Middle East & Africa Solid State Drives Market Outlook, 2027

Middle East & Africa Solid State Drives Market Outlook, 2027

A solid-state drive is a storage device that allows reading, writing and storing data permanently without a constant power source. Unlike traditional hard-disk drives, solid-state drives do not consist of moving parts and provides almost instant access times. Solid-state drive is more advanced and sophisticated from of a USB memory stick. As the internet penetration in the Middle East & Africa region is making sound growth, the demand for solid-state drives is expected to rise in the region. In 2021, 75% of the Middle East & Africa population was calculated to be internet users. Many organizations in the Middle East & Africa region have shifted their focus towards digital transformations that would result in higher demands of solid-state drives in Middle East & Africa region. Higher adoption of data centers is due to increased usage of IoT (internet of things) devices, big data analytics and artificial intelligence across the region. According to the report solid-state drive market is segmented into two types of end users which are client solid-state drive and enterprise solid-state drive. Among these end users, enterprise solid-state drive segment is anticipated to lead the market with more than 50% market share in Middle East & Africa. Constant innovation in enterprise solid-state drive in the region has accelerated revenue generation from the segment. In Middle East & Africa, there is a substantial demand for cutting-edge storage technologies in enterprises which propels the solid-state drive market growth.

According to the research report “Middle East & Africa Solid-State Drive Market Outlook, 2027"" published by Bonafide Research, solid-state drive market is forecasted to have 21.53% CAGR. Middle East & Africa solid-state drive market is segmented into three major countries which are United Arab Emirates, Saudi Arabia and South Africa. Among these countries, Saudi Arabia is expected to have highest market share during the forecast period and South Africa is anticipated to be the fastest growing country in Middle East & Africa region. Increasing investments by the government to support and promote digitalization in Saudi Arabia is expected to propel the solid-state drive market.

According to the report, Middle East & Africa solid-state drive market is segmented into four storage sizes which includes, the under 500 GB, 500 GB- 1 TB, 1 TB- 2 TB and above 2 TB. Among these segments, the under 500 GB storage size has been the effective from laptops to higher scale data centers. This segment is anticipated to lead the solid-state drive market with more than 50% market share in Middle East & Africa. Due to efficient qualities such as high speed operations per second and appropriate for large store capabilities, the under 500 GB storage size is projected to witness higher market growth during the forecast period. Based on the interface, Middle East & Africa solid-state drive market is segmented into three types including SATA (serial advanced technology attachment) interface, SAS (serial attached SCSI) interface and PCIe (peripheral component interconnect express) interface. Among these segments, SATA interface is forecasted to lead the Middle East & Africa solid-state drive market with more than 60% market share. Due to reduced cable size and cost, faster data transfer with higher efficiency drives the SATA interface demands in Middle East & Africa region.

Impact of Covid-19 on Middle East & Africa Solid-State Drive Market:
During the Covid-19 pandemic, Middle East & Africa was highly affected especially South Africa. With the pandemic spreading through countries in the region, many challenges were faced by those countries. The industrial sector of Middle East & Africa was severely impacted due to outbreak at the starting of the year 2020. However, by the end of 2020 many countries initiated production with higher efficiency. By the changing preference of consumers and penetration of new data centers boosted the solid-state drive market.

Major Companies present in the market:
Samsung Electronics Co. Limited, Kingston Technology Corporation, Western Digital Corporation, Seagate Technology Holdings Public Limited, Intel Corporation, Adata Technology Co. Ltd, Kioxia Holdings Corporation, Micron Technology, Inc., SK Hynix Inc., Transcend Information Inc., LITE-ON, ASUS, Dell Technologies, Viking, TDK Corporation, NetApp, Micro center, GIGABYTE, Bell Microproducts (Avnet, Inc.), Corsair, G.SKILL International Enterprise Co., Limited, Microsemi Corporation, Hangzhou Hikstorage Technology Co., Limited, Silicon Power Computer and Communications Inc.

Considered in this report
Geography: Middle East & Africa
Historic Year: 2016
Base year: 2021
Estimated year: 2022
Forecast year: 2027

Aspects covered in this report
Middle East & Africa Solid-State Drive market with its value and forecast along with its segments
Country wise market analysis
Various drivers and challenges
On-going trends and developments
Top profiled companies
Strategic recommendation

Countries covered in the report
United Arab Emirates
Saudi Arabia
South Africa

By End User of Solid-State Drive in the report:
Client SSD
Enterprise SSD
Others

By Interface in the report:
SATA
SAS
PCIE

By Storage Size in the report:
Under 500 GB
500 GB–1 TB
1 TB – 2 TB
Above 2 TB

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning. Post this we have started doing primary calls to industry people by equally segmenting in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry manufactures, consultants, Key vendors related to Digital Storage industry. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.