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Worldwide Hard Disk Drive Forecast, 2024–2028

Publisher IDC
Published May 21, 2024
Length 25 Pages
SKU # IDC18807665

Description

Worldwide Hard Disk Drive Forecast, 2024–2028


This IDC study presents an update to Worldwide Hard Disk Drive Forecast Update, 2023–2027 (IDC #US51423423, December 2023). It integrates IDC's current IT hardware and consumer electronics products forecasts through 2028 as well as updated HDD and SSD technology transition assumptions. This forecast also reflects the updated HDD and SSD attach rate assumptions in systems, particularly where the mass storage device is fungible in the system or device.Underpinning this forecast for the worldwide HDD market 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, 2023–2027, IDC #US50873423, June 2023), HDD product transitions, and HDD price-per-gigabyte declines for each HDD product segment."Demand is beginning to accelerate in the first half of 2024 and the industry looks poised to continue this trend through calendar 2024 with the main limiting factor being customer order lead times and the speed at which the suppliers are able to restart idled capacity," according to Ed Burns, research director, Hard Disk Drive and Storage Technologies, IDC. "The HDD market in 2024 is benefiting from a normalized inventory environment at the cloud SPs coupled with a stronger OEM demand environment. The long-term demand drivers, such as the rapid growth of data created and increasing value of data, are likely to result in more data that will be stored. This is expected to support strong growth for enterprise and video surveillance HDDs through the forecast period. Some of this growth may be limited for HDDs due to a conservative capital investment strategy by the HDD suppliers in the early years of the long-term forecast."

Please Note: Extended description available upon request.

Table of Contents

25 Pages
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 Segment
Market Context
Drivers and Inhibitors
Drivers
Volume of Data Generated and Stored in Datacenters Continues to Grow over the Long Term
GenAI Is Expected to Support Incremental Growth in Storage for Datacenter Environments
Expanding Use of Video Surveillance and Video Analytics
Inhibitors
New Technology Innovations
Generative Artificial Intelligence
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Related Research

Pricing

Currency Rates
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