YG PRESS NEWS – Low-latency storage will be the driving force behind the enterprise workloads in the solid-state drives market
Although the outlook for 2023 is concerning, the long-term prospects up to 2028 are very promising.
- The total solid-state drives (SSD) market size is expected to reach about US$67 billion in 2028
- Samsung, Kioxia, Western Digital, Micron, SK hynix, and Solidigm… The Integrated Device Manufacturers (IDMs) hold a dominant position in both the SSD and SSD controller markets.
- Further growth of the SSD market is enabled by the introduction of a new version of the Non-Volatile Memory Express (NVMe) protocol, in addition to advancements in PCIe generations.
The NAND flash memory market had a positive dynamic throughout 2021 and the initial months of 2022. Nevertheless, simultaneous macroeconomic trends, such as global inflation, geopolitical tensions, and electronics manufacturer inventory digestion, have resulted in a significant slowdown in demand. As a result, 2022 has been an unfavorable year for SSDs, with an estimated ~14% Year-over-Year decline from US$34 billion to US$29 billion. The outlook for 2023 is concerning as a weak economy and slow inventory digestion will continue to persist, leading to a significant oversupply and subsequently lower pricing. For the long term, the total SSD market size is expected to rise from US$29 billion in 2022 to US$67 billion in 2028, with a CAGR of approximately 15%. However, the situation will be very different between the client market including desktop, notebook, channel distribution and gaming systems, and the enterprise market, including server- and storage-attached drives. Client products are predicted to have weak demand in the coming years, while enterprise-SSD growth will be propelled by the low-latency storage requirements of advanced workloads in the data center space… For more information about this analysis, please contact us!
Titre du visueljune 2021
You have to be registered to download our medias.
Usage restriction: Images may not be used against the interests of Yole Développement (Yole Group) and its entities, Yole Intelligence, or System Plus Consulting (Yole SystemPlus). For more information, please contact the Public Relations team.
Copyright : © Yole Développement, 2023
Licence : Images can be used online and for printing, without modification
MEMCON 2023 – Yole Group will be part of the first memory event focused on end users and systems with Simone Bertolazzi, Senior Technology and Market Analyst, Memory at Yole Intelligence part of Yole Group. He will present the panel Emerging Memories (MRAM, ReRAM, Nano-RAM etc.) Getting Emerging Memories into Production and Scale in a Flash and DRAM Dominated World on Tuesday, March 28. In addition, don’t miss the technology and market overview virtual presentation about DRAM Modules and DIMM Chipset with Diego Alvaro, Memory Technology and Market Analyst at Yole Intelligence and Belinda Dube, Integrated Circuit and Memory Technology Analyst at Yole SystemPlus, also part of Yole Group.