Hard Disk Drive Market expected to reach USD 28.045 billion by 2030

Hard Disk Drive Market Trends & Forecast

According to a research study published by Knowledge Sourcing Intelligence (KSI), the hard disk drive market will expand from USD 24.196 billion in 2025 to USD 28.045 billion in 2030 at a CAGR of 3% during the forecast period.

The data intensive economies worldwide rely upon the hard disk drive market, which forms the basic infrastructure of the global economy as the storage requirements grow owing to the increasing digital ecosystems. HDDs are used by enterprises and consumers to harness the unmatched cost-per-terabyte performance, especially in the case of a large need of archival storage that flash drives cannot provide. As data creation explodes because of areas such as cloud computing and artificial intelligence, thus HDDs remain applicable, because they can be used to address the need of bulk storage economically.

The dynamics of the market will be dependent on the interaction between the inflammatory data proliferation and the natural merits of the HDDs in the density and affordability. The global government efforts (like data localization requirements in China) increase the demand of powerful and large scale storage systems, which HDDs offer in particular at large scale. The trade associations point out that HDDs are the leading in nearline applications, where access speeds are adequate to support infrequent access, allowing the resources to be moved to higher-performance levels. However, this balance is challenged by supply shocks and innovation necessities that require manufacturers to perfect manufacturing and maintain accessibility.

Hard Disk Drive Market Report Highlights

• By Type, Internal HDDs constitute the largest part of the world hard disk drive marketplace since they are frequently utilized by both desktops and laptops, as well as in servers and in storage systems of enterprises. The internal drive demand is high because driving forces are growing with cloud computing, artificial intelligence, and enterprise IT infrastructure. The external HDDs are exhibiting a consistent growth, aided by the growing demand on portable inexpensive data storage devices among the consumer and the growing amount of digital data like videos, photos and personal files.
• By Storage Capacity, the highest growing segment is > 4 TB drives as data centers, enterprise, and cloud service providers are demanding the use of large-capacity storage to handle large volumes of data. The 1 to 4 TB market remains under heavy demand among individual users and small enterprises that need to have low-priced and efficient storage systems. HDDs with up to 1 TB are gradually declining in share as data volumes increase and consumers migrate toward higher-capacity options.
• By Form Factor, 3.5-inches HDDs capture the market as they are most popular in servers and data center setups where they have to be installed in such setups with high storage capacity and extended operating time. The 2.5-inch segment targets laptops, mini systems, and external storage devices due to the need to have lightweight and compact systems.
• The commercial and industrial segment has the highest market share by End-User because of its demand on a large scale due to the need by data centers, enterprise IT environment and cloud service providers. The high-capacity storage of HDD is the direction that enterprises are being forced to invest in due to rapid digital transformation, increased use of smart systems, and increased dependence on data analytics. Residential segment is steadily increasing owing to the increasing personal data storage, gaming, home offices and multimedia and use.

Report Coverage:

Report Metric	Details
Global Hard Disk Drive Market Size in 2025	USD 24.196 billion
Global Hard Disk Drive Market Size in 2030	USD 28.045 billion
Growth Rate	3%
Drivers	Rapid Growth in Data Generation Cloud Services and Data Centre Infrastructure
Restraints	Shift toward SSDs High failure risk and mechanical limitations
Segmentation	Type, Storage Capacity, Form Factor, Geography
List of Major Companies in Global Hard Disk Drive Market	Seagate Technology LLC Western Digital Corporation Toshiba Corporation Hewlett Packard Enterprise Development LP Sony Corporation

Hard Disk Drive Market Growth Drivers and Restraints

Growth Drivers:

• Rapid Growth in Data Generation: The increasing market rates of data generation in the areas of cloud computing, streaming services, artificial intelligence, and enterprise IT are the main factors influencing the global market of hard disk drives. The growing nature of digital platforms, social media, video-based content, and IoT devices is greatly increasing the volume of data worldwide that will create lasting demand on effective and cost-efficient data storage solutions. HDDs are still the choice where large scale storage is needed because it is cheaper per terabyte than solid-state drives (SSDs), particularly in data centres and hyperscale applications.
• Cloud Services and Data Centre Infrastructure: The second motive is the growing use of cloud services, as well as the data centre infrastructure all over the world. Cloud services and providers of information technology are still heavily investing in large storage systems with high capacity to handle workloads, backups and disaster recovery facilities. The technological innovations targeted by the HDD manufacturers include; helium-filled drives, heat-assisted magnetic recording (HAMR), and increased areal density technologies that provide the possibility to have drives with capacity that go beyond 20 TB. Such developments are enhancing storage performance and efficiency and HDDs can still compete in bulk storage and long term archival storage.

Restraints:

• Shift toward SSDs: The steady migration from HDDs to SSDs is slowing demand for traditional hard disks. SSDs offer faster speeds, lower latency, and better energy efficiency, which makes them more appealing for both consumer and enterprise use. As prices for flash memory continue to fall, HDDs lose their competitive edge, limiting their adoption across new devices and data-centre upgrades.
• High failure risk and mechanical limitations: Hard disks rely on moving mechanical parts, which increases the chances of wear, failure, and data loss. This creates reliability concerns for industries that need constant uptime. The mechanical design also restricts performance gains, making it difficult for HDD manufacturers to match modern workload needs. These limits reduce long-term appeal and push buyers toward alternative storage options.

Hard Disk Drive Market Key Development

• Product Launch: In January 2025, Seagate introduced Exos M samples up to 36 terabytes, extending Mozaic 3+ HAMR for hyperscale archival. The HDD is based on heat-assisted magnetic recording and offers unprecedented storage for large-scale data centres.

Hard Disk Drive Market Segmentation

Knowledge Sourcing Intelligence has segmented the Global Hard Disk Drive Market based on type, storage capacity, form factor, end-user and region:

Hard Disk Drive Market, by Type

• Internal HDD
• External HDD

Hard Disk Drive Market, by Storage Capacity

• Up to 1 TB
• 1 to 4 TB
• Greater than 4 TB

Hard Disk Drive Market, by Form Factor

• 2.5 Inch
• 3.5 Inch

Hard Disk Drive Market, by End-User

• Residential
• Commercial & Industrial

Hard Disk Drive Market, By Region

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
  • Others
• South America
  • Brazil
  • Argentina
  • Others
• Middle East and Africa (MEA)
  • Saudi Arabia
  • UAE
  • Others

Hard Disk Drive Market Key Players

• Seagate Technology LLC
• Western Digital Corporation
• Toshiba Corporation
• Hewlett Packard Enterprise Development LP
• Sony Corporation
• Transcend Information Inc.
• Schneider Electric
• Lenovo
• ADATA Technology Co., Ltd.
• Buffalo Americas Inc.