Market research firm IHS predicts a fast increase in HDD storage densities and, as a result, a similarly strong increase in storage capacities.
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Both Seagate and Western Digital have improved their HDD shipments following the disastrous Thailand flood last year.
G-Technology announced an external Thunderbolt drive the company claims is capable of reaching sustained throughput of 280 MB/s.
Sony is pushing the industry into ditching the old-school tape storage system with its new Optical Disc Archive Drive.
Market researchers believe that the HDD industry will be able to recover this year and grow unit shipments again.
Samsung said that it is building a new factory to manufacture NAND flash chips to meet the growing demand that is especially created by mobile computing devices.
Marvell announced mass market availability of its new 88SS9187 SATA controller that will find its way into SSDs for ultrabooks.
Promise Technology announced a smaller version of its Pegasus RAID storage box that integrates 2.5-inch hard drives as well as Thunderbolt connectivity.
Western Digital (WD) and Toshiba announced that the two companies have reached an agreement under which WD will sell certain 3.5-inch manufacturing and distribution assets.
Researchers have discovered that recording data on a HDD platter using a quick laser burst is much faster than the traditional use of a magnetic field.
Cleversafe, a cloud storage software vendor which offers its customers "limitless storage space", says that it has designed a dispersed storage system that exceeds a storage capability of 10 Exabytes (EB), or 1,000 Petabytes (PB).