The External Storage Market is estimated to be valued at USD 72.6 billion in 2025 and is projected to reach USD 136.5 billion by 2035, registering a compound annual growth rate (CAGR) of 6.5% over the forecast period.
| Metric | Value |
|---|---|
| External Storage Market Estimated Value in (2025 E) | USD 72.6 billion |
| External Storage Market Forecast Value in (2035 F) | USD 136.5 billion |
| Forecast CAGR (2025 to 2035) | 6.5% |
The External Storage market is experiencing robust growth as organizations and individuals continue to generate massive amounts of data that require secure, scalable, and portable storage solutions. With the expansion of digital ecosystems, the rising demand for high-capacity storage devices has become critical for business continuity, disaster recovery, and seamless data management. The growth of cloud computing, big data analytics, and remote work environments has further elevated the importance of external storage devices, as users demand fast transfer speeds, enhanced security, and compatibility across multiple platforms.
Advancements in technologies such as solid-state drives and high-speed connectivity interfaces are enhancing efficiency and user experience. The market is also benefiting from the growing adoption of data protection frameworks and regulatory compliance requirements, which emphasize secure data storage.
Moreover, the consumer sector is contributing significantly, with rising demand for media storage, gaming, and personal data backup As enterprises and consumers increasingly value reliability, scalability, and cost-effectiveness, the External Storage market is expected to sustain strong growth across both developed and emerging regions.
The external storage market is segmented by type of storage technique, verticals, and geographic regions. By type of storage technique, external storage market is divided into External Hard Drives, Police Optical Storage (Cd/Dvd And Blue-Ray), Solid State Storage, Flash Memory Devices (Memory Cards, Memory Sticks), and Smart Cloud Devices. In terms of verticals, external storage market is classified into IT & Telecommunication, Commercial, Bfsi, Hospitals, Media & Entertainment, Law Firms, Education, Government Institutions, and Residential. Regionally, the external storage industry is classified into North America, Latin America, Western Europe, Eastern Europe, Balkan & Baltic Countries, Russia & Belarus, Central Asia, East Asia, South Asia & Pacific, and the Middle East & Africa.
The external hard drives segment is projected to hold 32.2% of the External Storage market revenue in 2025, positioning it as the leading storage technique. This dominance is being driven by the balance of affordability, capacity, and widespread availability that external hard drives provide to both enterprise and consumer users. External hard drives are favored for large-volume data backup, transfer, and archiving needs, making them critical in industries such as IT, education, and media production.
The segment’s growth is supported by ongoing improvements in storage density, durability, and data transfer speeds, ensuring continued relevance in a competitive storage landscape. Moreover, their plug-and-play functionality across operating systems and devices enhances convenience for diverse applications.
While solid-state drives are gaining traction, external hard drives continue to dominate due to their cost-effectiveness in providing terabyte-level storage at lower prices As data volumes expand globally, external hard drives are expected to maintain a strong market presence, driven by demand for reliable, large-capacity storage at accessible price points.
The IT and telecommunication verticals segment is anticipated to account for 42.2% of the External Storage market’s revenue share in 2025, making it the largest contributing vertical. Growth in this segment is being fueled by the exponential rise in data generated through cloud services, mobile applications, enterprise communications, and connected devices. IT and telecom companies rely heavily on external storage to manage data backups, ensure disaster recovery, and support uninterrupted service delivery.
The increasing adoption of 5G, edge computing, and the Internet of Things has accelerated storage requirements, making external solutions essential for both operational efficiency and compliance with data security regulations. Enterprises in this sector benefit from external storage due to its portability, scalability, and compatibility with hybrid IT infrastructures.
The cost-effectiveness and reliability of these solutions enable telecom operators and IT service providers to manage dynamic workloads while ensuring continuity As global connectivity expands and digital ecosystems grow more complex, the IT and telecommunication segment is expected to remain a primary driver of demand for external storage solutions.
External storage, also called as auxiliary storage or secondary storage, comprises of all addressable data storage that do not belong to the computer's main storage or memory. Such devices are not permanently fixed inside a computer. They offer advantages such as enhanced data storage capacity, portability, and data backup options.
In recent years, external storage market witnessed a significant year-on-year growth, mainly due to due to increased spending in storage technology across communications, media and banking verticals along with residential sector, especially in emerging economies.
| Country | CAGR |
|---|---|
| China | 8.8% |
| India | 8.1% |
| Germany | 7.5% |
| Brazil | 6.8% |
| USA | 6.2% |
| UK | 5.5% |
| Japan | 4.9% |
The External Storage Market is expected to register a CAGR of 6.5% during the forecast period, exhibiting varied country level momentum. China leads with the highest CAGR of 8.8%, followed by India at 8.1%. Developed markets such as Germany, France, and the UK continue to expand steadily, while the USA is likely to grow at consistent rates. Japan posts the lowest CAGR at 4.9%, yet still underscores a broadly positive trajectory for the global External Storage Market. In 2024, Germany held a dominant revenue in the Western Europe market and is expected to grow with a CAGR of 7.5%. The USA External Storage Market is estimated to be valued at USD 25.6 billion in 2025 and is anticipated to reach a valuation of USD 25.6 billion by 2035. Sales are projected to rise at a CAGR of 0.0% over the forecast period between 2025 and 2035. While Japan and South Korea markets are estimated to be valued at USD 3.5 billion and USD 2.2 billion respectively in 2025.
