Analyst Predicts HDD Sales to Continue Beyond 2028, Contrary to Pure Storage CEO

Coughlin Associates predicts hard disk drive (HDD) sales will continue beyond 2028, driven by nearline HDDs and decreasing costs. The average cost per gigabyte for HDDs is expected to drop below $0.01 per gigabyte in 2024.

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Analyst Predicts HDD Sales to Continue Beyond 2028, Contrary to Pure Storage CEO

Analyst Predicts HDD Sales to Continue Beyond 2028, Contrary to Pure Storage CEO

Analyst firm Coughlin Associates is predicting that hard disk drive (HDD) sales will continue beyond 2028, in contrast to a prediction made by Pure Storage CEO Charles Giancarlo. According to Coughlin Associates, nearline HDDs are expected to drive growth in the HDD market, with the average cost per gigabyte for HDDs predicted to drop below $0.01 per gigabyte in 2024.

Why this matters: The continued relevance of HDDs in the data storage market has significant implications for businesses and consumers alike, as it affects the cost and efficiency of storing large amounts of data. As the global data storage needs continue to grow, the evolution of HDDs and other storage solutions will play a critical role in shaping the future of data management.

The differing outlooks on the future of HDDs highlight the ongoing competition and evolution in the data storage market. While solid-state drives (SSDs) have gained popularity in recent years due to their faster performance and smaller size, HDDs remain a cost-effective solution for storing large amounts of data that do not require frequent access, such as backups and archives.

HDDs have been a mainstay in the storage industry since their introduction in the 1950s. Over the decades, they have undergone significant advancements in design and capacity. Today's HDDs can store multiple terabytes of data on a single drive, with some high-capacity models offering up to 20TB or more.

Nearline HDDs, which are optimized for high-capacity storage and lower access frequencies, are expected to be a key driver of growth in the HDD market. These drives are commonly used in data centers and cloud storage environments, where vast amounts of data need to be stored cost-effectively. As data continues to grow at an exponential rate, the demand for high-capacity, low-cost storage solutions like nearline HDDs is expected to remain strong.

The predicted drop in the average cost per gigabyte for HDDs to below $0.01 in 2024 is another factor that could contribute to the continued relevance of HDDs in the storage market. As the cost per gigabyte decreases, HDDs become an even more attractive option for businesses and consumers looking to store large amounts of data without breaking the bank.

Despite the optimistic outlook for HDDs from Coughlin Associates, it is important to note that the storage market is constantly evolving. While HDDs are expected to maintain a significant presence in the coming years, advancements in SSD technology and other storage solutions could potentially disrupt the market. As data storage needs continue to grow and change, it will be crucial for businesses and consumers to stay informed about the latest developments and choose the storage solutions that best meet their specific requirements and budgets.

Key Takeaways

  • HDD sales to continue beyond 2028, contrary to Pure Storage CEO's prediction.
  • Nearline HDDs to drive growth in HDD market, with average cost per GB dropping below $0.01 in 2024.
  • HDDs remain cost-effective for storing large amounts of infrequently accessed data.
  • HDDs to maintain relevance in data storage market despite SSD popularity.
  • Storage market to continue evolving, with advancements in SSD tech and other solutions.