inc.
  - 11.5.1.9. Kingston Technology Company, Inc.
  - 11.5.1.10. Corsair
- 11.5.2. Other Players
  - 11.5.2.1. HP Inc.
  - 11.5.2.2. Apple Inc.
  - 11.5.2.3. Lenovo Group Limited

12. Global Consumer Data Storage Device Analysis, By Region

12.1. Introduction
12.2. Historical Market Size (US$ Bn) Analysis 2019-2023 & Current Market Size (US$ Bn) Forecast 2024-2031, By Region
- 12.2.1. North America
- 12.2.2. Latin America
- 12.2.3. Europe
- 12.2.4. Asia Pacific
- 12.2.5. Middle East and Africa
12.3. Absolute $ Opportunity Analysis, By Region
12.4. Market Value Share & BPS Analysis, By Region
12.5. Market Attractiveness Analysis, By Region

13. Global Consumer Data Storage Device Analysis, By Type

13.1. Introduction
13.2. Historical Market Size (US$ Bn) Analysis 2019-2023 & Current Market Size (US$ and Mn Units) and Forecast 2024-2031, By Type
- 13.2.1. Hard Disk Drive
- 13.2.2. Solid State Drive
- 13.2.3. Memory Cards
- 13.2.4. USB Flash Drive
- 13.2.5. Optical Disks
13.3. Absolute $ Opportunity Analysis, By Region
13.4. Market Value Share & BPS Analysis, By Region
13.5. Market Attractiveness Analysis, By Type
13.6. Key Trends

14. Global Consumer Data Storage Device Analysis, By Capacity

14.1. Introduction
14.2. Historical Market Size (US$ Bn) Analysis 2019-2023 & Current Market Size (US$ Bn) Forecast 2024-2031, By Capacity
- 14.2.1. Hard Disk Drive
  - 14.2.1.1. <=2 TB
  - 14.2.1.2. 2.1 TB - 6 TB
  - 14.2.1.3. 6.1 TB - 8 TB
- 14.2.2. Solid State Drive
  - 14.2.2.1. <=1 TB
  - 14.2.2.2. 1.1 TB - 2 TB
14.3. Market Attractiveness Analysis, By Capacity