Global External Hard Disk Market Size Study, by Type (Network-attached Storage HDD, Portable HDD, Desktop HDD), by Application (Personal Computers, Enterprise Applications) and Regional Forecasts 2022-2032

Global External Hard Disk Market Size Study, by Type (Network-attached Storage HDD, Portable HDD, Desktop HDD), by Application (Personal Computers, Enterprise Applications) and Regional Forecasts 2022-2032

Global External Hard Disk Market is valued approximately at USD 8.49 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5.93% over the forecast period 2024-2032. External hard disks are increasingly becoming a vital component for both personal and professional use, as they provide substantial storage solutions beyond the internal limits of computers. These portable storage devices connect through interfaces like USB, Thunderbolt, or eSATA, offering users the flexibility to expand storage capacity, securely back up important data, and transfer files effortlessly between devices. The surge in demand for external SSDs, propelled by the declining Average Selling Price (ASP) of NAND flash memory, has significantly boosted the market. These SSDs offer several advantages, such as enhanced durability, faster data transfer speeds, and improved performance in managing large files and applications, making them an attractive option in digital era.
The market is further driven by the need for substantial storage capacities to support extensive media collections, gaming libraries, and live-streaming activities. The integration of modern interfaces, such as USB 4, ensures rapid data transfer, while rugged designs cater to professionals requiring durable storage solutions in challenging environments. Additionally, the gaming industry, with its expansive libraries and downloadable content, continues to be a major contributor to the growing demand for high-capacity external hard drives. However, the rise of cloud storage services poses a significant challenge to the market. Cloud storage offers advantages such as accessibility from virtually anywhere, enhanced collaboration capabilities, and comprehensive disaster recovery options, which may reduce the dependency on physical external hard drives. Furthermore, the increasing availability of free cloud storage solutions could deter consumers from investing in external storage devices. Despite these challenges, the external hard disk market is expected to experience sustained growth, particularly in the Asia-Pacific region, where rapid technological advancements in the consumer electronics industry and the presence of leading PC manufacturers are key drivers.
The key regions considered for the global External Hard Disk market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the External Hard Disk market in terms of revenue. The market growth in the region is being attributed to factors including surging generation and storage of digital data, fueled by increasing adoption of high-resolution multimedia content, remote work, and online gaming. Additionally, the rising demand for data backup and recovery solutions contributes to the market's growth. Whereas, Asia Pacifc is estimated to be the fastest-growing region during the forecast period, fueled by the region's status as a hub for consumer electronics and the presence of prominent PC manufacturers. The growth in the consumer electronics industry, coupled with the demand for external storage solutions, will significantly contribute to market expansion in this region.
Major market players included in this report are:
Toshiba Corp.
Sony Group Corp.
Intel Corp.
Kingston Technology Co. Inc.
Micron Technology Inc.
Apple Inc.
Hewlett Packard Enterprise Co.
Transcend Information Inc.
Buffalo Americas Inc.
LITE ON Technology Corp.
Quantum Corp.
SK hynix Co. Ltd.
Seagate Technology Holdings Plc
Western Digital Corp.
Samsung Electronics Co. Ltd.

The detailed segments and sub-segment of the market are explained below:
By Type:
• Network-attached Storage HDD
• Portable HDD
• Desktop HDD
By Application:
• Personal Computers
• Enterprise Applications
By Region:
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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