Personal and Entry Level Storage (PELS) Market Development Factors, Challenges & Demand Analysis to 2028 | Adroit Market Research
The global Personal and Entry Level Storage (PELS) market size is anticipated to reach over USD 470 billion by 2028. The market is likely to project a CAGR of nearly 37%.
Dallas, United States – April 27, 2021 /MarketersMedia/ —
PLES (Personal and entry-level storage system) is a data storage system that stores all of the data that is generated on a daily basis. In 2012, the primary storage technology industry produced $9.2 billion in sales, and it is projected to expand exponentially in the information age, where massive amounts of data are generated every day. The high data generation as well as the need for data backup to resolve security issues, is driving the PLES market.
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The major players of the global Personal and Entry Level Storage (PELS) market are Cisco, NetApp, Hitachi Vantara, Dell EMC, Toshiba, Symantec, IBM, Seagate Technology, Hewlett-Packard Enterprises, and Western Digital.
Furthermore, the cost of these storage systems is not prohibitively high; as a result, industry verticals are allowed to use these devices, which is another demand multiplier. The information contained in these devices can be accessed easily from any location and at any time, boosting business development. Furthermore, as the world economy recovers, the number of businesses that may be potential future buyers for the industry is increasing. Since more businesses will recruit more employees, data generation will increase, necessitating the use of PLES to store and manage this data.
One of the main demand dynamics is the exponential expansion of the IT and telecom industries around the world. Furthermore, an uptick in data loss cases in a variety of sectors, as well as a need for data backup for defense, are some of the factors. In terms of region, North America dominated the global personal and entry-level storage (PELS) market in 2018, and it is expected to expand at a rapid rate over the forecast period. The emergence of a prominent personal and entry-level storage provider in the area is credited with the market’s expansion. propelling the global personal and entry-level storage market forward.
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Owing to the constant growth in the volume of data and growing difficulties in handling a huge amount of data, the global Personal and Entry Level Storage (PELS) market is projected to expand at a lucrative pace. Concerns over data security, storage, and backup are some of the general factors driving the PELS market forward. Recent advancements in information technology have also aided the market’s growth indirectly. Various small and medium-sized businesses have begun to use could storage systems to reduce storage costs. Another major factor of the PELS industry is the growing popularity of online games, newspapers, and other similar online channels that generate vast amounts of data globally.
However, as in other data storage markets, data protection concerns are a major stumbling block to business development. As a result of security issues, technology penetration is lower, limiting business expansion.
Segment Overview of Global Personal and Entry Level Storage (PELS) Market
Product Overview, 2018-2028 (USD Billion)
• Cloud-based storage
• Non-cloud-based storage
o SSD
o Flash Drives
o HDD
o Recordable Discs
Technology Overview, 2018-2028 (USD Billion)
• SAS (Serial Attached SCSI)
• NAS (Network Attached Storage)
• DAS ((Direct Attached Storage)
• Others
Industry Vertical Overview, 2018-2028 (USD Billion)
• BFSI
• Public Sector
• Healthcare
• Media and Entertainment
• Others
Regional Overview, 2018-2025 (USD Billion)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
• Middle East and Africa
o UAE
o South Africa
o Rest of Middle East and Africa
• South America
o Brazil
o Rest of South America
Global Personal and Entry Level Storage (PELS) Market Insight and Forecast to 2028
Chapter 1 Personal and Entry Level Storage (PELS) Market Report Overview
Chapter 2 Global Growth Trends
Chapter 3 Market Competition by Manufacturers
Chapter 4 Personal and Entry Level Storage (PELS) Market by Regions
Chapter 5 Personal and Entry Level Storage (PELS) Market by Region
Chapter 6 Personal and Entry Level Storage (PELS) Market by Type (2020-2025)
Chapter 7 Market by Application (2020-2025)
Chapter 8 Company Profiles and Key Figures in Personal and Entry Level Storage (PELS) MarketBusiness
Chapter 9 Production and Supply Forecast
Chapter 10 Marketing Channel, Distributors, and Customers
Chapter 11 Industry Trends and Advanced Strategy
Chapter 12 Conclusions
Chapter 13 Appendix
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