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Optical Data Storage Device Market: Global Industry Size, Share Analysis and Forecast 2015 – 2021

Monday, October 10, 2016 3:06
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(Before It's News)

Optical data storage is the storage of data which is readable through an optical medium. Generally, data is written to optical media, such as CDs and DVDs. The data is written with the laser for the purposes of backup or archival. Optical data storage devices are the devices that use the laser beam to write or read data from any media.

The growth of global optical data storage device market has been attributed to growing demand for high data storage capacity and growing usage of electronically stored data. Furthermore, growing need for high-performance data servers and cloud data centers is expected to fuel the growth of the optical data storage devices market in coming years. Safety of the stored data, lesser space and low cost for storage as compared to the conventional data storage devices are some of the prominent factors behind the tremendous growth of these devices. However, optical storage rewritable formats suffer from compatibility issues between drives.

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The report covers forecast and analysis for the optical data storage devices market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD Million).  To understand the competitive landscape of the market, an analysis of Porter’s Five Forces model for the optical data storage devices market has also been included in the study. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period. The study encompasses a market attractiveness analysis, wherein device type and application segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides detailed segmentation of optical data storage devices market based on device type and application. The device type segment includes CD, DVDs, erasable and re-writable optical discs, near-field optical devices, holographic storage, high-definition DVD (HD-DVD), blu-ray discs (BDs) and others. In term of application, the market has been segmented under financial services and insurance (BFSI), entertainment and media, manufacturing industry, banks, educational institutes, healthcare, and others.

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Major regional segments analyzed in this study include North America, Europe, Asia-Pacific, Latin America and the Middle East. The Asia-Pacific market is the fastest growing market due to the growing service sector and huge generation of the tremendous amount of information.

Key players profiled in the report include Sony Corporation, Western Digital Technologies, Moser Baer India Ltd. Samsung Electronics Co. Ltd. and IBM Corporation amongst others.

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The report segments of global optical data storage devices market as follows:

Optical Data Storage Devices Market: Device Type Segment Analysis

  • CD & DVDs,
  • Erasable and re-writable optical discs
  • Near-field optical devices
  • Holographic storage
  • High definition DVD (HD-DVD)
  • Blu-ray discs (BDs) 
  • Others

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Optical Data Storage Devices Market: Application Segment Analysis

  • Financial services and insurance (BFSI)
  • Entertainment and media
  • Manufacturing industry
  • Banks
  • Educational institutes
  • Healthcare
  • Others

Optical Data Storage Devices Market: Regional Segment Analysis

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

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