Global External Disk System Market size was valued at 42.77 Bn. in 2023 and the total External Disk System Market revenue is expected to grow by 7.2% from 2024 to 2030, reaching nearly USD 69.58 Bn.External Disk System Market Overview
An external disk system is a portable data storage device that can be attached to a computer through USB connection or a Fire Wire, and is used for retrieving and storing digital information by using rapidly rotating disks coated with magnetic Type. These disks are important devices for the secondary storage of data in computers. The increasing adoption of NAS devices, which offer centralized storage and data-sharing capabilities across multiple devices and users, presents an opportunity for the external disk system market. NAS devices provide a cost-effective solution for home and small business users requiring networked storage. Many external disk system manufacturers are integrating cloud storage solutions into their devices. This integration allows users to seamlessly access and synchronize their data across multiple devices, combining the benefits of local storage and cloud storage. The industry has witnessed the introduction of high-capacity SSDs, offering larger storage capacities while maintaining fast read and write speeds. This development caters to the increasing storage requirements of consumers and businesses. The external disk system market is dynamic and influenced by various factors, including technological advancements, changing consumer preferences, and industry trends. The market is characterized by continuous innovation, with companies introducing new features, higher storage capacities, and improved connectivity options to cater to evolving user requirements. Additionally, strategic partnerships, mergers and acquisitions, and collaborations play a significant role in shaping the market landscape.To know about the Research Methodology :- Request Free Sample Report
External Disk System Market Dynamics:
Data Explosion and Digital Transformation: The exponential growth of data generated by individuals and businesses, coupled with the ongoing digital transformation across industries, is driving the demand for external disk systems. Companies are seeking reliable and scalable storage solutions to manage their data effectively. Need for Data Backup and Recovery: The increasing awareness of data security and the importance of data backup and recovery have led to a higher adoption of external disk systems. These devices provide a convenient and efficient way to backup and protect valuable data Growing Multimedia Content: The rise of multimedia content, including high-resolution videos, photos, and music, has resulted in a higher demand for external disk systems with larger storage capacities. Consumers require ample storage space to store and access their multimedia files. Portability and Convenience: External disk systems offer portability and convenience. allowing users to carry their data with them and access it on different devices. This feature is particularly beneficial for professionals, students, and individuals who frequently work on multiple devices. Competition from Cloud Storage: The increasing popularity of cloud storage services poses a challenge to the external disk system market. Cloud storage offers the convenience of remote access and backup, reducing the reliance on physical storage devices.Price sensitivity among consumers and businesses can impact the adoption of external disk systems. Some users may opt for lower-cost alternatives or prioritize cloud- based storage solutions due to cost considerations Rising Demand for SSDs: The increasing demand for faster data transfer speeds and improved performance presents an opportunity for the growth of SSD-based external disk systems. SSDs offer faster read and write speeds compared to traditional HDDs, making them ideal for applications requiring high-speed data access.Enterprise Storage Solutions: The enterprise segment represents a significant growth opportunity for external disk systems. With the proliferation of big data and the need for efficient data management, businesses are seeking reliable and scalable storage solutions to meet their growing demands.Expansion of Digital Content Creation: The expansion of digital content creation, such as video production, graphic design, and animation, is driving the demand for high-capacity external disk systems. Content creators require ample storage space to store and edit heir large multimedia files.External Disk System Market Segment Analysis
Based on Storage Capacity: The market is segmented into 0 to 100 GB, 100 to 500 GB, 500 GB to 1 TB and More than 1 TB. The 500 GB to 1 TB held the largest External Disk System Market share in 2023. External disk systems with capacities between 500 GB and 1 TB are suitable for storage requirements that are highly demanded, such as high-definition video editing, gaming, and data backups. They are commonly used in both consumer and professional settings, which offer sufficient space for storing large multimedia collections and project files.Asia-Pacific is estimated to highly contribute to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in APAC is growing primarily due to the presence of a large number of PC manufacturers in the region, such as HP, Dell Technologies, Acer Group, Lenovo, and Asus. Another major reason driving the market growth is the demand for external hard disks in the consumer electronics industry has expanded significantly as a result of rapid technological advancements. Furthermore, the growth of the market in APAC will be significant, as APAC is the hub for consumer electronics. Additionally, many prominent vendors focus on launching products with advanced technologies to gain more market share. For instance, in September 2020, Toshiba introduced Canvio Flex portable storage, which has up to 4TB of storage and comes with both USB-C and USB-A cables, allowing users to store and access their data on multiple devices such as Mac computers, Windows PCs, and support tablet devices. Therefore, all the above-mentioned factors will drive the regional market growth during the forecast period.
