The Latin America, Middle East and Africa Data Storage Converter Market is expected to witness market growth of 12.1% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Data Storage Converter Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD81.2 million by 2031. The Argentina market is registering a CAGR of 12.8% during 2024-2031. Additionally, the UAE market would showcase a CAGR of 11% during 2024-2031.
A data storage converter is a device or technology that facilitates data conversion, management, and transmission between different storage systems or formats. These converters ensure compatibility between legacy and modern systems or data storage architectures.
Additionally, by converting data formats, protocols, or signals, data storage converters allow organizations to integrate newer technologies into their existing infrastructure without completely overhauling or replacing older systems.
The data storage converter market in the LAMEA region is experiencing a growing demand driven by several factors, including digital transformation initiatives, the expansion of cloud infrastructure, and the rising adoption of advanced technologies such as IoT, big data analytics, and artificial intelligence (AI). In Brazil, the demand for data storage converters is growing due to the country's increasing adoption of cloud computing. The Brazilian government has been actively promoting cloud technology through initiatives like the Cloud-First Policy in 2020, which encourages public sector agencies to migrate their data and IT infrastructure to cloud environments.
The Brazil market dominated the LAMEA Data Storage Converter Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD81.2 million by 2031. The Argentina market is registering a CAGR of 12.8% during 2024-2031. Additionally, the UAE market would showcase a CAGR of 11% during 2024-2031.
A data storage converter is a device or technology that facilitates data conversion, management, and transmission between different storage systems or formats. These converters ensure compatibility between legacy and modern systems or data storage architectures.
Additionally, by converting data formats, protocols, or signals, data storage converters allow organizations to integrate newer technologies into their existing infrastructure without completely overhauling or replacing older systems.
The data storage converter market in the LAMEA region is experiencing a growing demand driven by several factors, including digital transformation initiatives, the expansion of cloud infrastructure, and the rising adoption of advanced technologies such as IoT, big data analytics, and artificial intelligence (AI). In Brazil, the demand for data storage converters is growing due to the country's increasing adoption of cloud computing. The Brazilian government has been actively promoting cloud technology through initiatives like the Cloud-First Policy in 2020, which encourages public sector agencies to migrate their data and IT infrastructure to cloud environments.
List of Key Companies Profiled
- VMware, Inc. (Broadcom Inc.)
- Intel Corporation
- NXP Semiconductors N.V.
- ON Semiconductor Corporation
- Phison Electronics Corporation
- Microchip Technology Incorporated
- STMicroelectronics N.V.
- Texas Instruments, Inc.
- Analog Devices, Inc.
- Apacer Technology Inc.
Market Report Segmentation
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By Application
- Consumer Electronics
- Data Centers
- Enterprise Storage
- Automotive Systems
- Other Application
By Type
- Mobile Devices
- Embedded Systems
- Single-Board Computers (SBCs)
- System-on-Chip (SoC) Designs
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Data Storage Converter Market by Enterprise Size
Chapter 6. LAMEA Data Storage Converter Market by Application
Chapter 7. LAMEA Data Storage Converter Market by Type
Chapter 8. LAMEA Data Storage Converter Market by Country
Chapter 9. Company Profiles
Companies Mentioned
Some of the key companies in the LAMEA Data Storage Converter Market include:- VMware, Inc. (Broadcom Inc.)
- Intel Corporation
- NXP Semiconductors N.V.
- ON Semiconductor Corporation
- Phison Electronics Corporation
- Microchip Technology Incorporated
- STMicroelectronics N.V.
- Texas Instruments, Inc.
- Analog Devices, Inc.
- Apacer Technology Inc.
Methodology
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