Worldwide SSD shipments to increase at a CAGR of 51.5% from 2010 to 2015, says IDC
The worldwide solid state storage (SSD) is all set for a record growth, as technological advancements, changing trends in the PC industry, new enterprise server and storage architectures and near-term hard disk drive (HDD) shortages together will power the market during the period 2011-2015, according to International Data Corporation’s (IDC) Worldwide Solid State Storage 2011-2015 Forecast Update.
The worldwide solid state storage industry revenue reached $5bn in 2011, which is an increase of 105% compared to revenues of $2.4bn in 2010, the research firm stated and expects the trend to continue in 2012 and beyond.
IDC research director, Solid State Storage and Hard Disk Drive Components Jeff Janukowicz said 2011 was a record year for the worldwide SSD market, with revenue more than doubling year over year due to strong SSD shipment growth in the enterprise and client segment. "The increasing use of flash in enterprise solutions, explosive growth of mobile client devices, and lower SSD pricing is creating a perfect storm for increased SSD shipments and revenue over our forecast," added Janukowicz.
IDC expects worldwide SSD shipments to increase at a CAGR of 51.5% from 2010 to 2015. According to it, pricing remains a key factor for adoption of SSD in both the client and enterprise markets. Also, it expects client SSD prices to fall below $1 per gigabyte in the second half of 2012, which will boost adoption in the PC market.
The growth in media tablets and Ultrabooks to the upcoming introduction of Windows 8 and increased use of caching solutions such as dual drives would also fuel growth of SSD shipments, IDC feels.
The flood in Thailand is disrupting the PC supply chain as the HDD industry is unable to meet the supplies of the market. Therefore, these shortages would present a significant short term opportunity for SSD vendors as OEM customers look to SSD vendors to fill HDD supply gaps.
The adoption of solid state storage as a complementary solution to HDD storage for enterprise applications is also driving SSD market growth, says IDC in conclusion.