Global Personal and Entry Level Storage (PELS) Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028

Personal and Entry Level Storage (PELS) Market: Overview

The Personal and Entry-Level Storage Market was valued at $21.40 million in 2021 & is projected to reach $54.52 million by 2027. It is expected to grow at a 12.4% CAGR between 2021 and 2027.

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Personal and entry-level storage is a device able to store data and all information that is generated on daily basis. Personal and entry-level storage can give access to data as per requirement.

Increasing industrialization especially in the IT and telecom industry resulted in high data generation per day which is required to be stored and managed in a proper way in order to use in the future is a major factor expected to drive the growth of the global personal and entry-level storage market.

In addition, increasing data loss cases in various industries and huge demand for data backup for security are other factors expected to drive the growth of the global personal and entry-level storage market.

Moreover, the cost related to this storage system is very low as compared to other devices thus encouraging end-users to use these storage systems is another factor expected to boost the growth of the global personal and entry-level storage market.

In addition, PELS can offer various benefits such as easy carry, easy access, and data storage are factors projected to drive the growth of the global personal and entry-level storage market.

High adoption of internet media and online gaming are creating a huge amount of data and to fulfill data storage and rising demand from small-sized companies using various types of data storage systems are factors anticipated to drive the growth of the global personal and entry-level storage market.

However, issues related to data loss resulted in a decline in usage of this storage system, which is a major factor projected to hamper the growth of the global personal and entry-level storage market.

Personal and Entry Level Storage (PELS) Market: Segment Analysis

Among service segments, the hard disk drives (HDD) for the PELS segment are expected to account highest revenue share in the global personal and entry-level storage market.

Various benefits offered by HDD such as low cost with huge storage space are a factor expected to drive the growth of this segment.

However, HDD is being replaced by solid-state drivers (SDD) as it provides fast data transferring operation, portability, and silent operations is a factor expected to show significant revenue growth in the SDD segment in coming years.

Personal and Entry Level Storage (PELS) Market: Region Analysis

The North American market is projected to account for the highest revenue share in the global personal and entry-level storage market.

Rapid growth in the entertainment industry in countries in North America is a major factor expected to drive the growth of the target market in North America.

In addition, the growing usage of social media and online platforms for various applications in countries in this region is a factor expected to support the growth of the target market in North America.

Personal and Entry Level Storage (PELS) Segmentation:

Segmentation by Service:

• Non-cloud based storage
• Recordable Discs for PELS
• Flash Drives for PELS
• Hard Disk Drives (HDD) for PELS
• Solid State Drives (SSD) for PELS
• Cloud-based storage for PELS

 Segmentation by Data Storage Technology:

• Serial Attached SCSI (SAS)
• Direct Attached Storage (DAS)
• Network Attached Storage (NAS)
• Cloud-Based Storage
• Others (IP Based Storage and Fiber Channel Storage)

Segmentation by Industry Verticals:

• Financial Services
• Healthcare and Life Sciences
• Media and Entertainment
• Public Sector
• Others (Communication and Internet Services)

Segmentation by Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa