The Rising Demand of SSDsJuly 18, 2016
According to findings by TrendFocus, a leading storage market tracking company, all types of Solid State Drive, or SSD, sales shot up sequentially in the first quarter of 2016, indicating a significant industry shift from the traditional hard drive to a more advanced SSD. The reports reveal that SSD shipments in Q1 of 2016 went up by 32.7% as compared to the figures registered in the same period a year ago.
A separate report on the global market of SSDs, published by Transparency Market Research, illustrates a CAGR of 40.70% during the period 2015 to 2022. In a statistical representation, the report indicates a drastic rise in sales from US$15.1 bn recorded in 2014, to US$229.5 bn in 2022.
SSDs Continue to Post Impressive Numbers
As per data presented by TrendFocus, the storage industry sold a total of 30.777 million SSDs in Q1 of 2016, an increase of 32% from 23.190 million reported in the same period of 2015. In the enterprise SSD segment, all interfaces of SSDs, the SATA, SAS, and PCIe, enjoyed double digit growth, deriving success from a varied range of storage applications in differing market sectors.
Trend watchers are saying hyperscale and cloud customers were the main drivers for SATA SSDs, accounting for a sequential increase of 10.9% in CQ4 ’15. As for SAS SSDs, the percentage increased to 23.5% over the previous quarter, despite less shipment of units in comparison to SATA volumes.
SSDs Set to Become Top Demand Drivers for the NAND Flash Market
CXOToday.com predicts an optimistic growth trend for the global 3D NAND flash market from 2015 to 2019. The growth surge is mainly attributed to the swelling demand for 3D NAND in non-volatile memory and enterprise servers due to its performance optimizing characteristics, such as large memory storage, low power consumption, less space and high speed.
According to Technavio analysts, the booming demand for smartphones, tablets, personal notebooks and SSDs will spearhead the global sales of 3D NAND flash memory products in the coming years. The 3D NAND market, which is currently growing at a striking CAGR of 91.82%, is projected to hit 8.78 billion units by 2019.
Sharing views on flash memory products, Asif Gani, lead analyst at Technavio, said “SSDs are reliable, faster, and consume less space and power than hard disk drives, which explains the increased demand for 3D NAND flash memory.” Notably, the 3D NAND packs a gum stick-sized SSD with more than 3.5TB storage, and a standard 2.5-inch SSD with 10TB.
The Future for SSDs Look Promising
The world already has close to 5 ZB of data existing today, and it is projected to reach 44 ZB within a decade. In order to keep pace with the swelling data surge, it is obvious that storage has to be faster, cheaper and denser. With NAND providing the required leverage, it is evident that improved SSDs are predicted to be the next big thing in storage industry.