Security News > 2021 > June > Worldwide HDD and SSD market growth shows strong demand for data storage

Worldwide HDD industry petabyte shipments are expected to see a compound annual growth rate of 18.5% over the 2020-2025 forecast period and average capacity per drive is forecast to increase at a five-year CAGR of 25.5%. "While the client HDD market continues a long-term secular decline due to rising SSD attach rates, the COVID-19 pandemic has over the near term increased the demand for certain types of HDDs, particularly mobile HDDs as well as capacity-optimized HDDs," said Edward Burns, research director, Hard Disk Drive and Storage Technologies at IDC. "And the demand for storage capacity continues to grow at a steady pace as the world creates and stores more and more data."

Key trends in the worldwide HDD market HDD petabyte demand from OEM storage customers will be higher for 2021 in large part due to an increase in on-premises datacenter projects, business reopening trends, and a freeing up of budget dollars for on-premises projects that were previously put on hold early in the pandemic.

2021 HDD petabyte demand remains solid and new demand from blockchain storage and cryptocurrencies such as the Chia are creating higher demand in an already tight market.

Like the HDD market, demand for SSDs continues to benefit from work- and school-from-home trends that have boosted demand for PCs. Higher SSD demand is also reflected in the enterprise market, as companies make the necessary investments in both cloud and traditional IT to support business operations.

"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 VP, Solid State Drives and Enabling Technologies at IDC. "IDC believes that most of the long-term trends remain intact, enabling broader SSD adoption over the forecast period, and worldwide SSD units and capacity shipped are higher than the prior forecast thanks to increasing demand from client devices, enterprise storage customers, and cloud service providers."

Some key developments in the worldwide SSD market SSD pricing remains volatile and elevated in the near term as vendors look to match supply with higher demand and as end customers look to lock-in favorable pricing.

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/_FeXQpupj5w/