The External Storage Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the External Storage Market?
The external storage market has seen swift expansion recently. The market's value surged from $40.44 billion in 2024 to $46.05 billion in 2025, illustrating a compound annual growth rate (CAGR) of 13.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the External Storage Industry?
The external storage market is projected to grow to a market size of $74.06 billion by 2029. The compound annual growth rate (CAGR) forecast for this period is 12.6%.
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What are the Key Growth Drivers Fueling the External Storage Market?
The key drivers in the external storage market are:
• Continuous proliferation of data
• Increasing need for remote work solutions
• Rising focus on cybersecurity measures
• Expansion of 4k and 8k content adoption
• Growing use of edge computing
Global Market Segmentation: Identifying Major External Storage Industry Segments
The external storage market covered in this report is segmented –
1) By Storage Type: Optical Storage, Solid-State Storage Devices, Flash Storage Devices, External Hard Drives, Other Storage Type
2) By Interface: Universal Serial Bus (USB), Thunderbolt, External SATA (eSATA), Firewire
3) By Capacity: Up To 1 TB, 1TB To 100 TB, Above 100 TB
4) By Application: Consumer Electronics, Healthcare Devices, Automotive Application, Enterprise Storage, Industrial Applications, Other Applications
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What are the Emerging Trends Shaping the Future of the External Storage Market?
The key trends in the external storage market are:
• The expansion of Network-Attached Storage (NAS) is a key emerging trend.
• Adoption of Solid-State Drives (SSDs) is significantly influencing the market dynamics.
• Integration of Artificial Intelligence (AI) for smart storage is a major upcoming trend.
• There is growing emphasis on sustainable and eco-friendly storage solutions.
Who Are the Top Competitors & Leading Players in the External Storage Market?
Major companies in the external storage market are:
• Samsung Electronics Co. Ltd.
• Dell Technologies Inc.
• Lenovo Group Limited
• International Business Machines Corporation
• Oracle Corporation
• SK Hynix Inc.
• Fujitsu Ltd.
• Hewlett Packard Enterprise Development LP
• Toshiba Corporation
• Micron Technology Inc.
• Western Digital Corporation
• Seagate Technology LLC
• Kingston Technology Company Inc.
• NetApp Inc.
• Hitachi Vantara LLC
• Pure Storage Inc.
• SanDisk Ltd.
• ADATA Technology Co. Ltd.
• Transcend Information Inc.
• Quantum Corporation
• QNAP Systems Inc.
• Synology Inc.
• LaCie
• Infortrend Technology Inc.
• Promise Technology Inc.
• Zoolz
• Thecus Technology Corp.
• pCloud International AG
• ID Cloud Services Ltd.
• Koofr d.o.o.
Regional Dominance: Which Area Leads the Global External Storage Market?
North America was the largest region in the external storage market in 2024
