Shingled Magnetic Recording Market Surges with Anticipated 20.7% CAGR

The market for shingled magnetic recording 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 high 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).

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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.

Regional Overview:

North America holds the largest market share currently for Shingled Magnetic Recording market due to the convergence of big data, which 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 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.

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