The global hard disk drive (HDD) market is expected to grow at a compound annual growth rate (CAGR) of 5.4% during the forecast period (2024-2031). As the use of the internet is booming at a rapid pace there is been a ton of data being generated and transferred at some microseconds. For the storage of this data, there are several data centers being built, and especially the use of cloud computing is forcing the big giant to develop their data center facilities. These massive facilities, operated by major cloud providers, prioritize efficiency and cost-effectiveness. While they rely heavily on SSDs for performance-critical tasks, bulk storage requirements might still see HDDs utilized strategically due to their lower cost per TB. Processing data closer to its source is becoming increasingly important. Smaller edge data centers may favor HDDs for their affordability and flexibility in balancing cost and performance for local data storage. In conclusion, the rapid generation of data on an individual basis and on the cloud enforces to building of vast data center facilities and which in turn increases market growth.
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For example, Immuta and Atlan are data governance and catalog solutions, respectively. However, Immuta is also developing a data catalog, and Atlan is adding governance capabilities. Customers tend to replace secondary capabilities with tools that specialize in them.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Form Factor
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape includes Hewlett Packard Enterprise Co., Micron Technology, Inc., Seagate Technology LLC, Toshiba Corp., Western Digital Corp., and others.
Key questions addressed by the report
Global Hard Disk Drive (HDD) Market Report Segment
By Form Factor:
By Application
Global Hard Disk Drive (HDD) Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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