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Hard Disk Drive (HDD) Market Expected to Expand at a Steady CAGR through 2025

05-05-2017 02:56 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Hard Disk Drive (HDD) Market Expected to Expand at a Steady CAGR

Hard disk drives are also called as disk drives or hard drives. It is a mechanism which reads and writes data on a hard disk. It is a largest and main data storage hardware device in a computer. Global hard disk drive market includes types of hard disk drives, form factors of hard disk drive and application of hard disk drives.

Hard Disk Drive (HDD) Market: Drivers & Restraints

Global hard disk drive market have witnessed slight growth in 2014, as shipment of hard disk drives increased by ~2% as compared to previous year. The main reason behind increase in sale and shipment of hard disk drive market is because of stabilization of the laptop market and growth of hard disk drives in cloud and other enterprise applications. Global hard disk drive market was facing challenge due to continuous declining of sales, till the second quarter of 2014. Main reason behind drastic decline in hard disk drive revenue is due to shift of many business users and home users from local hard disk drive and onsite server to centralized cloud server. Reduction in demand of desktop PCs and notebooks further restraints the growth of global hard disk drive market. Declining desktop PC demand is mainly because of increasing consumer preference towards smartphones and tablets.

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Hard Disk Drive (HDD) Market: Segmentation

Global hard disk drive market can be segmented on the basis of type, form factors and application. By type the global hard disk drive market can be segmented into internal hard drives and external hard drives. External hard disk drive market is growing rapidly because of growing demand for portable storage backup and extra data storage at relatively lesser price. New slim and ultra slim external hard disk drives further encourages the external hard disk drive market growth because of consumer demand of appeal and style in system. Also external hard disk drive provides additional security for critical information as its can be easily disconnected from computer to avoid unauthorised access and also can be used with several systems without any special system requirements. However, those who require faster data transfer speeds may select an internal hard disk drive as it is always connected to the system.

By form factor, the global hard disk drive market can be segmented into different ranges of form factor such as 3.5 inch, 2.5 inch and 1.8 inch. Form factor signifies the size of bays the drives rest in. Hard disk drive with 3.5 inch of form factor is prominently used in desktop computers, on the other hand 2.5 inch and 1.8 inch hard disk drive is more suitable for laptops and other gaming devices

By application, the global hard disk drive market can be segmented into consumer electronics and enterprises. Consumer electronics application is further sub segmented into desktop PCs, portable PCs.

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Hard Disk Drive (HDD) Market: Region wise outlook

By region, global hard disk drive market can be segmented into seven regions namely, North America, Latin America, Asia Pacific (excluding Japan), Western Europe, Eastern Europe, Japan and Middle East & Africa. At Present, global hard disk drive market is dominated by North America due to the presence of various key manufacturers. Around the world countries such as U.S., China and Singapore dominates the global hard disk drive market.

Hard Disk Drive (HDD) Market: Key Players

Key players of global hard disk drive market are Western Digital Technologies, Seagate Technology LLC, TOSHIBA CORPORATION. In 2014, Western Digital Technologies. Other prominent vendors in global hard disk drive marker are Buffalo Americas, Inc., Hewlett-Packard Development Company, L.P., Dell, Lenovo and Transcend Information, Inc. etc.

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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