| Product Code: ETC7368662 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Grenada saw a substantial increase in digital storage device imports in 2024, with top exporting countries including the USA, UK, China, Barbados, and Trinidad and Tobago. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting strong competition among suppliers. The impressive compound annual growth rate (CAGR) of 14.36% from 2020 to 2024 highlights the growing demand for digital storage solutions in Grenada. Moreover, the remarkable growth rate of 54.91% from 2023 to 2024 signifies a significant surge in imports, showcasing a promising market for digital storage devices in the country.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Digital Storage Devices Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Digital Storage Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Digital Storage Devices Market - Industry Life Cycle |
3.4 Grenada Digital Storage Devices Market - Porter's Five Forces |
3.5 Grenada Digital Storage Devices Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Digital Storage Devices Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Digital Storage Devices Market Revenues & Volume Share, By Storage, 2021 & 2031F |
3.8 Grenada Digital Storage Devices Market Revenues & Volume Share, By Usage, 2021 & 2031F |
4 Grenada Digital Storage Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for digital content creation and consumption |
4.2.2 Growing adoption of cloud storage services |
4.2.3 Technological advancements leading to higher storage capacity and faster data transfer speeds |
4.3 Market Restraints |
4.3.1 High initial investment required for advanced storage devices |
4.3.2 Data privacy and security concerns |
4.3.3 Competition from alternative storage solutions like online file-sharing services |
5 Grenada Digital Storage Devices Market Trends |
6 Grenada Digital Storage Devices Market, By Types |
6.1 Grenada Digital Storage Devices Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Digital Storage Devices Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Digital Storage Devices Market Revenues & Volume, By Flash Storage, 2021- 2031F |
6.1.4 Grenada Digital Storage Devices Market Revenues & Volume, By Solid State Drives, 2021- 2031F |
6.1.5 Grenada Digital Storage Devices Market Revenues & Volume, By Magnetic Disk Drives, 2021- 2031F |
6.1.6 Grenada Digital Storage Devices Market Revenues & Volume, By Optical Disk Drives, 2021- 2031F |
6.1.7 Grenada Digital Storage Devices Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Digital Storage Devices Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Digital Storage Devices Market Revenues & Volume, By Personal Computers, 2021- 2031F |
6.2.3 Grenada Digital Storage Devices Market Revenues & Volume, By Laptops, Smartphone, 2021- 2031F |
6.2.4 Grenada Digital Storage Devices Market Revenues & Volume, By Networking, 2021- 2031F |
6.2.5 Grenada Digital Storage Devices Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Grenada Digital Storage Devices Market, By Storage |
6.3.1 Overview and Analysis |
6.3.2 Grenada Digital Storage Devices Market Revenues & Volume, By Up to 8 Gb, 2021- 2031F |
6.3.3 Grenada Digital Storage Devices Market Revenues & Volume, By 8-128 Gb, 2021- 2031F |
6.3.4 Grenada Digital Storage Devices Market Revenues & Volume, By 128-512 Gb, 2021- 2031F |
6.3.5 Grenada Digital Storage Devices Market Revenues & Volume, By 512 Gb to 2 Tb, 2021- 2031F |
6.3.6 Grenada Digital Storage Devices Market Revenues & Volume, By 2 Tb and Above, 2021- 2031F |
6.4 Grenada Digital Storage Devices Market, By Usage |
6.4.1 Overview and Analysis |
6.4.2 Grenada Digital Storage Devices Market Revenues & Volume, By Individual Usage, 2021- 2031F |
6.4.3 Grenada Digital Storage Devices Market Revenues & Volume, By Enterprise Usage, 2021- 2031F |
7 Grenada Digital Storage Devices Market Import-Export Trade Statistics |
7.1 Grenada Digital Storage Devices Market Export to Major Countries |
7.2 Grenada Digital Storage Devices Market Imports from Major Countries |
8 Grenada Digital Storage Devices Market Key Performance Indicators |
8.1 Average storage capacity per device |
8.2 Adoption rate of new storage technologies |
8.3 Average data transfer speed of storage devices |
8.4 Percentage of businesses using digital storage devices for data backup |
8.5 Number of digital content creators in Grenada |
9 Grenada Digital Storage Devices Market - Opportunity Assessment |
9.1 Grenada Digital Storage Devices Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Digital Storage Devices Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Digital Storage Devices Market Opportunity Assessment, By Storage, 2021 & 2031F |
9.4 Grenada Digital Storage Devices Market Opportunity Assessment, By Usage, 2021 & 2031F |
10 Grenada Digital Storage Devices Market - Competitive Landscape |
10.1 Grenada Digital Storage Devices Market Revenue Share, By Companies, 2024 |
10.2 Grenada Digital Storage Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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