Global Disk Storage Systems Market is expected to grow at a CAGR of 30.2% during the forecast period and market is expected to reach US$ 10.4 Bn.
Global Disk Storage Systems Market Overview:
The research focuses on the current market in-depth and forecasts its performance over the next few years. Our concise research profiles the critical elements of the Global Disk Storage Systems market to assist you in making better business decisions. The research provides an overview of the Global Disk Storage Systems market, identifying prevalent challenges and offering data that may be tweaked as needed. The intangible realities underlying the industry's core limits, opportunities, and risks that are projected to impact its development during the projection period are being examined by MMR experts.
Global Disk Storage Systems Market Dynamics:
Increasing safety and security concerns, as well as technological breakthroughs in smart gadgets, are driving up demand for smart helmets throughout the world. It has been reported that motorbikes are regarded as a cost-effective mode of transportation, and yet head injuries are the leading cause of mortality among motorcyclists. The increasing production of motorbikes, together with the rising number of unintentional deaths due to head injuries, will drive the global need for smart helmets even higher.
The high cost of the product and a lack of knowledge about smart helmets in underdeveloped nations are important factors that may stymie the expansion of the Global Disk Storage Systems market during the forecast period.
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Global Disk Storage Systems Market Insights:
The market is divided into two types: full helmet and half helmet. Due to the rising penetration and acceptance of smart helmets by bike riders, the complete helmet held a 55 percent market share in 2021 and is likely to maintain its dominance during the forecast period. Over the forecast period, rising use of the product in adventure sports is also expected to promote adoption.
During the forecast period, the Motorcycle and Bicycle category is expected to be the most lucrative segment. Smart helmets are becoming increasingly popular among motorcycle and bicycle riders as a way to reduce collisions and accidents. Growth in outdoor recreation activities like off-road and on-road cycling and motorcycling, as well as increasing motorcycle manufacturing, will help to expand this market in the motorbike and bicycle segment.
COVID-19 Impact Analysis on Global Disk Storage Systems Market:
The COVID-19 virus epidemic has had a negative influence on the market. The industrial and construction industries are the primary users of smart helmets. To avoid viral infection, the government has set limitations and halted physical activities in certain businesses throughout the world. During lockdowns, sales of smart helmets have plummeted as a result of this circumstance. Additionally, bike users' desire for smart helmets has decreased as a result of mobility constraints.
However, the resumption of building and industrial activity is projected to boost demand for smart helmets as companies become more conscious of their employees' safety and adhere to regulatory rules. To some extent, this element is expected to boost market growth following the epidemic.
Global Disk Storage Systems Market Regional Insights:
North America dominates the worldwide market with percent market share throughout the forecast period due to their rapid adoption of technology. Increased awareness, safety requirements such as Occupational Safety and Health Administration standards, and Personal Protective Equipment (PPE) at work laws of the United States government are propelling the market's expansion throughout the forecast period. Europe and APAC follow North America.
Europe is estimated to have an xx percent market share throughout the forecast period due to the region's early adoption of innovative technology.
Global Disk Storage Systems Market
Key Players:
• Dell Inc.
• IBM Corporation
• Hewlett Packard Enterprise Development LP
• NetApp
• Seagate Technology LLC
• Micron Technology, Inc
• Oracle
• Hitachi
• FUJITSU
• Huawei Technologies Co., Ltd
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