SSD Revenue Doubles in 2011 over 2010

eWeek: Market research firm IDC is reporting that the market for solid state drives (SSDs) topped $5 billion in 2011–a 105 percent increase from the previous record of $2.4 billion in 2010. The analysts attribute the sales growth to a number of factors: a flood in Thailand which led to a shortage of spinning drives, the popularity of smartphones and tablets, growing use of SSDs in enterprise storage solutions, quality improvements and a reduction in SSD prices.

The firm expects the solid state storage market to grow another 51.5 percent in 2012, thanks to the proliferation of ultrabooks and a continuation of 2011’s trends.