External Hard Disk Market Size to grow by USD 3343.7 million between 2024-2028
According to a research report “ External Hard Disk Market” by Application (Personal computers, Enterprise applications) Type (Network-attached storage HDD, Portable HDD, Desktop HDD) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 3343.7 million, at a CAGR of 5.93% during the forecast period. In the realm of data storage solutions, high capacity external hard disks offer businesses a significant expansion of their digital archive capabilities. With storage capacities exceeding 16 Terabytes (16,384 GB), these devices enable organizations to store vast amounts of data files in various sizes and formats. Connecting effortlessly via USB, external hard disks serve as an extension of a system's internal storage. For optimal performance, USB 2.0 and FireWire 800 connectors offer transfer rates of up to 480 Mbps and 800 Mbps, respectively. Additionally, drives with high RPM further enhance data transfer speeds, making external hard disks a valuable investment for businesses seeking efficient and expansive data storage solutions.
Browse market data tables, figures, and in-depth TOC on “External Hard Disk Market” by Application (Personal computers, Enterprise applications) Type (Network-attached storage HDD, Portable HDD, Desktop HDD) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Application, the Personal computers segment is projected to dominate the market size in 2024
In the business realm, Network-Attached Storage (NAS) serves as a centralized solution for data access and retrieval, catering to multiple users and diverse client devices via Ethernet connection on a Local Area Network (LAN). NAS functions as a dedicated file storage system, with each device holding a unique Internet Protocol (IP) address on the LAN. Devoid of a keyboard and screen, NAS devices are configured and managed through browser-based applications. Homeowners leverage NAS systems for automating backups, multimedia file storage and serving, among other applications. Hard Disk Drives (HDDs) are the primary data delivery devices for NAS systems.
By Type, Network-attached storage HDD segment is expected to hold the largest market size for the year 2024
In the realm of data storage solutions for laptops and desktop computers, the market for external Portable Hard Disk Drives (HDDs) is experiencing steady growth. This trend is primarily driven by the fact that the majority of internal storage capacities range from 250 GB to 2 TB. While users leverage External Solid State Drives (SSDs) for performance enhancement, the cost-effective nature of HDDs makes them a preferred choice for storing and transferring large data sets. External HDDs, particularly those with capacities under 1 TB and 2 TB, are extensively utilized in personal computer applications. These drives serve as essential tools for storing and transferring software, high-definition multimedia content, and digital editing applications such as video editing, photo editing, digital illustration, 3D rendering, audio editing, advanced simulation, and high-performance gaming. Despite the availability of External SSDs, HDDs remain a viable and cost-effective option for users seeking to expand their storage capacity.
APAC is forecasted to hold the largest market size by region in 2024
The external hard drive market represents a significant growth opportunity for technology businesses. With the increasing demand for data storage solutions, particularly in the wake of remote work and the proliferation of high-definition media, external hard drives have become an essential business tool. These devices offer scalable, portable, and cost-effective storage solutions for businesses, enabling them to manage and protect their critical data efficiently.
The External Hard Disk Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
External hard drives have become an essential accessory for storing large files such as high-quality videos, games with massive game libraries and DLC, and high-resolution images. These portable data storage devices are designed to withstand various environmental conditions, including dust and water, making them ideal for on-the-go use. With the advent of USB 4 connectivity standards, external hard drives and even external SSDs now offer faster data transfer rates, allowing users to quickly move large files between devices. The gaming sector has seen a significant increase in the use of external hard drives, as gamers require more storage space for their growing game libraries and the increasing size of downloadable content (DLC). Live-streamers also rely on external hard drives to store their videos and high-quality images. External hard drives and SSDs come in various storage capacities, from Megabytes to Terabytes, catering to different user needs. Whether you're a gamer, a creative professional, or simply need additional storage for your computer, external hard drives offer a reliable and convenient solution. Software developers and businesses also use external hard drives to backup important files and folders. Flash drives, although smaller in size, are still useful for transporting individual files or smaller projects. In summary, external hard drives and SSDs offer a versatile and essential solution for storing and transporting large files, making them an indispensable tool for individuals and businesses alike.
Market Research Overview
External hard drives have become an essential tool for both individuals and enterprises to store and transport large amounts of data. In the current digital age, offline data storage remains crucial, especially in industries like gaming and multimedia. The external hard drive market caters to various storage capacities, including Above 4 TB, 1 TB to 4 TB, and Below 1 TB. In the gaming sector and PC sector, high-capacity external hard drives are popular for storing game libraries, downloadable content (DLC), and live-streaming videos. For shock, dust, and water resistance, enterprises opt for ruggedized designs. The latest external hard drives support USB 4 connectivity standards, ensuring high-speed data transfer. External SSDs are gaining popularity due to their compact size, high-speed data transfer, and durability. In the gaming sector, these drives offer an edge in loading games quickly. Desktop computers and laptops are the primary users of external hard drives and external SSDs. Data centers, video conferencing tools like Zoom, and online video platforms require massive storage capacity. Cloud storage has become a popular alternative, but for large files and backup purposes, external hard drives remain indispensable. The integration of RGB LED illumination and HDD designs adds a touch of style to these devices. The market for external hard drives and external SSDs continues to grow, driven by the increasing internet population and internet users, high-speed internet infrastructure, and the growing need for data storage in various sectors. In summary, external hard drives and external SSDs cater to various industries, including gaming, multimedia, and enterprises, offering high-capacity storage solutions for data backup, game libraries, and multimedia files. With advancements in technology, these devices continue to evolve, offering faster data transfer rates, durability, and style.
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Jesse Maida
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