target audience: TECH SUPPLIER Publication date: May 2024 - Document type: Market Forecast - Doc Document number: # US50894523
Worldwide Solid State Drive Forecast, 2024–2028
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Abstract
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).
"Despite 2023's downturn, SSD's future shines bright with demand rebounding from enterprise datacenters, intelligent edge solutions, AI infrastructure, and a wide range of client and consumer devices," said Jeff Janukowicz, research vice president, Solid State Drives and Enabling Technologies, IDC. "In this forecast, SSD revenue is expected to grow at a 21.9% CAGR for 2023–2028."