The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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An external hard disk or hard drive refers to a flat circular electromagnetic storage medium for a computer. It is generally manufactured by using aluminum or glass and rotating platters that are coated with magnetic materials.
External hard disk is portable, offers higher speed, exhibits enhanced physical shock-resistant properties, lesser data access latency, etc. In addition to this, it assists in saving files from various devices in a convenient manner.
Furthermore, the external hard disk generates low heat and ensures minimal power consumption. Consequently, it is extensively used across numerous enterprises for eliminating mechanical failures, thereby enhancing the overall operational performance.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
Global External Hard Disk Industry Trends and Drivers:
The expanding information technology (IT) sector, the inflating need for effective data storage solutions across organizations for performing backup and archiving information, and the growing digitalization, are primarily driving the external hard disk market.
Additionally, the increasing prevalence of computer crash and cyberattacks that can delete files and provide data access to unauthorized users is further stimulating the market growth. Besides this, the easy availability of external hard disks via online and offline organized retail channels and the rising penetration of high-end cloud computing interfaces are acting as significant growth-inducing factors.
Moreover, the introduction of peripheral component interconnect express (PCIe) and non-volatile memory express (NV Me) interfaces that offer high-performance services with improved frequency is also positively influencing the global market. Apart from this, the development of sleek, attractive, and cost-effective product variants is anticipated to fuel the external hard disk market over the forecasted period.
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Global External Hard Disk Market Segmentation:
The market is segmented in on the basis of type, end use and region.
- End use
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report also provides insights on the competitive landscape of the global external hard disk industry with the leading players profiled in the report.
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