According to the latest report by IMARC Group, titled “Global Solid State Drive Market Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global solid state drive market size reached a value of US$ 37.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 95.51 Billion by 2027, exhibiting a CAGR of 15.60% during 2022-2027.
A solid state drive refers to a non-volatile storage device that stores persistent visual data. It uses composite circuits as memory and comprises interconnected microchips, which assist in accessing memory. Some commonly utilized SSD interfaces are Serial ATA (SATA), Serial Attached SCSI (SAS), and PCI Express (PC/e). They are more portable and offer better shock-resistant properties and higher speed than hard disk drives (HDD).
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Solid State Drive (SSD) Market Trends and Drivers:
One of the primary factors driving the market is the increasing application of high-end cloud computing interfaces and the requirement for effective data storage solutions. Additionally, the introduction of peripheral component interconnect express (PCIe), and non-volatile memory express (NVMe) interfaces are propelling the market growth.
Besides this, the rising incidents of cyberattacks and computer crashes that can provide data access to unauthorized users and can cause file deletion are also creating a positive market outlook.
Moreover, the integration of NAND flash memory on an extensive scale and the persistent research and development (R&D) activities performed by the key market players are other major growth-inducing factors.
| Solid State Drive (SSD) Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 37.6 Billion |
| Market forecast in 2027 | US$ 95.51 Billion |
| Growth Rate | CAGR of 15.60% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
Global Solid State Drive (SSD) Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ADATA Technology Co. Ltd., Corsair Gaming Inc., Kingston Technology Corporation, KIOXIA Holdings Corporation, Micron Technology Inc., Samsung Electronics Co. Ltd., Seagate Technology LLC, SK hynix Inc., Toshiba Corporation, Transcend Information Inc. and Western Digital Corporation.
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The report has segmented the market on the basis of region, type, interface, form factor, storage and application.
Breakup by Type:
- External
- Internal
Breakup by Interface:
- SATA
- SAS
- PCIe
Breakup by Form Factor:
- 1.8”/2.5”
- 3.5”
- M.2
- U.2 (SFF 8639)
- FHHL and HHHL
Breakup by Storage:
- Under 500 GB
- 500 GB–1 TB
- 1 TB–2 TB
- Above 2 TB
Breakup by Application:
- Enterprise
- Client
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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