YG PRESS NEWS – Low-latency storage will be the driving force behind the enterprise workloads in the solid-state drives market
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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!
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june 2021You have to be registered to download our medias.
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