Computer Storage Devices Market Report 2025

The computer storage devices market size has grown steadily in recent years. It will grow from $14.7 billion in 2024 to $15.12 billion in 2025 at a compound annual growth rate (CAGR) of 2.9%. The growth in the historic period can be attributed to transition from magnetic tapes to disks, introduction of hard disk drives (hdds), rise of flash memory, advancements in storage capacities, impact of Moore's law.

The computer storage devices market size is expected to see steady growth in the next few years. It will grow to $16.74 billion in 2029 at a compound annual growth rate (CAGR) of 2.6%. The growth in the forecast period can be attributed to rise in edge computing, data center modernization, emergence of AI and machine learning, expansion of IoT devices, remote work and cloud storage. Major trends in the forecast period include solid-state drives (SSDS) dominance, cloud-based storage solutions, data center expansion, artificial intelligence and big data, edge computing requirements.

The volume of data generated from personal devices and various business operations across multiple industries is rapidly increasing, which is expected to boost the demand for storage devices during the forecast period. For example, total global data generation is projected to reach 163 zettabytes (ZB) by 2025. To effectively manage this growing data volume, the demand for storage devices from both corporate and individual customers is anticipated to drive growth in the computer storage devices and servers market.

The expanding information technology industry is expected to significantly enhance the growth of the computer storage devices and servers market in the coming years. The information technology (IT) industry encompasses the creation, management, and application of technology and computer-based systems used for storing, transmitting, retrieving, and manipulating data. The integration of advanced technologies into computer storage devices is transforming data management, accessibility, and security, providing new opportunities and solutions for various sectors. For instance, in March 2024, a report from the United States Census Bureau, a US-based federal statistical agency, indicated that the adoption of AI is rapidly increasing, climbing from 3.7% of companies in Fall 2023 to 5.4% by February 2024, with forecasts suggesting it could reach 6.6% by Fall 2024. Furthermore, around 12% of employees in these companies are expected to be using AI by that time, according to employment-weighted usage rates. Therefore, the growth of the information technology industry is driving the computer storage devices and servers market.

The demand for solid-state drives (SSDs) is rapidly increasing due to their superior storage capacity and speed compared to traditional hard disk drives (HDDs). An SSD is a non-volatile storage medium that utilizes solid-state flash memory, enabling high-speed data reading and writing for both sequential and random data requests. Unlike HDDs, SSDs have no moving parts, making them lightweight and compact. These drives are commonly used in laptops, personal computers, enterprise storage solutions, smartphones, tablets, and more. For example, in September 2023, Backblaze, a US-based cloud storage company, reported that storage servers housed 3,144 SSDs as of June 2023, up from 2,558 in the SSD annual report for 2022.

Leading companies in the computer storage devices and servers market are creating innovative products, such as pro-grade storage devices, to provide reliable services to their customers. Pro-grade storage devices are designed to deliver high performance and reliability to meet the rigorous demands of professional users. For instance, in December 2022, SanDisk, a US-based computer technology company, launched four pro-grade storage devices, including the PRO-G40 SSD, G-DRIVE Enterprise Class Desktop Hard Drive, G-RAID Shuttle SSD, and PRO-DOCK 4. These new offerings from SanDisk are tailored to the needs of professional content creators, providing high performance, reliability, and scalability. They are available for purchase through authorized retailers and the Western Digital Store.

In January 2023, Microsoft, a US-based technology company, acquired Fungible for an undisclosed amount. This acquisition reflects Microsoft's focus on enhancing data center infrastructure, particularly in networking and storage performance. Fungible, a technology company, specializes in developing data processing unit (DPU) hardware and software solutions for high-performance, scalable, and disaggregated data center infrastructure.

Major companies operating in the computer storage devices market include Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Technologies Inc., Hitachi Ltd., Huawei Technologies Co. Ltd., Sony Corporation, Amazon Web Services Inc., Lenovo Group Limited, Intel Corporation, International Business Machines Corporation, Oracle Corporation, Fujitsu Limited, Hewlett Packard Enterprise Company, Toshiba Corporation, Western Digital Corporation, Kingston Technology Company Inc., Seagate Technology LLC, Transcend Information Inc., NetApp Inc., SanDisk Corporation, Pure Storage Inc., Quantum Corporation, Nutanix Inc., Cisco Systems Inc.

The Asia-Pacific was the largest region in the computer storage devices market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the global computer storage devices market report during the forecast period. The regions covered in the computer storage devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the computer storage devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Computer storage devices are hardware components that store data and applications on various types of media, including electromagnetic, optical, or silicon-based storage. A computer server, on the other hand, is a device or software that provides services to meet the needs of another computer, referred to as the client.

The main types of computer storage devices include hard disk drives (HDDs), solid-state drives (SSDs), USB flash drives, memory cards, optical disks, and others. A hard disk drive (HDD) is a non-volatile data storage device that retains stored data even when powered off. HDDs are widely used for both individual and enterprise applications and are found in mainframes, desktop computers, laptops, and various other computing devices.

The computer storage devices market research report is one of a series of new reports that provides computer storage devices market statistics, including computer storage devices industry global market size, regional shares, competitors with a computer storage devices market share, detailed computer storage devices market segments, market trends and opportunities, and any further data you may need to thrive in the computer storage devices industry. This computer storage devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The computer storage devices market consists of sales of hardware devices such as computer disk drives, USB flash drives, and tape storage and backup units that are capable of holding information and data either temporarily or permanently. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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