target audience: TECH SUPPLIER Publication date: Apr 2024 - Document type: Market Forecast - Doc Document number: # US52017524
Worldwide NAND Flash Demand and Supply Forecast, 4Q23–4Q24 and 2024–2028: Upcycle Starts
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Abstract
This IDC study presents an outlook on the NAND market for 2024–2028. The NAND industry dynamics and the application forecast changes are aggregated, analyzed, and applied to this long-term NAND forecast in terms of units, revenue, and content per system for each application segment.
"Memory maker-driven market upcycle started in 2H23. Demand itself is still weak, but inventory and production are still low. Recovery of global economy will lead the market growth. This upcycle will continue in few years and meet the next downcycle by the end of the forecast period." — Soo Kyoum Kim, associate vice president, IDC's Semiconductors research program