Worldwide Solid State Drive Forecast Update, 2020-2024
This IDC study presents an updated outlook at the solid state drive (SSD) market for the 2020-2024 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)."Worldwide SSD demand has benefited from work- and school-from-home trends that has boosted demand for PCs and from ongoing enterprise demand as companies have looked to modernize digital infrastructure and expand cloud-centric architectures," said Jeff Janukowicz, research vice president, Solid State Drives and Enabling Technologies at IDC. "As a result, IDC expects worldwide SSD industry revenue to grow at a 2019-2024 CAGR of 17.1%, thanks to increasing demand from client devices, enterprise storage customers, and cloud service providers."