Global Media and Entertainment Storage Market 2023-2027

Global Media and Entertainment Storage Market 2023-2027
Technavio has been monitoring the media and entertainment storage market and is forecast to grow by USD 13663.58 mn during 2022-2027, accelerating at a CAGR of 12.9% during the forecast period. Our report on the media and entertainment storage market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing shift from traditional to digital advertising channels, rise in popularity of 4k ultra-high-definition (UHD) content, and increase in demand for live videos.

Technavio's media and entertainment storage market is segmented as below:

By End-userBroadcastProduction and post-productionMedia agenciesAdvertisingOthersBy SolutionNetwork-attachedStorage area networkDirect-attached storageBy Geographical LandscapeNorth AmericaEuropeAPACSouth AmericaMiddle East and AfricaThis study identifies the high broadcasting cost as one of the prime reasons driving the media and entertainment storage market growth during the next few years. Also, the growing popularity of virtual reality (VR) and 360-degree videos and the popularity of cloud-based music streaming services will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the media and entertainment storage market covers the following areas:Media and entertainment storage market sizingMedia and entertainment storage market forecastMedia and entertainment storage market industry analysisTechnavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading media and entertainment storage market vendors that include Adobe Inc., Alphabet Inc., Cisco Systems Inc., CK Birla Group, D Link Corp., Dell Technologies Inc., Hewlett Packard Enterprise Co., Hitachi Ltd., International Business Machines Corp., Lenovo Group Ltd., Microsoft Corp., NetApp Inc., NVIDIA Corp., Oracle Corp., Pure Storage Inc., Seagate Technology Holdings Public Ltd. Co., Toshiba Corp., Wasabi Holding Co. Inc., Western Digital Corp., and Amazon.com Inc. Also, the media and entertainment storage market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.