Overview

Personal and Entry Level Storage (PELS) Market will register a CAGR of 30%, The market expands up to USD 100 Billion during the forecast period states the recent Market Research Future (MRFR) analysis. The report focuses on Personal and Entry Level Storage (PELS) market share, size, competition level, key pricing structure, and major key developments in the market.

The personal and entry level storage, simply put, is the use of technology for retaining and storing data through PCs or other gadgets. The storage of data is crucial and businesses & consumers depend on it for preserving information varying from business-critical information to personal photos. 

Various factors are propelling the global personal and entry level storage market share. As per the current MRFR report, such factors include low cost, increasing use of tablets, laptops, and smartphones that has boosted the amount of data generated, technological advances such as 5G and IPV6, the rising volume of digital data, growing need for data backup, and demand for data analytics with machine learning (ML) & artificial intelligence (AI).

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On the contrary, increased carbon footprint owing to no green data center solutions for storage, concerns about privacy and security, and the COVID-19 impact are factors that may limit the global personal and entry level storage (PELS) market growth over the forecast period. 

Market Segmentation

By Product

• Cloud
• Non-Cloud
• Solid-Slate Drives
• Hard Disk Drives
• Flash Drives
• Recordable Disks

By Storage System

• Unified Storage
• Direct Attached Storage
• Software-Defined Storage
• Network Attached Storage
• Cloud storage and Cloud Storage

By Technology

• Solid Stage Storage
• Entry-Level Storage

By Vertical

• Defense and Government
• Telecommunications and IT
• BFSI, Retail, and Consumer Goods
• Utilities
• Life science and Healthcare
• Entertainment and Media
• Consulting and Business
• Research and Education
• Manufacturing

By Region

• Europe
• North America
• Asia-Pacific
• Rest of the World

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Factors like artificial intelligence and machine learning technologies have further supported the market growth support the personal and entry level storage market growth. The performance of the personal and entry level storage market has also been studied for the past and current years. Additionally, the personal and entry level storage market report provides analysis of these segments. The personal and entry level storage market segmental analysis provided in the report offers major details about the personal and entry level storage market based on the data and forecasts till 2023.

Regional Overview

Companies in the personal and entry level storage market are spread across the world. The personal and entry level storage market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American personal and entry level storage market has many companies across the United States, Canada, and Mexico. The personal and entry level storage market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the personal and entry level storage market can be found in the market research report. Europe has companies in the personal and entry level storage market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the personal and entry level storage market across India, China, and Japan in the Asia-Pacific region is also presented in the report.

Competitive Landscape

The personal and entry level storage market is supported by high demand from large media and entertainment. The population growth around the world and increasing demand of personal and entry level storage market based services and products also support the market growth. However, the personal and entry level storage market growth can be affected due to growing concerns regarding security as well as rising prevalence of cyber attacks. The report covers all such details which will help companies in the personal and entry level storage market to strengthen their business plan and improve their product portfolio. The personal and entry level storage market research report also provides company profiles of major companies. The company profiles of many organizations operating in the personal and entry level storage market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the personal and entry level storage market. New companies and established businesses can plan their strategies based on this data provided in the personal and entry level storage market research report.

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Key Players