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.”
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
Research Assistance
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