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Solid States Drives Market Share

ID: MRFR//0522-HCR | 90 Pages | Author: Ankit Gupta| December 2024

In the wildly serious Solid State Drive (SSD) market, organizations utilize different piece of the pie situating techniques to lay out areas of strength for an and gain an upper hand. One predominant methodology is separation through mechanical advancement. SSD producers endeavor to present state of the art advances, for example, high level NAND streak memory, novel regulator structures, and inventive connection points like NVMe. By remaining at the bleeding edge of innovative headways, organizations can separate their items, offering further developed execution, higher limits, and improved unwavering quality, which can draw in an insightful client base.

Another key procedure includes estimating and cost intensity. Given the verifiable view of SSDs as premium and costly stockpiling arrangements, organizations are progressively zeroing in on cost advancement. The declining costs of NAND streak memory have worked with more cutthroat valuing, making SSDs more open to a more extensive shopper market. Offering a convincing cost to-execution proportion permits producers to catch piece of the pie by speaking to a more extensive crowd, including economical purchasers and organizations.

Market division is an essential methodology where organizations tailor their SSD contributions to explicit client portions or use cases. This includes making SSDs with elements and determinations that take special care of the exceptional necessities of various client gatherings. For example, gaming-centered SSDs might underscore speed and sturdiness, while big business grade SSDs could focus on unwavering quality and server farm similarity. By decisively fragmenting the market, producers can all the more likely location different client necessities and boost their piece of the pie in unambiguous specialties.

Vital organizations and joint efforts assume an urgent part in piece of the pie situating. SSD producers frequently structure unions with central participants in the innovation environment, including chip makers, gadget creators, and framework integrators. These associations empower organizations to use reciprocal qualities, access basic assets, and improve their general market reach. Through joint efforts, SSD makers can guarantee consistent incorporation of their items into various gadgets, encouraging a more extensive and more significant market presence.

In the SSD market, market share strategies must include effective marketing and brand positioning. Building serious areas of strength for a picture, featuring item qualities, and passing an unmistakable incentive on to customers add to showcase acknowledgment and trust. Organizations put resources into advertising efforts that grandstand the upsides of their SSDs, underlining variables like speed, unwavering quality, and imaginative elements. A deep-rooted brand, combined with designated promoting endeavors, can essentially impact client inclinations and add to catching a bigger portion of the market.

Responsive client care and after-deals administration are basic components of portion of the overall industry situating techniques. Consumer loyalty and unwaveringness assume a critical part in the innovation business, and SSD producers that focus on client care can separate themselves. A positive customer experience is made possible by offering warranties and product replacement programs, responding promptly to customer inquiries, and providing support. Fulfilled clients are bound to suggest and repurchase items, upgrading an organization's piece of the pie over the long haul.

Geological extension is one more system utilized by SSD makers to increment piece of the pie. Organizations try to enter new business sectors or fortify their presence in existing ones by laying out associations with local merchants, retailers, and framework integrators. Understanding the special requests and inclinations of various locales permits makers to fit their SSD contributions to different business sectors, cultivating development and portion of the overall industry extension on a worldwide scale.

Finally, persistent innovative work endeavors are vital to keeping up with and developing a piece of the pie in the SSD business. By putting resources into Research and development, organizations can remain in front of arising advancements, expect market patterns, and quickly adjust to changing client needs. Development adds to item separation as well as positions organizations as pioneers in the advancing scene of capacity arrangements, drawing in clients and accomplices the same.

Covered Aspects:

Report Attribute/Metric Details
Base Year For Estimation 2023
Forecast Period 2024-2032
Growth Rate 14.20% (2024-2032)

Solid States Drives Market Highlights:

Solid States Drives Market Trends
Solid States Drives Market Analysis
Solid States Drives Market Share
Solid States Drives Companies

Global Solid-State Drive (SSD) Market Overview:


Solid State Drive Market Size was valued at USD 33.2 Billion in 2023. The Solid State Drive industry is projected to grow from USD 36.4 Billion in 2024 to USD 89.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.20% during the forecast period (2024 - 2032). The increasing adoption of high-end cloud computing interfaces and the expanding requirement for reliable data storage solutions across enterprises for performing file back-up and archiving information are the major market drivers enhancing the market growth.
 