External Disk System Market Regional Insights
External Disk System Market Scope: Inquire before buying
Global External Disk System Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 42.77 Bn. Forecast Period 2024 to 2030 CAGR: 7.2% Market Size in 2030: US $ 69.58 Bn. Segments Covered: By Storage Capacity 0 to 100 GB 100 to 500 GB 500 GB to 1 TB More than 1 TB By Application Computers/Laptops Mobile Others By End-User Individual Commercial External Disk System Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) South America (Brazil, Argentina Rest of South America) Middle East & Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)External Disk System Market Key Players
1. The Apple Inc. 2. Buffalo Americas Inc. 3. Hewlett Packard Enterprise Co. 4. Intel Corp. 5. Kingston Technology Co. Inc. 6. LITE ON Technology Corp. 7. Micron Technology Inc. 8. Quantum Corp. 9. Samsung Electronics Co. Ltd. 10. Seagate Technology Holdings Public Ltd. Co 11. SK HYNIX Inc. 12. Sony Group Corp. 13. Toshiba Corp. 14. Transcend Information Inc. 15. Western Digital Corp.FAQ
1] What segments are covered in the External Disk System Market report? Ans. The segments covered in the Market report Custom Packaging are based on Storage Capacity, Application, End User and Region 2] Which region is expected to hold the highest share in the External Disk System Market? Ans. Asia-Pacific region is expected to hold the highest share of the External Disk System Market. 3] What is the market size of the External Disk System Market by 2029? Ans. The market size of the External Disk System Market by 2030 is expected to reach USD 69.58 Bn. 4] What is the forecast period for the External Disk System Market? Ans. The forecast period for the External Disk System Market is 2024-2030. 5] What was the market size of the External Disk System Market in 2023? Ans. The market size of the External Disk System Market in 2023 was valued at USD 42.77 Bn.
1. External Disk System Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. External Disk System Market: Dynamics 2.1. External Disk System Market Trends by Region 2.1.1. North America External Disk System Market Trends 2.1.2. Europe External Disk System Market Trends 2.1.3. Asia Pacific External Disk System Market Trends 2.1.4. Middle East and Africa External Disk System Market Trends 2.1.5. South America External Disk System Market Trends 2.2. External Disk System Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America External Disk System Market Drivers 2.2.1.2. North America External Disk System Market Restraints 2.2.1.3. North America External Disk System Market Opportunities 2.2.1.4. North America External Disk System Market Challenges 2.2.2. Europe 2.2.2.1. Europe External Disk System Market Drivers 2.2.2.2. Europe External Disk System Market Restraints 2.2.2.3. Europe External Disk System Market Opportunities 2.2.2.4. Europe External Disk System Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific External Disk System Market Drivers 2.2.3.2. Asia Pacific External Disk System Market Restraints 2.2.3.3. Asia Pacific External Disk System Market Opportunities 2.2.3.4. Asia Pacific External Disk System Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa External Disk System Market Drivers 2.2.4.2. Middle East and Africa External Disk System Market Restraints 2.2.4.3. Middle East and Africa External Disk System Market Opportunities 2.2.4.4. Middle East and Africa External Disk System Market Challenges 2.2.5. South America 2.2.5.1. South America External Disk System Market Drivers 2.2.5.2. South America External Disk System Market Restraints 2.2.5.3. South America External Disk System Market Opportunities 2.2.5.4. South America External Disk System Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For External Disk System Industry 2.8. Analysis of Government Schemes and Initiatives For External Disk System Industry 2.9. External Disk System Market Trade Analysis 2.10. The Global Pandemic Impact on External Disk System Market 3. External Disk System Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2023-2030 3.1. External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 3.1.1. 