United States External Hard Drive Market Report and Forecast 2024-2032

United States External Hard Drive Market Size

The United States external hard drive market is projected to grow at a CAGR of 3.1% between 2024 and 2032.

United States External Hard Drive Market Outlook

• Between March 2021 and March 2022, around 1.4 million new small businesses emerged in the U.S., indicating increased entrepreneurial endeavours.

• The U.S. IT sector amassed over $2 trillion in revenue in 2022, a substantial contribution to the nation's GDP, as per World Bank data.

• In December 2022, 60.1% of Americans were employed, as reported by the Bureau of Labor Statistics, driving up the demand for keyboards.

United States External Hard Drive Market Growth

Hard drive storage capacity is crucial for companies needing to store large volumes of data, including operational and customer information, and other business details. To ensure uninterrupted data access in an enterprise storage system, hard drives must be highly reliable and offer very high read and write speeds. This reliability is essential for maintaining business efficiency and success.

In October 2023, Samsung introduced its new flagship Portable SSD T9, aimed at office professionals seeking exceptional and reliable performance. Featuring a USB 3.2 Gen 2x2 interface and a sleek design with exterior rubber protection, it can read and write at speeds of 2,000 MB/s, which is twice as fast as its predecessors.

Laptops frequently use external drives for personal applications to store high-resolution digital media, source materials, and collections. This practice helps free up laptop space and enhance performance, especially given the high content consumption rates among younger users. External hard drives provide the same functionality as internal laptop drives without compromising portability and practicality. With the rise of mobile technology and the work-from-home culture, people prefer portable hard drives to access their data from anywhere.

United States External Hard Drive Industry Segmentation

The United States 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 Breakup by Country

• New England

• Mideast

• Great Lakes

• Plains

• Southeast

• Southwest

• Rocky Mountain

• Far West

United States External Hard Drive Market Share

The market is divided into two segments: offline and online sales channels. Offline channels consist of physical retail stores and electronics shops, offering customers trustworthiness and a tangible shopping experience. On the other hand, online channels such as Amazon, Flipkart, and the brand's website provide a wide array of options with clearly delineated sections to fulfil all user needs.

Leading Companies in the United States External Hard Drive Market

• 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

• ORICO Technologies Co. Ltd

• Buffalo Americas Inc.

• Others

Major market players are trying to provide high-speed data transfer with advanced data encryption algorithms to reduce any chance of a data breach, inducing more trust among companies to use these technologies, thereby contributing to market growth.

Key Highlights of the Report