Smartphones, Surveillance and connected devices driving the growth for HDD
Increasing usage of computer applications across various sectors such as Information Technology, Education and Public Sector undertakings along with the growing demand for portable storage backup have fuelled the growth of India External Hard Disk (HDD) market.
The Hard drive market has been greatly affected by falling sales in the PC market. Also, consumers are now more inclined towards portable wireless storage solution rather than the traditional HDD market. The adaptation of flash based SSDs in laptops and personal computers continue at pace and continue to eat into traditional Hard disk drive market, thereby leading to the drop in price of the HDDS.
Key Takeaways: According to IDC, HDD industry revenue will decline at a much slower rate than HDD unit shipments because of the ongoing shift in the mix of HDD shipments, with the enterprise market making up a higher percentage of HDD demand and revenue each year through 2022. However, the increased usage of CCTV and DVR for security purposes is offering growth for both internal and external drive market. The innovation of high-storage portable external hard disks can also revive this market.
Cool Vendors: Seagate, WD and Toshiba
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