Global Hard Disk Drive Market Size, Trends, In-depth Analysis, Research Report Forecast up to 2028: Transcend Information Inc and Schneider Electric are key players.

The global hard disk drive market is expected to grow at a CAGR of 3.05% to reach a market size worth US$33.724 billion by 2028.

The prime factors propelling the growth of the global hard disk drive market will grow due to rising proliferation of internet-ready devices, increasing demand for hard disks from data centers, digital commerce like alarm monitoring systems, home appliances, and smartphones, and the constant need for data storage from cloud services.
As per the report, the global hard disk drive market is expected to grow at a steady pace.

Hard disc drives (HDDs) are storage components found in various devices. These gadgets are composed of a revolving magnetic disc that can be reprogrammed and use a magnetic writing head. The demand for HDDs is being driven by the rising prevalence of electronic devices in customers' daily lives. In addition, intelligent, connected technologies are boosting the need for storage drives to store different data. Therefore the recent shift in technology trends in the consumer electronics sector is also anticipated to help expand the market.

With smaller and quieter products, the growing usage of hard disc drives in consumer electronics has begun to play a crucial role in developing new drive technology, driving researchers and HDD manufacturers to advance HDD technology. During the projected period, these trends are anticipated to assist the market under study's expansion.

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The global hard disk drive market has been segmented into type, end-users, storage capacity, and geography.

Based on the type, the classification has been done into internal and external HDD. The internal HDD segment is anticipated to grow as these drives can hold up better and last longer, making it easier for consumers.

The market has been classified by enterprises, nearline storage, and consumer use by end-user.

Based on storage capacity, the classification is done below 1TB and 1TB and above. The storage capacity of 1TB is used more, as these are most commonly used by consumers owning digital devices.

By region, digital technologies are accelerating in the Asia Pacific. As a result, throughout the forecast period, demand for storage solutions is anticipated to expand across various industries, including consumer, business, and industrial. For instance, by 2025, the market for IT and business services in India is anticipated to reach USD 19.93 billion, according to the India Brand Equity Foundation (IBEF).

The major global hard disk drive market players are Seagate Technology Holdings PLC, Western Digital Corporation, Toshiba Memory Corporation, Hewlett Packard Enterprise Development LP, Sony Corporation, Transcend Information Inc, and Schneider Electric Lenovo, ADATA Technology Co Ltd, and Buffalo Americas Inc.

The global hard disk drive market has been analyzed into the following segments:

• By Type

o Internal HDD
o External HDD

• By End-User

o Enterprises
o Nearline Storage
o Consumer Use

• By Storage Capacity

o Below 1TB
o 1TB and above

• By Geography

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• United Kingdom
• Germany
• France
• Spain
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

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