Global External Hard Drive Market Report and Forecast 2025-2034

External Hard Drive Market Growth

Growing demand for data storage, the rising popularity of SSDs and the growth of the gaming sector are some of the crucial factors boosting the market growth. With the proliferation of high-quality images and videos as well as the installation of games with large storage capacity, there has been an increased demand for hard drives with large data storage. Moreover, external SSDs are gaining popularity as they electronically store data and do not pose any risk of mechanical failure due to the lack of moving parts.

The gaming culture has become even more prevalent in recent years due to the rising trend of live-streaming games on Twitch and YouTube. This directly influences the gaming market and leads to the development of large-size games, which necessitates the requirement of more storage space for game libraries and downloadable content (DLC). External hard drives provide the optimal solution for storage expansion without affecting the performance of the game.

The rising adoption of Thunderbolt and USB 4 connectivity standards which is supporting the development of external hard drives with superior performance and blazing-fast speed is a prominent trend increasing the external hard drive market share. There is also a high demand for rugged external hard drives which offer maximum protection against water, dust, and shock, making them preferable for people working in harsh or outdoor fieldworks.

The launch of innovative hard drives with superior capabilities is witnessing an upward trajectory. For example, Toshiba announced the launch of MG10F, a 22 TB hard drive, on September 27th, 2023, which offers a 512 MB cache along with a 5-year warranty.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

External Hard Drive Industry Segmentation

Leading Companies in External Hard Drive Market

The market players are offering large storage space to gain a competitive edge in the market.

• Seagate Technology Holdings PLC 

• Western Digital Corporation 

• Toshiba Corporation 

• Sony Corp. 

• Transcend Information, Inc. 

• Samsung Electronics Co., Ltd. 

• Lenovo Group Limited 

• Kingston Technology Company, Inc. 

• ADATA Technology Co., Ltd. 

• HP Inc

• Buffalo Americas Inc. 

• Others