Personal and Entry Level Storage Market Synopsis:

Personal and Entry Level Storage (PELS) refers to a category of data storage systems designed for personal and small-scale use by individuals and small to medium-sized businesses . Such storage systems are typically designed to be affordable, scalable, and easy to use. Examples of PELS systems include non-cloud-based storage systems, cloud-based storage systems, and network-attached storage systems. The PELS market is expected to grow at a lucrative rate due to the continuous increase in the amount of data being generated by individuals and organizations  and the need to store and manage this data in an efficient and cost-effective way. Industries such as healthcare, banking, and government are expected to see significant growth in their PELS usage due to regulatory and compliance requirements.

Personal and Entry Level Storage (PELS) Market Size will register a CAGR of 38.20%, The market expands up to USD 523 Billion during 2022-2030

Major Key Players:

Key players profiled in the global personal and entry level storage market report include Symantec Corporation (US), Seagate Technology (US), Western Digital Corporation (US), Cisco Systems, Inc. (US), Scality, Inc. (US), Simplivity Corp. (US), Tintri, Inc. (US), Nutanix, Inc. (US), Pure Storage, Inc. (US), Toshiba Corporation (Japan), IBM Corporation (US), Hitachi Ltd. (Japan), NetApp, Inc. (US) , Hewlett Packard Enterprise (HPE) Company (US) , and Dell Inc. (US). 

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 Market Segmentation:

The MRFR report provides an inclusive segmental analysis of the global personal and entry level storage market based on vertical, technology, storage system, and product. 

By component, the global personal and entry level storage market is segmented into non-cloud storage and cloud-based storage. Of these, the non-cloud storage will lead the market over the forecast period. 

By storage system, the global personal and entry level storage market is segmented into software-defined storage (SDS), unified storage, network-attached storage (NAS), cloud storage, and direct-attached. Of these, the NAS segment will dominate the market over the forecast period while the cloud storage segment is predicted to grow at a high CAGR. 

By technology, the global personal and entry level storage market is segmented into solid-state storage and magnetic storage. Of these, the solid-state storage segment is predicted to have a major share over the forecast period. 

By vertical, the global personal and entry level storage market is segmented into business and consulting, manufacturing, media and entertainment, education and research, government and defense, utilities, healthcare and life science, telecommunications and IT, consumer goods and retail, financial services and insurance (BFSI), banking, and others. Of these, the media and entertainment segment will have a major share in the market over the forecast period and the healthcare segment will grow at the highest CAGR. 

Regional Analysis:

Based on region, the personal and entry level storage market report covers the recent trends and growth opportunities across North America, the Asia Pacific (APAC), Europe, & the Rest of the World (RoW). Of these, North America will lead the market over the forecast period. The presence of several personal and entry level providers is adding to the global personal and entry level storage market growth in the region. The US has the maximum share in the market but is likely to face some challenges to boost their total carbon footprint owing to a shortage of eco-friendly storage solutions. 

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 The personal & entry level storage market in Europe is predicted to hold the second-largest share over the forecast period. High internet reach is leading in excess volume of digital data generation that is boosting the personal and entry level storage market growth in the region. The UK and France have a maximum share in the market. 

The personal & entry level storage market in the APAC region is predicted to grow at a fast pace over the forecast period. Increasing adoption in South Korea, India, Singapore, China, and Japan is adding to the personal and entry level storage market growth in the region. 

The global personal and entry level storage market in the MEA is predicted to have healthy growth over the forecast period. Affordable cost, the high volume of digital data, and increasing internet penetration are adding to the personal and entry level market growth in the region. Besides, these regions are predicted to provide vendors with ample opportunities as most countries have not adopted personal and entry level storage yet. 

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