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Global Solid State Drive (SSD) Market Size, Share, Development, Growth and Demand Forecast to 2024

  • Publishing: May 2021
  • Report Code: SE10382
  • Available Format: PDF

The modern PC storage is rapidly transforming from traditional HDD technology to Solid State Drives (SSDs). The evolution in ‘Bit growth’ has facilitated the 3-bit MLC NAND technology in the PC storage industry. The solid state drives are gaining considerable attention due to their performance benefits, such as higher random access speeds, multi-tasking ability, and higher reliability and durability, compared to its traditional counterparts.

The faster access time and latency, owing to integrated circuit design instead of fragmentation, and physical movement, is promoting higher penetration of solid state drive in modern PCs. The faster data access time of solid state drive is making it one of the preferred storage systems at enterprise level. The contemporary solid state drives have the random data access time of 0.1ms or less, whereas the traditional HDD takes it about 10 to 12ms.

Based on the application, the global solid state drives market can be segmented as Database (further segmented as, SQL, and No-SQL), Virtualization (further segmented as desktops, and servers), high-performance computing (further segmented as, Up SSD, and Out SSD), Cloud (further segmented as fixed, and varied), and others. Based on the interface technology, the global solid state drives (SSDs) market can be broadly classified as, SATA SSDs, SAS SSDs, and PCI-E SSDs. On the basis of storage capacity, the global solid state drives (SSDs) market can be broadly classified as, 80 GB and below, 81GB to 230GB, 231GB to 500GB, 501GB to 1TB, and above 1TB. Based on the end user, the global solid state drives (SSDs) market can be broadly classified as, enterprise SSD, and client SSD.

Asia-Pacific accounted for the largest market of solid state drives (SSDs) in 2014. The growth of consumer electronics market, along with rapid development in the information and technology (IT) service sectors in the developing countries, including China, India, South Korea, and Taiwan is fueling the growth of the solid state drive (SSD) market in Asia-Pacific. The Client solid state device (SSD) segment has witnessed comparatively higher growth in Asia-Pacific, owing to their escalating demand from consumer mobile devices, such as notebooks, smartphone and tablets. Moreover, Asia-Pacific is expected to be the fastest growing solid state drives (SSDs) market during the forecast period, owing to large consumer base and growing service sector in the developing countries. North America is expected to be the second fastest growing region for solid state devices market during the forecast period, owing to the higher replacement rate of traditional HDDs to SSDs. County wise, the U.S., Japan, China, Canada, India, South Korea, Japan, Germany, the U.K., France, and Brazil are expected to be major markets of solid state drives, during the forecast period.

The global solid state drives market is consolidated. The major solid state drives market players, such as Samsung, Intel, and SanDisk together accounted for more than 50% share of the global solid state drives market in 2014. Samsung accounted for nearly 30% (largest) share of the global SSDs market in 2014. The market dominance of the Samsung is attributed to their superior product offerings, along with their higher penetration in the Asia-Pacific Region.  

Some of the competitors in the solid state drives (SSDs) market are Samsung Electronics Co. Ltd., Toshiba Corporation, Intel Corporation, Micron Technology Inc., SanDisk Corporation Inc., OCZ Storage Solutions, Lite-On Technology Corporation, Western Digital Corporation Inc., and Seagate Technology PLC.

 

Report Coverage

  • Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
  • Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
  • Uncovers potential demands in the market
  • Porter analysis identifies competitive forces within the market
  • Provides information on the historical and current market size and the future potential of the market
  • Provides sizes of key regional markets using yardsticks of segments
  • Highlights the competitive scenario of the market and major competitors
  • Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market.
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