Middle East and Africa External Hard Drive Market Report and Forecast 2024-2032

Middle East and Africa External Hard Drive Market Size

The Middle East and Africa external hard drive market is projected to grow at a CAGR of 4.9% between 2024 and 2032.

Middle East and Africa External Hard Drive Market Outlook

• As of mid-2022, 557,000 SMEs in the UAE contributed 63.5% to non-oil GDP, according to the government.

• According to the government portal, it is forecasted that there will be 1 million SMEs in the UAE by 2030.

• A report from Saudi Arabia indicated that the number of registered SMEs increased by nearly 10%, reaching 978,445 in 2022.

Middle East and Africa External Hard Drive Market Growth

External hard drives having below 1 TB storage capacity are aimed at users who need extra storage for backing up their important data such as documents, photos, and videos, or transferring data between devices. These drives usually come with a handy and firm design, making them suitable for users who require data on the go and travel a lot. Companies in this segment usually target budget-conscious consumers, including professors and students who use them for storing coursework and projects.

In May 2022, Western Digital launched new storage solutions, which include the massive 26TB Ultrastar DC HC670, designed for data centres based on SMR technology. For NAS users, the WD Red Pro Plus offers conventional magnetic recording without any performance issues. The WD Black SN850X PCIe 4.0 SSD was specifically designed for gamers looking forward to reading speeds up to 7,300 MBps and the new WD Black P40 Game Drive SSD, is an external option with customisable RGB lights.

Hard drives with capacities ranging from 1 TB to 4 TB set an equilibrium between storage space and performance, making them suitable for different sets of users varying from academia to business professionals. These external devices provide enough storage options for storing large multimedia files, comprehensive document archives, and system backups, providing good backup and storage options to photographers, videographers, and graphic designers who need to manage large files and projects.

Middle East and Africa External Hard Drive Industry Segmentation

Middle East and Africa 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

• Offline 

• Online

Market Segmentation by Country

• Saudi Arabia

• United Arab Emirates

• Nigeria

• South Africa

• Others

Middle East and Africa External Hard Drive Market Share

The market is divided into offline and online sales channels based on distribution. Offline channels, such as physical retail stores and electronics shops, allow customers to physically interact with products, increasing trust. Online channels, including e-commerce platforms like Amazon and Flipkart, provide a wide range of options with detailed specifications, meeting various consumer preferences, increasing, thereby driving sales in the Middle East and Africa External hard drive market.

Leading Companies in the Middle East and Africa External Hard Drive Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and the latest developments like mergers and acquisitions, investments, and capacity expansion.

• Seagate Technology Holdings PLC

• Western Digital Corporation

• Toshiba Corporation

• Sony Corp.

• Transcend Information Inc.

• Lenovo Group Limited

• Kingston Technology Company Inc.

• ADATA Technology Co. Ltd

• Buffalo Americas Inc.

• Others

Major market players are striving to provide high-speed data transfer alongside advanced data encryption algorithms. They aim to minimize the risk of data breaches, fostering greater trust among companies to embrace these technologies, thereby contributing to market growth.

Key Highlights of the Report