Increasing usage of digital content has created an inevitable demand for cost-efficient and high capacity data storage devices. Technological development across various consumer electronics segments has increased the demand for Hard Disk Drives (HDD) in India.
According to 6Wresearch, India Data Storage market comprising Hard Disk Drive (HDD) and Solid-State Drive (SSD) market shipments reached more than 2 million units in CY 3Q 2014. During CY 3Q 2014, India HDD market experienced a decline of around 6% as compared to CY 3Q 2013. Whereas, the Solid-state drives witnessed substantial increase in demand in the Indian market. Western Digital led the Internal HDD market on the other hand, Seagate captured lion share of the External HDD market.
Table: India Data Storage Market, By Type
Source: 6wresearch India Data Storage Market, Quarterly Tracker
The Indian market has witnessed a continuous increase in demand for various enterprise computing systems such as servers, SAN, NAS and desktop workstations. Additionally, NAS devices have gained huge popularity in Tier 1 cities due to their cross platform data access which will further boost the demand for HDD in the Indian market over the coming quarters.
According to Anuj Mehrotra (Research Analyst, 6Wresearch India Electronics Division), “Recent slump in the India PC (Personal Computer) market as result of the increasing adoption of tablets and smartphones have created a negative impact on the growth of India HDD market”. He also opined that the transition from Analog to IP Surveillance systems will further boost the demand for storage solutions and Hard Disk Market in India.