target audience: TECH SUPPLIER Publication date: Dec 2023 - Document type: Market Forecast - Doc Document number: # US50021623
Worldwide Solid State Drive Forecast Update, 2023–2027
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Abstract
This IDC study presents an updated outlook for the solid state drive (SSD) market for the 2023–2027 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).
"The global SSD industry faces near-term challenges due to decreased demand amid a macroeconomic slowdown and inventory adjustments that has led to lower revenue in 2023," said Jeff Janukowicz, research vice president, Solid State Drives and Enabling Technologies, IDC. "Despite short-term difficulties, data growth and long-term trends support wider SSD adoption and a return to industry growth in 2024 and through the forecast."