Western Digital Corporation (WDC) and Pure Storage, Inc. (PSTG) are two prominent tech companies engaged in data storage. WDC in San Jose, Calif., develops, manufactures, and sells data storage devices and solutions, mainly hard-disk drives (HDDs) and solid-state drives (SDDs), and serves OEMs, distributors, resellers, and retailers. In comparison, PSTG in Mountain View, Calif., provides technology and data storage solutions and offers container data services, such as storage, data protection, data security, and disaster recovery/backup for cloud-native applications. It also offers flash enterprise arrays for high-performance workloads.
Rising demand for high-capacity data storage solutions in the digital era has been driving the data storage industry’s growth. The continued adoption of hybrid working models should further drive the industry’s growth. The data storage market is expected to grow at a 32.3% CAGR to $4.20 billion by 2026. Therefore, PSTG and WDC should benefit substantially.
