Global Solid State Drives (SSD) Market
Global Solid State Drive (SSD) Market size was valued at USD 28.65 Billion in 2020 and it is projected to reach USD 86.17 Billion by 2030, growing at a CAGR of 15.2% from 2021 to 2030.
A solid state drive (SSD) is defined as a type of nonvolatile storage media which stores persistent data on solid-state flash memory. SSD is faster, quieter, and generally preferable when available, as compared to the hard disk drives. With the help of larger capacity, faster speed, and friendlier price, SSD is expected to comprehensively replace HDD in the near future.
Market Drivers
The data storage demand is on a massive rise from the past few years, which is expected to drive the growth of global solid state drives (SSD) market over the forecast period. In order to fulfill this enormous demand for data storage, SSDs (solid-state drives) and HDD (hard disk drives) have emerged as the two leading storage solutions, each having their benefits.?Also, the increase in variety of cloud platforms, from classic corporate private & new public clouds to personal clouds in homes, the need for SSD has been constantly increasing. Serial ATA (SATA), PCI Express (PCIe), and Serial Attached SCSI are the most common SSD interfaces (SAS).
Furthermore, the increase in penetration of internet, digitalization of day-to-day activities, growing online commerce industry and the increase in volume of media data transfer are expected to propel the global solid state drives (SSD) market throughout the forecast period. The average household storage capacity is expected to increase due to the popularity of smartphones & tablets, which has allowed consumers to generate large volumes of digital data & content. Moreover, the increase in resolution of images & movies has also led to the creation of large volumes of digital data & content.
Market Restraints
High cost & smaller life span of SSDs is a major restraining factor which expected to hamper the global solid state drive (SSD) market growth over the forecast period. The cost of 1 GB of an SSD higher than that of an HDD.
Impact of COVID-19 on Market
The COVID-19 outbreak has a significant effect on the market. The raw materials supply is affected; hence the value chain is disrupted, causing an inflationary risk on products.
Market Segmentation
Global Solid State Drives (SSD) Market is segmented into technology such as TLC Planar, TLC 3D, SLC, MLC 3D, and MLC Planar, by capacity such as 80 GB and Below, 81 GB to 230 GB, 231 GB to 500 GB, 501 GB to 1 TB, by interface such as SAS, PCIe, SATA. Further, market is segmented into Client SSDs, and Enterprise SSDs.
Regional Analysis
The Global Solid State Drives (SSD) Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, Middle East & Africa.
The North America led the market in terms of revenue. The rate of replacing HDDs (hard disk drives) with solid state drives is higher in North America than in other regions. In addition, manufacturers of SSDs in the region are focusing on product differentiation & innovation to increase their geographical reach & revenue. This will further help accelerate demand for SSD devices in this region.
Key Players
Various key players are listed in this report such as Intel, Micron, Toshiba, Microsemi, Seagate, Kingston, SK Hynix, Western Digital, Samsung, Bitmicro Networks, etc.
Key Development
In February 2021 - Seagate launched its new FireCuda 120 SATA SSDs which has a capacity from 500GB to 4TB. It is mainly designed for gamers, and it provides durability, speed, and generous capacity.
In April 2021- Samsung launched its new enterprise SSD with upgraded performance. They released a high-performing enterprise solid-state drive which supports the latest Serial attached SCSI interface. The PM1653 is the industry’s first 24G SAS SSD made with sixth-generation V-NAND memory chips, according to company, with its storage capacity ranging from 800 gigabytes to 30.72 terabytes for enterprise server systems.
