target audience: TECH SUPPLIER  Publication date: Dec 2023 - Document type: Market Forecast - Doc  Document number: # US51423423

Worldwide Hard Disk Drive Forecast Update, 2023–2027

By:  Edward Burns Loading


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This IDC study presents an update to Worldwide Hard Disk Drive Forecast, 20232027 (IDC #US50568323, April 2023). It integrates IDC's current IT hardware and consumer electronics products forecasts through 2027 as well as updated HDD and SSD technology transition assumptions. This forecast also reflects the updated HDD and SSD attach rate assumptions in systems, particularly where the mass storage device is fungible in the system or device.

Underpinning this forecast for the worldwide HDD market are IDC's assumptions regarding HDD technology transitions that will affect the pace of HDD areal density growth (see Worldwide Hard Disk Drive Component Forecast, 20232027, IDC #US50873423, June 2023), HDD product transitions, and HDD price-per-gigabyte declines for each HDD product segment.

"Near-term HDD demand seems to have troughed in 2H23 with gradual improvement expected in 4Q23 and more pronounced strength through calendar 2024," according to Ed Burns, research director, Hard Disk Drive and Storage Technologies. "As 2023 is experiencing an unprecedented second consecutive year of declines in enterprise HDD petabyte shipments, the HDD market in 2024 appears poised to benefit from a more normalized inventory environment at the cloud SPs and a stronger OEM demand environment. The long-term demand drivers, such as the growth of data and increasing value of data, also continue to remain in place to support strong growth for enterprise and video surveillance HDDs through the forecast period."


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