Increasing popularity of 4K UHD content, increasing demand for creating, distributing and converting video content, increasing shift from traditional advertising channels to digital advertising channels, rapid advancements in areas such as streaming collaboration work, artistic creativity and new distribution models across the media and entertainment industry and the surge in demand for multimedia and entertainment storage due to the COVID-19 pandemic are driving the growth of the global market for multimedia and entertainment storage.
Portland, OR, June 23, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the multimedia and entertainment storage market was pegged at $ 6.63 billion in 2019 and is expected to reach $ 17.87 billion by 2027, registering a CAGR of 13.7% from 2020 to 2027. The report provides in-depth analysis of the best pockets of investment , top winning strategies, drivers and opportunities, market size and estimates, competitive landscape and changing market trends.
Increasing popularity of 4K UHD content, increasing demand for creating, distributing and converting video content, increasing shift from traditional advertising channels to digital advertising channels, rapid advancements in areas such as streaming collaboration work, artistic creativity and new distribution models across the media and entertainment industry and the surge in demand for multimedia and entertainment storage due to the COVID-19 pandemic are driving the growth of the global market for multimedia and entertainment storage. On the other hand, the high cost of multimedia storage and entertainment solutions hinders growth to some extent. However, the increased demand for storage needs is expected to create multiple opportunities in the near future.
Download a sample report (150 PDF pages with Insights) at
Global delivery adapts to disruptions in the content supply chain.
However, on the other hand, the majority of the population across the world are being seized from their homes in order to meet quarantine warrants. This, in turn, has led to a sharp increase in the demand for streaming services and DVR recordings, thereby positively impacting the global media storage and entertainment market. This drift should also persist after the pandemic.
Get a detailed analysis of the impact of COVID-19 on the multimedia and entertainment storage market:
The global multimedia and entertainment storage market is analyzed by component, storage solution, type of deployment, storage medium, end user, and region. By component, the solutions segment contributed more than three-fifths of the global media and entertainment storage market share in 2019 and is expected to lead the way by 2027. The services segment, on the other hand, would register the CAGR fastest 15.5% during the forecast period.
Based on the storage solution, the direct-attached storage segment generated more than two-fifths of the global media and entertainment storage market revenue in 2019 and is expected to maintain its dominance by the end of 2027. In At the same time, the grid-connected storage segment would register the fastest CAGR of 16.9% throughout the forecast period.
Based on region, North America held the highest share in 2019, generating about two-fifths of the global multimedia and entertainment storage market. Simultaneously, Asia-Pacific market reportedly cites fastest CAGR of 18.4% from 2020 to 2027. Other provinces discussed in the report include Europe and LAMEA.
The major market players analyzed in the Global Multimedia and Entertainment Storage Market report include Cisco Systems, Western Digital, Dell EMC, IBM, Microsoft, NetApp, Oracle, Seagate Technology, Toshiba, and Amazon Web Services. These market players have adopted different strategies including partnership, expansion, collaboration, joint ventures and others to strengthen their status in the industry.
For a purchase request: https://www.alliedmarketresearch.com/purchase-enquiry/9107
Access AVENUE – A subscription-based library (premium on-demand, subscription-based pricing model) at:
street is a user-based library of global market reports database, provides comprehensive reports regarding the world’s largest emerging markets. It further provides electronic access to all available industry reports a snap. By providing essential business information on various industries, economies and end users around the world, Avenue ensures that registered members have a simple and one-stop gateway to their all-inclusive needs.
Avenue Library Subscription | Request 14-day free trial before purchasing:
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of âmarket research reportsâ and âbusiness intelligence solutionsâ. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is extracted through primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.
CONTACT: Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: 1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 firstname.lastname@example.org Web: https://www.alliedmarketresearch.com Follow Us on: LinkedIn Twitter