External Hard Drive Market is expected to grow at a CAGR of 7.07% through 2030F
External Hard Drive Market is expected to be led by North America, driven by high demand from both consumers and businesses for data storage solutions during the forecast period.
According to TechSci Research
report, “External Hard Drive
Market - Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2030F, Global External Hard Drive market was valued at USD 57.87 billion in 2024 and is expected to reach USD 87.19 billion by 2030 with a CAGR of 7.07% through 2030. The external hard drive market is seeing a growing trend toward rugged and portable storage devices designed to meet the needs of users who require durable storage solutions for work in challenging environments. These external hard drives are designed to withstand extreme conditions such as shock, dust, water exposure, and temperature fluctuations, making them ideal for fieldwork, outdoor activities, and industries such as construction, engineering, and media production. For example, professionals who work in remote or harsh environments, such as photographers, videographers, and journalists, require external storage devices that can protect sensitive data from damage. Rugged external hard drives are built to endure physical stress, ensuring that data remains intact despite rough handling. Many of these drives also feature water resistance and dustproof capabilities, adding an extra layer of protection for users working in challenging conditions. This trend is driven by the growing need for portability and durability, particularly in industries that require frequent travel and data collection in the field. As technology continues to improve, rugged external hard drives are becoming more compact, offering greater storage capacities without compromising their resilience. The increasing demand for rugged and portable storage solutions is expected to fuel the growth of this segment within the external hard drive market, as more consumers and businesses seek reliable devices that can protect their data while allowing for mobility.
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Based on application, Personal backup segment dominated the external hard drive market in 2024 and is expected to maintain its dominance throughout the forecast period. This segment includes
individuals using external hard drives to securely store personal data, such as
documents, photos, videos, and other important files. As data creation continues
to increase globally, individuals are seeking reliable and cost-effective
solutions to back up their digital content, making personal backup a crucial
application for external hard drives. The rise in digital content consumption,
including high-definition media and large files from smartphones, cameras, and
personal computers, has significantly contributed to the growing demand for
external storage devices. With increasing concerns about data loss due to
device failure, cyber threats, and accidental deletion, consumers are becoming
more reliant on external hard drives to safeguard their data offline and ensure
its protection. The segment's dominance is also supported by the widespread use
of external hard drives for personal backup across various consumer groups,
including home users, small businesses, and remote workers who require
efficient, portable, and secure storage solutions. In addition to providing a
physical backup, external hard drives offer an affordable solution compared to
cloud storage, making them particularly appealing in regions where internet
bandwidth or cloud storage costs remain a challenge. Given these factors,
personal backup is expected to continue leading the external hard drive market,
as it fulfills the essential need for data security, storage flexibility, and
cost-effectiveness. The segment's growth will likely remain steady as more
consumers prioritize data protection and storage expansion.
Asia Pacific is the fastest-growing
region for the external hard drive market due to rapid digital transformation,
increased internet penetration, and rising data consumption across countries
like China, India, and Japan. The region's expanding middle class and growing
number of tech-savvy consumers have led to higher demand for personal data
storage solutions. Businesses in Asia Pacific are increasingly adopting
external hard drives for enterprise data storage, backup, and security, further
driving market growth. The region's burgeoning gaming industry, alongside the
increasing use of external hard drives for surveillance and media storage, is
also contributing to the market's expansion. With continuous technological
advancements, Asia Pacific's demand for external storage devices is expected to
accelerate in the coming years.
Key market players in the External Hard
Drive Market are: -
- Toshiba Corporation
- Samsung Electronics Co., Ltd.
- Seagate Technology LLC
- ADATA Technology Co., Ltd.
- Buffalo EU B.V.
- Western Digital Corporation
- Transcend Information, Inc.
- Kingston Technology Company, Inc.
- Micron Technology, Inc.
- Corsair Memory Inc.
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“The external hard drive market is
expected to grow significantly in the future, driven by increasing data
consumption, the demand for secure data backup, and the rise of digital content
creation. As more individuals and businesses generate vast amounts of data, the
need for portable and reliable storage solutions will continue to rise.
Technological advancements, such as higher capacity drives, faster data
transfer speeds, and enhanced durability, will further fuel market growth. The
growing adoption of external hard drives for gaming, media storage, and
enterprise data management will ensure a steady demand, particularly in
emerging markets and regions with high technological adoption.” said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based global
management consulting firm.
“External Hard Drive Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast, Segmented By Capacity (Less than
1TB, 1TB to 5TB, Above 5TB), By End-User (Individual Consumers, Enterprises, Creative
Professionals), By Application (Personal Backup, Enterprise Data Storage, Gaming
Consoles, Surveillance Systems), By Region & Competition, 2020-2030F,”
has evaluated the future growth potential of External Hard Drive Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in External Hard Drive Market.
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