Hard Disk Drive Market:
Growth opportunities in the hard disk drive market look promising over the next six years. This is mainly due to the increasing demand for data storage facilities in several enterprises and growing spending on their research & development activities concerned with the digital transformation.
Hard Disk Drive Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The augmenting demand for data storage facilities across several enterprises is the key driver stimulating the growth of the global hard disk drive market. The increasing investment in technological innovations by hard disk manufacturers to provide more reliable and efficient storage facilities will further propel the market growth. Furthermore, the ICT and Telecom are raising the expenditure on research and development activities in relation to digital transformation. Leading manufacturers have established hard disk drives to provide better sequential data transfer rates with improved areal density. It also resulted in a reduction of air-filled hard disk drives because they are highly unstable, harmful to the environment, and expensive. All these advancements together are expected to accelerate the growth of the global hard disk drive market. Moreover, the widespread Covid-19 pandemic has resulted an increase in demand for hard disk drives by different enterprises owing to the escalated digital working operations. Thus, this surging adoption plays an important role in fuelling the hard disk drive industry.
Drive Type Segment Drivers
Based on the drive type, the market is segmented into desktop HDDs, network-attached storage HDDs, and portable HDDs. Amongst which, network-attached storage HDDs are predicted to expand at a higher CAGR over the forecast market. This is attributed to the growing adoption of 4G and 5G network technologies. Also, the increasing usage of tablets, laptops, and smartphones results in a high volume of digital data is bolstering the hard disk drive market size.
Regional Drivers
Based on the regional coverage, Asia-Pacific is anticipated to expand at a faster CAGR during the forecast period. This is owing to the presence of many hard disk drive manufacturing firms led by the easy availability of raw materials and inexpensive labor in China. Moreover, Japan offers significant opportunities to vendors operating in the hard disk drive market. These initiatives are contributing to the growth of the market.
Hard Disk Drive Market’s Leading Manufacturers:
- Kingston Technology Company, Inc.
- Intel Corporation
- ADATA Technology Co., Ltd.
- Transcend Information, Inc.
- Toshiba
- Micron Technology, Inc.
- Buffalo Americas, Inc
- Hewlett Packard Enterprise Development LP
- Seagate Technology LLC
- Western Digital Corporation
Hard Disk Drive Market Segmentation:
Segmentation by Drive Type:
- Portable HDDs
- Desktop HDDs
- Network-Attached Storage HDDs
Segmentation by Storage Capacity:
- Less Than 250GB
- 250GB – 1TB
- Above 1TB
Segmentation by Drive Interface:
- USB 3.0
- USB 2.0
- USB 3.1 Gen1
- USB 3.1 Gen2
- Ethernet
- Others
Segmentation by Power Source:
- Small Facility
- AC Adapter
- USB Port
- eSATA Bus
- Plug-in
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
