MarketResearch.biz has recently published its market research report titled, “Global Hard Disk Drive Market by Type, by Application, and by Region/ Country (US, Europe, Japan, China, India, Southeast Asia, South America, South Africa, and Rest of the World) – Global Forecast from 2020 to 2029”. The report offers a deep-dive analysis of the global hard disk drive market. It is through systematic and exhaustive research efforts, both primary and secondary, as well as ideal segmentation that the research results have been gleaned over the study period. The report also presents the first five-year cumulative revenue (2020–2024), which is projected to be valued at over US$ 330 Billion, and this is expected to increase quite significantly over the latter part of the five-year forecast period.
Hard disk drive, commonly called as hard drive, HD, or HDD is a non-violate electro-mechanical data hardware device which can be used to permanently store and retrieve data. The hard drive uses single or multiple rigid-rotating disks, coated with magnetic substance in order to store and retrieve digital data. HDD was introduced in 1953 by IBM Corporation as one of the components of IBM 305 RAMAC system.
Browse the full “Global Hard Disk Drive Market By Type, By Application, And By Region/ Country (Us, Europe, Japan, China, India, Southeast Asia, South America, South Africa, And Rest Of The World) – Global Forecast From 2020 To 2029” report at https://marketresearch.biz/report/hard-disk-drive-market/
Global Hard Disk Drive Market: Market Dynamics
Increasing adoption of cloud- storage and data centers by small and medium, and large enterprises across various countries in expected to result in rising demand and need for data storage devices. This is among the major factors expected to drive growth of the global hard disk drive market in the years to come. In addition, increasing need to keep important digital data related to legal documents and financial information and other vital data safe from theft and to reduce paperwork and filing papers, enterprises are opting for hard disk drives to store the data using hard disk drives. This is another major factor propelling growth of the global hard disk drive market. Increasing sales of personal computers in various end-use industries, laptops for residential and commercial use is another factor projected to drive market growth. Increasing digitalization in order to reduce dependency on paperwork is leading to increasing emphasis on incorporating cloud computing for day-to-day activities by small, medium, and large enterprises. This is further leading to rising collection volumes of electronically stored information (ESI), which needs to be stored and protected and retrieved in cases pertaining to the enterprises.
Global Hard Disk Drive Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global hard disk drive market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global hard disk drive market is expected to register a CAGR of 5.3% over the forecast period.
Global Hard Disk Drive Market: Segmental Snapshot
The market report has been segmented on the basis of type, application, and region/ country. The type segment includes Solid State Drives (SSD), Mechanical Hard Disk (HDD), and Hybrid Hard Disk (HHD). The application segment includes personal use, commercial use, government, and others. The regions/ countries include US, Europe, Japan, China, India, Southeast Asia, South America, South Africa, and Rest of the World.
Type: The mechanical hard disk (HDD) segment is expected to account for the highest revenue share as compared to other segments. The Solid State Drives (SSD) segment is projected to register highest CAGR of over 8.3%.
Application: The commercial segment is expected to record highest revenue share in the global market as compared to other segments, and is projected to register highest CAGR of over 6.1%
Region/ Country: The market in the US is expected to record largest revenue share in the global hard disk drive market. The market in China is projected to register the highest growth rate of more than 7.4% over the 10-year forecast period.
Global Hard Disk Drive Market: Competitive Analysis
The research report on the global hard disk drive market includes profiles of some of the major companies such as Samsung Electronics Co., Ltd., Intel Corporation, Toshiba Corporation, Western Digital Corp., Seagate Technology PLC, Micron Technology, Kingston Technology Company, Inc., Lite-On Technology, Inc., and Buffalo Americas, Inc.
“Global Hard Disk Drive Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2020–2029” report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global hard disk drive market for 2019–2029.
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