The global external hard disk market to grow at a CAGR of 2.9% during the period 2016-2020.
Global External Hard Disk Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
HDDs are classified into different categories such as digital, magnetic, non-volatile, random access, and data storage devices. There are two types of HDDs: internal HDDs and external hard disks. An internal HDD is an HDD that resides inside a computer and stores user's software and personal files. An external hard disk resides outside a computer, and it is used when the internal hard disk drive memory of a computer is not sufficient.
A trend which has helped to boost market growth tremendously is the innovation of high-storage portable external hard disks. In March 2016, Seagate introduced Innov8, world's biggest portable external hard disk with a capacity of 8 TB. It uses a USB 3.1 standard cable which supplies power of up to 100 W to connected devices to power itself from a single USB port. This new product from Seagate will have a major impact on the market as it is portable and USB powered.
According to the report, a key growth driver is the multiple advantages offered by external hard disks. For instance, the extra space offered by portable external hard disks frees up additional space. the disk space on the workstation is full, functions such as video editing become difficult. This issue can be overcome by using hard drives for such specific purposes. Different drives can be used for different types of projects.
Further, the report states that one challenge that could restrict market growth is the emergence of cloud-storage services.
- Western Digital - Seagate Technology - Toshiba
Other prominent vendors
- Fujitsu - Hitachi - Samsung Electronics
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Comparison of HDDs and SSDs
Part 06: Comparison of cloud and external hard disks