| Item | Value |
|---|---|
| Quantitative Units | USD 72.6 Billion |
| Type Of Storage Technique | External Hard Drives, Police Optical Storage (Cd/Dvd And Blue-Ray), Solid State Storage, Flash Memory Devices (Memory Cards, Memory Sticks), and Smart Cloud Devices |
| Verticals | IT & Telecommunication, Commercial, Bfsi, Hospitals, Media & Entertainment, Law Firms, Education, Government Institutions, and Residential |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, Middle East & Africa |
| Country Covered | United States, Canada, Germany, France, United Kingdom, China, Japan, India, Brazil, South Africa |
| Key Companies Profiled | Netapp, EMC, Hewlett, IBM, Toshiba, Hitachi, Seagate, Pure Storage, Fujitsu, Dell, and Huawei |
The global external storage market is estimated to be valued at USD 72.6 billion in 2025.
The market size for the external storage market is projected to reach USD 136.5 billion by 2035.
The external storage market is expected to grow at a 6.5% CAGR between 2025 and 2035.
The key product types in external storage market are external hard drives, police optical storage (cd/dvd and blue-ray), solid state storage, flash memory devices (memory cards, memory sticks) and smart cloud devices.
In terms of verticals, it & telecommunication segment to command 42.2% share in the external storage market in 2025.
Our Research Products
The "Full Research Suite" delivers actionable market intel, deep dives on markets or technologies, so clients act faster, cut risk, and unlock growth.
The Leaderboard benchmarks and ranks top vendors, classifying them as Established Leaders, Leading Challengers, or Disruptors & Challengers.
Locates where complements amplify value and substitutes erode it, forecasting net impact by horizon
We deliver granular, decision-grade intel: market sizing, 5-year forecasts, pricing, adoption, usage, revenue, and operational KPIs—plus competitor tracking, regulation, and value chains—across 60 countries broadly.
Spot the shifts before they hit your P&L. We track inflection points, adoption curves, pricing moves, and ecosystem plays to show where demand is heading, why it is changing, and what to do next across high-growth markets and disruptive tech
Real-time reads of user behavior. We track shifting priorities, perceptions of today’s and next-gen services, and provider experience, then pace how fast tech moves from trial to adoption, blending buyer, consumer, and channel inputs with social signals (#WhySwitch, #UX).
Partner with our analyst team to build a custom report designed around your business priorities. From analysing market trends to assessing competitors or crafting bespoke datasets, we tailor insights to your needs.
Supplier Intelligence
Discovery & Profiling
Capacity & Footprint
Performance & Risk
Compliance & Governance
Commercial Readiness
Who Supplies Whom
Scorecards & Shortlists
Playbooks & Docs
Category Intelligence
Definition & Scope
Demand & Use Cases
Cost Drivers
Market Structure
Supply Chain Map
Trade & Policy
Operating Norms
Deliverables
Buyer Intelligence
Account Basics
Spend & Scope
Procurement Model
Vendor Requirements
Terms & Policies
Entry Strategy
Pain Points & Triggers
Outputs
Pricing Analysis
Benchmarks
Trends
Should-Cost
Indexation
Landed Cost
Commercial Terms
Deliverables
Brand Analysis
Positioning & Value Prop
Share & Presence
Customer Evidence
Go-to-Market
Digital & Reputation
Compliance & Trust
KPIs & Gaps
Outputs
Full Research Suite comprises of:
Market outlook & trends analysis
Interviews & case studies
Strategic recommendations
Vendor profiles & capabilities analysis
5-year forecasts
8 regions and 60+ country-level data splits
Market segment data splits
12 months of continuous data updates
DELIVERED AS:
PDF EXCEL ONLINE
External Anthelmintic for Dogs Market Size and Share Forecast Outlook 2025 to 2035
External Fixator Market Size and Share Forecast Outlook 2025 to 2035
External Anti-infective Preparations Market Size and Share Forecast Outlook 2025 to 2035
External Blinds Market Size and Share Forecast Outlook 2025 to 2035
External Pacemakers Market Size and Share Forecast Outlook 2025 to 2035
External Defibrillators Market Size and Share Forecast Outlook 2025 to 2035
External Gear Pump Market Size, Growth, and Forecast 2025 to 2035
External Combustion Engine Market Growth & Demand 2025 to 2035
Animal External Fixation Market Size and Share Forecast Outlook 2025 to 2035
Automated External Defibrillator Market Analysis – Size, Share, and Forecast 2025 to 2035
Storage Water Heater Market Size and Share Forecast Outlook 2025 to 2035
Storage Tank Equipment Market Size and Share Forecast Outlook 2025 to 2035
Storage And Handling Equipment Market Size and Share Forecast Outlook 2025 to 2035
Storage Area Network (SAN) Market Analysis by Component, SAN Type, Technology, Vertical, and Region through 2035
Storage as a Service Market Trends – Growth & Forecast 2020-2030
Storage Virtualization Market
Oil Storage Market Size and Share Forecast Outlook 2025 to 2035
LNG Storage Tank Market Growth - Trends & Forecast 2025 to 2035
Toy Storage Market Insights - Trends & Forecast 2025 to 2035
Lab Storage Container Market
External Storage Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
Chat With
MaRIA
