WW HDD Market Value at $38 Billion in 2022

And $81 billion by 2029, 11% CAGR

The HDD Drive Market is reaching a valuation of $38,489.9 million in 2022 to $ 80,873.0 million by 2029 and is expected to exhibit an 11.2% CAGR over the forecast period, 2022-2029. With multiplying data volumes encouraging enterprises to procure upgraded storage technologies, the HDD drive market is set for steady growth during the next decade.

HDD manufacturers launch upgraded hard disk drive storage capacity formats at intervals of every two to three years. This would be a continuing trend in the global hard disk drive market over the forecast period (2022 – 2029), suggests a new Future Market Insights (FMI) report.

As data storage capacities of hard disk drives continue to increase, leading manufacturers such as Toshiba are frequently rolling out hard disk drive storage technology upgrades. Consequently, magnetic storage remains highly preferred option for long-term high-capacity data backup and archiving, which would further push hard disk drive sales.