solid state drive market imarcgroup

According to the latest report by IMARC Group, titled “Global Solid State Drive Market Trends, Size, Share, Industry Growth, Opportunity and Forecast 2022-2027“, the global solid state drive (SSD) market 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.

Industry Overview and Application:

A non-volatile storage system that stores persistent visual data is referred to as a solid state drive. It has interconnected microchips that help with memory access and employs composite circuits as its memory. Serial ATA (SATA), Serial Attached SCSI (SAS), and PCI Express (PC/e) are a few SSD interfaces that are often used. Compared to hard disc drives, they are faster, more shock-resistant, and more portable (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.

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Solid State Drive (SSD) Market Report Scope
Report CoverageDetails
Market size value in 2021US$ 37.6 Billion
Market forecast in 2027US$ 95.51 Billion
Growth RateCAGR of 15.60% from 2022 to 2027
Base year for estimation2021
Historical data2016-2021
Forecast period2022-2027

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.

Some of these key players include:

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.

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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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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