Data Center Solid State Drive (SSD) Market Size, Share 2031

Report Description

Data Center Solid State Drive (SSD) Market Outlook 2031

The Global Data center solid state drive (SSD) market size was valued at USD 36.50 Billion in 2022 and is expected to reach USD 128 Billion by 2031, expanding at a CAGR of 14.96% during the forecast period, 2023-2031. 

SSD is a solid state drive or storage device, which uses integrated circuit assemblies to store data persons persistently typically using flash memory and functioning as secondary storage in the hierarchy of computer storage.

As compare to other electromechanical drive SSDs are resistant to physical shock, run silently, and have quick access time and low latency. Growing adoption of SSD due to the need for high input/output performance and having more advantages over HDDs and increasing penetration of high end cloud computing are key factor driving the Solid State Drive (SSD) Market.

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Data Center Solid State Drive (SSD) Market Dynamics

• Major factor fueling the demand for data center SSD is increasing penetration of advanced cloud platforms. Solid state drives are highly preferred for executing big data. This, in turn, is fueling the SSD market. SSD can sustain in extreme environments such as low air pressure and high humidity atmosphere.

• The price of 1GB SSD is higher than that of HDD. For example, the cost for 1TB HHD is around USD 0.07 per GB, whereas SSD of the same capacity costs around USD 0.30 per GB. This, in turn, impedes the market.

• The unique file system structure data extraction is extremely difficult and lengthy in SSD. SSD's have a short lifespan, as the memory chip has a limited number of write cycles. If the memory cache, controller chip, or one of the NAND type memory chips has been physically damaged the whole data may be completely inaccessible. This restrains the market.

• Governments are spreading awareness and grasping this technology is services representing scalable opportunities in the market.

• Smart SSDs use their own processors, which is highly efficient from the overall price/performance perspective. Integrating data processing in SSD can reduce energy consumption of database server. This reduces the total cost of operating database system. Thus, smart SSDs provide opportunities to processing systems, hardware, and software vendors.

Scope of Data Center Solid State Drive (SSD) Market Report

The report on the global Data Center Solid State Drive (SSD) market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Data Center Solid State Drive (SSD) Market Segment Insights

Interface Segment Analysis

Based on interface, the Data Center Solid State Drive (SSD) Market is classified as SATA, SAS, and PCIe segments. The SATA segment holds a key share of the market due to low-cost interface design. SATA interface offers low cable size and cost, fast data transfer through high signaling rates, and efficient data transfer and queuing protocol to lower cable size and cost.

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Form Factor Segment Analysis

In terms of form factor, the market is divided into 8"/2.5", 5", 2, 2(SFF 8639), FHHL and HHHL. The 8"/2.5" segment is anticipated to expand at a high CAGR during the forecast period, as these offer high performance.

Technology Segment Analysis

On the basis of technology, the Data Center Solid State Drive (SSD) Market is segmented into SLC, MLC planner, MLC 3D, TLC planner, and TLC 3D. The TLC planner segment is estimated to hold a key share of the market during the forecast period due to the rise in the use of technology from SLC to MLC and from MLC to TLC.

The price per GB of solid state drives became cheaper; therefore, TLC offers the cheapest solution among all other technologies and high storage, which in turn, is increasing the adoption of TLC in tablets and notebooks.

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Storage Segment Analysis

Based on storage categories, the market is segregated into under 500 GB, 500 GB to 1 TB, 1 TB to 2TB, and above 2 TB segment. The 500 GB to 1 TB segment is estimated to hold a key share of the market during the forecast period due to increasing demand for storage devices and huge data generation.

End-users Segment Analysis

In terms of end-users, the Data Center Solid State Drive (SSD) Market is fragmented into enterprise, industrial, and automotive segment. The automotive segment is projected to hold a key share of the market during the forecast period due to increasing demand for automotive systems and next generation connected cars.

SSD is used as flash storage solution device that enables reliable and high storage in a wide range of in-vehicle applications such as 3D mapping, advance augmented reality in navigation systems, and data event recorders.

Data Center Solid State Drive (SSD) Market Regional Segment Analysis

Based on regions, the global Data Center Solid State Drive (SSD) market is split into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America held a large share of the market due to the presence of leading players in the region to various industries.

Enterprises and businesses in North America region are increasing and are spending on IT infrastructure to gain a competitive edge and increase their business productivity; thus fueling the demand for using SSDs to save time, speed data transfer, and achieve high performance level in organizations. Additionally, replacement of traditional hard disk drives with SSDs is high in the region.

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