0 to 100 GB 3.1.2. 100 to 500 GB 3.1.3. 500 GB to 1 TB 3.1.4. More than 1 TB 3.2. External Disk System Market Size and Forecast, by Application (2023-2030) 3.2.1. Computers/Laptops 3.2.2. Mobile 3.2.3. Others 3.3. External Disk System Market Size and Forecast, by End-User (2023-2030) 3.3.1. Individual 3.3.2. Commercial 3.4. External Disk System Market Size and Forecast, by Region (2023-2030) 3.4.1. North America 3.4.2. Europe 3.4.3. Asia Pacific 3.4.4. Middle East and Africa 3.4.5. South America 4. North America External Disk System Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 4.1. North America External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 4.1.1. 0 to 100 GB 4.1.2. 100 to 500 GB 4.1.3. 500 GB to 1 TB 4.1.4. More than 1 TB 4.2. North America External Disk System Market Size and Forecast, by Application (2023-2030) 4.2.1. Computers/Laptops 4.2.2. Mobile 4.2.3. Others 4.3. North America External Disk System Market Size and Forecast, by End-User (2023-2030) 4.3.1. Individual 4.3.2. Commercial 4.4. North America External Disk System Market Size and Forecast, by Country (2023-2030) 4.4.1. United States 4.4.1.1. United States External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 4.4.1.1.1. 0 to 100 GB 4.4.1.1.2. 100 to 500 GB 4.4.1.1.3. 500 GB to 1 TB 4.4.1.1.4. More than 1 TB 4.4.1.2. United States External Disk System Market Size and Forecast, by Application (2023-2030) 4.4.1.2.1. Computers/Laptops 4.4.1.2.2. Mobile 4.4.1.2.3. Others 4.4.1.3. United States External Disk System Market Size and Forecast, by End-User (2023-2030) 4.4.1.3.1. Individual 4.4.1.3.2. Commercial 4.4.2. Canada 4.4.2.1. Canada External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 4.4.2.1.1. 0 to 100 GB 4.4.2.1.2. 100 to 500 GB 4.4.2.1.3. 500 GB to 1 TB 4.4.2.1.4. More than 1 TB 4.4.2.2. Canada External Disk System Market Size and Forecast, by Application (2023-2030) 4.4.2.2.1. Computers/Laptops 4.4.2.2.2. Mobile 4.4.2.2.3. Others 4.4.2.3. Canada External Disk System Market Size and Forecast, by End-User (2023-2030) 4.4.2.3.1. Individual 4.4.2.3.2. Commercial 4.4.3. Mexico 4.4.3.1. Mexico External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 4.4.3.1.1. 0 to 100 GB 4.4.3.1.2. 100 to 500 GB 4.4.3.1.3. 500 GB to 1 TB 4.4.3.1.4. More than 1 TB 4.4.3.2. Mexico External Disk System Market Size and Forecast, by Application (2023-2030) 4.4.3.2.1. Computers/Laptops 4.4.3.2.2. Mobile 4.4.3.2.3. Others 4.4.3.3. Mexico External Disk System Market Size and Forecast, by End-User (2023-2030) 4.4.3.3.1. Individual 4.4.3.3.2. Commercial 5. Europe External Disk System Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 5.1. Europe External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 5.2. Europe External Disk System Market Size and Forecast, by Application (2023-2030) 5.3. Europe External Disk System Market Size and Forecast, by End-User (2023-2030) 5.4. Europe External Disk System Market Size and Forecast, by Country (2023-2030) 5.4.1. United Kingdom 5.4.1.1. United Kingdom External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 5.4.1.2. United Kingdom External Disk System Market Size and Forecast, by Application (2023-2030) 5.4.1.3. United Kingdom External Disk System Market Size and Forecast, by End-User (2023-2030) 5.4.2. France 5.4.2.1. France External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 5.4.2.2. France External Disk System Market Size and Forecast, by Application (2023-2030) 5.4.2.3. France External Disk System Market Size and Forecast, by End-User (2023-2030) 5.4.3. Germany 5.4.3.1. Germany External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 5.4.3.2. Germany External Disk System Market Size and Forecast, by Application (2023-2030) 5.4.3.3. Germany External Disk System Market Size and Forecast, by End-User (2023-2030) 5.4.4. Italy 5.4.4.1. Italy External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 5.4.4.2. Italy External Disk System Market Size and