target audience: TECH SUPPLIER Publication date: Jan 2024 - Document type: Market Perspective - Doc Document number: # US50893124
Worldwide Hard Disk Drive 4Q23 Preliminary Shipment Results
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Abstract
This IDC Market Perspective provides a preliminary unit shipment range for worldwide hard disk drive (HDD) units by HDD drive class and estimated supplier market share for 4Q23.
"Demand from hyperscalers appears to have reached a bottom in 3Q23 and began to climb higher in the fourth quarter of 2023 as forecast, signaling in part, an improving inventory situation," according to Ed Burns, research director, Worldwide Hard Disk Drives at IDC. "It is also likely that after an extended period of proportionately higher compute spending by cloud service providers due to the emerging focus on GenAI platforms, these customers may be beginning to spend on storage again, helping support higher levels of demand for capacity-optimized HDDs going forward."