Global Solid-State Drive (SSD) Market Overview


 


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Solid-State Drive (SSD) Market Trends




  • Growing demand for cloud computing to boost the market growth




With the emergence of numerous cloud platforms, from the old corporate private and new public clouds to home-based personal clouds, the need for solid-state drives (SSD) has been rising quickly. Several significant players oversee their cloud infrastructures and respond to the expanding SSD demand from consumers. As an illustration, Google (US) employs permanent solid-state drive (SSD) storage in open beta for users of the compute engine, offering high input/output operations per second (IOPS) and enabling Google Cloud Platform customers to access the solid-state drive (SSD) more quickly on workloads. Thus, the growing use of cloud computing has enhanced the solid-state drive (SSD) market CAGR globally in recent years.


Solid-State Drive (SSD) Market Segment Insights:


Solid-State Drive (SSD) Interface Insights


The Solid-State Drive (SSD) Market segmentation is based on interface, SATA, SAS, and PCIe. The SATA sector dominated the market in 2021. The vast demand for solid-state drives using SATA interfaces can be largely ascribed to the interfaces' low cost.


April 2021: Samsung Electronics has released its new PM9A1 SSD, which features a PCIe 4.0x4 interface. It comes in capacities ranging from 256 GB to 2 TB. This advancement was intended for PC usage, notably for corporations and government agencies dealing with sensitive data and advanced security requirements. This announcement has further broadened the growth opportunity for the solid-state drive (SSD) industry.


Additionally, in 2021, the PCI interface witnessed significant growth in the forecast period with respect to the Solid-State Drive (SSD) Market revenue. The consecutive and ongoing product launches using the PCIe interface by significant key players in the solid-state drive (SSD) market indicate the growth in demand for its usage.


Solid-State Drive (SSD) Technology Insights


The Solid-State Drive (SSD) Market segmentation, based on technology, includes SLC, MLC Planar, MLC 3D, TLC Planar, and TLC 3D. In 2021, the TLC Planar segment acquired a major market share. The cost per GB of solid-state drive (SSD) decreases as the technology switches from SLC to MLC and from MLC to TLC. However, the MLC Planar sector also experienced considerable growth. The rising use of smartphones, PCs, and tablets is one of the main factors driving the growth of the MLC NAND Memory industry. Hence, rising applications of MLC Planar for solid-state drive (SSD) positively impacts the market growth.


Solid-State Drive (SSD) Storage Insights


The Solid-State Drive (SSD) Market data has been bifurcated by storage into under 500 GB, 500 GB–1 TB, 1 TB – 2 TB, and above 2 TB. A growing number of people are using 1 TB SSD storage because of its exceptional mechanical and performance attributes. The above 2 TB storage also witnessed significant growth. Due to advantages like cheap cost and non-volatility compared to dynamic random-access memory, most SSD manufacturers currently use NAND flash-based memory with capacities greater than 2 TB.


Solid-State Drive (SSD) End User Insights


Based on End Users, the global solid-state drive (SSD) industry has been segmented into enterprise, client, industrial, and automotive. The client sector acquired the major market share. Netbooks, notebooks, ultrabooks, single-user desktop or laptop systems used in homes or small workplaces, and other single-user applications use client SSDs in the consumer market.


Figure 2: Solid-State Drive (SSD) Market, by End-User, 2021 & 2030 (USD Billion)Solid-State Drive (SSD) Market, by End-User, 2021 & 2030Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


The second fastest-growing segment in the solid-state drive (SSD) industry is the retail segment. Due to their improved reliability, endurance, error incidence, and performance parameters, enterprise-class SSDs are favored for mission-critical applications and data centers.


