Digital Storage Technologies in a State of Flux, as Technology Advancements Trigger Massive Disruption, Unrest & Rebalancing
Huge erosions in shipments of 1 st generation optical disc storage devices and hard disk drive (HDDs) which make up 59% of the market’s technology mix is expected to drag down the global sales of Digital Storage Devices to reach 3.7 billion units by 2024 . By the end of the forecast period, solid state drive (SSDs) and flash drive based storage devices will take over the market supported by explosive growth in digital data generation and the ever-present demand for secure, faster and high capacity storage solutions suitable for rapidly growing data-driven applications. Data storage devices are hardware components that are utilized for storage, porting and extraction of data objects and files. As a core component of a computing device, data storage device functions as a storage medium that can be attached internally or externally to a server or a computer. Data storage devices are available in varied form factors including hard disk drives (HDD), Solid State Drives (SSD), optical...