The global Solid State Drive market size is expected to be worth around US$ 31.5 billion by 2030, according to a new report by Vision Research Reports.
The global Solid State Drive market size was valued at US$ 9.5 billion in 2020 and is anticipated to grow at a CAGR of 15.7% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | US$ 31.5 billion by 2030 |
| Growth Rate | CAGR of 15.7% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Type, Storage, End-use |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Intel Corporation; Micron Technology, Inc.; Samsung Electronics Co., Ltd.; Seagate Technology PLC; and Western Digital Corporation |
Growth Factors
The market is majorly driven by increasing penetration of high-end cloud computing, growing adoption of SSDs in data centers, and numerous advantages of SSDs over hard disk drives (HDDs).
Rising adoption of SSDs in data centers is a result of various factors such as its greater efficiency compared to traditional HDD storage, increased demand for storage infrastructure, and advancements in enterprise-level SSD in terms of reliability and performance. Enterprises prefer SSDs because they consume less energy, allow for reduction in sprawl, and result in a smaller environmental footprint.
By Storage Analysis
Based on storage type, the market can be segmented into under 120 GB, 120GB–320GB, 320GB–500GB, 500GB–1TB, 1TB–2TB, and above 2TB. SSD storage is gaining popularity due to its unique performance and mechanical characteristics.
The primary components of a solid state drive include a controller and a memory module. Currently, most SSD manufacturers use NAND flash-based memory, owing to benefits such as low cost and non-volatility, as compared to dynamic random-access memory.
By End-use Analysis
Based on end use, the market is segmented into enterprise and client. Based on the size, the enterprise segment is further categorized into small, medium, and large. A large number of enterprise applications require high reliability, constant uptime, high-performance storage devices, power efficiency, and high throughput.
Massive amounts of digital data and content generation and transfer and need for reliable and fast data storage options have elevated the demand for SSDs, for personal (client) as well as professional (enterprise) use. Demand for usage in the client segment is high as users prefer fast and large data storage options.
By Type Analysis
Based on type, the solid state drive market is segmented into external and internal SSD. Solid state drives can be either installed inside computers, laptops, and tablets or can be used as external devices for data storage.
Global storage capacity per household is increasing due to the intense use of social media, soaring data transfer, and high amounts of media content generated.
By Regional Analysis
Based on the region, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa (MEA). The North American region led the market in terms of revenue in 2020. The rate of replacing hard disk drives (HDDs) with solid state drives is higher in North America than in other regions.
South America and MEA markets are also being driven by the increasing use of laptops and smartphones embedded with SSDs. The growing popularity of the advantages of solid state drives over HDDs is expected to boost demand.
Key Players
Intel Corporation; Micron Technology, Inc.; Samsung Electronics Co., Ltd.; Seagate Technology PLC; and Western Digital Corporation.
Market Segmentation
- By Type
- External
- Internal
- By Storage
- Under 120 GB
- 120GB-320GB
- 320GB-500GB
- 500GB-1TB
- 1TB-2TB
- Above 2TB
- By End-Use
- Enterprise
- Small
- Medium
- Large
- Client
- Enterprise
- Regional
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- The U.K.
- Asia Pacific
- China
- Taiwan
- India
- South America
- Brazil
- The Middle East and Africa
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Solid State Drive Market, By Type
7.1. Solid State Drive Market, by Type, 2021-2030
7.1.1. External
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Internal
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Solid State Drive Market, By Storage
8.1. Solid State Drive Market, by Storage, 2021-2030
8.1.1. Under 120 GB
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. 120GB-320GB
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. 320GB-500GB
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. 500GB-1TB
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. 1TB-2TB
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.6. Above 2TB
8.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Solid State Drive Market, By End User
9.1. Solid State Drive Market, by End User, 2021-2030
9.1.1. Enterprise
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Client
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Solid State Drive Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Type (2017-2030)
10.1.2. Market Revenue and Forecast, by Storage (2017-2030)
10.1.3. Market Revenue and Forecast, by End User (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Storage (2017-2030)
10.1.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Storage (2017-2030)
10.1.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.2. Market Revenue and Forecast, by Storage (2017-2030)
10.2.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Storage (2017-2030)
10.2.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Storage (2017-2030)
10.2.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Storage (2017-2030)
10.2.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Storage (2017-2030)
10.2.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.2. Market Revenue and Forecast, by Storage (2017-2030)
10.3.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Storage (2017-2030)
10.3.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Storage (2017-2030)
10.3.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Storage (2017-2030)
10.3.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Storage (2017-2030)
10.3.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.2. Market Revenue and Forecast, by Storage (2017-2030)
10.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Storage (2017-2030)
10.4.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Storage (2017-2030)
10.4.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Storage (2017-2030)
10.4.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Storage (2017-2030)
10.4.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.5.2. Market Revenue and Forecast, by Storage (2017-2030)
10.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Storage (2017-2030)
10.5.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Storage (2017-2030)
10.5.5.3. Market Revenue and Forecast, by End User (2017-2030)
Chapter 11. Company Profiles
11.1. Intel Corporation
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Micron Technology, Inc.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Samsung Electronics Co., Ltd
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Seagate Technology PLC
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Western Digital Corporation
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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