Solid-State Drive (SSD) Regional Insights


By Region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. North American Solid-State Drive (SSD) market accounted for USD 12.05 billion in 2021 and is expected to exhibit a significant CAGR of 43.2 percent growth during the study period. The development of 5G technology in the US and Canada is anticipated to substantially impact the market expansion. The CTIA claims that this quick adoption of 5G will lay the framework for a 5G economy in the US, resulting in investments totaling USD 275 billion, creating 3 million new jobs, and increasing GDP by USD 500 billion.


Further, the major countries studied in the market report are The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 3: GLOBAL SOLID STATE DRIVE (SSD) MARKET SHARE BY REGION 2021 (%)GLOBAL SOLID STATE DRIVE (SSD) MARKET SHARE BY REGION 2021Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe's solid-state drive (SSD) market accounts for the second-largest market share. The region's rapid adoption of smart devices, increased investments in IT infrastructure development, and the quick uptake of cloud computing are all contributing to an increase in demand for solid-state drives in European markets. HiDrive describes itself as "Germany's largest cloud computing platform," with over 3.8 million registered customers. Further, the German solid-state drive (SSD) market held the largest market share, and the UK solid-state drive (SSD) market was the fastest-growing market in the European region.


The Asia-Pacific Solid-State Drive (SSD) Market is expected to grow at the fastest CAGR from 2022 to 2030. New SSD solutions have been created due to the nation's adoption of blockchain technology and the Internet of Things. In China, 8.8 billion linked devices are anticipated to exist by 2021. To fulfill domestic and global demand and the escalating rivalry, several of the market's top vendors also focus on the mass production of solid-state drives (SSD). Moreover, China’s solid-state drive (SSD) market held the largest market share, and the Indian solid-state drive (SSD) market was the fastest-growing market in the Asia-Pacific region.


Solid-State Drive (SSD) Key Market Players & Competitive Insights


The market will expand due to major market players investing heavily in R&D to broaden the range of products they provide. In addition to significant market developments like introducing new products, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are taking part in several strategic initiatives to expand their reach internationally. To grow and thrive in the solid-state drive (SSD) industry, rival companies must provide their goods at reasonable costs.


Local production to cut operating costs is one of the main business methods manufacturers utilize in the global solid-state drive (SSD) industry to help clients and grow the market sector. Some of the most significant medical advancements have been facilitated by the solid-state drive (SSD) industry. The solid-state drive (SSD) market major players such as Kingston Technology (US), Western Digital (US), Micron Technology Inc. (US), Samsung (South Korea), and others are assisting R&D initiatives to increase market demand.


Micron Technology, Inc. is an American manufacturer of computer memory and data storage products such as dynamic random-access memory (DRAM), flash memory, and USB flash drives. Its headquarters are located in Boise, Idaho. The Crucial brand is used to sell its consumer products, notably the Ballistix series of memory modules. In June 2022, Micron released the 5400 SATA solid-state drive (SSD) Advanced Memory System for Critical Infrastructure. Using the 5400 SSD, the company provides 176-layer NAND innovation to its data center SATA SSD. The 5400 SSD from Micron is the 11th generation4 data center SATA solid-state drive (SSD).


Also, SK Hynix Inc. manufactures dynamic random-access memory (DRAM) and flash memory chips in South Korea. Hynix is the world's second-largest memory chip manufacturer (after Samsung Electronics) and the third-largest semiconductor firm. In February 2021, South Korean storage semiconductor manufacturer SK Hynix and its US NAND flash memory solutions subsidiary Solidigm introduced solid-state drives (SSD) for data centers. The P5530 will incorporate SK Hynix's 128-layer NAND flash innovation and Solidigm's SSD controllers and software capabilities.


