IMARC Group, a leading market research company, has recently releases report titled “Media & Entertainment Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global media & entertainment storage market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the media & entertainment storage market?
The global media & entertainment storage market size reached US$ 9.40 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.71 Billion by 2028, exhibiting a growth rate (CAGR) of 12.85% during 2023-2028.
What are media & entertainment storage?
Media & entertainment storage pertains to the dedicated solutions employed for the storage, control, and retrieval of digital content within the media and entertainment sector. This storage infrastructure is indispensable for managing extensive volumes of data encompassing videos, audio, visuals, and assorted multimedia files. By harnessing a fusion of hardware and software, it facilitates smooth content editing, dissemination, and archival processes. Media & entertainment storage systems must provide high performance and scalability to meet the demanding needs of content creation and delivery. They often use technologies like cloud storage and high-speed networking to ensure efficiency and flexibility.
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What are the growth prospects and trends in the media & entertainment storage industry?
The surge in content generation, particularly in high-definition formats, necessitates sophisticated storage solutions to effectively manage intricate data requirements. This stands as a pivotal factor propelling the momentum of the market worldwide. Concurrently, the expansion of digital platforms and streaming services has triggered heightened media consumption, spurring the demand for more resilient storage solutions.
Furthermore, the market is propelled by inventive strides in storage technology, including cloud computing and high-speed networking, which are elevating the effectiveness and capacity of storage systems. As the expenses associated with storage hardware and cloud services decrease, the adoption of advanced storage solutions is becoming more accessible for diverse enterprises. Additionally, the presence of diverse regulations governing data preservation and security underscores the necessity for compliant storage solutions, thereby contributing to the growth of the market.
The expansion of media and entertainment companies into new markets requires scalable storage solutions that handle varied content types and languages. The integration of artificial intelligence and data analytics in the media industry requires sophisticated storage infrastructure which is creating a positive outlook for the market across the globe.
Who are the key players operating in the industry?
The report covers the major market players including:
- Amazon Web Services Inc. (Amazon.com Inc.)
- Cisco Systems Inc.
- Dell Technologies Inc.
- International Business Machines Corporation
- Microsoft Corporation
- NetApp Inc.
- Seagate Technology LLC
- Western Digital Corporation
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Storage Solution:
- Direct-attached Storage
- Network-attached Storage
- Storage Area Network
Breakup by Deployment Mode:
- On-premises
- Cloud-based
- Hybrid
Breakup by Storage Medium:
- HDD
- SSD
- Digital Type
- Others
Breakup by End User:
- Broadcast
- Production and Post-Production
- Media Agencies
- Advertising
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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