Product Code: ETC13316120 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global External Storage Market was valued at USD 63.9 Billion in 2024 and is expected to reach USD 94.8 Billion by 2031, growing at a compound annual growth rate of 6.90% during the forecast period (2025-2031).
The Global External Storage Market is a rapidly growing sector driven by increasing data generation, cloud adoption, and the need for scalable storage solutions. Key players such as Dell Technologies, Western Digital, and Hewlett Packard Enterprise dominate the market with a wide range of products including HDDs, SSDs, and hybrid storage solutions. The market is witnessing a shift towards flash-based storage due to its higher performance and reliability. Additionally, the demand for external storage in industries such as IT, healthcare, and BFSI sectors is fueling market growth. With the rising trend of remote work and IoT devices, the external storage market is expected to continue its growth trajectory, offering opportunities for innovation and expansion in the coming years.
The Global External Storage Market is experiencing growth driven by the increasing adoption of cloud-based services, big data analytics, and the proliferation of digital content. The demand for external storage solutions is rising among enterprises and consumers alike due to the need for secure and scalable storage options. Additionally, the shift towards remote work and the rise of IoT devices are fueling the demand for external storage solutions to manage and store data effectively. Opportunities in the market include the development of high-capacity and high-speed external storage solutions, as well as the integration of advanced technologies such as AI and machine learning for data management and security. Companies in the external storage market can capitalize on these trends by focusing on innovation, offering value-added services, and targeting emerging industries such as healthcare and finance.
The Global External Storage Market faces several challenges, including increasing competition among key players leading to pricing pressures, rapid technological advancements requiring continuous innovation to stay competitive, and data security concerns amidst the growing volume of sensitive information being stored externally. Additionally, economic uncertainties and fluctuations in demand due to geopolitical factors contribute to the market`s volatility. Furthermore, the shift towards cloud-based storage solutions poses a threat to traditional external storage providers, necessitating strategic adaptations to address changing customer preferences. Overall, navigating these challenges requires a proactive approach to leveraging emerging technologies, enhancing cybersecurity measures, and establishing strong customer relationships to sustain growth in the dynamic external storage market.
The Global External Storage Market is being primarily driven by the increasing adoption of cloud-based storage solutions, the rising volume of data generated by businesses and individuals, and the growing demand for high-capacity storage devices for data backup and archiving purposes. Furthermore, the proliferation of mobile devices and the need for additional storage capacity to store multimedia content such as videos, photos, and music are also contributing to the market growth. Additionally, the rise in data security concerns and the implementation of stringent data protection regulations are prompting organizations to invest in external storage solutions to safeguard their critical information. Overall, these factors are fueling the demand for external storage products and services in the global market.
Government policies related to the Global External Storage Market mainly focus on data protection, privacy regulations, and cybersecurity measures. Various countries have enacted laws such as the General Data Protection Regulation (GDPR) in the European Union, the California Consumer Privacy Act (CCPA) in the United States, and the Personal Information Protection Law in China to regulate the collection, storage, and processing of personal data. Additionally, governments are increasingly emphasizing cybersecurity standards and requirements for businesses handling sensitive data to prevent data breaches and ensure the security of external storage systems. Compliance with these policies is crucial for companies operating in the Global External Storage Market to ensure data security, protect consumer privacy, and avoid potential legal penalties.
The Global External Storage Market is expected to witness significant growth in the coming years, driven by the increasing need for storage solutions due to the exponential growth of data generated by businesses and individuals. Factors such as the rising adoption of cloud storage services, the proliferation of IoT devices, and the growing trend of digital transformation initiatives are expected to fuel the demand for external storage solutions. Additionally, the shift towards remote work and the increasing focus on data security and compliance are likely to further boost market growth. With advancements in technology leading to higher storage capacities, faster data transfer speeds, and improved data protection features, the Global External Storage Market is poised for expansion, offering ample opportunities for key players in the industry to innovate and cater to evolving customer needs.
In the Global External Storage Market, Asia Pacific is projected to witness significant growth due to increasing adoption of cloud storage solutions in countries like China and India. North America is expected to dominate the market, driven by the presence of key players and advanced technological infrastructure. In Europe, the demand for external storage is rising with the growing data storage needs of businesses. The Middle East and Africa region is experiencing a gradual uptake of external storage solutions as businesses focus on enhancing data security. Latin America is also showing a steady growth in the external storage market, fueled by the increasing digitization efforts across various industries in the region. Overall, the global external storage market is poised for expansion across all regions, driven by the increasing need for secure and scalable data storage solutions.
