NVMe SSD drive

SSD Market Will Reach $67 Billion in 2028, 130% Growth From Today

Common promoting costs of NAND reminiscence and solid-state drives have been falling in latest quarters attributable to sluggish demand and oversupply. However unit and greenback gross sales are set to extend as extra purposes undertake SSDs. They predict that 5 years from now, in 2028, SSD revenues will develop to $67 billion. Road Group (by way of StorageBulletin).

Over the long run, the general market measurement for SSDs is anticipated to develop from $29 billion and 352 million items in 2022 to $67 billion and 472 million items in 2028, with a compound annual progress charge of roughly 15% between 2022 and 2028, Yole claims.

(Picture credit score: StorageBulletin)

Of the 352 million SSDs offered in 2022 (together with these included in our greatest SSD checklist), about 55 million items have been enterprise disks and the remainder have been shopper SSDs. Enterprise SSD shipments in 2022 have been dominated by PCIe SSDs, accounting for about 55%, or 30 million items. This determine is projected to extend to roughly 71%, or 79 million items, by 2028. The share of PCIe shopper SSDs is anticipated to extend from roughly 85% in 2021 to roughly 96% in 2028 to 252 million items and 347 million items. , respectively.

Enterprise drives additionally undertake new PCIe interfaces sooner than their shopper siblings. Yole believes that 69% of enterprise-class SSDs will use a PCIe 5.0 bus in 2028, in comparison with solely 12% of shopper drives that yr. As for PCIe 6.0 SSDs, they’re anticipated to dominate 16% of the information middle drives market by 2028, however their share of the shopper SSD market can be insignificant at 3%.

(Picture credit score: StorageBulletin)

SSD gross sales fell 14% year-over-year from $34 billion in 2021 to $29 billion in 2022; When it comes to items, this equates to 352 million items, up from over 400 million in 2021. Nonetheless, Yole Group believes this sharp decline was a one-time occasion. In the meantime, the corporate is not making a full effort to supply a roughly exact greenback or unit gross sales outlook for 2023, as stock continues to expire and the weak economic system is inflicting extreme oversupply.

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