Analyst firm IDC has prepared a new forecast for the hard drives and solid state drives markets. While both markets have been hit by the COVID-19 pandemic, the outlook looks good, analysts say, as storage demand remains strong in many areas.
Global hard drive shipments are expected to grow at an average annual growth rate of 18.5% between 2020 and 2025, and an average disk capacity will increase by 25.5% per year.
In terms of key trends, forecast experts highlight an increase in demand for hard drives from storage OEMs in 2021 due to an increase in the number of local data center projects, business resumptions and freeing up of budget funds in local projects, which were suspended at an early stage. pandemics.
Analysts expect demand for hard drives from cloud service providers and large data centers to remain strong throughout the forecast period, with a CAGR of 31% by 2025.
An additional growth factor is the demand from blockchain storage and miners of cryptocurrencies such as Chia.
Increased demand for PCs, driven by the massive shift to remote work and learning, has dramatically improved customer hard drive sales forecasts.
The segment of hard drives for video surveillance systems remains steadily growing.
IDC expects global solid-state drive shipments to grow 7.8% annually from 2020 to 2025, jokingly, and 9.2% in monetary terms. In 2025, SSD manufacturers’ revenue will reach $ 51.5 billion. The growth of the information volume of drives shipped during the year will average 33.0% per year.
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