Global External Storage Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global External Storage Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global External Storage Market Revenues & Volume, 2021 & 2031F |
3.3 Global External Storage Market - Industry Life Cycle |
3.4 Global External Storage Market - Porter's Five Forces |
3.5 Global External Storage Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global External Storage Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Global External Storage Market Revenues & Volume Share, By Storage Capacity, 2021 & 2031F |
3.8 Global External Storage Market Revenues & Volume Share, By Interface Type, 2021 & 2031F |
3.9 Global External Storage Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Global External Storage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global External Storage Market Trends |
6 Global External Storage Market, 2021 - 2031 |
6.1 Global External Storage Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global External Storage Market, Revenues & Volume, By USB Flash Drives, 2021 - 2031 |
6.1.3 Global External Storage Market, Revenues & Volume, By External SSDs, 2021 - 2031 |
6.1.4 Global External Storage Market, Revenues & Volume, By External Hard Drives, 2021 - 2031 |
6.1.5 Global External Storage Market, Revenues & Volume, By Wireless External Storage, 2021 - 2031 |
6.2 Global External Storage Market, Revenues & Volume, By Storage Capacity, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global External Storage Market, Revenues & Volume, By 8GB to 2TB, 2021 - 2031 |
6.2.3 Global External Storage Market, Revenues & Volume, By 120GB to 4TB, 2021 - 2031 |
6.2.4 Global External Storage Market, Revenues & Volume, By 500GB to 10TB, 2021 - 2031 |
6.2.5 Global External Storage Market, Revenues & Volume, By 500GB to 2TB, 2021 - 2031 |
6.3 Global External Storage Market, Revenues & Volume, By Interface Type, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global External Storage Market, Revenues & Volume, By USB 2.0 and 3.0, 2021 - 2031 |
6.3.3 Global External Storage Market, Revenues & Volume, By Thunderbolt, 2021 - 2031 |
6.3.4 Global External Storage Market, Revenues & Volume, By USB 3.0 and eSATA, 2021 - 2031 |
6.3.5 Global External Storage Market, Revenues & Volume, By Wi-Fi or Bluetooth, 2021 - 2031 |
6.4 Global External Storage Market, Revenues & Volume, By End User, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global External Storage Market, Revenues & Volume, By Individuals and Students, 2021 - 2031 |
6.4.3 Global External Storage Market, Revenues & Volume, By Gamers and Creative Professionals, 2021 - 2031 |
6.4.4 Global External Storage Market, Revenues & Volume, By Small Businesses and Professionals, 2021 - 2031 |
6.4.5 Global External Storage Market, Revenues & Volume, By Home Users and Mobile Professionals, 2021 - 2031 |
7 North America External Storage Market, Overview & Analysis |
7.1 North America External Storage Market Revenues & Volume, 2021 - 2031 |
7.2 North America External Storage Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) External Storage Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada External Storage Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America External Storage Market, Revenues & Volume, 2021 - 2031 |
7.3 North America External Storage Market, Revenues & Volume, By Product Type, 2021 - 2031 |
7.4 North America External Storage Market, Revenues & Volume, By Storage Capacity, 2021 - 2031 |
7.5 North America External Storage Market, Revenues & Volume, By Interface Type, 2021 - 2031 |
7.6 North America External Storage Market, Revenues & Volume, By End User, 2021 - 2031 |
8 Latin America (LATAM) External Storage Market, Overview & Analysis |
8.1 Latin America (LATAM) External Storage Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) External Storage Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil External Storage Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico External Storage Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina External Storage Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM External Storage Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) External Storage Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8.4 Latin America (LATAM) External Storage Market, Revenues & Volume, By Storage Capacity, 2021 - 2031 |
8.5 Latin America (LATAM) External Storage Market, Revenues & Volume, By Interface Type, 2021 - 2031 |
8.6 Latin America (LATAM) External Storage Market, Revenues & Volume, By End User, 2021 - 2031 |
9 Asia External Storage Market, Overview & Analysis |
9.1 Asia External Storage Market Revenues & Volume, 2021 - 2031 |
9.2 Asia External Storage Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India External Storage Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China External Storage Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan External Storage Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia External Storage Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia External Storage Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9.4 Asia External Storage Market, Revenues & Volume, By Storage Capacity, 2021 - 2031 |
9.5 Asia External Storage Market, Revenues & Volume, By Interface Type, 2021 - 2031 |
9.6 Asia External Storage Market, Revenues & Volume, By End User, 2021 - 2031 |
10 Africa External Storage Market, Overview & Analysis |
10.1 Africa External Storage Market Revenues & Volume, 2021 - 2031 |
10.2 Africa External Storage Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa External Storage Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt External Storage Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria External Storage Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa External Storage Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa External Storage Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10.4 Africa External Storage Market, Revenues & Volume, By Storage Capacity, 2021 - 2031 |
10.5 Africa External Storage Market, Revenues & Volume, By Interface Type, 2021 - 2031 |
10.6 Africa External Storage Market, Revenues & Volume, By End User, 2021 - 2031 |
11 Europe External Storage Market, Overview & Analysis |
11.1 Europe External Storage Market Revenues & Volume, 2021 - 2031 |
11.2 Europe External Storage Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom External Storage Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany External Storage Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France External Storage Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe External Storage Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe External Storage Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11.4 Europe External Storage Market, Revenues & Volume, By Storage Capacity, 2021 - 2031 |
11.5 Europe External Storage Market, Revenues & Volume, By Interface Type, 2021 - 2031 |
11.6 Europe External Storage Market, Revenues & Volume, By End User, 2021 - 2031 |
12 Middle East External Storage Market, Overview & Analysis |
12.1 Middle East External Storage Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East External Storage Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia External Storage Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE External Storage Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey External Storage Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East External Storage Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12.4 Middle East External Storage Market, Revenues & Volume, By Storage Capacity, 2021 - 2031 |
12.5 Middle East External Storage Market, Revenues & Volume, By Interface Type, 2021 - 2031 |
12.6 Middle East External Storage Market, Revenues & Volume, By End User, 2021 - 2031 |
13 Global External Storage Market Key Performance Indicators |
14 Global External Storage Market - Export/Import By Countries Assessment |
15 Global External Storage Market - Opportunity Assessment |
15.1 Global External Storage Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global External Storage Market Opportunity Assessment, By Product Type, 2021 & 2031F |
15.3 Global External Storage Market Opportunity Assessment, By Storage Capacity, 2021 & 2031F |
15.4 Global External Storage Market Opportunity Assessment, By Interface Type, 2021 & 2031F |
15.5 Global External Storage Market Opportunity Assessment, By End User, 2021 & 2031F |
16 Global External Storage Market - Competitive Landscape |
16.1 Global External Storage Market Revenue Share, By Companies, 2024 |
16.2 Global External Storage Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |