
Higher SSD demand is also reflected in the enterprise market, as companies make the necessary investments in both cloud and traditional IT to support business operations.
Like the HDD market, demand for SSDs continues to benefit from work- and school-from-home trends that have boosted demand for PCs. Worldwide HDD and SSD market demand growing
The market for video surveillance-class HDDs will remain on track with strong capacity demand driven by growing video surveillance, machine vision, camera resolution, and customer video retention trends. The increased demand for PCs brought on by work-from-home and distance learning needs has resulted in a significantly higher forecast for client HDDs in 2021 and over the course of the forecast.
2021 HDD petabyte demand remains solid and new demand from blockchain storage and cryptocurrencies such as the Chia are creating higher demand in an already tight market. HDD demand from cloud service providers (SPs) and hyperscale datacenter customers is expected to remain strong throughout the forecast period, with petabytes growing at a CAGR of 31% through 2025. HDD petabyte demand from OEM storage customers will be higher for 2021 in large part due to an increase in on-premises datacenter projects, business reopening trends, and a freeing up of budget dollars for on-premises projects that were previously put on hold early in the pandemic. The COVID-19 pandemic impacted the various segments of the HDD market – enterprise storage systems, personal computers (PCs), personal and entry-level storage (PELS) devices, video surveillance systems, and consumer electronics products – in different ways. “And the demand for storage capacity continues to grow at a steady pace as the world creates and stores more and more data.”
“While the client HDD market continues a long-term secular decline due to rising SSD attach rates, the COVID-19 pandemic has over the near term increased the demand for certain types of HDDs, particularly mobile HDDs as well as capacity-optimized HDDs,” said Edward Burns, research director, Hard Disk Drive and Storage Technologies at IDC. Worldwide HDD industry petabyte shipments are expected to see a compound annual growth rate (CAGR) of 18.5% over the 2020–2025 forecast period and average capacity per drive is forecast to increase at a five-year CAGR of 25.5%. While both markets were affected by the COVID-19 pandemic, the outlook looks good as demand for storage remains strong in multiple areas. IDC recently published new forecasts for the worldwide hard disk drive (HDD) and solid state drive (SSD) market.