The global sales of Hard Disk Drive are estimated to be worth USD 66.6 billion in 2025 and anticipated to reach a value of USD 111.2 billion by 2035. Sales are projected to rise at a CAGR of 5.3% over the forecast period between 2025 and 2035. The revenue generated by Hard Disk Drive in 2024 was USD 63.2 billion. The market is anticipated to exhibit a Y-o-Y growth of 7.2% in 2025.
The Hard Disk Drive (HDD) Market is a sector of the electronics & components industry that includes the manufacturing, sales, and ongoing improvement of these non-volatile data storage devices that are widely used across various industries, including computers, data centers, and consumer electronics.
Hard disk drives (HDDs) use magnetic storage technology to read from and write to digital data. Market Dynamics: The growth of the market is due to the high amount of data generated across numerous industries, cloud storage and enterprise data centers as well as the huge amount of storage required in the gaming industry.
SSDs are gaining market share thanks to their superior speed, but HDDs are still units of choice for mass storage and archive applications. To maintain the demand in the enterprise and consumer segments, key market players are concentrating on areal density, energy efficiency, and hybrid storage solutions.
Global Hard Disk Drive Industry Assessment
| Attributes | Key Insights |
|---|---|
| Estimated Size, 2025 | USD 66.6 billion |
| Projected Size, 2035 | USD 111.2 billion |
| Value-based CAGR (2025 to 2035) | 5.3% |
The global data storage industry, its segments, and various influences in it are profoundly affected by the global hard disk drive (HDD) market, which has grown because of the increasing needs for high-capacity storage options in enterprise data centers, cloud computing, and consumer electronics.
HDDs have expanded their relevance to bulk storage applications in recent years because SSDs can be expensive and less suited to workloads that only read from disk, such as archival, surveillance, and backup storage. The promised performance improvements are coming due to innovations in areal density, energy-efficient technologies, and helium-filled HDDs.
North America, Asia-Pacific, and Europe are key growth regions with building data infrastructure from cloud service providers and enterprises. Renowned storage manufacturers ongoing investments in research and development towards maximizing storage while minimizing impact on durability and environmental sustainability. However, as long as we need to store data for the long term, HDDs will remain relevant to the industry even as competition from SSDs grows.
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The below table presents the expected CAGR for the global Hard Disk Drive market over several semi-annual periods spanning from 2025 to 2035. In the first half H1 of the year from 2024 to 2034, the business is predicted to surge at a CAGR of 4.5%, followed by a slightly higher growth rate of 4.9% in the second half H2 of the same year.
| Particular | Value CAGR |
|---|---|
| H1, 2024 | 4.5% (2024 to 2034) |
| H2, 2024 | 4.9% (2024 to 2034) |
| H1, 2025 | 5.3% (2025 to 2035) |
| H2, 2025 | 5.8% (2025 to 2035) |
Moving into the subsequent period, from H1 2025 to H2 2035 the CAGR is projected to increase slightly to 5.3% in the first half and remain relatively moderate at 5.8% in the second half. In the first half H1 the market witnessed a decrease of 80 BPS while in the second half H2, the market witnessed an increase of 90 BPS.
Increasing Need for Data Centers and Cloud Computation with High-Capacity Storage
The expansion of cloud computing, artificial intelligence and big data analytics have resulted in an enormous demand for high-capacity storage, fueling the growth of the Hard Disk Drive (HDD) market. Daily dealing with management political conflicts, social science, and 3D computer graphics, and big data processing.
HDDs are less expensive and provide high-density storage relative to solidstate drives (SSDs) and as such excel at bulk data storage and archival purposes. Data center market in Nigeria s driven by the growth of hyper scale data centers complemented with heavy government investments in digital infrastructure. Major cloud providers such as AWS, Microsoft Azure and Google Cloud are still investing heavily in high-capacity HDDs, meaning there will be demand no matter how much SSD adoption keeps flying.
Seagate LightCrystals for Energy Efficient HDDs with High Areal Density.
