Global Hard Disk Market Insights and Forecast to 2026
Summary –
A new
market study, “Global Hard Disk Market Insights and Forecast to 2026
“has been featured on WiseGuyReports.
Global Hard Disk Market Research Report— by Type {Hard Disk
Drive (HDD), Solid State Drives (SDD) and Hybrid Disk Drives (HHD)},
Application (Notebook, Desktop, and Server) and by Region {US, Europe (Russia,
Germany, the UK, France, Italy, Spain and Poland), China, Japan, India,
South-East Asia (Malaysia, Singapore, the Philippines, Indonesia, Myanmar,
Thailand and Vietnam), Central and South America (Brazil, Mexico and Colombia)
and Middle East and Africa (Saudi Arabia, UAE, Turkey, Egypt, South Africa and
Nigeria)} - Forecast till 2026
Market analysis
Generally, hard disk producers are considerably investing in sophisticated
machineries in order to present the most useful data storage resources to
businesses as well as persons. At Present, the hard disk market is focused with
Western Digital Corporation, Seagate, and Toshiba capturing more than 70% of
the market share. The hard disk drive (HDD) market is highly focused in
comparison to the solid-state drive (SSD). The HDD section populates a market
share of 80.5% in the global hard disk market. HDDs are comprehensively used in
personal computers and data centers. Also, since, HDDs are inexpensive as
compared to SSDs, their demand is higher. However, the HDD market witnessed a
decrease in revenue from 2014 to 2018, largely attributed to the shrinking
shipment of private computers (PCs) around the globe. Nevertheless, agreeing to
MRFR analysis, from 2020, the HDD market will pick up pace due to the growing
need for such drives among data centers. Also, according to the analysis, the
shipment of PCs will increase considerably in the coming years, since Microsoft
Corporation announced to stop the service of the Windows 7 operating system by
2020. In April 2019, Sony announced two new external SSD drives, the
high-performance SL-M series, and the standard compact SL-C series. The SL-M
and SL-C’s high speeds enable quicker workflow when processing, editing,
duplicating, and storing data. The Global Hard Disk Market is expected to
increase at 6.5% CAGR to achieve a market worth of 93.88 billion in 2026. This
will be in the lead to enterprises replacing PCs to use Windows 10 operation
system. Also, businesses are expected to upgrade their systems in order to
strengthen their IT security. All these trends will considerably help in
increasing the demand for HDDs. Several hard disk players have expanded their
production of SSD due to increased demand for the same in the market. Also, the
market is showing a decrease in the prices of hard disks, making them more
reasonably priced for the end users.
Market segmentation
The Global Hard Disk Market is segmented based on type, application, and region
respectively. Based on the application, the notebook portion accounted for the
leading market share of 39% in 2018. However, server segment is projected to
sign on the highest CAGR of 9.3% during the forecast period. Based on the type,
the hard disk market has been segmented into hard disk drive (HDD), solid-state
drives (SDD), and hybrid disk drives (HHD). In January 2019, Toshiba Electronic
Devices & Storage Corporation recently named MG08 Series, the industry’s
largest capacity 16TB Traditional Magnetic Recording (CMR) HDD. With 33% more
capacity than the latest and widely adopted 12TB determinations and 14% more
capacity than prior 14TB models, MG08 16TB drives are well-matched with the
widest range of applications and operating systems and adapted to mixed arbitrary
and sequential read and write workloads in both cloud and traditional data
center environments. In May 2019, Transcend Information Inc., a prominent
company of storage and multimedia products recently announced the release of
the StoreJet 25M3C, the latest USB Type-C portable hard drive to join
Transcend's growing family of USB Type-C portable storage devices. In August
2019, Seagate has launched its Game Drive for Xbox Gears 5 Special Edition
which is the latest addition to Seagate’s popular line of storage for gamers in
collaboration with Microsoft and The Coalition. The hard disk drive (HDD)
segment settled for the utmost market share of 80% in 2018; However,
solid-state drives (SSD) segment is likely to register the highest CAGR of
17.0% In August 2018, Seagate Technology announced the launch of the industry’s
broadest range of advanced 14TB hard drives, ornamental the company’s
initiative and specialty drive range. Consisting of IronWolf and IronWolf Pro
for network-attached storage (NAS) applications, the BarraCuda Pro desktop
drive, surveillance enhanced SkyHawkTM, and ExosTM X14 for hyperscale data
centers, this purpose-built portfolio empowers customers to consume, manage and
apply digital data more effectively and efficiently while founding new
benchmarks in speed and capacity.In August 2017, Western Digital announced its
acquisition of SanDisk. The arrangement has transformed Western Digital into a
storage capacity solutions company with global scale, extensive product and
technology holdings, and deep capability in non-changeable memory (NVM).
Regional analysis
Geographically the Global Hard Disk Market is split in regions like North &
South America, Europe, Asia-Pacific, Middle east and Africa and Rest of the
world. China settled for the major market share in 2018, with a market value of
USD 17.15 billion in 2018; the market is anticipated to disclose a CAGR of 7.0%
during the forecast period. The growth can be attributed to the presence of
many engineering firms and the ease of use of low-cost raw materials as well as
economical labor. Japan is supposed to enroll the highest CAGR of 7.6%. This is
owing to the hard disk market for Japan is to be expected to offer considerable
prospects for providers operating in the market. Few of the leading players in
the market are BUFFALO Inc., Samsung, Hewlett-Packard Japan, Transcend,
TOSHIBA, and Seagate Technology LLC.
Major players
The proposed spectators in the Global Hard Disk Market are Detonator
manufacturers, Retailers, distributors, wholesalers, Investors and trade
experts, Governments, associations, industrial bodies, etc. The major companies
functioning in the Global Hard Disk Market are concentrating on firming their
global ways by entering into untouched markets. The projected onlookers in the
Global Hard Disk Market are companies like Toshiba Corporation (US), Seagate
Technology LLC (US), Sony Corporation (Japan), Transcend Information. Inc.
(Japan), Samsung Electronics (South Korea), ADATA Technology Co. Ltd. (Taiwan),
Hewlett Packard Enterprise Company (HP) (US), Apple Inc. (US), Quantum Corp.
(US), SK Hynix Inc. (South Korea), Intel Corporation (US), Mushkin Enhanced
(US), Micron Technology Inc. (US) and Western Digital Corporation (US).
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