Key Companies in the solid-state drive (SSD) market include




  • Samsung (South Korea)




  • Intel (US)




  • SanDisk (US)




  • Micron Technology Inc. (US)




  • Toshiba (Japan)




  • Lite-On (Taiwan)




  • Western Digital (US)




  • Fusion-io (US)




  • Google (US)




  • Kingston Technology (US)




  • NetApp (US)




  • OCZ (US) and IBM (US)




Solid-State Drive (SSD) Industry Developments


To solidify its place in the NAND flash memory market and sustain its lead in the solid-state drive (SSD) industry, Samsung Electronics Co. has released its new consumer SSD product — the ‘990 EVO’ in January 2024. The cutting-edge SSD brings enhanced performance, flexibility, and technological superiority over its predecessor, the 970 EVO Plus. It represents a significant milestone for Samsung in a NAND market that was recovering from the travails of 2023. “Samsung is expanding its product lineup as part of efforts to revitalise the NAND market and defend its leadership in the SSD segment,” said sources close to the matter. Alone this year sales amounting $87 billion will be made with regards to NAND Flash Memory Chips according to Omdia which is such an exponential growth from $36.99 billion three years ago when we last checked.


March 2023: VisionTek Products LLC announced their latest lineup of M.2 solid-state drives (SSDs), boasting exceptional speed, thermal management, and durability, among other features. These next-gen form factor M.2 drives are designed for heavy workloads, thereby offering unprecedented read/write speeds of up to 7,500 megabytes per second. Additionally, DLX4 PCIe 4.0 SSDs provide low latency access times through their high bandwidth interfaces while being able to fit into systems with different sizes, such as those requiring either 2230 or even larger storage spaces like what would come with a 2280 size option ranging between capacities starting at half a petabyte up until four terabytes which makes them great performers when dealing with tasks such as gaming or video editing.


SK Hynix is planning on releasing SK Hynix Beetle X31 worldwide after launching it first in South Korea in May this year, where they received rave reviews because not only does this portable device offer faster data transfer speeds, but it also comes fitted out with better heat management system and an eye-catching look especially when considering its color scheme alone which features bright orange accents against black body making for quite the fashionable accessory among tech enthusiasts. Expected to hit shelves across America in June, the X31 will be compatible with both PC and Mac operating systems – allowing users of either platform access to their files conveniently without any hassle whatsoever.


July 2022: Kioxia Introduces New Speed Levels for its Enterprise NVMe SSD Family Built on PCIe 5.0 Technology. The PCIe 5.0 technology in E3.S and 2.5-inch Enterprise and Datacenter Standard Form Factors is used in the KIOXIA CM7 line series (EDSFF). The EDSFF E3 series enables the next generation of SSDs using PCIe 5.0 and above to meet future data center architectures while supporting a wide range of new applications and devices.


July 2022: Innodisk, a global leader in industrial-grade memory and integrated devices, introduced the 2.5" SATA 3TS6-P, 3TS9-P, and M.2 (P80) 4TS2-P SSDs as part of its unique computing power solid-state drive (SSD) product range. Innodisk's latest edge AI SSDs provide low latency, rapid DWPD (drive writes per day), and large capacity.


Solid-State Drive (SSD) Market Segmentation:


Solid-State Drive (SSD) Interface Outlook




  • SATA




  • SAS




  • PCIe




Solid-State Drive (SSD) Form Factor Outlook




  • 8”/2




  • 5”




  • 5”




  • 2




  • 2 (SFF 8639)




  • FHHL




  • HHHL




Solid-State Drive (SSD) Technology Outlook




  • SLC




  • MLC Planar




  • MLC 3D




  • TLC Planar




  • TLC 3D




Solid-State Drive (SSD) Storage Outlook




  • Under 500 GB




  • 500 GB–1 TB




  • 1 TB – 2 TB




  • Above 2 TB




Solid-State Drive (SSD) End-User Outlook




  • Enterprise




  • Client




  • Industrial




  • Automotive




Solid-State Drive (SSD) Regional Outlook




  • North America




    • US




    • Canada






  • Europe




    • Germany




    • France




    • UK




    • Italy




    • Spain




    • Rest of Europe






  • Asia-Pacific




    • China




    • Japan




    • India




    • Australia




    • South Korea




    • Australia




    • Rest of Asia-Pacific






  • Rest of the World




    • Middle East




    • Africa




    • Latin America







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