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). Request for...