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Report Scope & Overview:

The global External Hard Drive market was valued at USD 33.48 billion in 2022 and is projected to reach USD 100.33 billion by 2032, registering a CAGR of 11.6% for the forecast period 2023-2032.


External Hard Drive Market Overview:
Global External Hard Drive Market research provides insights into consumer behavior, industry trends, and market competition through the use of various research techniques, including surveys, interviews, and data analysis. The industry serves a wide range of clients, including businesses, government agencies, and non-profit organizations. External Hard Drive Market is highly diverse, with a range of services and specialties, including quantitative and qualitative research, brand research, product testing, customer satisfaction research, and competitive analysis.
Overall, External Hard Drive market plays a crucial role in helping businesses and organizations make informed decisions based on data-driven insights. As the demand for data-driven decision-making continues to grow, External Hard Drive market research is expected to experience further growth and innovation in the coming years.

DESCIMG1

The External Hard Drive Market, catering to personal and professional storage needs, is influenced by several key dynamics:

  1. Data Explosion and Storage Needs: The exponential growth of data due to digital content creation, high-resolution media, and increased data-driven activities has amplified the demand for external hard drives offering high-capacity storage solutions.
  2. Portability and Convenience: Consumer preferences lean towards portable and lightweight external hard drives, allowing users to store, access, and transfer data conveniently across various devices without relying solely on internal storage.
  3. Backup and Data Security: External hard drives serve as backup devices for data redundancy and security, offering users a physical backup solution for their important files, mitigating risks associated with data loss.
  4. Advancements in Connectivity: Evolving connectivity standards such as USB 3.0, USB-C, Thunderbolt, and wireless options have enhanced data transfer speeds and convenience, influencing consumers' choices when selecting external hard drives.
  5. Gaming and Entertainment Industry Demands: The gaming industry's rapid growth and the need for additional storage in consoles and gaming PCs have contributed significantly to the demand for high-capacity external hard drives.
  6. Cloud Storage Competition: External hard drives face competition from cloud storage services, offering remote accessibility and scalable storage options. However, concerns regarding data privacy, security, and ongoing subscription costs maintain the appeal of physical storage solutions.
  7. Price Sensitivity and Affordability: Price points and cost-per-terabyte considerations significantly influence consumer purchasing decisions, making affordability a crucial factor in the market.

 

Report Attribute/MetricDetails
Market Size 2022USD 33.48 billion
Market Size 2032USD 100.33 billion
Compound Annual Growth Rate (CAGR)11.6% ( 2023-2032)
Base Year2022
Forecast Period2023-2032
Historical Data2018-2022
Forecast UnitsValue ( USD Billion)
Report CoverageRevenue Forecast, Competitive Landscape,
Growth Factors, and Trends 
By Type• HDD
• SSD
By Application• Personal Use
• Commercial Use
Key Companies Profiled• Seagate
• Western Digital
• Toshiba
• Eaget
• Lenovo
• Founder
Regions and Key Countries CoveredU.S., Canada, and Mexico in North America, Germany, France, U.K.,
Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium,
and Rest of Europe in Europe, Singapore, Malaysia, Australia,
Thailand, Indonesia, Philippines, China, Japan, India,
South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC),
Saudi Arabia, U.A.E, South Africa, Egypt, Israel,
Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA),
and Argentina, Brazil, and Rest of South America as part of South America
Customization ScopeAvailable on Request


Market Segmentations:

Global External Hard Drive Market: By Company
• Seagate
• Western Digital
• Toshiba
• Eaget
• Lenovo
• Founder

Global External Hard Drive Market: By Type
• HDD
• SSD

Global External Hard Drive Market: By Application
• Personal Use
• Commercial Use

Global External Hard Drive Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global External Hard Drive market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Reasons to Purchase External Hard Drive Market Report:
• To gain insights into market trends and dynamics: this reports provide valuable insights into industry trends and dynamics, including market size, growth rates, and key drivers and challenges.
• To identify key players and competitors: this research reports can help businesses identify key players and competitors in their industry, including their market share, strategies, and strengths and weaknesses.
• To understand consumer behavior: this research reports can provide valuable insights into consumer behavior, including their preferences, purchasing habits, and demographics.
• To evaluate market opportunities: this research reports can help businesses evaluate market opportunities, including potential new products or services, new markets, and emerging trends.
• To make informed business decisions: this research reports provide businesses with data-driven insights that can help them make informed business decisions, including strategic planning, product development, and marketing and advertising strategies.