Forecast, by Application (2023-2030) 5.4.4.3. Italy External Disk System Market Size and Forecast, by End-User (2023-2030) 5.4.5. Spain 5.4.5.1. Spain External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 5.4.5.2. Spain External Disk System Market Size and Forecast, by Application (2023-2030) 5.4.5.3. Spain External Disk System Market Size and Forecast, by End-User (2023-2030) 5.4.6. Sweden 5.4.6.1. Sweden External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 5.4.6.2. Sweden External Disk System Market Size and Forecast, by Application (2023-2030) 5.4.6.3. Sweden External Disk System Market Size and Forecast, by End-User (2023-2030) 5.4.7. Austria 5.4.7.1. Austria External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 5.4.7.2. Austria External Disk System Market Size and Forecast, by Application (2023-2030) 5.4.7.3. Austria External Disk System Market Size and Forecast, by End-User (2023-2030) 5.4.8. Rest of Europe 5.4.8.1. Rest of Europe External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 5.4.8.2. Rest of Europe External Disk System Market Size and Forecast, by Application (2023-2030) 5.4.8.3. Rest of Europe External Disk System Market Size and Forecast, by End-User (2023-2030) 6. Asia Pacific External Disk System Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 6.1. Asia Pacific External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 6.2. Asia Pacific External Disk System Market Size and Forecast, by Application (2023-2030) 6.3. Asia Pacific External Disk System Market Size and Forecast, by End-User (2023-2030) 6.4. Asia Pacific External Disk System Market Size and Forecast, by Country (2023-2030) 6.4.1. China 6.4.1.1. China External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 6.4.1.2. China External Disk System Market Size and Forecast, by Application (2023-2030) 6.4.1.3. China External Disk System Market Size and Forecast, by End-User (2023-2030) 6.4.2. S Korea 6.4.2.1. S Korea External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 6.4.2.2. S Korea External Disk System Market Size and Forecast, by Application (2023-2030) 6.4.2.3. S Korea External Disk System Market Size and Forecast, by End-User (2023-2030) 6.4.3. Japan 6.4.3.1. Japan External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 6.4.3.2. Japan External Disk System Market Size and Forecast, by Application (2023-2030) 6.4.3.3. Japan External Disk System Market Size and Forecast, by End-User (2023-2030) 6.4.4. India 6.4.4.1. India External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 6.4.4.2. India External Disk System Market Size and Forecast, by Application (2023-2030) 6.4.4.3. India External Disk System Market Size and Forecast, by End-User (2023-2030) 6.4.5. Australia 6.4.5.1. Australia External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 6.4.5.2. Australia External Disk System Market Size and Forecast, by Application (2023-2030) 6.4.5.3. Australia External Disk System Market Size and Forecast, by End-User (2023-2030) 6.4.6. Indonesia 6.4.6.1. Indonesia External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 6.4.6.2. Indonesia External Disk System Market Size and Forecast, by Application (2023-2030) 6.4.6.3. Indonesia External Disk System Market Size and Forecast, by End-User (2023-2030) 6.4.7. Malaysia 6.4.7.1. Malaysia External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 6.4.7.2. Malaysia External Disk System Market Size and Forecast, by Application (2023-2030) 6.4.7.3. Malaysia External Disk System Market Size and Forecast, by End-User (2023-2030) 6.4.8. Vietnam 6.4.8.1. Vietnam External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 6.4.8.2. Vietnam External Disk System Market Size and Forecast, by Application (2023-2030) 6.4.8.3. Vietnam External Disk System Market Size and Forecast, by End-User (2023-2030) 6.4.9. Taiwan 6.4.9.1. Taiwan External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 6.4.9.2. Taiwan External Disk System Market Size and Forecast, by Application (2023-2030) 6.4.9.3. Taiwan External Disk System Market