I’m nervous to make predictions around raw storage devices following the failures I’ve made here over the last couple of years. There’s no doubt that these markets have proved highly volatile since the pandemic, when not enough of these components were made to meet demand and then were over produced. It doesn’t take a genius to work out that each of the three main constituent types (DRAM and NAND chips, hard Disk Drives) will start to grow again sometime soon; it’s just a question of ‘when’ and ‘by how much’. In 2024 I expect to see growth in each of these areas (see my Figure above). If these do not grow in the year we’ll need to reconsider their hitherto important role in products and the industry and the importance of storage systems within the entire industry.