Objectives of External Hard Drive Market Study:
The objectives of External Hard Drive market research report may vary depending on the specific needs and goals of the business or organization commissioning the report. However, some common objectives of market research reports include:
• Understanding the market size and potential: One of the primary objectives of External Hard Drive market research is to understand the size and potential of a particular market. This includes analyzing market trends and dynamics, identifying key players and competitors, and assessing the demand for products or services.
• Identifying target customers and segments: this market research reports can help businesses identify and understand their target customers and market segments, including their preferences, behaviors, and demographics. This information can be used to develop targeted marketing and advertising strategies.
• Evaluating product or service performance: this market research reports can provide valuable insights into the performance of products or services, including customer satisfaction, product usage, and product quality. This information can be used to improve products or services and enhance customer satisfaction.
• Assessing market opportunities and threats: this market research reports can help businesses identify potential market opportunities and threats, including emerging trends, competitive threats, and new market entrants. This information can be used to develop strategic plans and make informed business decisions.
• Developing effective marketing and advertising strategies: this market research reports can help businesses develop effective marketing and advertising strategies by providing insights into customer preferences and behavior, competitive dynamics, and market trends. This can help businesses improve brand awareness, customer engagement, and overall marketing effectiveness.

Frequently Asked Questions

  The External Hard Drive Market comprises storage devices designed for external use, offering additional storage capacity for personal and professional needs outside of internal device storage.

  Factors driving demand include the exponential growth of data, portability and convenience, data backup and security needs, advancements in connectivity, gaming and entertainment industry demands, and competition from cloud storage.

  External hard drives serve as reliable backup devices, providing users with a physical solution for data redundancy and security, reducing the risk of data loss.

  Evolving connectivity standards such as USB 3.0, USB-C, Thunderbolt, and wireless options enhance data transfer speeds and convenience, influencing consumer preferences for external hard drives.

  While cloud storage offers remote accessibility and scalability, concerns regarding data privacy, security, ongoing subscription costs, and the appeal of physical storage solutions maintain the relevance of external hard drives.

