The global data center solid state drive (SSD) market was valued 27.6 billion in 2020 and is expected to reach USD 84.1 billion by 2028, expanding at a CAGR of 14% during the forecast period, 2021- 2028. SSD is a storage device that uses integrated circuit assemblies to store data persistently typically using flash memory and function as secondary storage in the hierarchy of computer storage. As compare to other electromechanical drives, SSDs are typically more resistant to physical shock, run silently, and have quick access time and lower latency. SSD can sustain in extreme environments such as low air pressure and high humidity atmosphere, and its mechanism free structure has made it trustworthy among consumers.
Smart SSD uses its own processor which is highly efficient from the overall price/performance perspective. Integrating data processing in SSD can reduce the energy consumption of database server. This can ultimately reduce the total cost of operating database system. Thus, smart SSD's eventually provide an opportunity to processing systems as well as hardware and software vendors also explore this opportunity.
The report on data center SSD market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes |
Details |
Report Title |
Data Center Solid State Drive (SSD) Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Interface (SATA, SAS, and PCIe), Technology (SLC, MLC, TLC), Storage (Under 500 GB, 500 GB - 1 TB, 1 TB - 2 TB, and Above 2 TB), End-users (Enterprises, Clients, Industrial, and Automotive) |
Regional Scope |
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
Key Players Covered in the Report |
Samsung, Intel, SanDisk, Micron Technology, Inc., Toshiba, Lite-On, Western Digital, Fusion-io, Kingston Technology, NetApp, OCZ, and IBM. |
Based on storage, the market can be segmented into Under 500 GB, 500 GB – 1 TB, 1 TB - 2 TB, and Above 2 TB. The 500 GB segment is anticipated to account for a significant market share during the forecast period. On the other hand, the 1 TB - 2 TB segment is expected to grow at a steady rate in the coming years.
On the basis of interface, the market can be segregated into SATA, SAS, and PCIe. The SATA segment is expected to hold a major market share during the projection period. The key market developments in SATA interface by major industry players is driving the segment growth. Moreover, the increasing R&D activities is spurring the growth of the market segment.
In terms of end-users, the market can be fragmented into enterprises, clients, industrial, and automotive. The enterprises segment is anticipated to constitute a major market share during the forecast period. Major organizations are adopting data center SSDs to improve the output performance.
Based on regions, the market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America accounted for a major market share in 2020, and is anticipated to grow at a robust pace in the projected timeline. The presence of major players and early adoption are major drivers of the regional market growth.
The major players of the market are Samsung, Intel, SanDisk, Micron Technology, Inc., Toshiba, Lite-On, Western Digital, Fusion-io, Kingston Technology, NetApp, OCZ, and IBM.
In May 2018, Western Digital Company launched 3D NAND SATA SSD with 64-layer 3D NAND technology for high capacity and reduced cell to cell interference for enhanced reliability experience.
In August 2017, Samsung launched Portable SSD T5, the latest 64-layer V-NAND technology, which delivers industry-leading transfer speed with encrypted data security features.
The major players of the market are Samsung, Intel, SanDisk, Micron Technology, Inc., Toshiba, Lite-On, Western Digital, Fusion-io, Kingston Technology, NetApp, OCZ, and IBM.
In May 2018, Western Digital Company launched 3D NAND SATA SSD with 64-layer 3D NAND technology for high capacity and reduced cell to cell interference for enhanced reliability experience.
In August 2017, Samsung launched Portable SSD T5, the latest 64-layer V-NAND technology, which delivers industry-leading transfer speed with encrypted data security features.
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