The shingled magnetic recording market is anticipated to expand at a robust CAGR of 20.7% from 2022 to 2032. It is currently valued at US$ 1.6 billion, but by then, it’s anticipated to be worth US$ 10.6 billion. Previously, the market grew at a slower CAGR of 19.3% from 2016 to 2021.
One of the technologies with the quickest growth is shingled magnetic recording (SMR), which was developed in response to the growing demand for increased hard disc drive capacity and data recovery from archived hard disc drives. The demand for data is currently growing, as is the need for storage technology.
The growing demand for high storage capacity, fast data access speed, and highly cost-effective storage devices worked together to further promote the development of storage recording technology. Shingled Magnetic Recording has been developed to increase density, or we can say, break the limit of traditional PMR (Perpendicular Magnetic Recording).
Request for a Sample of this Research Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-4405
Shingled Magnetic Recording technology is being used for archiving, data backup, and repository management. Environments like WORM (Write Once Read Many) and object storage are suitable for SMR, benefiting from its performance characteristics.
Shingled Magnetic Recording technology is useful for organizations and other institutions that have massive amounts of data and that require a value-centric alternative to the current near-line offerings, SMR seems to be a perfect choice
Shingled Magnetic Recording Market: Drivers and Challenges
The major factor driving the adoption of Shingled Magnetic Recording technology is the growing demand to increase the capacity of hard disk drives. Shingled Magnetic Recording technology leverages existing standards to increase platter capacity by up to 25%.
Moreover, Shingled Magnetic Recording technology provides help for high capacity, power-efficient storage solutions required by digital media content servers, enterprise data center servers, cloud-based active and cold storage – any configuration that requires high capacity storage and high reliability.
The key challenge restraining the market for the Shingled Magnetic Recording technology market is the chances of data loss as ordinary hard disk drives and Shingled Magnetic Recording hard disk drive uses the same storage codes.
So, there are chances of data loss in Shingled Magnetic Recording hard disk drive. However, the data recovery can be done in Shingled Magnetic Recording technology but it is a time-consuming process.
Key Developments
- In January 2016, Seagate launched 3.5-inch, 10-terabyte enterprise capacity hard drives for the growing demands of public and private cloud-based data centers.
- The drive is filled and sealed in with helium to create a turbulence-free, quiet environment in rack-mounted spaces typically filled with hundreds of drives operating.
- In January 2016, Seagate launched back up plus ultra slim, with a 5,400 RPM mobile 2 TB HDD with a 7 mm Z-height coupled with Shingled Magnetic Recording technology.
- In June 2015, HGST, a Western Digital company launched an enterprise-class Helio Seal 10TB hard drive, particularly for achieving maximum density by including Shingled Magnetic Recording technology.
Regional Overview
North America holds the largest market share currently for the Shingled Magnetic Recording market due to the convergence of big data will create new opportunities for Shingled Magnetic Recording technology.
Moreover, an increase in data usage has become the main focus of valid Shingled Magnetic Recording due to which the market demand for Shingled Magnetic Recording has increased significantly.
In the European region, the market for Shingled Magnetic Recording technology is witnessing a high growth rate due to the presence of a large number of companies that are using Shingled Magnetic Recording hard disk drives to improve the capacity of HDD.
In APAC also with the rising investments in research and development, the implementation of Shingled Magnetic Recording technology in hard disk drives is increasing progressively.
Leading Key Players:
- Seagate
- Toshiba
- TDK Corporation
- Fujitsu
- Showa Denko
- Western Digital
Seize this Opportunity: Buy Now for a Thorough Report
https://www.futuremarketinsights.com/checkout/4405
Key segments:
By Type:
- Drive managed
- Host-aware
- Host-managed
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
