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.
Report Highlights:
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 is Media & Entertainment Storage?
Media & entertainment storage refers to the specialized solutions used to store, manage, and access digital content in the media and entertainment industry. This storage is essential for handling vast amounts of data such as videos, audio, graphics, and other multimedia files. Through a combination of hardware and software, it enables the seamless editing, distribution, and archiving of content. 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?
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The rise in content creation, particularly in high-definition formats, requires advanced storage solutions to handle complex data management which represents one of the key factors driving the code of the market across the globe. With the proliferation of digital platforms and streaming services, there is a rise in media consumption, which is demanding more robust storage solutions. The market is also driven by innovations in storage technology, such as cloud computing and high-speed networking, which are enhancing the efficiency and capacity of storage systems. With the decrease in the cost of storage hardware and cloud services, adopting advanced storage solutions is becoming more accessible for various companies. Various regulations regarding data retention and security necessitate compliant storage solutions, which are contributing to the market growth. 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.
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
Market 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
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
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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