Solid State Drive Market

Solid State Drive Market by Solid State Drive Interface (SATA, SAS, and PCIE), Applications (Enterprise and Client), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-2092
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 171
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The global solid state drive market size is expected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing popularity of high-performance cloud computing, popularity of solid state drives in data centers, and advantages of solid state drives over hard drives.

Solid State Drive Market key takeaways

A solid-state drive is a non-volatile storage device that stores data in solid-state flash memory. SSD has a solid-state storage array, which is organized like a floppy disk drive, using integrated circuits instead of magnetic or optical media. It has a long service life, easy to transport, more efficient, easy to install, reads and writes data rapidly, more reliable, uses less electricity, and provides video-on-demand services. When it comes to persistent storage, solid state drives are like hard drives. Data is stored in interconnected microchip systems, not on rotating disks.

Cloud computing is quickly becoming one of the most popular methods for companies and individuals to protect and store data. With the increasing variety of cloud platforms, from classic private and public enterprise clouds to home clouds, the demand for solid-state drives continues to increase. Solid-state hard drives with new interfaces such as PCIE are the result of advancements in solid-state storage technology. PCIE solid state drive for cloud computing are becoming popular because they have advanced features for example high speeds and fast data access. The new PCIE SSD provides excellent performance, low latency, and high frequency.

The method of processing data and executing code is the core of relational analysis. Smart SSD is a flash memory device with storage and computing capabilities to process relational analysis queries. The performance of relational analysis for very sparse data is improved by using the computing power of SSDs. This reduces the processing power required by the host PC while increasing the processing power of the server or device.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing preference for cloud computing technology in enterprise for backup of organizational data and rising adoption of solid state drive by data centers is expected to boost the market during the forecast period.
  • Rapid growth of the automotive industry owing to demand for luxury and high-end technology cars such as navigation and entertainment system is major factor fueling the market.
  • Rising initiative by government for deployment of 5G technology and declining cost of SSD is anticipated to drive the market during the forecast period.
  • High cost and short life span of solid state drive is projected to restrict the market growth.
  • Lack of awareness of the industry about the governance of nanotechnologies and lack of adoption by user due to cost and design complexity act as major challenges that can hamper the market growth during the forecast period.
  • R&D investment and technological advancement in smart solid state drive for relational analytics by collaboration of software and hardware vendors is projected to offer significant opportunities for the market players.

Scope of the Report

The report on the global solid state drive market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Solid State Drive Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Solid State Drive Interface (SATA, SAS, and PCIE), and Applications (Enterprise and Client)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Micron Technology Inc.; Western Digital Corp.; Intel Corp.; Kingston Technology Corp.; and Samsung Group

 

Market Segment Insights

The SATA segment is projected to represent a major market share

In terms of solid state drive interface, the solid state drive market is divided into SATA, SAS, and PCIE. The SATA segment is expected to hold a key share of the market during the forecast period. The SATA segment is expected to dominate various SATA interface applications in notebook computers, PCs, and data centers due to its various advantages including high speeds data transfer rate. It runs smoothly, supports multiple devices, has small wires, and low power consumption. SATA mainly includes an inexpensive interface design, which increases the demand for various applications including laptops, personal computers, and data centers.

Solid State Drive Market by interface

The enterprise segment is expected to expand at a rapid pace

Based on applications, the solid state drive market is bifurcated into enterprise and client. The enterprise segment is expected to hold a key share of the market during the forecast period. They are mainly used in mid-range commercial laptops and desktops. The company's SSD permanently stores data or caches data in non-volatile semiconductor memory. It was developed for use in servers, storage systems, and direct-attached storage devices. These SSDs usually use NAND flash memory, which has better performance and lower power consumption. Compared with client SSDs, Enterprise SSDs provide storage protection, better performance, stronger error correction codes, consistent service quality, and long guarantees in DRAM in the event of a power failure. Improvements in NAND flash technology enable enterprise SSD manufacturers to use low-resistance NAND flash options such as multi-level cell, three-level cell, and 3D NAND. Small and medium-sized enterprises often use MLC solid-state drives, which not only have long lifespan and better performance than TLC solid-state drives, but they are also relatively cheaper than SLC SSDs.

Solid State Drive Market by applications

North America is anticipated to dominate the market

On the basis of regions, the solid state drive market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to increasing adoption of advanced technologies. The region has a large number of suppliers that contribute to market growth, especially Intel, Micron Technology, and Western Digital. The region focuses on product innovation and differentiation to increase product penetration, sales, and accelerate product demand.

Segments

Segments Covered in the Report
The global solid state drive market has been segmented on the basis of

Solid State Drive Interface

  • SATA
  • SAS
  • PCIE

Applications

  • Enterprise
  • Client

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Micron Technology Inc.
  • Western Digital Corp.
  • Intel Corp.
  • Kingston Technology Corp.
  • Samsung Group

Competitive Landscape

Key players competing in the solid state drive market include Micron Technology Inc.; Western Digital Corp.; Intel Corp.; Kingston Technology Corp.; and Samsung Group.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Solid State Drive Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solid State Drive Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Solid State Drive Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Solid State Drive Market - Supply Chain
  4.5. Global Solid State Drive Market Forecast
     4.5.1. Solid State Drive Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Solid State Drive Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Solid State Drive Market Absolute $ Opportunity
5. Global Solid State Drive Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Solid State Drive Market Size and Volume Forecast by Applications
     5.3.1. Enterprise
     5.3.2. Client
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Solid State Drive Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Solid State Drive Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Solid State Drive Demand Share Forecast, 2019-2026
7. North America Solid State Drive Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Solid State Drive Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Solid State Drive Market Size and Volume Forecast by Applications
     7.4.1. Enterprise
     7.4.2. Client
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Solid State Drive Demand Share Forecast, 2019-2026
8. Latin America Solid State Drive Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Solid State Drive Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Solid State Drive Market Size and Volume Forecast by Applications
     8.4.1. Enterprise
     8.4.2. Client
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Solid State Drive Demand Share Forecast, 2019-2026
9. Europe Solid State Drive Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Solid State Drive Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Solid State Drive Market Size and Volume Forecast by Applications
     9.4.1. Enterprise
     9.4.2. Client
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Solid State Drive Demand Share Forecast, 2019-2026
10. Asia Pacific Solid State Drive Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Solid State Drive Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Solid State Drive Market Size and Volume Forecast by Applications
     10.4.1. Enterprise
     10.4.2. Client
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Solid State Drive Demand Share Forecast, 2019-2026
11. Middle East & Africa Solid State Drive Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Solid State Drive Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Solid State Drive Market Size and Volume Forecast by Applications
     11.4.1. Enterprise
     11.4.2. Client
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Solid State Drive Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Solid State Drive Market: Market Share Analysis
  12.2. Solid State Drive Distributors and Customers
  12.3. Solid State Drive Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Micron Technology Inc.
     12.4.2. Western Digital Corp.
     12.4.3. Intel Corp.
     12.4.4. Kingston Technology Corp.
     12.4.5. Samsung Group

Segments Covered in the Report
The global solid state drive market has been segmented on the basis of

Solid State Drive Interface

  • SATA
  • SAS
  • PCIE

Applications

  • Enterprise
  • Client

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Micron Technology Inc.
  • Western Digital Corp.
  • Intel Corp.
  • Kingston Technology Corp.
  • Samsung Group

Key players competing in the solid state drive market include Micron Technology Inc.; Western Digital Corp.; Intel Corp.; Kingston Technology Corp.; and Samsung Group.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Solid State Drive Market by key players

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