TECH SUPPLIER May 2020 - Market Forecast - Doc # US45172620

Worldwide Solid State Drive Forecast, 2020–2024

By: Jeff JanukowiczResearch Vice President, Solid State Drives and Enabling Technologies

Abstract

This IDC study presents an updated outlook at the solid state drive (SSD) market for the 2020–2024 period.

"While visibility continues to be limited due to the impact of COVID-19, near-term demand remains strong, and secular trends driving increased SSD adoption will continue to grow the market," said Jeff Janukowicz, research vice president, Solid State Drives and Enabling Technologies at IDC. "IDC expects worldwide SSD industry revenue to grow at a 2019–2024 CAGR of 18%, thanks to increasing demand from client devices, enterprise storage customers, and cloud service providers."


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