Personal and Entry Level Storage (PELS) Market Size & Share Analysis - Industry Research Report

Q: Which region held the largest market share in the market in 2021?

Asia Pacific held the largest share in the market in 2021. Read more

Personal and entry-level storage (PELS) offers storage data facility for all the information, which is generated on a daily basis. Enter-level flash storage is simple, smart, affordable, secure, and high-performance for enterprises to start small and grow with cloud-connectivity. There are different types of data storage systems and technologies available for this purpose. Some important data storage systems include hard disks, solid-state drives, flash memories, and CDs, and DVDs among others. Its applications include digital photography, MP3 audio, and MPEG videos, web television, etc.

The global personal and entry level storage (PELS) market is estimated to account for US$ 546.7 Mn in terms of value by the end of 2030

Recent Developments:

In September 2021, Toshiba Corporation, a technology company, introduced the OCZ TL100 SATA solid-state drive (SSD) series. This new series is intended for entry-level customers with conventional hard disc drive (HDD) storage and offers SSD performance at an attractive price point, seeking an affordable upgrade solution.

Restraint:

Issues regarding data security are expected to hinder the global personal and entry level storage (PELS) market growth over the forecast period
Lesser lifespan of HDDs is expected to restrain growth of the global personal and entry level storage (PELS) market during the forecast period

Personal And Entry Level Storage (PELS) Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2021:	US$ 61.9 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	36.9 %	2030 Value Projection:	US$ 546.7 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:	By Product Type: Recordable Discs, Flash Drives, Hard Disk Drives (HDDs), Solid State Drives (SSDs), Cloud Based Storage. By Technology: SAS, DAS, NAS, Cloud Storage Technology, Others (IP based storage, fiber channel storage, etc.). By Application: Financial Services, Media and Entertainment, Healthcare and Life Sciences, Public Sector, Others (Communications, Internet Services, etc)
Companies covered:	IBM Corporation, Cisco Systems Inc., EMC Corporation, Symantec Corporation, NetApp Inc., Hitachi Data Systems (HDS), Hewlett-Packard Company, Toshiba Corporation, Dell Inc., Seagate Technology, and Western Digital Corporation.
Growth Drivers:	Low equipment cost required is expected to drive growth of the global personal and entry level storage (PELS) market during the forecast period Growing awareness towards data storage is expected to propel the global personal and entry level storage (PELS) market growth over the forecast period
Restraints & Challenges:	Issues regarding data security are expected to hinder the global personal and entry level storage (PELS) market growth over the forecast period Lesser lifespan of HDDs is expected to restrain the growth of the global personal and entry level storage (PELS) market during the forecast period

Global Personal And Entry Level Storage (PELS) Market - Impact of Coronavirus (Covid-19) Pandemic:

Due to the Covid-19 pandemic, many industries witnessed a significant shift in their business. Media consumption witnessed a substantial increase due to lockdowns enforced in several countries across the globe to contain the spread of the covid-19 pandemic.

As consumers were forced to stay at home and the demand for popular OTT services from providers such as Netflix, Amazon Prime, etc. increased. The high adoption of internet media and online gaming created a huge amount of data and fulfilled the storage requirements of companies using various types of data storage systems. All such factors have shown significant increases in the demand for personal and entry-level storage (PELS).

Figure 1: Global Personal And Entry-Level Storage Market Share (%), By Region, 2021

PERSONAL AND ENTRY LEVEL STORAGE (PELS) MARKET

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Asia Pacific held a dominant position in the global personal and entry-level storage (PELS) market in 2021

Statistics:

Asia Pacific held a dominant position in the global personal and entry-level storage (PELS) market in 2021, accounting for a 49.3% share in terms of value, followed by Europe and North America respectively

Figure 2: Global Personal And Entry-Level Storage (US$ Mn) Analysis and Forecast, 2017- 2030

PERSONAL AND ENTRY LEVEL STORAGE (PELS) MARKET

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The global personal and entry-level storage (PELS) market was valued at US$ 61.9 Mn in 2021 and is expected to reach US$ 546.7 Mn by 2030, growing at a CAGR of 36.6% between 2022 and 2030.

Major players operating in the global personal and entry-level storage (PELS) market are IBM Corporation, Cisco Systems Inc., EMC Corporation, Symantec Corporation, NetApp Inc., Hitachi Data Systems (HDS), Hewlett-Packard Company, Toshiba Corporation, Dell Inc., Seagate Technology, and Western Digital Corporation.

Frequently Asked Questions

The global personal and entry-level storage (PELS) market is expected to reach US$ 546.7 million by 2030.

The market is expected to witness a CAGR of 36.6% during the forecast period (2022-2030).

Major factor driving the growth of the market during the forecast period is low cost is required

Cloud-based storage segment held the major market share in 2021 owing to rising security concerns.

Asia Pacific held the largest share in the market in 2021.

Key players operating in the market are IBM Corporation, Cisco Systems Inc., EMC Corporation, Symantec Corporation, NetApp Inc., Hitachi Data Systems (HDS), Hewlett-Packard Company, Toshiba Corporation, Dell Inc., Seagate Technology, and Western Digital Corporation.