Global Solid State Drive Market, By Type (External, Internal), Form Factor (1.8”/2.5”, 3.5”, M.2/mSATA, U.2 (SFF 8639), FHHL and HHHL), Interface (Serial ATA (SATA), Serial Attached SCSI (SAS), Peripheral Component Interconnect Express (PCIe)), Storage (Under 500 GB, 500 GB–1 TB, 1 TB – 2 TB, Above 2 TB), Technology (TLC 3D, TLC Planar, MLC 3D, MLC Planar, SLC), End User (Enterprise, Client, Industrial, Automotive) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Solid State Drive Market
Solid state drive market size is valued at USD 119.82 million by 2028 is expected to grow at a compound annual growth rate of 14.76% in the forecast period of 2021 to 2028. Data Bridge Market Research report on solid state drive provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Solid state drive is a type of a nonvolatile storage device which helps to store data on solid state flash memory. In the solid state drive the digital data is stored straightforwardly in silicon NAND flash memory devices. It has no automatic moving which improves stability in opposing physical shock or mechanical failure and enhances performance.
The high adoption of SSD in data centers is expected to influence the growth of solid state drive market over the forecast period of 2021 to 2028. Also the rise in the penetration for high end cloud computing and rapid decline in the cost of SSD which will gain advantage over HDD thus are also anticipated to flourish the growth of the solid state drive market. Furthermore, the rise in the initiative for deployment of 5G technology in developing nations and high demand from consumer electronics products are also likely to positively impact the growth of the market. Moreover, the rise in the penetration of high-end cloud computing and rise in the e-commerce activities across the globe are also expected create a huge demand for solid state drive as well as lifting the growth of the solid state drive market.
However, the high cost of the product and the smaller life span of SSDs are expected to act as the major limitations for the growth of solid state drive in the above mentioned forecasted period, whereas the various design complexity can challenge the solid state drive market growth in the forecast period of 2021 to 2028.
Likewise, the rise in the application scope of the SSD in automotive sector, rise in the use of social media and high demand for sufficient capacity to store content are expected to create various new opportunities that will lead to the growth of the solid state drive market in the above mentioned forecasted period.
This solid state drive market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on solid state drive market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Solid State Drive Market Scope and Market Size
Solid state drive market is segmented on the basis of type, form factor, interface, storage, technology and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on type, the solid state drive market is segmented into external and internal.
- The form factor segment of the solid state drive market is segmented into 1.8”/2.5”, 3.5”, M.2/mSATA, U.2 (SFF 8639) and FHHL and HHHL.
- On the basis of interface, the solid state drive market is segmented into serial ATA (SATA), serial attached SCSI (SAS) and peripheral component interconnect express (PCIe).
- Based on storage, the solid state drive market is segmented into under 500 GB, 500 GB–1 TB, 1 TB – 2 TB and above 2 TB.
- On the basis of technology, the solid state drive market is segmented into TLC 3D, TLC planar, MLC 3D, MLC planar and SLC.
- Based on end user, the solid state drive market is segmented into enterprise, client, industrial and automotive. Enterprise has further been segmented into server attached and storage attached. Client has further been segmented into desktop PC, notebook, tablet and others.
Solid State Drive Market Country Level Analysis
Solid state drive market is analyzed and market size, volume information is provided by country, type, form factor, interface, storage, technology and end user as referenced above.
The countries covered in the solid state drive market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the solid state drive market due to the high rate of exchange of hard disk drives (HDDs) with SSDs as well as the rapid digitalization. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the increase in the e-commerce activities and high demand from telecommunication sector in emerging economies.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Solid State Drive Market Share Analysis
Solid state drive market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to solid state drive market.
The major players covered in the solid state drive market report are SAMSUNG, Intel Corporation, Western Digital Corporation, Micron Technology, Inc., KIOXIA Corporation, Seagate Technology LLC, LITE-ON Technology Corporation, SK HYNIX INC., Kingston Technology Europe Co LLP, Best IT World (India) Pvt. Ltd., Viking Technology, Foremay, Inc., Broadcom, Nimbus Data, Transcend Information, Inc., CORSAIR, Toshiba Electronics Europe GmbH, G.SKILL International Enterprise Co., Ltd., Lexar and ADATA among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Solid State Drive Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.