Hard disk Market was valued at US$ 55.5 Bn. in 2022 and is expected to reach US$ 79.22 Bn. by 2029, at a CAGR of 5.2% during a forecast period.
Hard disk Market Overview:
The Hard disk Market research study investigates and analyses the market's position during the forecast period. It is comprehensive research that focuses on primary and secondary drivers, market dominance, important segments, and geographic analysis. The study also examines noteworthy personalities, big partnerships, mergers, and acquisitions, as well as current innovation and corporate strategy.
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Hard disk Market Scope:
We looked at the Hard disk Market from every perspective possible, using both primary and secondary research methods. This increased our understanding of current market dynamics such supply-demand imbalances, pricing trends, product preferences, and customer behaviour. The data is then compiled and assessed using a range of market estimates and data validation processes. Furthermore, we have an in-house data forecasting engine that forecasts market growth until 2027.
Hard disk Market Segmentation:
Hard disk drive (HDD) sales have led the hard disk market by type since 2022 and are predicted to surpass US$ xx Mn in global revenue by 2029, with a CAGR of%. Because HDDs are less expensive than SSDs, there is a bigger demand for them and they are widely used in personal computers and data centers. For instance, Microsoft Corporation declared that it would stop supporting the Windows 7 operating system by 2022.
Based on application, the worldwide hard disk market is anticipated to be led by the notebook category in 2029, with a market value of $25.81 billion. Notebooks with varied use cases employ a variety of storage options depending on the application. Demand for laptop PCs with both an HDD and an SSD is rising on the market.
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Hard disk Market Key Players:
1. Western Digital Co
2. Seagate Technology
3. Toshiba Co
4. Sony Co
5. Transcend Information.
6. Samsung Electronics
7. ADATA Technology Co
8. Hewlett Packard Enterprise
9. Apple Inc.
10. Quantum Corp.
11. SK Hynix Inc.
12. Intel Corporation
13. Mushkin Enhanced
14. Micron Technology Inc.
15. SanDisk
16. Hitachi
17. G-Technology
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Regional Analysis:
The study takes an in-depth look at the local industry, using both qualitative and quantitative data. It gives a segment-by-segment overview and forecast of the worldwide Hard disk market. It also offers market size and forecast estimates for five major regions, including North America, Europe, Asia-Pacific, the Middle East and Africa, and South America, from 2021 to 2027. Each area's Hard disk market is further subdivided into regions and segments. The report investigates and forecasts many countries, as well as existing trends and prospects in the field.
COVID-19 Impact Analysis on Hard disk Market:
We thoroughly researched and analyzed the Global Hard disk Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analyses the potential of the global Hard disk industry, providing statistical data on market dynamics, growth factors, major challenges, PORTER analysis, and market entry strategy analysis, opportunities, and forecasts. The major purpose of the research is to offer industrial businesses a strategic analysis of COVID-19's influence. Simultaneously, this investigation looked into the markets of major countries and highlighted their market potential.
Key Questions Answered in the Hard disk Market Report are:
- What are the most promising high-growth opportunities in the global Hard disk sector, as defined by product category, End User, and Region?
- Which Hard disk market segments will expand the fastest, and why?
- Which areas will expand the fastest, and why?
- What are the primary elements influencing Hard disk market dynamics? What are the primary drivers and obstacles in the Hard disk market?
- What are the Hard disk market's business risks and dangers?
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Hard Disk MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Hard Disk Market.
The growth sectors of the Hard Disk Market are identified with precision for a better growth perspective.The global hard disk market is expected to reach 93.88 billion by 2026, growing at a CAGR of 6.5% during the forecast period (2018—2026).
In this report, Market Research Future (MRFR) includes market segmentation and market dynamics to offer a better glimpse of the market in the coming years.Data generation continues to surge, globally which in turn is increasing the demand for electronic data storage.
According to World Economic Forum, at present each day around 500 million tweets and 294 billion emails are sent; 4 petabytes of data are created on Facebook; 4 terabytes of data are created from each connected car, and 65 billion messages are sent on WhatsApp.
In this regard, increased need for the storage leads to the growth of global hard disk market during the forecast period.Segmental AnalysisThe global hard disk market has been segmented on the basis of type, application, and region.Based on type, the hard disk market has been segmented into hard disk drive (HDD), solid-state drives (SDD), and Hybrid Disk Drives (HHD).
As the hard drives are used for storing large volumes of data, with typical storage capacities ranging from 1 terabyte to 6 terabytes on a single drive.The SSD segment was the second-largest market in 2018, valued at USD 9.31 billion; it is projected to exhibit a CAGR of 17.0%.
Hard Disk Market Share The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Hard Disk Market Share.
The growth sectors of the Hard Disk Market Share are identified with precision for a better growth perspective.The global hard disk market is estimated to reach USD 93.88 billion by 2026 with a CAGR 6.5% during the forecast period (2018—2026)FREE PDF@ https://www.marketresearchfuture.com/sample_request/8306Demand for solid-state drives is gaining momentum around the globe.
SSDs are increasingly being used in laptops, notebooks, and smartphones.
The company has planned to expand SSD manufacturing in Penang, Malaysia.
Competitive AnalysisThe prominent players profiled in the hard disk market include Hewlett Packard Enterprise Company (HP) (US), Apple Inc. (US), Quantum Corp. (US), SK Hynix Inc. (South Korea), Intel Corporation (US), Mushkin Enhanced (US), and Micron Technology Inc. (US), Western Digital Corporation (US), Seagate Technology LLC (US), Toshiba Corporation (US), Sony Corporation (Japan), Transcend Information.
Inc. (Japan), Samsung Electronics (South Korea), and ADATA Technology Co. Ltd. (Taiwan).Segmental AnalysisThe hard disk segment has been categorized on the basis of type, application, and region.Based on type, the hard disk market has been segmented into Hard Disk Drive (HDD), Solid State Drives (SDD), and Hybrid Disk Drives (HHD).Based on application, the hard disk market has been categorized into notebook, desktop, and server.Based on region, the market has been categorized into the US, China, Europe, Southeast Asia, India, Japan, the Middle East & Africa, and Central and South America.Regional AnalysisGeographic analysis of the hard disk market has been done for the US, China, Europe, SoutheastAsia, India, Japan, the Middle East & Africa, and Central and South America.
