Solid State Drive (SSD) Market Industry , Status, Business Opportunities, Trends and Competitive Landscape

gita rode
Published on Sep 08, 2023

Solid State Drive (SSD) Market Overview

Solid-State Drive (SSD) Market Size was valued at USD 27.9 billion in 2021. The solid-state drive (SSD) market industry is projected to grow from USD 32.1 Billion in 2022 to USD 86.5 billion by 2030, showing a 15.2% compound annual growth rate (CAGR) for the anticipated timeframe (2022 - 2030).

With the rising uses of connected & wearable devices, the market value is projected to accelerate during the next few years. According to Market Research Future (MRFR), the global solid state drive market valuation is estimated to grow at a significant CAGR throughout the review period (2022-2030). Technological advances in storage technologies accelerate the growth of the market.  

Many organizations now prefer to use flash-based storage systems as secondary storage due to their storage stability and the enhanced backup and data recovery performance. Moreover, rising usages of the internet and smart connected devices foster the solid state drive industry, generating data. The increasing demand for solid state drive positively impacts the market growth.

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Solid State Drive Market- Segments

The report is segmented into interfaces, form factors, storage, technologies, end-users, and regions. The interface segment is sub-segmented into SATA, SAS, PCIe, and others. The form factor segment is sub-segmented into 8”/2.5”, 5”, 2”, 2 (SFF 8639), FHHL, and HHHL. 

The technology segment is sub-segmented into SLC, MLC planar, MLC 3D, TLC planar, TLC 3D, and others. The storage segment is sub-segmented into under 500 GB, 500 GB–1 TB, 1 TB – 2 TB, above 2 TB. The end-user segment is sub-segmented into enterprises, client, industrial, automotive, and others. 

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Regional Analysis:

The essential world Solid State Drive market is projected to grow at an essential rate during the assessed period from 2018 to 2023. The North American locale is projected to lead the SSD market because of rising interest for present-day and proficient figuring frameworks, essential reception of distributed computing, and heightening enormous information examination. Asia-Pacific is the major and greatest market attributable to the more popularity from nations like China, Taiwan, India, and Japan. The essential market in this area is shown by the expanding utilization of distributed computing in associations and the improvement of server farms.

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1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain Of Global Solid-State Drive Market

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