Thursday, April 6th 2023
SSD Market Predicted to Reach $67 Billion by 2028, Short Term Numbers Less Encouraging
Analyst firm Yole Group has predicted that SSD sales revenues will grow to $67 billion in the year 2028, generated by 472 million unit sales - indicating a very healthy outlook in the long term. However, their predictions for market performance in 2023 appear to be less cheerful for manufacturers of NAND flash memory. The SSD market dynamic was positive in 2021 and the starting months of 2022, but demand has dropped sharply since then due to a number of factors including global inflation, geopolitical tensions, and inventory digestion at electronics manufacturers. Sales revenues in 2022 totaled $29 billion (352 million units), down from $34 billion (400 million units) in 2021 - demonstrating a 14% year-to-year decline.
The continued weakening of global demand in 2023 will have an effect on SSD sales revenues, and the Yole Group has foreseen troublesome outcomes for manufacturers. The average selling price of NAND memory and solid-state drive units has been on the decline in the recent quarters, caused by sluggish demand and a surplus of stock. Despite the grim outlook in the short term, the research body is predicting a compounded annual growth rate (CAGR) of about 15% between 2022 and 2028 for the overall size of the SSD market.The Yole Group is citing possible shifts in userbase trends and technological improvement within the market sector for the healthier long term numbers. The uptake of the fairly new PCIe 5.0 bus standard will increase over the years - the end user will ultimately require an upgrade to meet modernized data transfer performance requirements. The future adoption rate of the PCIe 6.0 standard will only really matter nearer to 2028, but it is predicted to contribute, on a much smaller scale, to the overall growth of SSD sales revenues. It is anticipated that the market for enterprise-type SSD technology will grow, but the one for client SSDs will shrink. The Yole Group is predicting that the datacenter market segment will drive an increase in demand for enterprise storage, where advanced tasks and workloads require the means of low-latency storage.
Source:
Storage Newsletter
The continued weakening of global demand in 2023 will have an effect on SSD sales revenues, and the Yole Group has foreseen troublesome outcomes for manufacturers. The average selling price of NAND memory and solid-state drive units has been on the decline in the recent quarters, caused by sluggish demand and a surplus of stock. Despite the grim outlook in the short term, the research body is predicting a compounded annual growth rate (CAGR) of about 15% between 2022 and 2028 for the overall size of the SSD market.The Yole Group is citing possible shifts in userbase trends and technological improvement within the market sector for the healthier long term numbers. The uptake of the fairly new PCIe 5.0 bus standard will increase over the years - the end user will ultimately require an upgrade to meet modernized data transfer performance requirements. The future adoption rate of the PCIe 6.0 standard will only really matter nearer to 2028, but it is predicted to contribute, on a much smaller scale, to the overall growth of SSD sales revenues. It is anticipated that the market for enterprise-type SSD technology will grow, but the one for client SSDs will shrink. The Yole Group is predicting that the datacenter market segment will drive an increase in demand for enterprise storage, where advanced tasks and workloads require the means of low-latency storage.
8 Comments on SSD Market Predicted to Reach $67 Billion by 2028, Short Term Numbers Less Encouraging
Worse than price, the reliability is tanking badly
Not sure about anyone else but I do not live for ssd errors/ lost data/ rma processes/ dropping off-up shipping fees.,.. life is already to short no need to self inflict injury with shit ssd's.
www.tweaktown.com/reviews/4567/plextor_m3_m3s_256gb_solid_state_drive_review/index.html
But ya reliability >> speed anyday
example...........2TB kingston kc3000 $210 ish CAD and in 4TB $525 ish..............if you have the pcb, ram, controller and 2TB of NAND, the additional 2TB of nand should be an incremental cost..............so maybe like $375 ish would be more inline for 4TB.
as for larger than 4TB
www.newegg.ca/corsair-8tb-mp600-pro-nh/p/N82E16820236921
It seems 1tb NAND is the common size, hence 4tb ssds are not as available and expensive, but still I cannot understand how can it be more expensive than 3 ssds?
with games like in another thread pushing 150GB, going to need a 4TB or 8TB game drive..............I suppose HDD are an option...........
If I need another SSD, I'm going to have to look around because I have no idea what to buy these days. Used to be Samsung, I swore by them. Now? Not so much.