The HDD sector is developing and innovating new storage technologies to push the boundaries of areal density and cut down on power usage. HDDs will soon be able to hold even more data than before, with techniques like Heat-Assisted Magnetic Recording (HAMR) and Microwave-Assisted Magnetic Recording (MAMR) allowing more data to be stored per platter, increasing storage capacities above 30TB per drive.
Moreover, helium-filled HDDs that lower pressure and internal friction, and power consumption are becoming increasingly common on data and enterprise applications. After the December when Microsoft Office announced 40 S/CT designed energy efficient HDD in turn to encourage businesses become greener and smaller.
These improvements in technology have allowed the HDD to remain competitive to SSDs while continuing to serve enterprises that need bulk storage at cost-efficient prices, keeping the HDD market thriving and generating continued growth.
HDDs are in High Demand for Surveillance systems, Media Storehouses and Gaming.
Outside of enterprise applications, the HDD demand is growing due to the use of HDDs in surveillance, media storage, and gaming. That means High-resolution security surveillance systems generating large amount of video footage - typical high-capacity HDD are required for longer time storage.
The department of video production for the media and entertainment industry, especially 4 k and 8 k, requires a lot of storage, which is another driving market for the HDD. Likewise, gaming consoles and PC gaming often require larger storage capacities to install games and download useful updates and DLC (downloadable content), which makes an HDD a more suitable option over their more expensive and lower-capacity competitors, SSDs.
The HDD market continues to thrive due to the rapid growth of digital content consumption and the need for less expensive, high-capacity storage, with steady adoption across various sectors.
Increasing Adoption of SSDs Reducing Demand for Traditional HDDs
The growing demand for high-performance computing (HPC) and the growing demand for solid-state drives (SSDs) by the I/O subsystem, such as cost, performance, and power consumption, will require a significant increase in the number of I/O operations or a significant reduction in the number of I/O operations.
With the steady decrease in SSD prices stemming from the technological evolution of NAND flash, both consumers and enterprises are continuing to migrate towards SSD-based storage systems for increased performance. Even in consumer computing, laptops and high-performance computing systems increasingly favour solid-state drives (SSDs) instead of hard disk drives (HDDs), with the result that the personal computing segment sees demand for HDDs eroding.
Moreover, enterprise-grade SSDs are gaining traction for data centers, with NVMe-based products contributing to the potential decline of HDDs. HDDs are still very much involved in bulk storage use cases, but the continual migration to SSD tech poses an existential long-term threat to traditional HDD companies.
The global Hard Disk Drive industry recorded a CAGR of 4.9% during the historical period between 2020 and 2024. The growth of Hard Disk Drive industry was positive as it reached a value of USD 63.26 billion in 2024 from USD 51.5 billion in 2020.
The period from 2020 to 2024 was moderate growth for the Hard Disk Drive (HDD) market, driven by demands from the enterprise segment and cloud storage markets. While Solid-State Drives (SSDs) were increasingly being adopted, HDDs retained their foothold in bulk storage applications including data center, surveillance, and archival storage. Enterprise HDD sales up, mainstream (18TB 22TB) sales are good, but consumer HDD are down with the price of SSDs making it less desirable for personal computing.
From 2025, HDD demand will likely be flat, but it will migrate to enterprise applications. Big data analytics, AI, and cloud computing will lead to HDDs with higher capacity above 30TB per drive. You will be focusing on innovation, for example, HAMR and MAMR which optimizes our storage efficiency instead of let consumers HDD sales continue to decline. Enterprise & Cloud data storage will support HDD demand however, SSD technology improvements will extend and impact market share which will see a shrinking of HDD applications to large scale storage data environments.
Tier 1: Seagate Technology, Western Digital, Toshiba, all three have been kings of the HDD realm, and they still control the largest market share in both enterprise and consumer storage. They have been putting money on R&D and making continuous innovations in HDDs like HAMR, MAMR and helium-filled drive to improve the storage efficiency. Seagate and Western Digital dominate the vast majority of global high-capacity HDD production, with Toshiba the lone manufacturer that continues to produce enterprise and consumer HDDs. These firms have solid relationships with data centers, cloud providers, and OEMs, which will allow for steady growth in the enterprise storage space.
