According to news on October 14, the mechanical hard disk market has been severely compressed by SSD, but it is still not ready to die. According to a report from a market research organization, the global market size of mechanical hard drives is estimated to reach US$126.967 billion in the next 10 years to 2033. For comparison, it is estimated to be US$36.5 billion in 2022, which means it will grow 3.5 times in the next 10 years.
As for such a growth rate, NAS is still the main application scenario for mechanical hard drives, accounting for more than 40%, and mobile hard drives account for more than one-third, and there will be positive growth in the future.
In addition, the growth of local data storage technology is also strengthening. This is because cyber attacks on enterprise resources are becoming more and more frequent, which gives it a better growth trend. Whether it is SSD or HDD, the growing demand for data storage solutions in an increasingly digitally active world is a good thing.
Previously, cloud storage service provider Backblaze released a hard drive failure rate report for the first half of 2023. Judging from their measured data, SSDs are more reliable than HDDs.
Of course, this conclusion is still reliable. Backblaze began using SSDs in its repositories in the fourth quarter of 2018. On June 30, 2023, there were a total of 3,144 SSDs on its servers.
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