Media and Entertainment Storage Market by End-user, Storage Solution, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44870
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The media and entertainment storage market has the potential to grow by USD 10.40 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 12.46%.

This media and entertainment storage market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (broadcast, production and post-production, media agencies, advertising, and others), storage solution (network-attached storage, storage area network, and direct-attached storage), and geography (North America, Europe, APAC, South America, and MEA). The media and entertainment storage market report also offers information on several market vendors, including Amazon Web Services Inc., Cisco Systems Inc., Dell Technologies Inc., D-Link Corp., Hewlett Packard Enterprise Co., Hitachi Vantara LLC, International Business Machines Corp., Lenovo Group Ltd., Microsoft Corp., and Toshiba Corp. among others.

What will the Media and Entertainment Storage Market Size be in 2021?

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Media and Entertainment Storage Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing shift from traditional to digital advertising channels is notably driving the media and entertainment storage market growth, although factors such as a threat to data security may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the media and entertainment storage industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the media and entertainment storage market is the growing shift from traditional to digital advertising channels.
  • The digital medium is effective as it allows the posts and advertisements to be viewed without any constraints on locations.
  • The storage solutions used by the advertisers allow individuals to watch ads at any time.
  • Digital platforms of advertisement refresh the viewers' memories by posting ads on social media platforms, which spread awareness at the highest rate.
  • The rising penetration of the internet, coupled with the growing popularity of digital platforms, is driving the demand for digital advertising,
  • The rise in the popularity of 4K UHD content is another major factor supporting the media and entertainment storage market share growth.
  • The introduction of higher resolution TVs in the market has created opportunities for broadcasters and media organizations to enhance video quality.
  • Several market players are increasing their technology investments because of the growing popularity of 4K UHD content and its advantages.
  • The increasing demand for high-quality videos in terms of clarity has accelerated the demand for better media and entertainment storage solutions by the end-users such as production houses and broadcasters.

This media and entertainment storage market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Media and Entertainment Storage Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Amazon Web Services Inc.
  • Cisco Systems Inc.
  • Dell Technologies Inc.
  • D-Link Corp.
  • Hewlett Packard Enterprise Co.
  • Hitachi Vantara LLC
  • International Business Machines Corp.
  • Lenovo Group Ltd.
  • Microsoft Corp.
  • Toshiba Corp.

 

This statistical study of the media and entertainment storage market encompasses successful business strategies deployed by the key vendors. The media and entertainment storage market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The media and entertainment storage market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for the Media and Entertainment Storage Market?

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33% of the market’s growth will originate from North America during the forecast period. The US is the key market for media and entertainment storage in North America. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions.

The rapid increase in shifts from physical to digital platforms will facilitate the media and entertainment storage market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Media and Entertainment Storage Market?

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The media and entertainment storage market share growth by the broadcast segment will be significant during the forecast period. The global media and entertainment storage market by broadcast is likely to experience high growth, owing to the increase in the number of global and local broadcasters worldwide. This report provides an accurate prediction of the contribution of all the segments to the growth of the media and entertainment storage market size and actionable market insights on post COVID-19 impact on each segment.

 

Media and Entertainment Storage Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 12.46%

Market growth 2021-2025

$ 10.40 billion

Market structure

Fragmented

YoY growth (%)

12.05

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 33%

Key consumer countries

US, China, UK, Germany, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Amazon Web Services Inc., Cisco Systems Inc., Dell Technologies Inc., D-Link Corp., Hewlett Packard Enterprise Co., Hitachi Vantara LLC, International Business Machines Corp., Lenovo Group Ltd., Microsoft Corp., and Toshiba Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Media and Entertainment Storage Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive media and entertainment storage market growth during the next five years
  • Precise estimation of the media and entertainment storage market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the media and entertainment storage industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of media and entertainment storage market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The media and entertainment storage market growth will increase by $5856.00 million during 2019-2024.
The media and entertainment storage market is expected to grow at a CAGR of 8.23% during 2019-2024.
Technavio has segmented the media and entertainment storage market by end user (Broadcast, Production and post-production, Media agencies, Advertising, and Others) ,other1 (Network-attached storage, Storage area network, and Direct-attached storage) , and geographic (North America, Europe, APAC, South America, and MEA).
Amazon.com Inc., Cisco Systems Inc., Dell Technologies Inc., D-Link Corp., Hewlett Packard Enterprise Co., Hitachi Vantara LLC, International Business Machines Corp., Lenovo Group Ltd., Microsoft Corp., Toshiba Corp. are a few of the key vendors in the media and entertainment storage market.
North America will register the highest growth rate of 33.21% among the other regions. Therefore, the media and entertainment storage market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the media and entertainment storage market growth are:
  • Growing shift from traditional to digital advertising channels
The media and entertainment storage market vendors should focus on grabbing business opportunities from the broadcast segment as it accounted for the largest market share in the base year.
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