Optical Data Storage Device Market Size, Share, Growth Report 2032

Optical Data Storage Device Market

Optical Data Storage Device Market - by Device Type (CD, DVDs, Erasable And Re-Writable Optical Discs, Near Field Optical Devices, Holographic Storage, High Definition DVD (HD-DVD), Blu-Ray Discs (BDs) and Others), and Application (Banking, Financial Services And Insurance (BFSI), Entertainment and Media, Manufacturing Industry, Educational Institutes, Healthcare, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-139 Published Date: Oct-2020 Status : Published
Market Size in 2019 Market Forecast in 2026 CAGR (in %) Base Year
USD 1,560 Million USD 2,250 Million 5.30% 2022

Optical Data Storage Device Market

According to the report published by Zion Market Research, global Optical Data Storage Device market was valued at approximately USD 1,560 million in 2019, and is expected to generate revenue of around USD 2,250 million by end of 2026, growing at a CAGR of around 5.30% between 2020 and 2026.

Global Optical Data Storage Device Market: Overview

Optical data storage is the storage of data which is readable through optical medium. Generally, data is written to optical media, such as CDs and DVDs. The data is written with laser for the purposes of backup or archival. Optical data storage devices are the devices that use laser beam to write or read data from any media.

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Global Optical Data Storage Device Market: Growth Factors

The growth of global optical data storage device market has been attributed to growing demand for high data storage capacity and growing usage of electronically stored data. Furthermore, growing need for high performance data servers and cloud data centres is expected to fuel growth of optical data storage devices market in coming years. Safety of the stored data, lesser space and low cost for storage as compared to the conventional data storage devices are some of the prominent factors behind the tremendous growth of these devices. However, optical storage rewritable formats suffer from compatibility issues between drives.

Report Scope:

Report Attributes Report Details
Report Name Optical Data Storage Device Market Size Report
Market Size in 2019 USD 1,560 Million
Market Forecast in 2026 USD 2,250 Million
Growth Rate CAGR of 5.30%
Number of Pages 188
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Sony Corporation, Western Digital Technologies, Moser Baer India Ltd. Samsung Electronics Co. Ltd., IBM Corporation, Seagate Technology PLC, LG Electronics Inc., Fujitsu Laboratories Ltd., Hitachi, Ltd., amongst others.
Segments Covered By Equipment Type,By Meat Type ,and By Region
Base Year 2018
Historical Year 2017 to 2021
Forecast Year 2019 - 2036
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Optical Data Storage Device Market: Segmentation

The report provides detailed segmentation of optical data storage devices market based on device type and application. The device type segment includes CD, DVDs, erasable and re-writable optical discs, near field optical devices, holographic storage, high definition DVD (HD-DVD), Blu-ray discs (BDs) and others. In term of application the market has been segmented under financial services and insurance (BFSI), entertainment and media, manufacturing industry, banks, educational institutes, healthcare and others.

Global Optical Data Storage Device Market: Regional Analysis

Major regional segments analysed in this study include North America, Europe, Asia Pacific, Latin America and Middle East. Asia-Pacific market is the fastest growing market due to the growing service sector and huge generation of tremendous amount of information.

Global Optical Data Storage Device Market: Competitive Players

  • Sony Corporation
  • Western Digital Technologies
  • Moser Baer India Ltd. Samsung Electronics Co. Ltd.
  • IBM Corporation
  • Seagate Technology PLC
  • LG Electronics Inc.
  • Fujitsu Laboratories Ltd.
  • Hitachi

Optical Data Storage Device Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Consumer have been using various data storage devices for expanding their data storing capacity for storing their photos, videos, files, etc. and offer backup for their smartphones, tablets, cameras, music players, etc. This has been one of the key growth driving factor for the Optical Data Storage Device Market.

According to the report published by Zion Market Research, global Optical Data Storage Device market was valued at approximately USD 1,560 million in 2019, and is expected to generate revenue of around USD 2,250 million by end of 2026, growing at a CAGR of around 5.3% between 2020 and 2026.

The Asia-Pacific Optical Data Storage Device market held a major share in the global Optical Data Storage Device market in 2019 and is expected to maintain the market dominance in years ahead, mainly due to significant growth in the consumption of consumer electronic devices which use optical data storage in their systems.

Some main participants of the Optical Data Storage Device market are Sony Corporation, Western Digital Technologies, Moser Baer India Ltd. Samsung Electronics Co. Ltd., and IBM Corporation.

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