UAE External Hard Drive Market is Expected to Register a CAGR of 12.63% Through 2029
Growing data generation & storage needs, expanding digital infrastructure & smart city initiatives, and Increasing Adoption of High-Resolution Content are likely to propel the market during the forecast period.
According to
TechSci Research report, “UAE External Hard Drive Market – By Region,
Competition, Forecast and Opportunities, 2019-2029F”, UAE External Hard Drive Market was valued at
USD 63 Million in 2023 and is expected to reach USD 129 Million by 2029 with a
CAGR of 12.63% during the forecast period.
The UAE External Hard Drive market is
witnessing a significant shift towards solid-state drives (SSDs), driven by
their superior performance compared to traditional hard disk drives (HDDs).
SSDs offer faster data transfer speeds, lower power consumption, and greater
durability, making them an attractive option for both consumers and businesses.
This trend is particularly evident among tech-savvy users and industries that
prioritize speed and reliability, such as gaming, media production, and
professional services.
One of the primary advantages of SSDs is
their ability to significantly reduce data access and transfer times. This is
particularly important in a fast-paced business environment, where efficiency
and productivity are paramount. Professionals who work with large files, such
as video editors and graphic designers, benefit from the quick read and write
speeds that SSDs provide, enabling them to complete tasks more efficiently.
Additionally, the absence of moving parts in SSDs makes them more resistant to physical
damage, enhancing their reliability and lifespan compared to HDDs.
The declining cost of SSD technology is
also contributing to their rising adoption. As prices continue to drop, SSDs
are becoming more accessible to a broader range of consumers, including those
who were previously deterred by the higher cost compared to HDDs. This price
reduction, combined with the increasing availability of SSDs in various
capacities, has led to a gradual shift in consumer preferences towards
SSD-based external hard drives.
Moreover, the trend towards slimmer and
more portable devices is further driving the adoption of SSDs. Their compact
size and lightweight nature make them ideal for users who prioritize
portability without sacrificing storage capacity or performance. As SSD
technology continues to evolve and become more affordable, it is expected that
SSD-based external hard drives will increasingly dominate the UAE market,
gradually replacing traditional HDDs as the preferred storage solution.
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Based
on Application, The
Consumer Desktop held the largest market share in 2023. The proliferation of
digital media among consumers is a major driver. With the rise of
high-definition video, high-resolution photography, and extensive digital
libraries, individuals require substantial storage capacity to manage and
archive their personal data. External hard drives offer a convenient and
cost-effective solution for storing large volumes of multimedia content, making
them a preferred choice for home users. The
increasing use of digital content creation tools and applications among UAE
residents fuels demand for external hard drives. With the growth of hobbies
such as photography, videography, and digital art, many consumers seek reliable
storage solutions to back up and manage their creative work. External hard
drives provide an accessible means of ensuring that valuable content is safely
stored and readily available. Another contributing factor is the expanding
remote work trend, which has heightened the need for efficient data storage
solutions in home office environments. As more individuals work from home, they
require reliable external storage for work-related documents, backups, and
other important files. The flexibility of external hard drives, which offer
plug-and-play functionality and high storage capacities, aligns well with the
needs of remote workers. The
UAE's high smartphone penetration and the corresponding increase in data
generation from mobile apps, photos, and videos contribute to the dominance of
the Consumer Desktop segment. External hard drives serve as a practical means
for users to offload and archive data from their smartphones and other devices. Competitive
pricing and advancements in external hard drive technology have made these
devices more accessible to the average consumer. Enhanced features such as
higher capacities, improved data transfer speeds, and increased durability
appeal to a broad range of users, further reinforcing the dominance of the
Consumer Desktop segment in the UAE market.
Based
on region, Sharjah is the fastest-growing region in the UAE External Hard Drive
market due to several key factors that contribute to its rapid expansion. Sharjah's
burgeoning economic landscape, driven by diversified industrial and commercial
activities, significantly influences the demand for external hard drives. The
emirate's growing number of small and medium-sized enterprises (SMEs) and
expanding digital sectors, including media, education, and healthcare, create a
robust need for reliable and high-capacity storage solutions. As businesses and
educational institutions increasingly digitize their operations, the demand for
efficient data management and backup solutions, such as external hard drives,
has surged. Sharjah's
strategic investments in infrastructure and technology further support its
growth in the external hard drive market. The emirate's focus on enhancing its
technological ecosystem, including the development of business parks and tech
hubs, stimulates the demand for advanced storage solutions. This infrastructure
development facilitates the growth of digital enterprises and contributes to
the increasing adoption of external hard drives among businesses and consumers
alike. The rise in consumer electronics and digital content creation in Sharjah
also plays a crucial role. With a growing population engaged in multimedia
activities, from video production to gaming, there is a heightened need for
external hard drives to manage and store large volumes of high-definition
content. This trend is particularly noticeable in the city's dynamic and
tech-savvy consumer base. Furthermore, Sharjah's competitive pricing and
availability of a wide range of external hard drives attract both businesses
and consumers seeking cost-effective storage solutions. Retailers and
distributors in Sharjah have responded to this demand by offering diverse
product options, catering to various storage needs, and enhancing market
accessibility.
Major companies
operating in the UAE External Hard Drive Market are:
- Seagate Technology LLC
- Western Digital Corporation
- Toshiba Corporation
- Samsung Electronics Co., Ltd.
- Fujitsu Limited
- ADATA Technology Co., Ltd.
- Transcend Information, Inc
- Intel Corporation
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“The UAE
External Hard Drive market presents a significant opportunity driven by the
increasing demand for high-capacity storage solutions, growing data security
concerns, and the rise in remote work and digital content creation. With a
dynamic digital landscape and a tech-savvy population, there is a substantial
market potential for external hard drives that offer enhanced portability,
durability, and advanced security features. The shift towards
solid-state drives (SSDs) and the integration of robust encryption technologies
create avenues for growth. Manufacturers can capitalize on these trends by
providing innovative, reliable, and high-performance storage solutions tailored
to the evolving needs of UAE consumers and businesses.” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based global management consulting
firm.
“UAE External
Hard Drive Market, By Form Factor (2.5 inch, 3.5 inch, Others), By Application
(Mobile, Consumer Desktop, Enterprise, Nearline, Others), By Capacity (Less
than 1TB, 1-5TB, Above 5TB), By Interface (USB 3.0, USB 2.0, Thunderbolt,
USB-C) By Region, Competition, Forecast & Opportunities, 2019-2029F”, has evaluated the future growth
potential of UAE External Hard Drive Market and provides statistics &
information on Market size, structure and future Market growth. The report
intends to provide cutting-edge Market intelligence and help decision-makers make
sound investment decisions., The report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in the
UAE External Hard Drive Market.
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