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The demand in the enterprise market has slowed in Q1, with the global NAND market size decreasing by 25% quarter-on-quarter.
Jin10 data reported on May 21, after several consecutive quarters of high growth, the procurement demand for enterprise SSDs decreased quarter-on-quarter due to the delay of some data center projects. The slowdown of enterprise SSDs, as a key growth engine, has broken the pattern of "server demand hedging against weak consumption" and led to a very weak overall demand for NAND Flash in Q1, with the market clearly in oversupply. In the first quarter, the global NAND Flash market size reached $13.01 billion, a quarter-on-quarter decrease of 25.3% and a year-on-year decrease of 14.2%.