Gartner has reduced its NAND flash growth forecast by half for 2008
due to oversupply conditions in a softening market that is not expected
to relent until the third quarter of 2008. Gartner’s previous
projection showed close to 30 percent growth for the NAND market in
2008 but the market research firm now believes that a worse than
expected pricing environment will cut growth levels to less than 15
percent for the year.
The market research firm also noted that the DRAM market had in
effect been in recession since the beginning of 2007 and that the
situation was unlikely to change much in 2008, though a recovery could
materialize in 2009 rather than 2008 as previously projected.
However, Gartner is only projecting a CAGR for memory devices of 0.5 percent through 2012.