According to its Worldwide Solid State Drive Forecast Update, 2017-2021 report, the firm predicts SSD unit shipments will grow at a five-year CAGR of 15.1 percent, with revenue growing at a CAGR of 14.8 percent to hit $33.6 billion in 2021.
Apparently this is all down to “greater product availability and improved pricing dynamics” brought on by increasing demand for 3D NAND flash. NAND flash supply constraints will start to go away next year, which will bring “further price erosion” to SSD.
IDC added that the enterprise market will continue showing strong demand during the forecast period while customers seek out flash systems for traditional storage uses and server-attached solutions.
According to IDC, with SSD seeing per-gigabit costs decline, SSD attach rates will grow in servers, all-flash arrays, hybrid flash arrays and hyperscale cloud service provider datacenters.
SSD’s price drop will also lead to more adoption of SSD in PCs and other client devices, according to IDC. It predicts that SSD shipments for the PC and consumer electronics markets will grow at a CAGR of 15.8 percent in the same time period.