Global Hard Disk Drive (HDD) and Solid State Drive (SSD) Market by Type (Hard Disk Drive (HDD), Solid State Drive (SSD)), By Application (Enterprise, Client) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global hard disk drive (HDD) and solid state drive (SSD) market is expected to register a CAGR of 7.5% during the forecast period, 2018-2030. The HDD segment is expected to account for a major share of the global hard disk drive (HDD) and solid state drive (SSD) market in 2018. However, the SSD segment is projected to grow at a higher CAGR during the forecast period. This can be attributed to factors such as increasing demand for high-performance laptops and growing trend of data center modernization across the globe. In terms of application, the enterprise segment is estimated to account for a larger share of the global hard disk drive (HDD) and solid state drive (SSD) market in 2018. However, with increasing demand for SSDs from client applications such as gaming laptops and ultrabooks, this segment is projected to grow at a higher CAGR during the forecast period.



Get Free Sample Report

Product Definition:

A hard disk drive (HDD) is a data storage device that uses magnetic disks to store data and information. A solid state drive (SSD) is a data storage device that uses flash-memory chips instead of magnetic disks.

Hard disk drives are used for long-term storage of files, while solid state drives are used for faster access to files and for running applications.

Hard Disk Drive (HDD):

Hard disk drive, also known as hard drive or storage device is an electronic device that stores and protects digital data on a magnetic medium. The HDD has the ability to store large amounts of data, ranging from personal photos to high-definition videos. A typical HDD consists of one or more rigid plates coated with a magnetic material; between these plates is a spindle hole through which the plastic recording head moves while reading and writing data onto the disk.

Solid State Drive (SSD):

Solid State Drive (SSD) is a type of digital storage device, which uses integrated circuits as a medium to store data. Data stored in an SSD is non-volatile and can be read or written in few seconds. It offers faster reading and writing speed compared to traditional hard disk drives.

Application Insights:

The enterprise application segment led the global HDD and SSD market in 2017. The segment is projected to expand further at a steady CAGR over the forecast period owing to its preference in data storage and increasing need for data backup & recovery. Furthermore, an increase in demand for high-performance storage systems can also be attributed to this growth.

Enterprise applications include government, healthcare, financial services and retail among others. These sectors require long-term data storage as they are prone to natural disasters such as fire or theft which may lead to loss of important information stored thereon; thus necessitating an increased number of hard disks or solid state drives within their infrastructural facilities (data centers). This trend is expected drive growth over the coming years since these sectors are increasingly adopting cloud computing wherein huge amounts of information are processed by various IT systems daily which requires large onsite/offsite storages that can withstand heavy loads without getting affected thereby driving demand across all applications segments worldwide.

Regional Analysis:

The global market has been segmented on the basis of region into North America, Europe, Asia Pacific (APAC), and Latin America. The APAC regional market is expected to register a significant CAGR over the forecast period owing to increasing adoption of HDDs in China and India. Furthermore, growing demand for laptops with high storage space is anticipated to drive product demand in this region.

North America held a substantial share in 2016 owing to high production volumes of hard disk drives (HDDs) carried out by companies such as Seagate Technology Plc., Western Digital Technologies Co., Ltd., Toshiba Corporation). However, sluggish growth rate pertaining to data deceleration may hamper the overall revenue generation for this region. Moreover, rising cloud-based services usage coupled with rapid technological advancements are estimated to fuel industry expansion over the coming years.

Growth Factors:

Increasing demand for data storage: The global data storage market is expected to grow from .6 billion in 2016 to .9 billion by 2021, at a CAGR of 23.2%. This growth can be attributed to the increasing volume of digital data being generated and stored due to the proliferation of connected devices and cloud-based services.
Growing demand for SSDs in enterprise applications: The enterprise SSD market is expected to grow from .5 billion in 2016 to .8 billion by 2021, at a CAGR of 22%. This growth can be attributed to the growing need for fast, reliable, and energy-efficient storage solutions in enterprise applications such as big data analytics, online transaction processing (OLTP), and virtual desktop infrastructure (VDI).
Proliferation of Internet of Things (IoT) devices: The number of IoT devices is projected to reach 20 billion by 2020, resulting in an exponential increase in the amount of data that needs to be stored locally on these devices as well as remotely on servers or clouds . This will create a large demand for low-cost, high-capacity HDDs and SSDs over the next few years .


Get Free Sample Report
Scope Of The Report
Report Attributes
Report Details
Report Title
Hard Disk Drive (HDD) and Solid State Drive (SSD) Market Research Report
By Type
Hard Disk Drive (HDD), Solid State Drive (SSD)
By Application
Enterprise, Client
By Companies
Seagate, Hitachi, Intel, Samsung, Sandisk, Micron Technology, Corsair, Plextor, Galaxy Technology, Shinedisk, Biwin, Adata, SanDisk/WDC, Toshiba, Micro, SK Hynix, Kingston, Lite-On, Transcend
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.

Global Hard Disk Drive (HDD) and Solid State Drive (SSD) Market Report Segments:
The global Hard Disk Drive (HDD) and Solid State Drive (SSD) market is segmented on the basis of:
Types
Hard Disk Drive (HDD), Solid State Drive (SSD)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Enterprise, Client
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Seagate
Hitachi
Intel
Samsung
Sandisk
Micron Technology
Corsair
Plextor
Galaxy Technology
Shinedisk
Biwin
Adata
SanDisk/WDC
Toshiba
Micro
SK Hynix
Kingston
Lite-On
Transcend



Get Free Sample Report

Highlights of The Hard Disk Drive (HDD) and Solid State Drive (SSD) Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Hard Disk Drive (HDD)
Solid State Drive (SSD)
By Application:
Enterprise
Client
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Hard Disk Drive (HDD) and Solid State Drive (SSD) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

Frequently Asked Questions?