Lewes, DE -- (SBWIRE) -- 07/06/2016 -- Report forecast the global external hard disk market to grow at a CAGR of 2.9% during the period 2016-2020.

HDDs are classified into different categories such as digital, magnetic, non-volatile, random access, and data storage devices. There are two types of HDDs: internal HDDs and external hard disks. An internal HDD is an HDD that resides inside a computer and stores user's software and personal files. An external hard disk resides outside a computer, and it is used when the internal hard disk drive memory of a computer is not sufficient.

An external hard disk is connected to a device typically through a USB and has slower data transfer rates when compared to internal HDDs, which are connected through serial advanced technology attachment (SATA). As of 2016, the available capacities of external hard disks range from 500 GB to 1 TB.

The report covers the present scenario and the growth prospects of the global external hard disk market for 2016-2020. To calculate the market size, the report considers the revenue generated from the unit shipments of external hard disks for individual consumers

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, a key growth driver is the multiple advantages offered by external hard disks. For instance, the extra space offered by portable external hard disks frees up additional space. the disk space on the workstation is full, functions such as video editing become difficult. This issue can be overcome by using hard drives for such specific purposes. Different drives can be used for different types of projects.

Further, the report states that one challenge that could restrict market growth is the emergence of cloud-storage services.

Global External Hard Disk Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global external hard disk market: Western Digital, Seagate Technology, and Toshiba.

Other Prominent Vendors in the market are: Fujitsu, Hitachi, and Samsung Electronics.

Market driver
- Multiple advantages of external hard disks
- For a full, detailed list, view our report

Market challenge
- Emergence of cloud-storage services
- For a full, detailed list, view our report

Market trend
- Innovation of high-storage portable external hard disks
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 62 pages and 30 Exhibit "Global External Hard Disk Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Comparison of HDDs and SSDs, Comparison of cloud and external hard disks, Hybrid drive, Industry overview, Geographical segmentation, Buying criteria, Market drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Summary of key figures, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-external-hard-disk-market-2016-2020

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