Worldwide HDD and SSD market growth shows strong demand for data storage

IDC recently published new forecasts for the worldwide hard disk drive (HDD) and solid state drive (SSD) market. While both markets were affected by the COVID-19 pandemic, the outlook looks good as demand for storage remains strong in multiple areas. 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 … More

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