The personal and entry level storage (pels) global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Personal And Entry Level Storage (PELS) Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The personal and entry level storage (PELS) market size has grown exponentially in recent years. It will grow from $29.38 billion in 2023 to $39.70 billion in 2024 at a compound annual growth rate (CAGR) of 35.1%. The growth in the historic period can be attributed to rising need for digital storage solutions propels market growth, increasing digitalization, proliferation of smartphones and tablets, internet of things (iota) devices, expansion of e-commerce.
The personal and entry level storage (PELS) market size is expected to see exponential growth in the next few years. It will grow to $133.28 billion in 2028 at a compound annual growth rate (CAGR) of 35.4%. The growth in the forecast period can be attributed to growing awareness towards data storage, growing demand for portable storage, cloud storage adoption, increasing use of high-definition content, development of edge computing. Major trends in the forecast period include technological advancements in storage solutions, subscription-based storage services, integration with mobile devices, shift towards wireless connectivity, storage capacities.
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Scope Of Personal And Entry Level Storage (PELS) Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Personal And Entry Level Storage (PELS) Market Overview
Market Drivers –
The growing demand for cloud computing services is expected to propel the growth of the personal and entry-level storage (PELS) market going forward. Cloud computing services refer to delivering hosted computing services and IT resources over the Internet with pay-as-you-go pricing. The demand for cloud computing services is increasing due to flexibility, accessibility, data security, and reliability. Cloud computing services enhance personal and entry-level storage (PELS) by providing scalable, accessible, cost-effective storage solutions with data backup, recovery, and collaboration features. For instance, in December 2023, according to Eurostat, a Luxembourg-based statistical office of the European Union, 42.5% of European Union businesses purchased cloud computing services, primarily for office software, file storage, and email. Further, in 2023, there was a 4.2 percentage point increase in the share of European Union firms purchasing cloud computing services compared to 2021. Therefore, the growing demand for cloud computing services is driving the growth of the personal and entry-level storage (PELS) market.
Market Trends –
The major companies operating in the personalized learning market are focusing on integrating artificial intelligence into personalized learning to provide students with hyper-personalized and compelling learning experiences. Artificial intelligence (AI) in personalized learning refers to the use of AI technologies to tailor educational experiences to meet the individual needs, preferences, and learning styles of students. For instance, in June 2023, BYJU’S, an India-based educational technology company, BYJU’S WIZ to provide students with personalized learning experiences using generative artificial intelligence (AI). The WIZ suite offers three AI transformer models, including BADRI, MathGPT, and TeacherGPT. Badri is a predictive AI model that identifies a student’s strengths and weaknesses at a granular level. MathGPT offers accurate solutions for complex math challenges, and TeacherGPT provides personalized guidance to students. This trio of AI models boasts an impressive 90% accuracy rate in predicting a student’s knowledge state, adeptly pinpointing misconceptions, learning gaps, or errors along the educational path.
The personal and entry level storage (PELS) market covered in this report is segmented –
1) By Product: Cloud, Non-Cloud
2) By Technology: Serial Attached Scsi (Sas), Direct Attached Storage (Das), Network Attached Storage (Nas), Cloud Storage Technology, Other Technologies
3) By End-Use Industry: Financial Services, Media And Entertainment, Healthcare And Life Sciences, Public Sector, Other End-Use Industries
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Regional Insights –
North America was the largest region in the personal and entry level storage (PELS) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the personal and entry level storage (PELS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the personal and entry level storage (PELS) market are Samsung Electronics Co. Ltd., Dell Technologies Inc., Hitachi Ltd., Intel Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Broadcom Inc., Fujitsu Limited, Micron Technology, Hewlett Packard Enterprise Company, Toshiba Corporation, Western Digital Corporation, Asustek Computer Inc., Seagate Technology Holdings plc, NetApp Inc., Pure Storage Inc., Nutanix Inc., ADATA Technology Co. Ltd., Netgear Inc., PNY Technologies Inc., Tintri Inc., DataCore Software, Drobo Inc., Kingston Technology Company Inc., Scality Inc., Apricorn Inc., Glyph Production Technologies, TerraMaster Technology Co. Ltd., Thecus Technology Corporation
Table of Contents
1. Executive Summary
2. Personal And Entry Level Storage (PELS) Market Report Structure
3. Personal And Entry Level Storage (PELS) Market Trends And Strategies
4. Personal And Entry Level Storage (PELS) Market – Macro Economic Scenario
5. Personal And Entry Level Storage (PELS) Market Size And Growth
…..
27. Personal And Entry Level Storage (PELS) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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