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Worldwide Solid State Drive Forecast Update, 2024-2028

Publisher IDC
Published Dec 16, 2024
Length 40 Pages
SKU # IDC19430468

Description

Worldwide Solid State Drive Forecast Update, 2024-2028


This IDC study presents an updated outlook for the solid state drive (SSD) market for the 2024–2028 period. SSD industry dynamics and the end-device forecast changes are aggregated, analyzed, and applied to IDC’s long-term SSD forecast in terms of units, revenue, and petabytes for each consumption category (client, enterprise, and commercial).“Following a significant rebound in 2024, the SSD market is set for continued growth and innovation, driven by rising demand across enterprise datacenters, intelligent edge solutions, AI infrastructure, and client devices,” said Jeff Janukowicz, research vice president, Solid State Drives and Enabling Technologies at IDC. “In this forecast, SSD revenue is expected to grow at a CAGR of 21.5% for 2023–2028.”

Table of Contents

40 Pages

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Client Segment Outlook

SSDs in the PC Market

SSDs in the Consumer Electronics Market

SSD Forecast in the Client Market

Enterprise Segment Outlook

Enterprise SSD Technology Outlook

Enterprise SSD Interface Outlook

SSD Forecast in the Enterprise Segment

Commercial Segment Outlook

SSD Forecast in the Commercial Segment

Market Context

Drivers and Inhibitors

Drivers

Decline of NAND Flash Memory Costs

Price Elasticity of Demand for SSDs in the Client Market

Expanding Use of Flash in Both Servers and Enterprise Storage as Infrastructure Workloads Evolve Like GenAI

Inhibitors

Macroeconomic Uncertainty

Inventory Adjustments

Significant Market Developments

Changes from Prior Forecast

Market Definition

Methodology

Related Research

Pricing

Currency Rates
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