Tier 2: Hitachi (HGST), Samsung Electronics, Quantum Corporation HGST, bugün WD'ye bağlı yüksek uç sanayi HDD'sine, başta data merkezi ve bulut depolama için. Fueled by their dominance in the SSD market, Samsung is one of the few manufacturers still offering HDD solutions for niche uses.
Quantum Corporation Archive Storage and Backup Solutions Quantum Corporation specializes in archival storage and backup solutions, addressing industries requiring long-term data retention. While these companies maintain significant market shares, they do not control the HDD industry as substantially as Tier 1 members do.
Tier 3: Business giants like Fujitsu, IBM, HPE, Dell Technologies, they don't manufacture their own HDDs, instead they build enterprise storage solutions which include the HDDs from Tier 1 players. IBM and HPE (Hewlett Packard Enterprise) are experts in building enterprise data storage systems, including server-based HDDs and cloud storage architecture.
Dell Technologies integrates HDDs into its storage and computing devices for enterprise customers. Shifts from HDD factory to data storage and IT infrastructure solutions with Fujitsu These companies utilize HDD technology as part of larger IT ecosystems instead of competing directly in the world HDD production.
The section below covers the industry analysis for the Hard Disk Drive market for different countries. The market demand analysis on key countries in several countries of the globe, including USA, Germany, UK, China and India are provided.
The united states are expected to remains at the forefront in North America, with a value share of 63.4% in 2025. In South Asia & Pacific, India is projected to witness a CAGR of 5.5% during the forecasted period.
| Country | Value CAGR (2025 to 2035) |
|---|---|
| USA | 4.5% |
| Germany | 3.4% |
| UK | 4.9% |
| China | 5.0% |
| india | 5.5% |
In the United States, on account of the higher concentration of hyper scale data centers, cloud storage providers, and enterprise IT infrastructure, the United States is one of the leading markets for Hard Disk Drives (HDDs). Data centers are being built and storage systems are being scaled on a massive scale by companies such as Amazon Web Services (AWS), Microsoft Azure, Google Cloud, and others; they have a continued need for many of the high-capacity enterprise HDDs.
Strong AI, big data analytics, and IoT industries in the country are pushing HDD adoption more for bulk storage and archival applications. Also, government projects in cybersecurity, smart cities, and digital transformation demand cost-effective storage, hence HDDs are a choice for the same. While there are growing SSD adoption rates for consumer devices, which has penetrated the market, the mobility of the United States’ enterprise and data center ecosystem, including sub sectors, means HDD markets continue to expand, particularly for high-density, energy-efficient HDD technologies.
China is now expanding fast on its hard disk drive (HDD) market as the demand surges with domestic cloud service providers, AI applications, and government-backed digital infrastructure projects in the country. Big Chinese companies like Alibaba Cloud, Tencent Cloud, and Huawei Cloud are building massive data centers that need high-capacity HDDs to keep the cost-based and long-term data storage.
In addition, the Chinese government’s data localization laws have required sensitive data to be stored domestically, driving HDD deployment for enterprise storage and surveillance applications. Increasing demand for HDDs, particularly in edge computing and industrial storage applications, is also driven by the emergence of AI, 5G, and smart manufacturing. Although China is also investing in NAND flash production, HDDs are vital to its national data storage strategy, where enterprise and government sectors will continue to drive growth.
India, being an emerging market, is witnessing vigorous growth in its HDD industry, driven by the Digital economy, growth in the adoption of cloud, and new data localization policies. Increasing usage of digital banking, e-commerce, and government-backed digital initiatives (such as Digital India) are driving demand for low-cost, high-capacity storage solutions. Demand for HDD is picking up for enterprise cloud storage with techno giants like Google, Microsoft, Amazon expanding their data centres in India.
