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

Hard Disk Market
Overview

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. This trend is therefore expected to increase the demand for hard disks. The increasing proliferation of digital commerce and internet-ready devices like smartphones, various consumer electronics, home appliances, and alarm monitoring systems, among others, have generated huge data over the cloud. 

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Hard Disk Market
Also, MRFR believes that the need for data storage will continue to increase in coming years as well largely from enterprises/corporate, enterprise data center as well as cloud service providers. 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. By 2025, it is estimated that 463 exabytes of data will be created each day globally.

 With such significant year on year growth in data worldwide, the need for data storage space will increase which will, therefore, increase the overall demand for such storage devices. In this regard, increased need for the storage leads to the growth of global hard disk market during the forecast period.

Competitive Analysis

The prominent players operating in the hard disk market are 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), and Micron Technology Inc. (US), Western Digital Corporation (US), Seagate Technology LLC (US), and Toshiba Corporation (US).

Regional Analysis

Regionally, the hard disk market has been divided into the US, China, Europe, SoutheastAsia, India, Japan, the Middle East & Africa, and Central and South America. The US led the hard disk market from 2014 to 2016, whereas China is expected to lead the hard disk market from 2017 to 2026. Japan is expected to be the fastest-growing country-level market in the hard disk market during the forecast period, registering a CAGR of 7.6%, followed by India.

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