Shulou(Shulou.com)11/24 Report--

CTOnews.com, October 14, according to the latest report released by analyst Future Market Insights, the compound annual growth rate of mechanical hard drives is 12%, and it is estimated that the global market size will reach 126.967 billion US dollars from the next 10 years to 2033 (CTOnews.com Note: currently about 928.129 billion yuan). That compares with an estimated $36.5 billion in 2022 (currently about 266.815 billion yuan), a 3.5-fold increase over the next decade.

Image source: Pixabay the agency believes that the growing demand for data storage solutions in an increasingly active digital world, as well as advances in hard disk technology, are driving the development of mechanical hard drives.

Leading hard drive manufacturers are actively innovating and increasing storage capacity, which will ensure that disks remain the solution of choice for storing large amounts of data and will contribute to further growth in hard drive sales.

NAS is still the main application scenario for mechanical hard drives, accounting for more than 40%, and mobile hard drives account for more than 1/3, and there will be positive growth in the future.

Another key to the growth of local data storage technology is the increasing frequency of network attacks on enterprise resources-storage facilities are often isolated from enterprise networks and the Internet, while cloud infrastructure is still inferior to these solutions. Analysts say this trend will continue throughout the forecast period.

Referenc

Hard Disk Drive Market Forecast: a 12% CAGR Journey to US$ 126.97 Billion by 2033

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