External Hard Disk Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR70875
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 External Hard Disk Market - 2021-2025

The external hard disk market size is expected to reach a value of USD 2.70 billion, at a CAGR of 5.87%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as multiple advantages of external hard disks are projected to significantly support market growth during the forecast period. Our research experts have thoroughly evaluated and covered the latest trends and challenges that will have a far-reaching effect on the market growth.

External Hard Disk Market Size

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External Hard Disk Market Segments

From this Technavio report, get actionable insights on the external hard disk market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by application (personal computers and enterprise applications) and geography (APAC, North America, Europe, South America, and MEA) in this external hard disk market report to pursue growth opportunities.

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. This research report entails a thorough qualitative and quantitative analysis on the post-pandemic external hard disk market predictions on consumer demand changes for 2021-2025.

External Hard Disk Market Vendors and Competitive Analysis

Technavio research specialists have included significant well-thought-out business planning approaches of key players in this report. The external hard disk market is fragmented and the vendors are deploying growth strategies such as advances in technology to gain a competitive advantage.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Get the full report to understand the COVID-19 impact on the growth of the external hard disk market share during 2021-2025.

The external hard disk market forecast report comprises complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

External Hard Disk Market Vendors

External Hard Disk Market - Region Opportunities 2021-2025

41% of the external hard disk market growth will originate from APAC during the forecast period. China and Japan are the key markets for external hard disk market in APAC. This report encompasses exclusive information on potential business locations and understands the demographics of current and prospective customers.

External Hard Disk Market Share by Geography

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APAC has been exhibiting a significant growth rate for external hard disk market vendors. Factors such as the presence of a large number of PC manufacturers are accelerating the external hard disk market growth in APAC. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click on the image above.

The external hard disk market share growth in APAC will be faster than the growth of the market in other regions. The geographical segmentation in the report has assessed and included details on the competitive intelligence and regional opportunities in store for vendors.

External Hard Disk Market Insights by Application

External Hard Disk Market Share by Application

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The external hard disk market share growth by the personal computers segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the external hard disk market size.

From the external hard disk market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentations will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

External Hard Disk Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding external hard disk market growth is the emergence of cloud storage services. In this research report, our analysts have elucidated exhaustive all key industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

This external hard disk market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.


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External Hard Disk Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive external hard disk market growth during the next five years
  • Precise estimation of the external hard disk market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the external hard disk market across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of external hard disk market vendors

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External Hard Disk Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.87%

Market growth 2021-2025

$ 2.70 billion

Market structure

Fragmented

YoY growth (%)

5.33

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 41%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ADATA Technology Co. Ltd., Apple Inc., Hewlett Packard Enterprise Co., Quantum Corp., Samsung Electronics Co. Ltd., Seagate Technology LLC, Sony Group Corp., Toshiba Corp., Transcend Information Inc., and Western Digital Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Personal computers - Market size and forecast 2020-2025
    • Enterprise applications - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • ADATA Technology Co. Ltd.
      • Apple Inc.
      • Hewlett Packard Enterprise Co.
      • Quantum Corp.
      • Samsung Electronics Co. Ltd.
      • Seagate Technology LLC
      • Sony Group Corp.
      • Toshiba Corp.
      • Transcend Information Inc.
      • Western Digital Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      The external hard disk market growth will increase by $2706.93 million during 2020-2025.
      The external hard disk market is expected to grow at a CAGR of 5.87% during 2020-2025.
      Technavio has segmented the external hard disk market by application (Personal computer and Enterprise applica) and geographic (APAC, North America, Europe, South America, and MEA).
      ADATA Technology Co. Ltd., Apple Inc., Hewlett Packard Enterprise Co., Quantum Corp., Samsung Electronics Co. Ltd., Seagate Technology LLC, Sony Group Corp., Toshiba Corp., Transcend Information Inc., Western Digital Corp. are a few of the key vendors in the external hard disk market.
      APAC will register the highest growth rate of 40.81% among the other regions. Therefore, the external hard disk market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the external hard disk market growth are:
      • Multiple advantages of external hard disks
      The external hard disk market vendors should focus on grabbing business opportunities from the personal computer segment as it accounted for the largest market share in the base year.
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