SSD revenues set for massive rise
Global chip shortage doesn’t appear to affect SSD sakes
When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
New industry predictions have claimed that the Solid State Drive (SSD) market will generate a staggering $51.5 billion in revenue by 2025.
As per IDC’s new forecast, SSD unit shipments are predicted to increase at a compound annual growth rate (CAGR) of 7.8% between 2021 and 2025,
IDCs positive growth figures are based on an increase in demand from all segments including end users, enterprise users andcloud computingservice providers.
“The pandemic has accelerated the need for transformation, and worldwide demand for SSDs has increased because of this trend as both consumers and businesses have looked to take advantage of the technologies' benefits,” said Jeff Janukowicz, research vice president, Solid State Drives and Enabling Technologies at IDC.
Growth factors
In their breakdown of IDCs’ report,ZDNetlists some of the key factors that have led to such positive estimates.
For starters, IDC notes that client SSDs are in higher demand as a result of the move towards permanentwork from homeandremoteschooling all across the world. Surprisingly, this hasn’t had a negative impact on the use of SSDs in enterprises where demand continues to hold strong.
IDC also notes that technological advancements in coming years in key areas such as NAND flash will help improve the price-performance ratio of SSD further increasing demand.
Are you a pro? Subscribe to our newsletter
Sign up to the TechRadar Pro newsletter to get all the top news, opinion, features and guidance your business needs to succeed!
Surprisingly, while the research does note that the current pricing of SSDs remains volatile and elevated, it pins this on increased demand, while completely ignoring the ongoingglobal chip shortage, which industry leaders believe couldlast several years.
Another aspect that’s apparently hasn’t been looked into is the rising popularity of the Chiacryptocurrency, whichdemands more storagefor its mining, rather than processing prowess, and has already starteddriving SSD prices to the north.
With almost two decades of writing and reporting on Linux, Mayank Sharma would like everyone to think he’sTechRadar Pro’sexpert on the topic. Of course, he’s just as interested in other computing topics, particularly cybersecurity, cloud, containers, and coding.
Key Strategies for financial institutions to combat fraud
This dangerous new malware is hitting Windows devices by hiding in games
Steps to take when your phone number is publicly listed online
