• 2.5” External HDD continued to dominate with a 92% share.
• Surveillance HDD market growth by 40% QoQ and 120% YoY.
Gurugram/New Delhi, Mar 06, 2025. The latest CMR India Hard Disk Drive (HDD) Market Review by CyberMedia Research (CMR) for Q4 2024 reveals that External HDD (2.5” & 3.5”) shipments declined by 34% QoQ but registered a strong 88%, highlighting shifting market trends.
As outlined by Mukesh Sharma, Senior Analyst – Industry Intelligence Group at CyberMedia Research (CMR), “Despite the ongoing shift toward solid-state storage, HDDs continue to hold a strong position in high-capacity, cost-effective storage environments. As consumer and enterprise needs evolve, market players are expected to focus on innovation, optimizing HDD solutions for scalability and efficiency. Meanwhile, the Surveillance HDD segment has emerged as a key growth driver, driven by the increased adoption of high-resolution security systems and expanding surveillance infrastructure.”
Q4-CY2024 HDD Market Highlights
Brand positions in both categories remained steady compared to Q3, with only minor shifts in market share. Seagate clinched the top spot in the External HDD market by securing 45% market share, followed closely by Western Digital in second place with 31% market share.
In the Surveillance HDD market, Western Digital emerged as the clear leader with 41% market share, while Seagate secured the second position with 39% market share
Future Outlook
The demand for high-capacity drives is expected to sustain HDD market growth, with a projected single-digit YoY increase by the end of 2025.
“The demand for high-capacity drives will remain a key driver of HDD market growth, with a projected single-digit YoY increase by the end of 2025. However, External and Surveillance HDDs will follow distinct growth trajectories. External HDDs will continue to see steady demand, driven by increasing personal and professional data storage needs, particularly for high-resolution media, remote work, and data backup—despite rising competition from SSDs and cloud storage. In contrast, Surveillance HDDs will witness stronger momentum, fueled by the rapid expansion of security systems, smart city initiatives, and higher-resolution video surveillance. Moving forward, technological advancements in both segments will prioritize greater capacity, speed, and reliability to align with evolving market demands,” added Preet Kaur, Analyst – Industry Intelligence Group at CyberMedia Research (CMR).
