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Portable Data Storage Market SizePortable data storage devices stores digital information which can be accessed on a later date.

The global portable data storage market is expected to grow at approx.

USD 4 Billion by 2023, at 20% of CAGR between 2017 and 2023.FREE PDF@ https://www.marketresearchfuture.com/sample_request/3887Market Dynamics of Portable Data Storage Market:Drivers Advantages over other storage media such as disks which include large storage capacity, higher readability, robustness, high data stability, greater reliability, speed, resiliency and othersGrowing need for backup and growing data volumeGrowing virus and software which indirectly create backup needs due to corruptionGovernment regulation for business to store and maintain a backup of data Up gradation of software and operating system which requires high storage capacity of hard drives.

Growing volume of larger file types such as media files, used to store videos, audio and others which generate the demand for high capacity solution.Technological advancements such as Blu-ray disk which are capable of using storing large volume of data and also enhances users experience by offering improved network connectivity feature, solid state drives which provide better performance, improved scratch resistant disc coatingGrowing popularity of camera-equipped devices will boost the need for additional storage due to large digital content, leading to rising demands for storage.

Syncing service providers are expected to demand greater storage capacity as data storage is expected to outpace the capabilities of smartphones.Growing social networking and media websites, growing internet using populations, growing bandwidth, growing media content of the internet are expected to demand a large amount of data storage capacity.RestraintsHighly fragmented market which has put pressure on pricingHigh per GB cost of solid state drives, and other advanced technologiesFalling demand from personal consumers for storage devices above 1 TBKey Players of Portable Data Storage Market: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.Current Market Trends and ExpectationsAdvent of cloud computing will result a shift from smaller data storage solutions to enterprise and large data storage capacity.

We expect that cloud will store greater than 50 % of total consumer data by the end of forecast period.Solid state drive (SSD) will be one of the fastest segment, but hard disk drive (HDD) technology is here to stay due to their cost effectiveness and large data capacities.

Storage in Big Data Market, By Component (Hardware, Software and Services), By Vertical (BFSI, IT & Telecommunication, Healthcare, Manufacturing, Transportation, Media & Entertainment and Others) - Forecast 2022.Market Scenario:Big data storage is a storage infrastructure specially designed to store, manage and retrieve massive volumes of big data.

The global storage in big data market is anticipated to grow at USD 30 billion by 2022, a CAGR of 20 % during the forecast period of 2016 and 2022.Market Dynamics:Digitization, Adoption Of Smart Devices, And Growing Connectivity Is The Prime Driver Of The MarketGrowing digitization, adoption of smart devices, increasing connectivity, are the prime drivers of the market.

In 12 emerging nations surveyed in 2014 and 2015, there was a significant increase in the share of adult internet users accessing internet several times a day, including in Nigeria (+20 points), Ghana (+19) and China (+13).Growing adoptions of cloud computing and the internet of things (IoT) have boosted the Storage In Big Data Market.Advancements In Technology And Storage Devices Are Expected To Generate A Significant DemandThe development of high volume storage technology such as Blu-ray disk with improved network connectivity features is driving down the cost of big data lakes storage.

Solid state drives provide better performance, higher readability, robustness, high data speed, stability and reliability, and resiliency, is a further market attraction.Growth in Investments and Impressive Application Potential and Expanse is the Most Significant Market OpportunityBIG data storage provides attractive benefits like scalability, high speed, advanced analytics, centralization, and integration of data under one platform, benefiting coherence and pattern identification.

An enormous market enthusiasm has been generated by investments by technology giants including Microsoft Corporation, Informatica, Teradata Corporation, Capgemini, EMC Corporation and Oracle Corporation entering the fray.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2651Regional Analysis:The regional analysis of storage in big data market is being studied for region such as Asia Pacific, Americas, Europe and Rest of the World.

The study reveals that Asia-Pacific market is creating new opportunities in storage in big data market due to improved business performance, meeting customer expectations and increasing competitive edge in the business.Key Players:The prominent players in the storage in big data market are - Amazon Web Services (U.S.), Google Inc. (U.S.), International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.),    Oracle Corporation (U.S.), Dell EMC (U.S.), Hitachi Data Systems Corporation (U.S.), VMware, Inc. (U.S.), Hewlett Packard Enterprise (U.S), Teradata Corporation (U.S.), among others.Segments:To generate a bird’s view of the market, the report is segregated by component, vertical and regions.Based on the components, the market has been segregated into hardware, software, and services.

Next-generation storage technology comprises technologically advanced data storage solutions and products to handle with increasing file sizes and an increased amount of unstructured data.

It manages large data securely and allows fast, secure, and reliable data recovery in a cost-effective manner.

According to the recent MRFR report, such factors include the massive growth of digital data volume, proliferated use of tablets, laptops, and smartphones, rising penetration of high-end cloud computing, growth of the IoT market, the ubiquity of output and input devices in each sector, need to manage, analyze, and store huge amount of data, technological advancements, and growing demand for advanced time-saving technologies such as internet of things, online shopping, smart technologies, and automated systems.

Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1800Market SegmentationBy type, the global next-generation data storage technologies market is segmented into optical storage, software defined storage (SDS), hybrid storage arrays, cloud-based storage service, magnetic storage, all flash arrays, and others.

By memory, the next-generation data storage technologies market is segmented into hybrid memory, racetrack memory, 3D chip memory, phase change memory, atomic scale magnetic memory, and others.

By solution, the next-generation data storage technologies market is segmented into computing devices, cloud services, big data storage, enterprise data storage, and others.

Portable Data Storage Market SizePortable data storage market is estimated to exhibit high growth potential during the forecast period owing to digitization and growing government regulation for business to store and maintain data backup of past years.

Portable data storage increases productivity of server and network as well.

It proves to be cost effective and provides easy redeployment by maintaining easy backup.The portable data storage covers a wide range of technology, tools and various processes which facilitate users and enterprise to save large amount of data.

Increasing digital data volume of large enterprise is boosting the market of portable data storage market.Portable data storage market is 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.

The most important advantage of SSD memory card is its temperature resistant property that allow it to operate in extreme temperature condition from 0 degree celsius to +70 degree celsius.