Asia Pacific External Hard Drive Market Report and Forecast 2024-2032

Asia Pacific External Hard Drive Market Outlook

The Asia Pacific external hard drive market size reached USD 9.32 billion in 2023.

Key Takeaways:

• According to the MoMSME, there were 12.61 million microenterprises in India as per Udayam registrations in December 2022.

• According to the report by MoE China, 291 million students enrolled in all types of educational institutions in 2021.

• The National Energy Administration of China reports that the amount of power used in 2023 was 9.22 trillion kilowatt-hours.

Enterprises drive the Asia Pacific external hard drive market growth due to rising digital content consumption, expanding businesses, and growing data security awareness.

With the increasing reliance of businesses on data, there is increasing demand for external hard drives for backup and storage purposes. External hard drive provides reliable and cost-effective solutions for data backup allowing companies to produce copies of critical information. These data play a pivotal role in further driving the growth of companies that require encryption capabilities to ensure the confidentiality of their sensitive data and mitigate the risk of data breaches.

In October 2023, Samsung launched its flagship Portable Solid-State Drive T9, targeting professionals who were looking for exceptional performance and reliability features. Featuring a USB 3.2 Gen 2x2 interface with sleek design and rubber exterior protection it can also read/write at a speed of 2,000 MB/s, twice as fast as its predecessor.

On a personal level, external drives are used to store high-resolution media, large-size files and digital libraries to empty up their laptop space. External hard drives offer a convenient and portable solution for storing videos, documents, and other digital content.

Market Segmentation

The Asia Pacific External Hard Drive Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Storage Capacity

• Below 1 TB 

• 1 TB To 4 TB

• Above 4 TB

Market Breakup by Application

• Enterprises 

• Personal 

Market Breakup by Distribution Channel

• Online 

• Offline

Market Breakup by Country

• China

• Japan

• India

• ASEAN

• Australia

• Others

The Asia Pacific external hard drive market key players are Seagate Technology Holdings PLC, Western Digital Corporation, Toshiba Corporation, Sony Corp., Transcend Information, Inc., Samsung Electronics Co., Ltd., Kingston Technology Company, Inc., ADATA Technology Co., Ltd., HP Inc., and ORICO Technologies Co., Ltd., among others.

Key Highlights of the Report