Size and Forecast, by End-User (2023-2030) 6.4.10. Rest of Asia Pacific 6.4.10.1. Rest of Asia Pacific External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 6.4.10.2. Rest of Asia Pacific External Disk System Market Size and Forecast, by Application (2023-2030) 6.4.10.3. Rest of Asia Pacific External Disk System Market Size and Forecast, by End-User (2023-2030) 7. Middle East and Africa External Disk System Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 7.1. Middle East and Africa External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 7.2. Middle East and Africa External Disk System Market Size and Forecast, by Application (2023-2030) 7.3. Middle East and Africa External Disk System Market Size and Forecast, by End-User (2023-2030) 7.4. Middle East and Africa External Disk System Market Size and Forecast, by Country (2023-2030) 7.4.1. South Africa 7.4.1.1. South Africa External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 7.4.1.2. South Africa External Disk System Market Size and Forecast, by Application (2023-2030) 7.4.1.3. South Africa External Disk System Market Size and Forecast, by End-User (2023-2030) 7.4.2. GCC 7.4.2.1. GCC External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 7.4.2.2. GCC External Disk System Market Size and Forecast, by Application (2023-2030) 7.4.2.3. GCC External Disk System Market Size and Forecast, by End-User (2023-2030) 7.4.3. Nigeria 7.4.3.1. Nigeria External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 7.4.3.2. Nigeria External Disk System Market Size and Forecast, by Application (2023-2030) 7.4.3.3. Nigeria External Disk System Market Size and Forecast, by End-User (2023-2030) 7.4.4. Rest of ME&A 7.4.4.1. Rest of ME&A External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 7.4.4.2. Rest of ME&A External Disk System Market Size and Forecast, by Application (2023-2030) 7.4.4.3. Rest of ME&A External Disk System Market Size and Forecast, by End-User (2023-2030) 8. South America External Disk System Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 8.1. South America External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 8.2. South America External Disk System Market Size and Forecast, by Application (2023-2030) 8.3. South America External Disk System Market Size and Forecast, by End-User(2023-2030) 8.4. South America External Disk System Market Size and Forecast, by Country (2023-2030) 8.4.1. Brazil 8.4.1.1. Brazil External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 8.4.1.2. Brazil External Disk System Market Size and Forecast, by Application (2023-2030) 8.4.1.3. Brazil External Disk System Market Size and Forecast, by End-User (2023-2030) 8.4.2. Argentina 8.4.2.1. Argentina External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 8.4.2.2. Argentina External Disk System Market Size and Forecast, by Application (2023-2030) 8.4.2.3. Argentina External Disk System Market Size and Forecast, by End-User (2023-2030) 8.4.3. Rest Of South America 8.4.3.1. Rest Of South America External Disk System Market Size and Forecast, by Storage Capacity (2023-2030) 8.4.3.2. Rest Of South America External Disk System Market Size and Forecast, by Application (2023-2030) 8.4.3.3. Rest Of South America External Disk System Market Size and Forecast, by End-User (2023-2030) 9. Global External Disk System Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading External Disk System Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. The Apple Inc. 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Buffalo Americas Inc. 10.3. Hewlett Packard Enterprise Co. 10.4. Intel Corp. 10.5. Kingston Technology Co. Inc. 10.6. LITE ON Technology Corp. 10.7. Micron Technology Inc. 10.8. Quantum Corp. 10.9. Samsung Electronics Co. Ltd. 10.10. Seagate Technology Holdings Public Ltd. Co 10.11. SK HYNIX Inc. 10.12. Sony Group Corp. 10.13. Toshiba Corp. 10.14. Transcend Information Inc. 10.15. Western Digital Corp. 11. Key Findings 12. Industry Recommendations 13. External Disk System Market: Research Methodology 14. Terms and Glossary