Shipments of hard and solid state disk (HDD/SSD) drives worldwide from 2015 to 2021 (in millions)
As you might expect, the rise in SSD sales is often seen as a direct correlation with the decrease in their price/gigabyte. In other words, as SSD prices drop, their sales rise.
This, in turn, pumps more money into R&D, producing higher performance and greater economies of scale. The resulting virtuous cycle spins and spins until one day your customer’s grandchildren are looking at a conventional hard drive under glass in the Smithsonian.
How low can you go?
Today the average price/gigabyte on an SSD hovers around $0.25 per GB. That’s down dramatically from 2014, when the average SSD price was $0.84/GB.
As you can see in the chart below, Gartner Research predicts the SSD price (shown as blue bars) falling even further, dropping to just $0.10/GB on an SSD by 2021:
As the Gartner chart shows, the price/performance of HDDs (shown as green bars) is also falling, albeit at a slower rate.
Still, many industry analysts agree that price alone will not be enough to save these aging storage devices. That’s because SSDs will offer a package of greater value — including reliability, manageability and speed — that far outweighs the HDDs’ lower price/GB.
It looks like that time might be here soon. Are you ready?