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SSD Market to Hit $67 Billion in 2028, 130% Progress From Right this moment

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Common promoting costs of NAND reminiscence and solid-state drives have been dropping within the current quarters attributable to sluggish demand and oversupply. However as extra functions undertake SSDs, their unit and greenback gross sales are poised to develop. 5 years from now, in 2028, SSD revenues will improve to $67 billion, in line with estimates from Yole Group (through StorageNewsletter).

In the long term, the general market dimension 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 compounded annual development price of about 15% between 2022 and 2028, Yole claims.  

(Picture credit score: StorageNewsletter)

Out of 352 million SSDs offered in 2022 (together with people who belong to our finest SSDs checklist), about 55 million items had been enterprise drives and the remainder had been consumer SSDs. The enterprise SSD shipments in 2022 had been dominated by PCIe SSDs, which accounted for about 55% or 30 million items. It’s anticipated that this determine will improve to roughly 71% or 79 million items by 2028. The share of PCIe consumer SSDs is anticipated to rise from round 85% in 2021 to round 96% in 2028, representing 252 million items and 347 million items, respectively. 

Enterprise drives can even undertake new PCIe interfaces sooner than their consumer brethren. Yole believes that whereas 69% of enterprise-grade SSDs will use a PCIe 5.0 bus in 2028, solely 12% of consumer drives will use this interface that yr. As for PCIe 6.0 SSDs, they’re anticipated to command 16% of the datacenter drives market in 2028, however their share on the consumer SSD market can be negligible 3%.

(Picture credit score: StorageNewsletter)

SSD gross sales dropped by 14% year-over-year to $29 billion in 2022 from $34 billion in 2021; by way of items, this equaled to round 352 million items, down from over 400 million items in 2021. However this sharp decline was a one-time occasion, Yole Group believes. In the meantime, the corporate doesn’t precisely attempt to offer a kind of exact greenback or unit gross sales outlook for 2023 as a result of continued sluggish depletion of stock and a weak economic system, leading to substantial oversupply.

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