TECH SUPPLIER May 2021 - Market Forecast - Doc # US46412021

Worldwide Solid State Storage Forecast, 2021-2025

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

Abstract

This IDC study presents an outlook for the solid state drive (SSD) market for the 2021–2025 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).

"The pandemic has accelerated the need for transformation, and worldwide demand for SSDs has increased because of this trend as both consumers and businesses have looked to take advantage of the technologies' benefits," said Jeff Janukowicz, research vice president, Solid State Drives and Enabling Technologies at IDC. "As a result, worldwide SSD industry revenue is expected to grow at a 2020–2025 CAGR of 9.2%, thanks to increasing demand from client devices, enterprise storage customers, and cloud service providers."


Coverage

Subscriptions Covered

Storage Mechanisms: Solid State Storage Technologies


Regions Covered

Worldwide


Topics Covered

Serial ATA drive


Content


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