Personal and Entry Level Storage Market to Grow Swiftly Owing to Increasing Concerns Towards Data Security & Backup | Million Insights

FELTON, California, Jan. 6, 2020 /PRNewswire/ -- The global Personal and Entry Level Storage (PELS) Market is expected to grow by leaps and bounds in the years to come. This could be attributed to an ever-increasing volume of data getting generated followed by rising concerns toward data security and backup. Entry level business organizations as well as individuals have started feeling the importance of data backup and storage. This factor is expected to keep the cash registers ringing.

Market Scope:

It is a known fact that digital era calls for storing and managing information. An increasing usage of online gaming, and internet media has created an unparalleled demand for storage architectures across the globe. The mid- and small-sized organizations are into adoption of diverse types of data storage architectures like cloud-based storage, NAS (network attached storage), and DAS (direct attached storage). NAS holds the largest market share as every user could share single storage device. However, cloud storage is expected to take the market by storm in the next 5-7 years as it proves to be cost-effective in terms of equipment.

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Market Segmentation:

The personal and entry level storage market is segmented based on product/service, data storage technology, industry verticals, and geography. By product/service, the personal & entry level storage market spans cloud-based storage and non-cloud based storage (SSD (Solid State Drives), HDD (Hard Disk Drives), flash drives, and recordable discs). By data storage technology, it says SAS (Serial Attached SCSI), DAS (Direct Attached Storage), NAS (Network Attached Storage), cloud-based storage, and others (fiber channel storage and IP based storage).

By industry vertical, the market states public sector, media & entertainment, healthcare & life sciences, financial services, and others (internet services and communications). By geography, it comprises Europe, North America, Asia Pacific, LATAM, and MEA.

Players:

The players contributing to the PELS market include HP, Hitachi Data Systems (HDS), Dell, Inc., EMC Corporation, IBM, Cisco Systems, Inc., Seagate Technology, Toshiba Corporation, Western Digital Corporation, and Symantec Corporation.

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Market Segment:

• PELS Product Outlook (Revenue, USD Million, 2012 - 2020)
• Recordable Discs
• Hard Disk Drives
• Solid State Drives
• Cloud Storage
• Flash Drives
• PELS Technology Outlook (Revenue, USD Million, 2012 - 2020)
• Serial Attached SCSI
• Direct Attached Storage
• Cloud Attached Storage
• Network Attached Storage
• Others
• PELS Application Outlook (Revenue, USD Million, 2012 - 2020)
• Entertainment & Media
• Public Sector
• Healthcare & Life Sciences
• Financial Services
• Others
• PELS Regional Outlook (Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW

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