Global Solid-state Lasers for Data Storage Market: Overview
Over the past few years, the increasing adoption of information technology across various sectors is resulting in the growing use of a large amount of data. This is prompting consumers to implement highly efficient data storage solutions. The data stored in one system can be transferred to another through either portable data storage solution or Wi-Fi based local area network (LAN). However, the former is preferred to latter owing to the fact that it is more secure. Portable data storage solutions are classified into optical storage and solid state drive. Optical data storage solutions take help of solid-state laser technology to write data on the disc. The demand for solid state lasers for data storage is strong as the loss of data due to the aging of drive is lesser in optical data storage.
This market intelligence report serves as a reliable business tool providing essential insights into the global market for solid-state lasers for data storage. The report extensively covers critical parameters such as market dynamics, trends, and opportunities. It includes in-depth analysis of the competitive landscape of the market. It profiles the prominent players in the market along with their latest developments, market shares, business strategies, and contact information. It also covers tools such as value chain and stakeholder analysis, market attractiveness analysis, and Porter’s five force analysis. A detailed description of the technological breakthroughs forms an important part of the report. For a clear understanding, the report segments the market for solid-state lasers for data storage on the basis of various criteria including product and geography.
Global Solid-state Lasers for Data Storage Market: Drivers and Restraints
Drives such as digital versatile discs (DVD) and compact discs (CD) incorporate solid-state laser technology to write data. There is a high adoption of these drives across commercial and residential sector due to benefits such as low power consumption and high cost-effectivity. The embedding of DVD/CD writer in computers and laptops by their manufacturers is also assisting the growth of the market. Moreover, the low cost and easy availability of these drives are providing a fillip to the global market for solid-state lasers for data storage.
On the flip side, the introduction of Blue-ray disc in data storage solution is jeopardizing the very existence of the market. Since a greater amount of data can be stored in Blue-ray discs, they are gaining a competitive edge over CDs and DVDs. Their high adoption is prompting manufacturers using solid-state laser technology to adopt blue ray diode-pumped solid-state laser technology. This factor is likely to turn into a driver for the market in the long run. Furthermore, innovation in multilayer recording in discs will also help manufacturers in creating ample growth opportunities for the market. However, the introduction of novel technologies such as heat-assisted magnetic recording (HAMR), three-dimensional (3D) optical storage, and holographic data storage is anticipated to change the outlook of the market tremendously.
Global Solid-state Lasers for Data Storage Market: Geographical Segmentation
The key regions analyzed in this report are North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, and the Middle East and Africa. The demand for solid state lasers for data storage will be low in North America and Western Europe. These regions are considered to be early adapters of new technologies and therefore the demand for Blue-ray discs is high in these regions. Asia Pacific and Latin America are major revenue contributors in the market owing to the presence of a large number of players. Moreover, the demand for CDs and DVDs is still significant in less developed countries of these regions.
Companies Mentioned in the Report:
Some of the key solid-state laser manufacturers for data storage are IPG Photonics Corporation, Laserglow Technologies, Newport Corporation, Quanta System, EKSPLA, Jenoptik AG, Photonic Solutions, Rofin-Sinar Technologies Inc, JDS Uniphase Corporation, Photonics Industries International Inc, Coherent Inc, and Trumpf Inc.
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.