Western Digital Corporation (WDC) in San Jose, Calif., develops, manufactures, and sells data storage devices and solutions. It offers client devices, including hard disk drives and solid-state drives for computing devices. It also provides data center devices and solutions, comprising enterprise helium hard drives and enterprise SSDs. In comparison, NetApp, Inc. (NTAP) in San Jose, Calif., provides software, systems, and cloud services to manage and share data on-premises and in private and public clouds worldwide. It provides cloud storage services, cloud control solutions, analytics, and cloud optimization solutions.
Even though the supply chain crisis and the semiconductor chip shortage exacerbated by the Russia-Ukraine war are harnessing the computer hardware industry’s growth, demand has been increasing, with companies rearranging their operations to make hybrid working a permanent feature. Furthermore, amid rapid digital transformation, the adoption of advanced technologies, such as the internet of things (IoT), artificial intelligence (AI), and cloud-based computing is expected to rise, driving an increasing need for computer hardware. According to Globe Newswire, the global computer hardware market is expected to grow at a 6% CAGR through 2025. Therefore, both WDC and NTAP should benefit.