Growth in HDD demand is also driven by the Indian government's push for data localization, mandating the use of financial and user data within India, which further augments domestic HDD adoption. SSD penetration is on the rise but many use cases require the low price point of an HDD and many use cases require that bulk price point to aid small businesses and enterprises and definitely cloud service providers that are looking for scalable storage infrastructure.
The section contains information about the leading segments in the Hard Disk Drive industry. By Drive Type, the Desktop HDDs segment has holding the share of 47.8% in 2025. Moreover, By Storage Capacity, the 250GB - 1TB segment is estimated to grow at a CAGR of 6.1% during the forecasted period.
| Drive Type | Share (2025) |
|---|---|
| Desktop HDDs | 47.8% |
The Desktop HDD segment accounted for the largest share of the market in the Hard Disk Drive (HDD) market, due to the extensive use of these devices in personal computers, office desktops, and professional workstations.
While Solid-State Drives (SSDs) are rapidly becoming the mainstream storage choice, desktop HDDs provide the best price per terabyte to homeowners and businesses that need a large amount of storage for relatively cheap. Desktop HDD (Hard Disk Drive) is popular in gaming PC, creative content storage, and workstation applications, which needs hard disk storage capacity.
With a growing need for economical storage solutions, HDDs remain favored in emerging markets and price-sensitive consumer segments. - Manufacturers like Seagate, Western Digital and Toshiba are creating high-capacity desktop HDDs (up to 10TB) to meet demands for data-heavy applications which only serves to reinforce this segment’s dominance in the market.
| Storage Capacity | CAGR (2025-2035) |
|---|---|
| 250GB - 1TB | 6.1% |
Rising demand for low-cost, mid-range storage for consumer and business applications is boosting this segment, driving the growth of the 250GB - 1TB HDD segment at the highest CAGR in the overall Hard Disk Drive (HDD) market.
Inexpensive Hard Disk Drives (HDDs) are ubiquitous in budget laptops, entry-level desktops, and external storage units, thus preferred by users who are stringent on price. Even more, small and medium-sized organizations (SMBs) fall back on 250GB - 1TB HDDs to serve as fetchers for their simple data storage and backup solutions, as well as software installations.
While the cloud storage spaces are getting larger, consumers still need affordable local storage options for personal data, gaming and multimedia content. High-speed, energy-efficient HDDs in this range continue to be introduced by major HDD manufacturers like Seagate, Western Digital, and Toshiba, contributing to their ongoing relevance as storage demands grow and change.
The HDD industry has several foremost players including Seagate Technology, Western Digital, Toshiba Corporation and others which control most of the marketplace segment. All of these companies are concerned with development of high-capacity enterprise HDDs, areal density improvements, and media transfer rate per cost for storage solutions.
Data has shown that while SSD adoption is on the rise, HDD manufacturers are still pouring money into HAMR (Heat-Assisted Magnetic Recording) and MAMR (Microwave-Assisted Magnetic Recording) technology to increase their storage capabilities. Equally, helium-swollen HDDs continue breaking ground in enterprise storage.
Regional players and focus companies like Quantum Corporation and Fujitsu target limited segments, such as archival and surveillance storage. The market is still very consolidated and technological innovations, price competitiveness, partnership with cloud providers will define the future growth of the industry.
Recent Industry Developments in Hard Disk Drive Market
The global Hard Disk Drive industry is projected to witness CAGR of 5.3% between 2025 and 2035.
The global Hard Disk Drive industry stood at USD 66.6 billion in 2025.
The global Hard Disk Drive industry is anticipated to reach USD 111.2 billion by 2035 end.
East Asia is set to record the highest CAGR of 5.8% in the assessment period.
The key players operating in the global Hard Disk Drive industry include Seagate Technology Holdings PLC, Western Digital Corporation, Toshiba Corporation, Hitachi Global Storage Technologies (HGST) (Acquired by Western Digital), Samsung Electronics Co., Ltd., Quantum Corporation and others.
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