Market Insight-Global Optical Data Storage Devices Market Overview
Global Optical Data Storage Devices Market Size was estimated at USD 5817.97 million in 2021 and is projected to reach USD 14958.84 million by 2028, exhibiting a CAGR of 16.06% during the forecast period– Bossonresearch.com
Due to the rapid development of IoT technologies, widespread of SNS, and increasingly better resolution of digital images, a staggering amount of data is being generated around the world. And the rising need for long-term storage of big data is becoming a social issue. Amid such challenges, optical discs are drawing much attention in the IT industry as a media possible of safely and securely storing large volumes of data over an extended period of time. To meet the needs of today's society.
Optical storage devices store and read data using light, often recording information on what's called an optical disk. The most common types of optical storage devices are drives that read and write CDs, DVDs and Blu-ray discs.
According to Bosson Research, The global Optical Data Storage Devices market size is projected to reach US$ 14958.84 Million by 2028, from US$ 5817.97 million in 2021, at a CAGR of 16.06% during 2022-2028.
Figure Global Optical Data Storage Devices Market Size
Source: Bossonresearch.com, 2022
Supporting the IoT/Big Data Era with the "Optical Disc Data Archiving"
Due to the rapid development of IoT technologies, widespread of SNS, and increasingly better resolution of digital images, a staggering amount of data is being generated around the world. And the rising need for long-term storage of big data is becoming a social issue. Amid such challenges, optical discs are drawing much attention in the IT industry as a media possible of safely and securely storing large volumes of data over an extended period of time. To meet the needs of today's society.
With the rapid development of data center market, optical storage has become a new solution
Demand for data storage will keep growing in the coming years, notwithstanding the continuing impact of COVID-19. Analyst firm IDC calculates that global data generation will grow at a CAGR of 23% through 2025, outpacing the 19.2% CAGR of global storage capacity.
Rapid Development of 5G
Since the beginning of this year, the topic of 5g new infrastructure has emerged one after another. As a country in the forefront of 5g construction in the world, China’s communication industry will usher in explosive growth. It is expected that by 2025, the investment scale will reach 0.9 trillion yuan and the market scale will reach 3800 billion yuan. The rapid development of 5g industry promote the demand for optical storage devices.
Cold Data Storage and Green Storage Make Optical Storage A Trend of Future Development
At present, the mainstream electric storage and magnetic storage are facing serious development bottlenecks of high energy consumption and high cost. Although optical storage has relatively slow read and write speed, it has the characteristics of low cost, high security, green energy saving, long storage life, etc., and can become an important way to relieve the pressure of warm and cold data storage.
Technical Route: Cold Blu ray storage still occupies the mainstream market, Holographic optical storage is regarded as the next generation optical storage technology
From the perspective of technical route, Blu ray storage still occupies the mainstream market, accounting for 67% in 2021. Holographic optical storage is regarded as the next generation optical storage technology. Holographic optical storage is a high-density three-dimensional optical storage technology, which adopts a mechanism completely different from the traditional two-dimensional storage. Compared with the current storage mode, holographic optical storage technology will provide more than TB (terabyte) storage capacity, which can meet the storage requirements of a larger amount of data and provide a faster speed for data reading. It is the development direction of the next generation of optical storage.
Global Optical Data Storage Devices Market: Competitive Landscape
At present, the high-end optical storage market is dominated by Japanese enterprises, and the global optical storage technology and industry have not yet entered the mature stage. China's leading enterprises and R & D institutions are expected to innovate synchronously with the international leading level, and even lead the development direction of industrial technology.
In the field of holographic optical storage, due to the high technical barriers, there are relatively few entry enterprises, mainly Panasonic, Sony and other enterprises abroad. Chinese enterprises represented by Amethyst storage are leading the development of holographic optical storage technology and industrialization. Through independent research and development and cooperation with research institutes, Amethyst storage has gradually formed an independent and controllable holographic optical storage industrial chain layout in key links such as core basic technology, photosensitive materials, holographic optical storage disc structure and format, multi axis servo platform scheme and high recognition algorithm.
Key players in the Optical Data Storage Device Market include:
Panasonic
Sony
CMC Magnetics (Verbatim)
RITEK Group
Hualu Group
Maxell
Lite-On
Amethystum
CEICLOUD
Technicolor
New Cyberian
CD Video Manufacturing
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