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Market Research Report

Worldwide Solid State Drive Forecast Update, 2020-2024

Published by IDC Product code 977465
Published Content info 37 Pages
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Worldwide Solid State Drive Forecast Update, 2020-2024
Published: December 16, 2020 Content info: 37 Pages
Description

This IDC study presents an updated outlook at the solid state drive (SSD) market for the 2020-2024 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 keeping businesses afloat by enabling remote work, agile business, and external digital engagement of SSDs (client, enterprise, and commercial)."Worldwide SSD demand has benefited from work- and school-from-home trends that has boosted demand for PCs and from ongoing enterprise demand as companies have looked to modernize digital infrastructure and expand cloud-centric architectures," said Jeff Janukowicz, research vice president, Solid State Drives and Enabling Technologies at IDC. "As a result, IDC expects worldwide SSD industry revenue to grow at a 2019-2024 CAGR of 17.1%, thanks to increasing demand from client devices, enterprise storage customers, and cloud service providers."

Table of Contents
Product Code: US45909420

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 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 of SSDs in the Client Market
      • Expanding Use of Flash in Both Servers and Enterprise Storage
    • Inhibitors
      • COVID-19 and Macroeconomic Impact
      • Cost of Competing Technologies
  • Significant Market Developments
  • Changes from Prior Forecast

Market Definition

Methodology

Related Research

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