Major companies in the computer storage devices and servers market include IBM; Western Digital Corporation; Kingston Technology Company Inc; Seagate Technology and Toshiba. The global computer storage devices and servers market is expected to grow from $72.
New York, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Computer Storage Devices And Servers Global Market Report 2021: COVID 19 Impact and Recovery to 2030" - https://www.reportlinker.com/p06018795/?utm_source=GNW
45 billion in 2020 to $77 billion in 2021 at a compound annual growth rate (CAGR) of 6.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $89.67 billion in 2025 at a CAGR of 4%.
The computer storage devices and servers market consists of sales of computer storage devices and servers by entities (organizations, sole traders and partnerships) that provide computer storage devices and servers which are the core components of a computing device. They store almost all the data and applications on a computer except software permanently programmed on the hardware. This market includes sales of storage servers which are used to store, access, secure and manage digital data, files and services. The computer storage devices and servers market is segmented into computer storage devices and computer servers.
Asia Pacific was the largest region in the global computer storage devices and servers market, accounting for 30% of the market in 2020. North America was the second largest region accounting for 26% of the global computer storage devices and servers market. Africa was the smallest region in the global computer storage devices and servers market.
The demand for solid state drives is growing rapidly as it offers higher space and speed than traditional hard disks. A solid state drive is a non-volatile storage media that stores data on solid-state flash memory and offers high speed data read and write operations for both sequential and random data requests. Unlike a hard disk drive, SSD’s do not have moving parts and are lightweight and small in size. Solid state drives find applications in laptops, personal computers, enterprise storage hardware, smart phones, tablets and many others. According to the International Data Corporation, the market for solid state drives is expected to reach $33.6 billion by 2021 at a CAGR of 14.8%.
Network-connected storage (NAS) devices such as RAID (Redundant array of independent disks) based NAS and cloud based NAS are susceptible to hacking, malware and other virus attacks. The increase in data availability and accessibility also increases vulnerability to malicious threats and attacks. An attack on network-attached storage can cause loss of intellectual property, business continuity and customer confidence. It can also huge revenue loss to companies depending on the severity of the network attack. Therefore, vulnerable network connected storage device hamper the growth of the computer storage devices and servers market.
Data volume generated from personal devices and various business operations in many industries is rapidly increasing; this is expected to drive the demand for storage devices during the forecast period. For instance, the total data generated worldwide is projected to reach 163 zettabytes (ZB) by 2025. In order to manage this rising data volume, the demand for storage devices from both corporate and individual customers is expected to drive the computer storage devices and servers market in the forecast period.
Read the full report: https://www.reportlinker.com/p06018795/?utm_source=GNW
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
CONTACT: Clare: firstname.lastname@example.org US: (339)-368-6001 Intl: +1 339-368-6001