Global Hard Disk Drive Market Type (SSD, HDD, HHD), By Application (Personal Use, Commercial Use, Government and Others) and By Regions - Global Forecast 2030

This report presents a thorough study of revenues, historical data, information, key developments, and strategies by major players that offer vital insights and perspectives into various scenarios market.

Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries.

It also covers threats or challenges for existing as well as new entrants in the market. The global hard disk drive market has been segmented on the basis of type, application, as well as region, and country.

Global Hard Disk Drive Market Overview:

“The global On-Site Hydrogen Generator market size is expected to be worth around US$ 234.5 million by 2021 from US$ X.xx million in 2031, growing at a CAGR of 12.1% during the forecast period 2021 to 2031.”

A Hard Disk Drive (HDD), hard disk, fixed disk, or hard drive, is an electromechanical data storage device that stores and retrieves digital data using magnetic storage, and one or more rigid, rapidly rotating platters coated with magnetic material.

The anticipated increase in internet protocol traffic in public cloud data centers is expected to result in a drastic increase in the demand for data storage devices. This is a major factor that is slated to continue to fuel the revenue growth of the global hard disk drive market over the next 10 years.

Moreover, the gradual increase in various end-user applications such as in government, commercial, and personal segments respectively is also a factor that is expected to further complement market growth opportunities for this global industry in the years to come.

Furthermore, the growing adoption of cloud storage solutions for varying applications, as well as the steady growth being experienced by the laptop sector is also primary factors that are anticipated to augment revenue growth for the global hard disk drive market in the near future.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies.

The global hard disk drive market is no different, and this factor is anticipated to have a negative impact on the revenue growth of this industry.

Additionally, the surging popularity of smartphones in recent years is steadily phasing out the use of personal computers, and this is a factor that could potentially hamper the future revenue growth of the global hard disk drive market.

Although the markets for hard disk drives in various developed regions are presently mature, key industry players are now focusing their efforts on the increased market penetration of emerging economies. This is another factor that is anticipated to significantly boost the revenue growth of the global hard disk drive market in the coming years.

In terms of product type, the Hard Disk Drive(HDD) segment accounted for the maximum number of revenue shares of the global hard disk drive market in 2020 and is expected to index a high CAGR over the forecast period. However, the Solid State Drive (SSD) segment is anticipated to index the highest CAGR over the next 10 years.

With regards to application, the commercial use segment accounted for the highest number of revenue shares of the global hard disk drive market in 2020 and is anticipated to continue to do so over the next decade. The government application segment is also indicative of registering a high CAGR over the forecast period.

The markets in China accounted for the maximum number of revenue shares of the global hard disk drive market in 2020 and are indicative of remaining this industry’s front-runner over the next decade. The markets in the United States of America and Europe are expected to register high CAGRs respectively over the course of the forecast period.

Segmentation of the Global Hard Disk Drive Market:

Segmentation by Type:

• SSD
• HDD
• HHD

Segmentation by Application:

• Personal Use
• Commercial Use
• Government
• Others

Segmentation by Regions:

• North America
• Europe
• APAC
• Latin America
• MEA