# Data Center Storage Enterprise SSDs, NAND, storage controllers and nearline drives. Theme: Memory and storage (Technology). Page: https://thematiq.io/themes/memory-and-storage/data-center-storage/ ## Key facts - **The market: $87bn** NAND flash industry revenue forecast, helped by high-capacity QLC enterprise SSDs (TrendForce, 2025) - **Growth: +5.6%** NAND flash, all end uses (growth, a year) (Global Market Insights, 2025–2034) - **The build: 1** of the 18 parts in the AI Supercycle bill of materials, each traced to the companies that supply it (ThematIQ research) - **The companies: 7** companies worth $635 billion, earning on average 63% of their revenue here (Annual reports and exchange data, 2026-10-28) ## What it holds Listed companies that earn their revenue supplying these parts of the AI Supercycle bill of materials, each read from its own reports. | Part | Covers | |---|---| | Storage Devices | enterprise SSD, NAND flash, storage controllers, HDD nearline | ## Largest companies | Company | Listing | Market value | |---|---|---| | Western Digital | WDC.XNAS | $148 billion | | NetApp | NTAP.XNAS | $44 billion | | Seagate Technology Holdings | STX.XNAS | $158 billion | | Sandisk | SNDK.XNAS | $206 billion | | Kioxia Holdings | 285A.T | $50 billion | | Shenzhen Longsys Electronics Co. Ltd. A | 301308.SHE | $15 billion | | Phison Electronics | 8299.TWO | $14 billion | By listing country: United States 60%, Japan 15%, China 15%, Taiwan 10%. ## The market - All data center storage, including systems and software as well as devices: $60bn (2024), Global Market Insights - All data center storage, including systems and software as well as devices (growth, a year): +9.4% (2025–2034), Global Market Insights - Data center storage market: $64bn (2024), Precedence-style report via StorageNewsletter - Data center storage market: $72bn (2025), Precedence-style report via StorageNewsletter - Data center storage market: $209bn (2034), Precedence-style report via StorageNewsletter - Data center storage market: $55bn (2024), Straits Research - Data center storage market (growth, a year): +4.4% (2025–2033), Straits Research - Data center storage market: $81bn (2033), Straits Research - Enterprise SSD: $13bn (2024), Data Horizzon Research - Enterprise SSD (growth, a year): +11% (2025–2033), Data Horizzon Research - Enterprise SSD: $35bn (2033), Data Horizzon Research - Enterprise SSD (growth, a year): +3.4% (not stated), Report Prime - NAND flash, all end uses: $65bn (2024), Global Market Insights - NAND flash, all end uses (growth, a year): +5.6% (2025–2034), Global Market Insights - NAND flash industry revenue forecast (growth, a year): +77% (2024), TrendForce - NAND flash industry revenue forecast, helped by high-capacity QLC enterprise SSDs: $87bn (2025), TrendForce - NAND flash industry revenue forecast, helped by high-capacity QLC enterprise SSDs (growth, a year): +29% (2025), TrendForce - Storage controllers, likely RAID, host-bus-adapter and array controllers: $9.1bn (2024), Data Horizzon Research - Storage controllers, likely RAID, host-bus-adapter and array controllers (growth, a year): +6.1% (2025–2033), Data Horizzon Research - Storage controllers, likely RAID, host-bus-adapter and array controllers: $16bn (2033), Data Horizzon Research - Storage controllers: $11bn (2030), Lucintel - Storage controllers (growth, a year): +4.9% (2024–2030), Lucintel - SSD controller chips only; first digits were cut off in the reader's source, so check the page: $1.5bn (2025), Global Market Insights - SSD controller chips only (growth, a year): +13% (2026–2035), Global Market Insights - Nearline HDD: $20bn (2024), Growth Market Reports - Nearline HDD (growth, a year): +8.2% (2025–2033), Growth Market Reports - Nearline HDD: $14bn (2024), Dataintelo - Nearline HDD (growth, a year): +7.4% (2025–2033), Dataintelo The whole-segment 2024 estimates range from USD 54.76 to 63.72 billion, and the growth rates from 4.4% to 9.4%, because the vendors scope the market differently. Part-level estimates also vary widely, and several cover broader or different products (all NAND end uses, SSD controller chips only) than the four device parts. ### What is Data Center Storage? Enterprise SSDs, NAND, storage controllers and nearline drives. ### What does Data Center Storage hold? Listed companies that earn their revenue from the parts it takes to build AI Supercycle: Storage Devices. 7 companies as of 2026-10-28. ### What is not in Data Center Storage? SSD controllers and RAID or NVMe Storage Devices controllers: Storage Devices, not Data Processing Unit (DPU) or Motherboard Interface Backup, replication and recovery software and appliances: Backup and Disaster Recovery Solutions, not data center security software or Storage Devices ## What it is not - SSD controllers and RAID or NVMe Storage Devices controllers: Storage Devices, not Data Processing Unit (DPU) or Motherboard Interface - Backup, replication and recovery software and appliances: Backup and Disaster Recovery Solutions, not data center security software or Storage Devices Data as of 2026-10-28. Source: ThematIQ (industry research, company filings, exchange data), ETFIQ (fund counts), and the publishers linked above. Not investment advice.