Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News
Whatsapp

India External Extensive Storage HDD Market Grows 32% in Q1 2021

IANS
IANS
Meet the voice behind Indo-Asian News Service (IANS), a storyteller navigating the currents of global events with precision and depth. Crafting narratives that bridge cultures, IANS brings you the pulse of the world in every word

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

Led by Seagate, the India external HDD market recorded 32 percent growth (on-year) in the first quarter of this year, a new report showed on Thursday.

Seagate led the market with 47 percent market share, followed by Western Digital at 42 percent in the overall external HDD category, according to CyberMedia Research’s (CMR) India External Hard Drive Market Review.

“External HDDs have been the consumer’s favorite when it comes to the cost-effective extensive storage solutions. Brands were well prepared for the continued pent-up demand and Chinese New Year in Q1, thus elevating the overall market shipments,” said Shipra Sinha, analyst-Industry Intelligence Group (IIG), CyberMedia Research (CMR).

1TB and 2TB both captured 36 percent market share each. 2TB capacity shipments increased by 52 percent (YoY). 4TB was the next preferred capacity with a 12 percent market share and its shipments growing 79 percent (YoY).

On a QoQ basis, the market shipments increased by 20 percent.

“Q2 is expected to slow down due to the current Covid-19 second wave, statewide lockdowns and supply disruptions. Moreover, SSDs superior features over HDDs will affect its demand. Despite all, a positive future growth is expected due to the accelerated digital transformation and spur in technological innovation,” Sinha noted.

Join 10,000+ Fellow Readers

Get Techgenyz’s roundup delivered to your inbox curated with the most important for you that keeps you updated about the future tech, mobile, space, gaming, business and more.

Recomended

Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic