Requirements for storing data, laptop sales, IT sector emergence and digitalization to drive Global Hard Disk Market
According to TechSci Research report, “Global Hard Disk Market By Category (Internal & External), By Type (HDDs & SDDs), By Connectivity (Wired & Wireless), By End User (Residential & Commercial), By Region, Forecast & Opportunities, 2026” the Global Hard Disk Market will reach the revenue of USD84888.76 million in the forecast period with a CAGR of 5.11%. Hard disk is a kind of nonvolatile storage where stored data can be retained easily even if the power is turned off. This era of digitalization and IT sector prevalence are the main drivers that are leading to the expansion of Global Hard Disk Market. Hard disks are free from the cyber-attacks therefore this is becoming one of the most important reason for the sales of Hard disk as it is the best option to store confidential data. Besides this the growth of laptop market is one of the major parameters is driving the growth of this Hard Disk Market as internal Hard Disk resides inside a laptop.
Browse 135 Figures spread through 110 Pages and an in-depth TOC on “Global Hard Disk Market ”
Global Hard Disk Market can be segmented based on category, type, connectivity, end user and region. Based on category, the market can be segmented into internal and external. Internal hard disk segment holds the share of 73.05% in 2020 as its necessary for the laptop manufacturers to buy it in order to place it in the laptop for a laptop to function. In terms of type, the market can be bifurcated into HDDs and SDDs. In 2020, HDDs dominated the market with a share of 83.95%, however SDDs segment is expected to grow at a higher rate in future. SDDs are very expensive as compared to HDDs therefore SDDs capture comparatively lesser market share of 16.05% in the year 2020. Based on connectivity, the market can be segmented into USB wired and wireless. USB wired Hard Disk captures the market and has the share of 97.52% in 2020. It is expected to dominate the market in forecast period too with the share of 95.89% in 2026. Wireless hard disk is not very popular among consumers due to lack of awareness and almost double price of the Wireless Hard Disk.
In terms of end user, Global Hard Disk Market is segmented into residential and commercial. Commercial segment dominates the market with a share of 53.87% in 2020 due to emerging IT sector, digitalization and data production.
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Western Digital Corporation, Seagate Technology PLC, Toshiba Corporation, Fujitsu Limited. Samsung electronics, Intel Corporation, Sony corporation, Quantum Corporation, Hewlett Packard Enterprise Company & Transcend Information. Inc. are among the leading players operating in Global Hard Disk Market. Companies operating in the market are using organic strategies such as product advancement through addition of new features, mergers, and collaborations to boost their share in the market.
“Asia-Pacific region has the highest share that is 43.53% in 2020 and a revenue of USD27104.14 million and is expected to dominate the market in forecast period too with the revenue of USD34379.95 million in the year 2026. Countries that fall under Asia-Pacific region have the highest population in the world and are technologically advanced, thus leading to the expansion of the Hard Disk Market. As the top ranked populated countries such as China and India fall under Asia-Pacific region, there is a high demand for laptops with every minute increasing population, which is indirectly boosting the Hard Disk Market, as internal Hard Disk is placed in laptops. The government policies of country like India that favor digitalization and utilization of online portals for day-to-day government activities is becoming a major parameter in the growth of Hard Disk Market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Hard Disk Market By Category (Internal & External), By Type (HDDs & SDDs), By Connectivity (Wired & Wireless), By End User (Residential & Commercial), By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of Global Hard Disk Market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Hard Disk Market.
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