SSD Revenues Skyrocketing

By Greg McNevin

June 26, 2008: IDC is predicting massive growth for the solid state disk (SSD) market over the next four years, with revenues to grow at a phenomenal 70 percent compound annual growth rate (CAGR) through 2012.

The analyst firm says that the worldwide SSD market is for real and generated nearly $400 million in revenues in 2007, with growth expected to boom through 2012. Furthermore, IDC says SSD unit shipments will grow at a slightly faster rate of 76 percent.

Traditional markets, including high-performance enterprise computing and military, industrial, or rugged applications, are expected to continue being a solid base of revenue for the market, however, the real growth engine for SSDs will be new markets that SSDs are finally expanding into, such as the business and consumer sectors.

“The future for SSDs continues to look bright,” said Jeff Janukowicz, research manager for Hard Disk Drive Components and Solid State Disk Drives at IDC.

“Adoption will be measured and deliberate, focusing first on market segments that can tolerate the premium associated with SSDs (e.g., enterprise storage, high-end PCs, and power users). Nevertheless, IDC sees nothing but increasing opportunities for SSDs as technology advances and requirements converge.”

Comment on this story