TABLE OF CONTENT

1 External Hard Drive Market Overview
1.1 Product Definition
1.2 External Hard Drive Segment by Type
1.2.1 Global External Hard Drive Market Value Growth Rate Analysis by Type 2023 VS 2032
1.2.2 HDD
1.2.3 SSD
1.3 External Hard Drive Segment by Application
1.3.1 Global External Hard Drive Market Value Growth Rate Analysis by Application: 2023 VS 2032
1.3.2 Personal Use
1.3.3 Commercial Use
1.4 Global Market Growth Prospects
1.4.1 Global External Hard Drive Production Value Estimates and Forecasts (2017-2032)
1.4.2 Global External Hard Drive Production Capacity Estimates and Forecasts (2017-2032)
1.4.3 Global External Hard Drive Production Estimates and Forecasts (2017-2032)
1.4.4 Global External Hard Drive Market Average Price Estimates and Forecasts (2017-2032)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global External Hard Drive Production Market Share by Manufacturers (2017-2023)
2.2 Global External Hard Drive Production Value Market Share by Manufacturers (2017-2023)
2.3 Global Key Players of External Hard Drive, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global External Hard Drive Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global External Hard Drive Average Price by Manufacturers (2017-2023)
2.6 Global Key Manufacturers of External Hard Drive, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of External Hard Drive, Product Offered and Application
2.8 Global Key Manufacturers of External Hard Drive, Date of Enter into This Industry
2.9 External Hard Drive Market Competitive Situation and Trends
2.9.1 External Hard Drive Market Concentration Rate
2.9.2 Global 5 and 10 Largest External Hard Drive Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 External Hard Drive Production by Region
3.1 Global External Hard Drive Production Value Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
3.2 Global External Hard Drive Production Value by Region (2017-2032)
3.2.1 Global External Hard Drive Production Value Market Share by Region (2017-2023)
3.2.2 Global Forecasted Production Value of External Hard Drive by Region (2023-2032)
3.3 Global External Hard Drive Production Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
3.4 Global External Hard Drive Production by Region (2017-2032)
3.4.1 Global External Hard Drive Production Market Share by Region (2017-2023)
3.4.2 Global Forecasted Production of External Hard Drive by Region (2023-2032)
3.5 Global External Hard Drive Market Price Analysis by Region (2017-2023)
3.6 Global External Hard Drive Production and Value, Year-over-Year Growth
3.6.1 North America External Hard Drive Production Value Estimates and Forecasts (2017-2032)
3.6.2 Europe External Hard Drive Production Value Estimates and Forecasts (2017-2032)
3.6.3 China External Hard Drive Production Value Estimates and Forecasts (2017-2032)
3.6.4 Japan External Hard Drive Production Value Estimates and Forecasts (2017-2032)
3.6.5 South Korea External Hard Drive Production Value Estimates and Forecasts (2017-2032)
4 External Hard Drive Consumption by Region
4.1 Global External Hard Drive Consumption Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
4.2 Global External Hard Drive Consumption by Region (2017-2032)
4.2.1 Global External Hard Drive Consumption by Region (2017-2023)
4.2.2 Global External Hard Drive Forecasted Consumption by Region (2023-2032)
4.3 North America
4.3.1 North America External Hard Drive Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.3.2 North America External Hard Drive Consumption by Country (2017-2032)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe External Hard Drive Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.4.2 Europe External Hard Drive Consumption by Country (2017-2032)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific External Hard Drive Consumption Growth Rate by Region: 2018 VS 2023 VS 2032
4.5.2 Asia Pacific External Hard Drive Consumption by Region (2017-2032)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa External Hard Drive Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.6.2 Latin America, Middle East & Africa External Hard Drive Consumption by Country (2017-2032)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global External Hard Drive Production by Type (2017-2032)
5.1.1 Global External Hard Drive Production by Type (2017-2023)
5.1.2 Global External Hard Drive Production by Type (2023-2032)
5.1.3 Global External Hard Drive Production Market Share by Type (2017-2032)
5.2 Global External Hard Drive Production Value by Type (2017-2032)
5.2.1 Global External Hard Drive Production Value by Type (2017-2023)
5.2.2 Global External Hard Drive Production Value by Type (2023-2032)
5.2.3 Global External Hard Drive Production Value Market Share by Type (2017-2032)
5.3 Global External Hard Drive Price by Type (2017-2032)
6 Segment by Application
6.1 Global External Hard Drive Production by Application (2017-2032)
6.1.1 Global External Hard Drive Production by Application (2017-2023)
6.1.2 Global External Hard Drive Production by Application (2023-2032)
6.1.3 Global External Hard Drive Production Market Share by Application (2017-2032)
6.2 Global External Hard Drive Production Value by Application (2017-2032)
6.2.1 Global External Hard Drive Production Value by Application (2017-2023)
6.2.2 Global External Hard Drive Production Value by Application (2023-2032)
6.2.3 Global External Hard Drive Production Value Market Share by Application (2017-2032)
6.3 Global External Hard Drive Price by Application (2017-2032)
7 Key Companies Profiled
7.1 Seagate
7.1.1 Seagate External Hard Drive Corporation Information
7.1.2 Seagate External Hard Drive Product Portfolio
7.1.3 Seagate External Hard Drive Production, Value, Price and Gross Margin (2017-2023)
7.1.4 Seagate Main Business and Markets Served
7.1.5 Seagate Recent Developments/Updates
7.2 Western Digital
7.2.1 Western Digital External Hard Drive Corporation Information
7.2.2 Western Digital External Hard Drive Product Portfolio
7.2.3 Western Digital External Hard Drive Production, Value, Price and Gross Margin (2017-2023)
7.2.4 Western Digital Main Business and Markets Served
7.2.5 Western Digital Recent Developments/Updates
7.3 Toshiba
7.3.1 Toshiba External Hard Drive Corporation Information
7.3.2 Toshiba External Hard Drive Product Portfolio
7.3.3 Toshiba External Hard Drive Production, Value, Price and Gross Margin (2017-2023)
7.3.4 Toshiba Main Business and Markets Served
7.3.5 Toshiba Recent Developments/Updates
7.4 Eaget
7.4.1 Eaget External Hard Drive Corporation Information
7.4.2 Eaget External Hard Drive Product Portfolio
7.4.3 Eaget External Hard Drive Production, Value, Price and Gross Margin (2017-2023)
7.4.4 Eaget Main Business and Markets Served
7.4.5 Eaget Recent Developments/Updates
7.5 Lenovo
7.5.1 Lenovo External Hard Drive Corporation Information
7.5.2 Lenovo External Hard Drive Product Portfolio
7.5.3 Lenovo External Hard Drive Production, Value, Price and Gross Margin (2017-2023)
7.5.4 Lenovo Main Business and Markets Served
7.5.5 Lenovo Recent Developments/Updates
7.6 Founder
7.6.1 Founder External Hard Drive Corporation Information
7.6.2 Founder External Hard Drive Product Portfolio
7.6.3 Founder External Hard Drive Production, Value, Price and Gross Margin (2017-2023)
7.6.4 Founder Main Business and Markets Served
7.6.5 Founder Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 External Hard Drive Industry Chain Analysis
8.2 External Hard Drive Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 External Hard Drive Production Mode & Process
8.4 External Hard Drive Sales and Marketing
8.4.1 External Hard Drive Sales Channels
8.4.2 External Hard Drive Distributors
8.5 External Hard Drive Customers
9 External Hard Drive Market Dynamics
9.1 External Hard Drive Industry Trends
9.2 External Hard Drive Market Drivers
9.3 External Hard Drive Market Challenges
9.4 External Hard Drive Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

Seagate
Western Digital
Toshiba
Eaget
Lenovo
Founder

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