About Hard Drives
A hard dive is also known as hard disk drive (HDD) is a non-volatile computer storage device which contain magnetic disks or platters rotating at high speeds. It is a secondary storage device used to store data permanently, whereas RAM is the primary memory device. Non-volatile means data is reserved when the computer is turned off. A hard disk contains of a stack of disk platters that are made up of aluminum alloy of glass coated with a magnetic material. The global hard drive market is expected to witness a significant growth in near future owing to investment in technology.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
With technological progress continuing every moment, today the security features with remote identification via the internet are possible. Popularly known as the Internet of Things (IoT). As the market is increasing the near future is expected to attract high investment and generate higher revenue. Analyst at AMA Research estimates that United States and Japanese Players will contribute the maximum growth to Global Hard Drives market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Intel (United States), Hitachi (Japan), Toshiba (Japan), Seagate (United States), Sandisk (United States), Adata (Taiwan), Kingston Digital (United States), Corsair (United States), Biwin (China), Micron (United States) and Samsung (South Korea) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Liteon (Taiwan), Plextor (Japan), Western Digital (United States) and Fusion-Io (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hard Drives market by Type (SSD (Solid State Drives), HDD (Mechanical Hard Disk) and HHD (Hybrid Hard Disk)), Application (Personal, Commercial, Industrial and Other) and Region.
On the basis of geography, the market of Hard Drives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Hard Drives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. OEM will boost the Hard Drives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Upgradation in the technology
Market Growth Drivers:
Investment in Technology is Rapidly Increasing and Increasing Demand and Adaptation in Cloud Storage
Challenges:
Gradual Failure of a Hard Disk is Hard to Detect
Restraints:
Reduction in Demand of Personal Computers and Notebook
Opportunities:
High Demand for Flexible Display Technology in Computer Devices
Market Leaders and their expansionary development strategies
In SEPTEMBER 2020, Stellar, a global leader in data recovery, data erasure, and data migration solutions, launched of BitRaser®, a simple, powerful data erasure and diagnostic tool which enables users to permanently erase all data from storage devices. The technology guarantees permanent wiping of data from hard drives, SSD, PC, laptop, Mac, Servers & Mobile Devices to secure data privacy at the end of storage device lifecycle.
In September 2023, Toshiba Electronics Europe GmbH the launched of its MG10F Series 22TB [1] HDD, a conventional magnetic recording (CMR) HDD that leverages Toshiba's 10-disk helium-sealed design. As a key building block in cloud and storage infrastructure, the MG10F 22TB delivers 10% more capacity than Toshiba's previous generation 20TB model.
Key Target Audience
Suppliers of Hardware Devices, Wholesalers, Distributors and Retailers of Computers, Laptops, IT Industry and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.