With the decline of the PC market, the Hard Disk Drive (HDD) market has been adversely affected. Another factor that has affected the market is flash-based SSDs. Adoption of SSDs in laptops and PCs is gaining momentum which, in turn, is hampering the traditional HDD market. However, the trend that helped to boost the market growth is the innovation of high-storage portable external hard disks, though the hard disk drive market and its prices are likely to continue to drop in the coming years.
Key Takeaways: Increasing demand and adoption of cloud storage and other enterprise applications are driving the growth of the hard disk and drive market. Consumers are inclining towards portable wireless storage solution rather than the traditional HDD market. This shift will hamper HDD shipments. The increased usage of CCTV and DVR for security purposes may offer growth for both internal and external drive market.
Key Vendors: Seagate, WD and Toshiba
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