Global Solid State Drive (SSD) Market Growth 2025-2031

Global Solid State Drive (SSD) Market Growth 2025-2031

The global Solid State Drive (SSD) market size is predicted to grow from US$ 32370 million in 2025 to US$ 49670 million in 2031; it is expected to grow at a CAGR of 7.4% from 2025 to 2031.

A solid-state drive (SSD) is a solid-state storage device that uses integrated circuit assemblies as memory to store data persistently. Enterprises prefer SSDs because they consume less energy, allow for reduction in sprawl, and result in a smaller environmental footprint.

Technological Advancement

With continuous improvements in NAND flash technology, SSD storage density and speed will continue to increase while costs decrease. The widespread adoption of 3D NAND technology allows for more storage cells to be stacked vertically, enhancing performance and capacity.

Growing Market Demand

The rapid development of data centers, cloud computing, artificial intelligence, and big data analytics is driving a significant increase in demand for high-performance storage, fueling the growth of the SSD market.

Increase in Enterprise Applications

Enterprises are increasingly seeking efficient storage solutions, particularly in industries such as finance, healthcare, and e-commerce, driving the market for enterprise-grade SSDs.

Explosion of Data Volume

The rapid development of the internet and IoT is generating data at an unprecedented rate, significantly increasing storage demands, making SSDs a preferred solution for fast and reliable storage.

Performance Advantages

Compared to traditional hard disk drives (HDDs), SSDs offer clear advantages in terms of read/write speeds, durability, and energy consumption, attracting more users and enterprises.

Global Solid State Drive (SSD) key players include SAMSUNG, SanDisk/WDC, Toshiba, SK Hynix, Intel, etc.Global top five manufacturers hold a share over 75%. Asia Pacific is the largest market, with a share over 45%, followed by Europe, and North America, both have a share over 45 percent. In terms of product, (320-500)GB is the largest segment, with a share nearly 40%. And in terms of application, the largest application is Client, followed by Enterprise.

LP Information, Inc. (LPI) ' newest research report, the “Solid State Drive (SSD) Industry Forecast” looks at past sales and reviews total world Solid State Drive (SSD) sales in 2024, providing a comprehensive analysis by region and market sector of projected Solid State Drive (SSD) sales for 2025 through 2031. With Solid State Drive (SSD) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solid State Drive (SSD) industry.

This Insight Report provides a comprehensive analysis of the global Solid State Drive (SSD) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solid State Drive (SSD) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Solid State Drive (SSD) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solid State Drive (SSD) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solid State Drive (SSD).

This report presents a comprehensive overview, market shares, and growth opportunities of Solid State Drive (SSD) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Below 120 GB
120-320 GB
320-500 GB
500 GB-1 TB
1-2 TB
Above 2TB

Segmentation by Application:
Enterprise
Client

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Samsung
Western Digital
Kingston
SK Hynix
Intel
Kioxia
Crucial (Micron)
Lenovo
Transcend
Kimtigo
Teclast
BIWIN Storage
Netac Technology
Shenzhen Longsys (Lexar)
Seagate
Sony
ADATA Technology
GIGABYTE
HOSIN Global Electronics
Union Memory
Colorful
ZhiTai (Yangtze Memory)
GLOWAY (Powev)
LingDeChuang
Kingbank

Key Questions Addressed in this Report

What is the 10-year outlook for the global Solid State Drive (SSD) market?

What factors are driving Solid State Drive (SSD) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Solid State Drive (SSD) market opportunities vary by end market size?

How does Solid State Drive (SSD) break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.