The mounting amount of data that digital services and devices are generating is expected to increase the demand for the market for digital storage devices. The escalated demand for digital storage devices in banking, healthcare, and information technology sectors is anticipated to create new avenues for evolution in the upcoming period.

The surge in digital devices is boosting the need for digital storage devices around the world. Reports that review the information and communication technology industry has been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is projected to accomplish a CAGR of 27 % while achieving revenues worth USD 11 billion in the coming years.

Also Read: [FURL]http://www.marketwatch.com/story/digital-storage-devices-market-growth-is-driven-by-increasing-amount-of-data-from-digital-services-2020-04-13 /[/FURL]

Regional Analysis:

On the basis of geography, the market is studied for North America, Europe, Asia Pacific, and rest of the world. Among all the regions, the market is dominated by North America providing digital storage devices for laptops, desktops, and portable storage devices for laptops, desktops, and portable storage. These vendors comprise a large market of storage device manufacturers. One of the major factors contributing to the growth of digital storage devices is the higher adoption of flash storage and rising penetration of smartphones with higher memory.

Segmentation:

The segmentation of the [FURL=https://www.marketresearchfuture.com/reports/digital-storage-devices-market-5884/]digital storage devices industry[/FURL] is carried out on the basis of type, application, storage, usage, and region. On the bases of type, the digital storage device market is segmented into optical disk drives, solid state drives, magnetic disk drives, flash storage, and others. The flash storage is additionally segmented into memory card and USB storage. Based on the application, the digital storage device market is segmented into laptops, smartphone, personal computers, networking, and others. By storage, the digital storage device market is segmented into 8-128 Gb, 512 Gb to 2 Tb, 128-512 Gb, up to 8 Gb, 2 Tb and above. Based on the usage, the digital storage device market is segmented into enterprise usage and individual usage. Based on the region, the digital storage device market is segmented into Europe, North America, Asia Pacific, and the rest of the world.