United States External Storage Market was valued at USD 15.3 Billion in 2022 and is projected to reach USD 28.6 Billion by 2030, growing at a CAGR of 8.2% from 2024 to 2030.
The US External Storage Market is witnessing an impressive surge in demand due to the increasing need for data storage across various industries. As businesses and individuals generate more data than ever before, the reliance on external storage solutions has become essential. The external storage market provides an array of options, including hard drives, solid-state drives (SSDs), network-attached storage (NAS), and cloud storage services. Each type of external storage caters to specific needs, offering businesses flexibility, scalability, and security in managing vast amounts of data.
The primary requirement from industries is the need for scalable and reliable storage solutions that can accommodate growing data volumes. For example, the entertainment and media industry requires massive storage capacities to handle high-definition video files, while the healthcare sector demands secure, easily accessible storage for patient data. The finance and banking sectors also depend on external storage to meet regulatory compliance requirements, ensuring that sensitive financial data is securely stored and protected from cyber threats.
In recent years, external SSDs have gained popularity due to their speed and durability. Compared to traditional hard drives, SSDs offer faster data transfer rates, making them ideal for businesses that require quick access to large datasets. Additionally, with the rise of remote work and cloud computing, many businesses are shifting to cloud-based external storage solutions for enhanced accessibility and reduced hardware maintenance costs. Cloud storage providers like Google Drive, Amazon Web Services (AWS), and Microsoft OneDrive have become key players in the market.
Another important trend within the external storage market is the growing demand for network-attached storage (NAS). NAS devices are gaining traction due to their ability to centralize data storage and provide users with convenient access over a network. Small and medium-sized businesses (SMBs) are increasingly adopting NAS solutions to streamline data management and reduce operational costs.
As industries continue to expand and evolve, the US External Storage Market is expected to keep growing, driven by technological advancements, increasing data generation, and the constant demand for efficient storage solutions. External storage plays a crucial role in meeting the needs of businesses, ensuring data protection, and improving overall operational efficiency.
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Netapp
EMC
Hewlett
IBM
Toshiba
Hitachi
Seagate
Pure Storage
Fujitsu
Dell
Huawei
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US External Storage Market
Hard Disk Drives (HDD)
Solid State Drives (SSD)
Hybrid Drives
Flash Drives
Network Attached Storage (NAS)
Personal Use
Business Use
Enterprise Storage
Backup and Recovery Solutions
USB 0
USB 0
Thunderbolt
eSATA
Wi-Fi Enabled
Less than 500 GB
500 GB to 1 TB
1 TB to 2 TB
2 TB to 4 TB
Above 4 TB
Consumer Electronics
IT and Telecommunications
Healthcare
Aerospace and Defense
Media and Entertainment
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US External Storage Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US External Storage Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US External Storage Market, By Type
6. US External Storage Market, By Application
7. US External Storage Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US External Storage Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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