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Portable Data Storage Market 2025 | Latest Update, Trends & International News In One Place — Analysis & Forecast

December 13, 2019 by Market-NewsFlash  

Global Portable Data Storage Market Research Report: Information by Type (Flash Storage, USB Storage, External Hard Drives, and External CD/DVD Drives), Memory (Below 256 GB, 256 GB to 1TB, and Above 1 TB), File Formatting (NTFS and FAT32), and Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa) — Forecast till 2025

Portable Data Storage Market Highlights

The portable data storage market is growing rapidly over 20% of CAGR and is expected to reach at approx. USD 4 billion by the end of forecast period.

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In this rapidly changing world of technology, portable data storage market is projected to show major growth prospects during the forecast period. The need to store large volume data is increasing the adoption of portable data storage applications on a wider platform.

As compared to other regions, the portable data storage market in North America is expected to witness significant growth during the forecast period. U.S and Canada are anticipated to drive the growth of portable data storage market. This is owing to the presence of large number of IT companies that requires reliable storage device to store large volume of data is one of the prime reason fostering the growth of portable data storage market.

In addition to this the region also has a well-established infrastructure which allows higher penetration of devices which ultimately provides high speed connectivity and is expected to be a major factor for the growth of portable data storage market.

Portable Data Storage Market Segmentation
The portable data storage market has been segmented on the basis of storage type, memory size and formatting type. By storage type segment it includes, pen drive, SSD memory card, hard drives, blu-ray disk, USB and others. Pen-drive is the most frequently used portable data storage device owing to its compact size, inbuilt power system, high portability and cost effective property is fostering the growth of pen drive market.

The prominent players in the portable data storage market are — SanDisk (U.S.), ADATA Technology Co., Ltd. (Taiwan), Seagate Technology PLC (U.S.), Samsung Group (South Korea), Transcend Information, Inc. (Taiwan), Toshiba Corporation (Japan), Freecom (Germany), Hewlett-Packard (U.S.), Sony Corporation (Japan), Other World Computing (U.S.), among others.

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