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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 share are expected to increase by USD 10.40 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 12%.

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 media and entertainment storage market segmentation by end-user (broadcast, production and post-production, media agencies, advertising, and others) and geography (North America, Europe, APAC, South America, and MEA). The media and entertainment storage market report also offer 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 During the Forecast Period?

Media and Entertainment Storage Market Size

Download Report Sample to Unlock the Media and Entertainment Storage Market Size for the Forecast Period and Other Important Statistics

 

Media And Entertainment Storage Market: Key Drivers, Trends, and Challenges

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 threat to data security may impede 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.

Key Media And Entertainment Storage Market Driver

The growing shift from traditional to digital advertising channels is one of the key factors driving the growth of the global media and entertainment storage market. There has been a shift in preference from the traditional medium of advertising to the digital medium because of the effectiveness of the digital medium that allows the posts and advertisements to be viewed without any constraints on locations. This is possible as the storage solutions used by the advertisers allow individuals to watch ads at any time. Traditional ads through print media have a lower brand recall, as they turn less effective with time. However, the use of digital platforms for advertisements refreshes the viewers' memories by posting ads on social media platforms, which spread awareness at the highest rate. Moreover, The rising penetration of the Internet, coupled with the growing popularity of digital platforms, has driven the demand for digital advertising, making it one of the most vital forms of advertising. The total revenue from digital advertising has witnessed a surge and is expected to grow at a significant pace during the forecast period. It is anticipated that the total revenue from digital advertising will reach more than $350 billion by 2022 globally.

Key Media And Entertainment Storage Market Trend

The high broadcasting cost will fuel the global media and entertainment storage market growth. The advent of 4K2K TVs has created quite a stir in the market because of the picture clarity and resolution. Despite the superior attributes of 4K2K TVs, producing a 4K UHD channel requires substantial investment. For instance, the cost incurred by broadcasters to develop a 4K UHD channel ranges from $9 million to $16 million, which is approximately five times the cost of developing an HD channel. In addition, upgrading the existing equipment and infrastructure requires high capital investment. Because of high broadcasting costs, there are only a limited number of broadcasters, such as Netflix and Amazon, who offer 4K content streaming. However, broadcasting and media organizations are forming alliances with several consumer electronics companies to promote 4K content, which will aid in the penetration of 4K2K TVs in the market. With the growth in 4K UHD content and supporting video displays, such as 4K2K TVs, the adoption rate of storage systems is expected to increase owing to the higher storage capacity required by this type of content.

Key Media And Entertainment Storage Market Challenge

Threats to data security are a major challenge for the global media and entertainment storage market growth. The music streaming industry is largely dependent on digital networks and the Internet, which are prone to data security and licensing issues. The streaming service providers are concerned about the misuse of digital rights during streaming since vulnerabilities, such as human errors or a data breach, can lead to the disclosure of confidential information. The streaming platform is hosted across various platforms, which increases security threats since there is a high probability of data leakage and misuse while navigating from one platform to another. As the data contain sensitive information about users and publishers, it is imperative for online music streaming vendors to adhere to complex licensing procedures and comply with strict guidelines to monitor data security efficiently. These vendors also face the risk of potential damage to their reputation and consumer confidence in them in the case of a leakage or misuse of confidential information. Therefore, the growing threat of data security is expected to hinder the revenue inflow of streaming services and storage solution providers.

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.

Parent Market Analysis

Technavio categorizes the global media and entertainment storage market as a part of the global consumer electronics market within the global household durables market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the media and entertainment storage market during the forecast period.

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 organic and inorganic growth strategies to compete in the market

Product Insights and News

  • Amazon Web Services Inc.  - The company offers media and entertainment solutions with features such as video production, studio storage, data transfer, and more.

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.

Media And Entertainment Storage Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the media and entertainment storage market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global household durables market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

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

Media and Entertainment Storage Market Share by Geography

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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 market in North America. Market growth in this region will be slower than the growth of the market in regions.

The growing shift from traditional to digital advertising channels 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.

COVID Impact and Recovery Analysis

The market in the region grew further during the COVID-19 pandemic in 2020. The pandemic led to the imposition of lockdown restrictions. A majority of the population was asked to work remotely, and the demand for streaming videos and broadcasting services increased significantly. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.

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

Media and Entertainment Storage Market Share

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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 during the forecast period. This growth is primarily because of the increase in the number of global and local broadcasters worldwide. With the help of media storage solutions, broadcasters are successfully able to offer media streaming services to the vast population.

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%

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

Key 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 recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data 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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Broadcast - Market size and forecast 2020-2025
    • Production and post-production - Market size and forecast 2020-2025
    • Media agencies - Market size and forecast 2020-2025
    • Advertising - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Market Segmentation by Storage solution

    • Market segments
    • Comparison by Storage solution
    • Network-attached storage - Market size and forecast 2020-2025
    • Storage area network - Market size and forecast 2020-2025
    • Direct-attached storage - Market size and forecast 2020-2025
    • Market opportunity by Storage solution

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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
      Interested in this report?
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      Media and Entertainment Storage market growth will increase by $10401.04 million during 2021-2025.
      The media and entertainment storage market is expected to grow at a CAGR of 12.46% during 2021-2025.
      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 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. are a few of the key vendors in the media and entertainment storage market.
      North America will register the highest growth rate of 33.46% 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.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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