Market Highlights

Based on the search results, portable data storage refers to any product that can capture, hold, transfer, and release digital data, and can be easily moved from one device to another. Examples of portable data storage devices include flash drives/USB drives, external hard drives, memory cards, and portable solid-state drives (SSDs).

Global 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.

These devices are typically used to transfer and store files such as documents, images, music, and videos. They offer an easy way to store and carry large amounts of data, allowing users to access their important files whenever and wherever they need them. Some popular portable data storage brands and products include Western Digital Elements Desktop Hard Drive 3, Crucial X6 Portable SSD, SanDisk Extreme Portable SSD 3, OWC Envoy Pro, memory sticks, and external hard drives.

It is important to ensure that your portable data storage devices are protected from data loss 24, damage, or theft, as they may contain sensitive information. Therefore, it is recommended to keep backup copies of important data so that they can be easily restored in case of accidental loss or corruption.

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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. 

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.

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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 2027

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