LONDON--(BUSINESS WIRE)--The media and entertainment storage market is expected to grow by USD 5.85 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the media and entertainment storage market in optimistic, probable, and pessimistic forecast scenarios.
The media and entertainment storage market will witness Negative and Inferior impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to Increase as compared to 2019.
Enterprises will go through Respond, Recover and Renew phases. Download free report sample
As the COVID-19 pandemic continues to spread, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through respond, recover and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure. Click here
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Media and Entertainment Storage Market Participants:
International Business Machines Corp.
International Business Machines Corp. operates its business under various segments such as cognitive solutions, global business services, technology services & cloud platforms, systems, and global financing. The company offers high-performance file data access, capacity optimized object storage, and data management for metadata tagging and analysis, in addition to low-cost and highly secure cold storage solutions.
Lenovo Group Ltd.
Lenovo Group Ltd. operates its business under two segments, which include the intelligent devices group (IDG) and data center group (DCG). The company, together with its subsidiaries, designs, manufactures, and markets technology products and services.
Microsoft Corp. has business operations under various segments, namely productivity and business processes, intelligent cloud, and more personal computing. The company employs multiple mechanisms for protecting media content at all points in the supply chain, establishes privacy policies to maintain confidentiality, and implements comprehensive global controls validated by independent compliance audits.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/ media and entertainment storage market-industry-analysis
Media and Entertainment Storage Market 2020-2024: Segmentation
Media and Entertainment Storage is segmented as below:
- Production and post-production
- Media agencies
- Network-attached storage
- Storage area network
- Direct-attached storage
- North America
- South America
The media and entertainment storage market is driven by the rising use of digital advertising channels. In addition, other factors such as the rise in popularity of 4K UHD content are expected to trigger media and entertainment storage market toward witnessing a CAGR of over 8% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.