Worldwide Hard Disk Drive Component Forecast, 2024–2028
This IDC study analyzes the hard disk drive component market for 2024–2028."The HDD industry is coming out of an extended digestion phase with the hyperscale cloud service providers having worked through their excess inventories," according to Ed Burns, research director of Hard Disk Drive and Storage Technologies at IDC. "Demand is expected to exceed supply over the near term, and the long-term growth prospects for HDD exabyte demand continue to look bright, bolstered by the increasing value of data in an AI world."
Please Note: Extended description available upon request.
- IDC Market Forecast Figure
- Executive Summary
- Advice for Technology Suppliers
- Market Forecast
- Key HDD Component Market Forecast Assumptions for 2024–2028
- Market Context
- Drivers and Inhibitors
- Drivers
- Volume of Data Generated and Stored in Datacenters Continues to Grow over the Long Term
- GenAI Is Expected to Support Incremental Growth in Storage for Datacenter Environments
- Expanding Use of Video Surveillance and Video Analytics
- Inhibitors
- New Technology Innovations
- Generative Artificial Intelligence
- Significant Market Developments
- Changes from Prior Forecast
- Market Definition
- Methodology
- IDC's Worldwide HDD Component Research and Data Modeling Process
- Related Research
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