Recordable Optical Disc Market will reach at a CAGR of -3.6% from 2019 to 2029

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Recordable Optical Disc Market

• March 2020

Report Id REP-GB-691 Published On Sep
18,2015 Category Electronics, Semiconductors,
and ICT
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Recordable Optical Disc Market Analysis
The recordable optical disc market, which was
valued at approximately US 3 Bn in 2018, is
estimated to see bearishness in the coming years,
as per the new report published by Future Market
Insights (FMI). As per the report, revenues are
likely to taper off at a CAGR of -3.6 during
2019-2029, as a general sense of obsoleteness
looms large. The sluggishness is despite the
reliance on optical forms for storage, according
to FMI's research. "Evolution of non-physical
media with greater storage capabilities has led
to marked decrease in consumer preference. The
shift toward cloud-based suites is also pushing
down the sales of recordable optical disc, as
cloud storage provides an agile and reliable
platform for data storage and accessibility."
says the FMI report. According to the report,
emergence of prominent media-services providers,
such as Spotify, Apple Music and TIDAL, started
tugging on the popularity of recordable optical
disc formats. Media service providers rewrote the
rules of media consumption and the adoption rate
of these media streaming services grew by leaps
and bounds. Skyrocketing subscriber base of these
prominent media service providers resulted in
some major revenue dips for the recordable optic
disc market, creating significant tribulations
for market players to make effective sales
pitches. 
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Recordable Optical Disc Market Analysis
The study opines that sales of recordable optical
disc started plummeted in parallel with the
growth of public and private cloud services-
Amazon Web Services, IBM Bluemix and Microsoft
Azure to name a few. These platforms offer
excellent cloud services with extensive database
storage, content delivery speed, and multiple
other functionalities, helping online media
streaming platforms to exponentially grow and
expand. Such factors are foreshadowing a bleak
future for recordable optical disc forms,
unravels the research analysis. 'Manufacture-On-D
emand' DVDs and Blu-Ray Discs- Marking a New
Milestone for Growth As per the report, the
trend of 'manufacture-on-demand' DVDs and
blu-rays of popular TV shows and movies is
working in favor of the market players. For
instance, Amazon exclusively sells a series of
'manufacture-on-demand' DVDs and blu-rays of
popular Nickelodeon shows and movies. Moreover,
popular media-services providers, such as
Netflix, have also started bringing back popular
TV series and movies in DVDs and blu-ray formats
to treat their loyal subscribers, which in turn
has resulted in a promising comeback for DVDs and
blu-ray discs.
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Recordable Optical Disc Market Analysis
Professional Use of Recordable Optical Disc to
Show Positive Leaps As per the report, media
houses continue to rely on recordable optical
disc formats for local storage, followed by
software and IT ecosystems. Key players in the
recordable optical disc market are focusing on
incremental innovations that would further help
them boost their sustenance in the market. Apart
from product features, brands are also focusing
on nourishing the longevity of their recordable
optical disc offerings via reflective layers. In
addition, strategic partnerships seem to the best
way forward for the brands to sustain with
considerable revenue growth, states the research
study. For instance, in 2018, Sony made the
official announcement of optical disc archive
system with support from the partner companies.
Moreover, it also signed a definitive License
agreement with Mitsubishi Chemical Media Co.,
Ltd. (MCM), which is aimed at rolling out new and
advanced models of optical disc archive
cartridges. Press Release Source
https//www.prnewswire.com/news-releases/recordabl
e-optical-disc-market-blu-ray-disc-leading-the-way
-revenues-projected-at-us-2-bn-in-2019--future-mar
ket-insights-300882392.html
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Recordable Optical Disc Market Analysis

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Recordable Optical Disc Market Analysis
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