SSD Market Experiencing Strong Growth

By Greg McNevin

June 9, 2008: IDC has reported strong growth in the worldwide solid state disk (SSD) market, claiming that market momentum has driven factory revenues to 10.8 percent year-on-year growth in Q1, 2008.

This growth marks a total of US$$4.9 (AU$5.11) billion, and according to the IDC Worldwide Disk Storage Systems Quarterly Tracker, the quarter saw the total disk storage systems market grow to US$6.7 (AU$6.98) billion in revenues – a jump of 8.4 percent from Q1.

The total disk storage systems capacity shipped has now reached 1,642 petabytes, a growth of 51.8 percent year-on-year.

“After a very healthy 2007, the disk storage systems market is carrying that momentum into 2008, with most product segments seeing solid growth in the first quarter,” said Brad Nisbet, research manager, IDC.

“It's clear that while organisations may be feeling squeezed in their overall IT budgets, the investments being made to store growing volumes of critical business data adequately are increasing.”

Nesbit says that IDC foresees a long road of positive drivers fueling the opportunities for disk storage systems, specifically in the form of increased retention requirements and long-term data protection goals.

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