Market Taxonomy
By Technology
By Capacity
By Interface
By End User
By Region
Key Questions Addressed by the Report
Global Solid State Drives (SSD)Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Solid State Drives (SSD)Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Solid State Drives (SSD)Market, By Technology
5.1 Y-o-Y Growth Comparison, By Technology
5.2 Global Solid State Drives (SSD)Market Share Analysis, By Technology
5.3 Global Solid State Drives (SSD)Market Size and Forecast, By Technology
5.3.1 TLC Planar
5.3.2 TLC 3D
5.3.3. SLC
5.3.4. MLC 3D
5.3.5. MLC Planar
6 Global Solid State Drives (SSD)Market, By Capacity
6.1 Y-o-Y Growth Comparison, By Capacity
6.2 Global Solid State Drives (SSD)Market Share Analysis, By Capacity
6.3 Global Solid State Drives (SSD)Market Size and Forecast, By Capacity
6.3.1 80 GB and Below
6.3.2. 81 GB to 230 GB
6.3.3. 231 GB to 500 GB
6.3.4. 501 GB to 1 TB
7 Global Solid State Drives (SSD)Market, By Interface
7.1 Y-o-Y Growth Comparison, By Interface
7.2 Global Solid State Drives (SSD)Market Share Analysis, By Interface
7.3 Global Solid State Drives (SSD)Market Size and Forecast, By Interface
7.3.1 SAS
7.3.2 PCIe
7.3.3. SATA
8 Global Solid State Drives (SSD)Market, By End User
8.1 Y-o-Y Growth Comparison, By End User
8.2 Global Solid State Drives (SSD)Market Share Analysis, By End User
8.3 Global Solid State Drives (SSD)Market Size and Forecast, By End User
8.3.1. Client SSDs
8.3.2 Enterprise SSDs
9 Global Solid State Drives (SSD)Market, By Region
9.1 Global Solid State Drives (SSD)Market Share Analysis, By Region
9.2 Global Solid State Drives (SSD)Market Share Analysis, By Region
9.3 Global Solid State Drives (SSD)Market Size and Forecast, By Region
10 North America Solid State Drives (SSD)Analysis and Forecast (2021 – 2030)
10.1 Introduction
10.2 North America Solid State Drives (SSD)Product Market Share Analysis, By Technology
10.3 North America Solid State Drives (SSD)Product Market Size and Forecast, By Capacity
10.4 North America Solid State Drives (SSD)Product Market Size and Forecast, By Interface
10.5 North America Solid State Drives (SSD)Product Market Size and Forecast, By End User
10.6 North America Solid State Drives (SSD)Product Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Solid State Drives (SSD)Market Analysis and Forecast (2021 – 2030)
11.1 Introduction
11.2 Europe Solid State Drives (SSD)Product Market Share Analysis, By Technology
11.3 Europe Solid State Drives (SSD)Product Market Size and Forecast, By Capacity
11.4 Europe Solid State Drives (SSD)Product Market Size and Forecast, By Interface
11.5 Europe Solid State Drives (SSD)Product Market Size and Forecast, By End User
11.6 Europe Solid State Drives (SSD)Product Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.64. Rest of Europe
12 Asia Pacific Solid State Drives (SSD)Market Analysis and Forecast (2021 – 2030)
12.1 Introduction
12.2 Asia Pacific Solid State Drives (SSD)Product Market Share Analysis, By Technology
12.3 Asia Pacific Solid State Drives (SSD)Product Market Size and Forecast, By Capacity
12.4 Asia Pacific Solid State Drives (SSD)Product Market Size and Forecast, By Interface
12.5 Asia Pacific Solid State Drives (SSD)Product Market Size and Forecast, By End User
12.6 Asia Pacific Solid State Drives (SSD)Product Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13 Latin America Solid State Drives (SSD)Market Analysis and Forecast (2021 – 2030)
13.1 Introduction
13.2 Latin America Solid State Drives (SSD)Product Market Share Analysis, By Technology
13.3 Latin America Solid State Drives (SSD)Product Market Size and Forecast, By Capacity
13.4 Latin America Solid State Drives (SSD)Product Market Size and Forecast, By Interface
13.5 Latin America Solid State Drives (SSD)Product Market Size and Forecast, By End User
13.6 Latin America Solid State Drives (SSD)Product Market Size and Forecast, By Country
13.6.1. Brazil
13.6.2. Rest of Latin America
14 Middle East Solid State Drives (SSD)Market Analysis and Forecast (2021 – 2030)
14.1 Introduction
14.2 Middle East Solid State Drives (SSD)Product Market Share Analysis, By Technology
14.3 Middle East Solid State Drives (SSD)Product Market Size and Forecast, By Capacity
14.4 Middle East Solid State Drives (SSD)Product Market Size and Forecast, By Interface
14.5 Middle East Solid State Drives (SSD)Product Market Size and Forecast, By End User
14.6 Middle East Solid State Drives (SSD)Product Market Size and Forecast, By Country
14.6.1. Saudi Arabia
14.6.2. UAE
14.6.3. Egypt
14.6.4 Kuwait
14.6.5. South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Intel
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Micron
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Toshiba
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Microsemi
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Seagate
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Kingston
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 SK Hynix
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Western Digital
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Samsung
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Bitmicro Networks
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
