Solid-state drives (SSDs) are only becoming more popular, according to market research firm Technavio. The enterprise market is driving the increasing demand, while laptop users are increasingly opting for SSDs over hard drives. Despite Samsung scaling back the production of memory chips, Technavio predicts that companies will continue to find customers for SSDs between 2022 and 2027, with the market growing at an average of 23.87% per year, equating to an increase in turnover of 74.5 billion dollars (68.3 billion euros).
Demand from the enterprise sector is expected to double between 2022 and 2027, due to the increasing reliance on online data. Banks, hospitals, and production companies require rapid access to data, which is provided more quickly with SSDs than hard drives, resulting in improved productivity.
The SSD market does face challenges, as hard drives can withstand more write and read cycles. However, TLC SSDs, the cheapest and most popular form of solid-state technology, are expected to experience strong growth. The high degree of error correction, which is important for financial services and healthcare, is an attractive aspect of TLC SSDs.
High-end users have been using SSDs in gaming desktops and laptops for some time, and now thin-and-light laptop users are also benefiting. Many manufacturers are now soldering SSD storage directly to the motherboard. Technavio also predicts strong growth in this area.
