Digital Storage and Memory Projections for 2024, Part 1

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Digital Storage And Memory Projections For 2024, Part 1
The slump in HDD shipments, which started in mid-2022 continued through 2023. This was part of a broader slump in all storage and memory technology during 2023 (only in the last quarter of 2024 are there signs that some storage and memory prices are increasing). Part of this slump was due to the continuing decline in legacy HDD shipments (down about 28% from 81 million units by 3Q22 to 58 million units by 3Q23) especially with the end of Covid shutdowns. SSDs are displacing HDDs in most of these applications.

HDD Unit Shipment Trends and Projections
(Image from Coughlin Associates)