Key Takeaways
- In 2023, the global SSD market revenue reached $41.5 billion, marking a 3.5% year-over-year growth despite a PC market slowdown
- The SSD market is projected to grow at a CAGR of 15.2% from 2024 to 2030, reaching $128.8 billion by 2030, driven by AI and data center demand
- Enterprise SSD revenue hit $15.2 billion in Q4 2023, up 20% QoQ, fueled by hyperscaler purchases
- TLC NAND dominated 90% of SSD capacity shipments in 2023
- PCIe 4.0 SSDs held 55% market share in client segment in 2023, up from 35% in 2022
- QLC NAND capacity shipments surged 150% YoY in 2023 to 25% of total
- Samsung held 35.2% client SSD market share by revenue in Q4 2023
- SK Hynix captured 22.1% enterprise SSD revenue share in Q4 2023, up from 15% prior
- Western Digital led NAND revenue at 16.5% overall in 2023
- Average 1TB SATA SSD price dropped to $55 in Q4 2023, down 20% YoY
- Enterprise 15TB QLC SSD ASP rose to $0.025/GB in 2023 from $0.02/GB
- PCIe 4.0 2TB NVMe SSD street price averaged $120 in late 2023
- 96% of new PCs shipped with SSDs in 2023, up from 85% in 2020
- Enterprise data centers adopted 60% all-flash arrays by 2023
- SSDs replaced 70% of HDDs in client PCs by end-2023
Despite a PC market slowdown, the SSD industry grew in 2023 and is poised for strong future expansion driven by AI and data centers.
Consumer and Enterprise Adoption
Consumer and Enterprise Adoption Interpretation
Manufacturer Market Shares
Manufacturer Market Shares Interpretation
Market Size and Growth
Market Size and Growth Interpretation
Pricing Trends
Pricing Trends Interpretation
Technology Advancements
Technology Advancements Interpretation
Sources & References
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