Worldwide Solid State Drive Forecast, 2024-2028

Description

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)."Despite 2023's downturn, SSD's future shines bright with demand rebounding from enterprise datacenters, intelligent edge solutions, AI infrastructure, and a wide range of client and consumer devices," said Jeff Janukowicz, research vice president, Solid State Drives and Enabling Technologies, IDC. "In this forecast, SSD revenue is expected to grow at a 21.9% CAGR for 2023-2028."

Product Code: US50894523

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