Overview:

Hard disk drive which is also known as hard drives is an electro-mechanical device. Primarily these drives are used in order to write and read the digital data on the hard disk and is a chief data stooge device in the computers. It is widely used in the commercial as well as government use owing to its increased storage capacity to the terabytes.

Market Dynamics:

Growing adoption of hard disk drives with cloud access for various end use applications across the globe is major factor driving growth of the global hard disk drive market. Additionally, increasing use of the smart phones, laptops, and consumer electronics in the developed as well as emerging economies is another factor anticipated to boost growth of the target market in the near future. Further, increasing need of secure storage of the confidential data has led developments in these disks and thereby fuelling growth of the global market. Also, increasing technological advancements in the hard disk drive is key factor expected to create profitable growth opportunities in the global hard disk drive market.

Key Trends:

Key players operating in the global hard disk drive market are engaging in the strategic partnerships, product launches and the facility expansions in order to strengthen their position in the global market. Fоr instance, in 2019, Buffalo Americas Inc., announce two new capacities in the TS51210 12-bay rackmount family of network attached storage solutions

Regional Analysis:

For detailed understanding of market dynamics, the global marketis analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North Americaaccounts for the major revenue share in 2019, owing to increasing demandfor the hard disk drive in various end use applications in the countries in this region. The market in Asia Pacific is the expected to register significant CAGR during the forecast period. Increasing adoption of the smart phones, laptops, vehicles, and consumer electronics in the region is thereby creating demand for the hard disk drive and boosting growth of the target market in this region.

Scope of the Report:

Detailed Segmentation:

Global Hard Disk Drive Market, By Product Type

• Ѕоlіd Ѕtаtе Drіvеѕ (ЅЅD)
• Месhаnісаl Наrd Dіѕk (НDD)
• Нуbrіd Наrd Dіѕk (ННD)

Global Hard Disk Drive Market, By Application

• Personal Use
• Commercial Use
• Government

Key Players Covered:           

Key players operating in the market includesWеѕtеrn Dіgіtаl Соrр, Тоѕhіbа Соrроrаtіоn, Ѕаmѕung Еlесtrоnісѕ Со, Ltd, Lіtе-Оn Тесhnоlоgу, Іnс, Ѕеаgаtе Тесhnоlоgу РLС, Кіngѕtоn Тесhnоlоgу Соmраnу, Іnс, Вuffаlо Аmеrісаѕ, Іnс, Місrоn Тесhnоlоgу, and ІntеlСоrроrаtіоn.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Hard Disk Drive Market by product type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.