Solid State Drive (SSD) Market to hit US$5.4 Billion by 2011, Says IDC
Solid State Drive (SSD) Market to hit US$5.4 Billion by 2011, Says IDC
Juy 27, 2007: Once relegated to high-end niche applications, SSD’s are poised to go mainstream as technology advances and falling prices drive worldwide SSD adoption.
Global market research company, IDC released their “Worldwide Solid State Drive; Forecast and Analysis” report on Wednesday, earmarking the sector for rapid expansion over the next four years. “For many years SSDs have sat on the fringe of the digital universe, but a tremendous opportunity is ahead" said Jeff Janukowicz, research manager, Solid State Drives.
According to the new research, the PC market is transitioning from one dominated by desktop PCs to notebooks, as the demand for mobile products increases, These dynamics align very well with the benefits of SSDs, where performance and mobility-related requirements are expected to propel revenues to $5.4 billion in 2011, a healthy 71% compound annual growth rate.
The report forecasts that lowered price points, coupled with increased SSD capacities, will make them competitive with traditional Hard Disk Drives in certain markets, especially where capacity requirements are minimal.