Market Highlights

Portable data storage (PDS) market size occupied a market value of about USD 3 billion during the market forecast period where it is expected to project at a USD value of about USD 3 billion at a CAGR 21.10% by the end of the market forecast 2021-2030.

When choosing a portable data storage device, it is important to consider factors such as storage capacity, transfer speeds, durability, and compatibility with different devices and operating systems. There are also security features such as encryption and password protection that can help protect sensitive data from unauthorized access or theft.

Overall, portable data storage devices are an essential component of modern computing 12, allowing users to easily store and transport large amounts of digital data in a convenient and mobile format.

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Segmentation:

The segment assessment of the global portable data storage market are file formatting, type, and memory.

By type based segments of the global portable data storage market are USB storage, flash storage, external CD/DVD drives, and external hard drives among other. The memory based segments of the portable data storage global market are 256 GB to 1TB, below 256 GB, and above 1 TB. The file formatting based segments of the portable data storage market are FAT32 and NTFS.

The advent of modern technologies to track, process, and manage massive amount of data generate from different businesses can bolster the expansion of the portable data storage market in the years to come. The centralized access of data offered by portable data storage devices is creating high popularity across large and small enterprises, which can impel the expansion of the regional market in the years to come. Effectiveness, scalability, and low-cost storage solution benefits of portable data storage market can also support the expansion of the market in the years to come. 

Regional Analysis

The portable data storage market is studied across Europe, North America, and Asia Pacific, following MEA. North America portable data storage market is likely to experience a significant expansion across the analysis period. The rise of the portable data storage market in the North America region can be attributed to high technical advancements and well-established infrastructure.

The rise in data generation from data centers and from consumer devices that are connected to the internet are creating the need for portable data storage. This can prompt the expansion of the regional data storage market in the years to come. In Asia Pacific, the increased application of data portable storage devices and the presence of a high number of producers can bolster the expansion of the regional market. In EU, governments are investing considerably in data storage technologies to enhance existing storage infrastructure and avail improved operation and production processes. The introduction of better data storage technologies can bolster the expansion of the market in the years ahead. 

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 Key Players

These players of the portable data storage market is identified by origin, regional presence, recent developments, industry expertise, and product diversification. Toshiba Corporation (Japan), Western Digital Corporation (US), Transcend Information Inc (Taiwan), Samsung Electronics Co. Ltd (South Korea), Seagate Technology PLC (US), Kingston Technology Corporation (US), Sony Corporation (Japan), Buffalo Americas Inc. (US), ADATA Technology Co. Ltd (Taiwan), HP Inc. (US), MicroNet Technology (US)(Fantom Drives), Patriot Memory (US), PNY Technologies (US), Dell Inc. (US), and AsusTek Computer Inc (Taiwan)  are some key players that are likely to contribute significantly to portable data storage market as listed by MRFR.

Portable Data Storage Market Research Report: Information by Type (Flash Storage, USB Storage, External Hard Drives, and External CD/DVD Drives), Memory (Below 256 GB, 256 GB to 1TB, and Above 1 TB), File Formatting (NTFS and FAT32), and Region (North America, Europe, Asia-Pacific, South America, Middle East Africa)—Forecast till 2030

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