Worldwide Hard Disk Drive Forecast Update, 2020–2024

Worldwide Hard Disk Drive Forecast Update, 2020–2024

This IDC study presents an update to the Worldwide Hard Disk Drive Forecast, 2020–2024 (IDC #US46255120, May 2020). It integrates IDC's current IT hardware and consumer electronics products forecasts through 2024 as well as updated HDD and solid state drive technology transition assumptions. This forecast also reflects updated HDD and SSD attach rate assumptions in systems, particularly where the mass storage device is fungible in the system or device.Underpinning the worldwide HDD forecast update are IDC's assumptions regarding HDD technology transitions that will affect the pace of HDD areal density growth (see Worldwide Hard Disk Drive Component Forecast, 2020–2024, IDC #US46738620, July 2020), HDD product transitions, and HDD price-per-gigabyte declines for each HDD product segment."The starkly differing impacts of COVID-19 on various segments of IT has been remarkable," according to Ed Burns, research director, Hard Disk Drive and Storage Technologies. "From pronounced OEM weakness and strength from the cloud SPs to stronger-than-expected mobile HDD demand driven by robust trends in mobile PCs due to work-from-home and distance learning needs, the varying effects continue to play out with some segments such as OEM storage and server that were down in 2020 but are expected to rebound in 2021."

Please Note: Extended description available upon request.


IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Enterprise HDD Market Segment
OEM Server
OEM Storage
ODM Direct/Non-OEM
Client HDD Market Segment
Portable PCs
Desktop PCs
Personal and Entry-Level Storage
Video Surveillance and Machine Vision Market Segment
Consumer Electronics, Industrial, and Commercial HDD Market Segments
Market Context
Drivers and Inhibitors
Drivers
Price Elasticity of Demand for High-Capacity HDD Storage in Enterprise Datacenters
Expanding Use of Video Surveillance and Video Analytics and Longer Video Retention Times
Inhibitors
COVID-19 and Macroeconomics Impact
Declining SSD Pricing and Increasing SSD Supply Leading to Substitution of SSDs for HDDs in Systems
Data Compression and Storage Efficiency Improvements
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Related Research

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