Solid State Drive Market Size, Trends & Growth Opportunity By Type (Internal, and External), By Storage (Under 120GB, 120GB-320GB,320GB-500GB, 500GB-1TB, 1TB-2TB, above 2TB), By End User (Client, Small and Medium Enterprises, and Large Enterprises), By Region and Forecast till 2027>
Market Overview
Global Solid State Drive Market was valued at USD 35.47 billion in 2021 which is expected to reach USD 85.25 billion by 2027 at a CAGR 14.74% from 2022-2027>
The term "solid state drive" can also refer to a type of data storage device that uses integrated circuit assemblies as memory to store data, also known as a "electric disc" or "solid-state disc." No moving parts are present in this device. Compared to conventional input/output hard disc drives, solid state drives use electronic interfaces.
Market Drivers
The key growth drivers for the global solid state drive market are the rising internet penetration, the expanding commerce sector, and the increase in media data transfer volume. Another factor driving the market's growth during this forecast period is the rise in popularity of mobile devices like tablets and smartphones, which have enabled consumers to produce large amounts of digital data and content. Additionally, rising demand for solid state drives due to their numerous benefits, such as high reliability and performance efficiency, will spur market expansion.
Market Restraints
However, the challenging factors that are anticipated to restrain the growth of the global solid state drive market are their high price and short lifespan.
Market Segmentation
Global Solid State Drive Market is segmented into type such as Internal, and External, by Storage Under 120GB, 120GB-320GB,320GB-500GB, 500GB-1TB, 1TB-2TB, above 2TB.Further, market is segmented into end user such as Client, Small and Medium Enterprises, and Large Enterprises.
Also, Global Solid State Drive Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Leading companies in North America are using the most potent SSDs to provide cutting-edge storage solutions to a range of industries. To gain a competitive edge and improve efficiency, American businesses are increasing their investments in IT infrastructure. In order to cut down on time, speed up data transfer, and achieve high performance, there has been a significant push for the use of SSDs in IT infrastructure devices. Additionally, SSDs are quickly replacing conventional hard disc drives in North America.
Market Key Players
Various key players are discussed in this report such as Samsung Group, Intel Corporation, A3CUBE Inc, Micron Technology, Inc, Nimbus Data Systems, Inc, Maxta Inc, Pure Storage, Inc., Whiptail, Violin Memory Inc, Skyera Inc, and SanDisk Corporation.
Market Taxonomy
By Type
- Internal
- External
- Under 120GB
- 120GB-320GB
- 320GB-500GB
- 500GB-1TB
- 1TB-2TB
- Above2TB
- Client
- Small and Medium Enterprises
- Large Enterprises
- North America
- Latin America
- Europe
- Asia pacific
- Middle East & Africa
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Solid State Drive Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Solid State Drive Market, By Type
- 5.1 Y-o-Y Growth Comparison, By Type
- 5.2 Global Solid State Drive Market Share Analysis, By Type
- 5.3 Global Solid State Drive Market Size and Forecast, By Type
- 5.3.1 Internal
- 5.3.2 External
- ]6 Global Solid State Drive Market, By Storage
- 6.1 Y-o-Y Growth Comparison, By Storage
- 6.2 Global Solid State Drive Market Share Analysis, By Storage
- 6.3 Global Solid State Drive Market Size and Forecast, By Storage
- 6.3.1 under 120 GB
- 6.3.2 120GB-320GB
- 6.3.3 500GB-1TB
- 6.3.4 1TB-2GB
- 6.3.5Above 2TB
- 7 Global Solid State Drive Market, By End User
- 7.1 Y-o-Y Growth Comparison, By End User
- 7.2 Global Solid State Drive Market Share Analysis, By End User
- 7.3 Global Solid State Drive Market Size and Forecast, By End User
- 7.3.1 Client
- 7.3.2 Small & Medium Enterprises
- 7.3.3Large Enterprises
- 8 Global Solid State Drive Market, By Region
- 8.1 Global Solid State Drive Market Share Analysis, By Region
- 8.2 Global Solid State Drive Market Share Analysis, By Region
- 8.3 Global Solid State Drive Market Size and Forecast, By Region
- 9 North America Solid State Drive Market Analysis and Forecast (2022 – 2027)
- 9.1 Introduction
- 9.2 North America Solid State Drive Market Share Analysis, By Type
- 9.3 North America Solid State Drive Market Size and Forecast, By Storage
- 9.4 North America Solid State Drive Market Size and Forecast, By End User
- 9.5 North America Solid State Drive Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.2 Canada
- 9.5.3 Mexico
- 10Europe Solid State Drive Market Analysis and Forecast (2022 – 2027)
- 10.1 Introduction
- 10.2 Europe Solid State Drive Market Share Analysis, By Type
- 10.3 Europe Solid State Drive Market Size and Forecast, By Storage
- 10.4 Europe Solid State Drive Market Size and Forecast, By End User
- 10.5 Europe Solid State Drive Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.54. Rest of Europe
- 11Asia Pacific Solid State Drive Market Analysis and Forecast (2022 – 2027)
- 11.1 Introduction
- 11.2 Asia Pacific Solid State Drive Market Share Analysis, By Type
- 11.3 Asia Pacific Solid State Drive Market Size and Forecast, By Storage
- 11.4 Asia Pacific Solid State Drive Market Size and Forecast, By End User
- 11.5 Asia Pacific Solid State Drive Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4. Rest of Asia Pacific
- 12Latin America Solid State Drive Market Analysis and Forecast (2022 – 2027)
- 12.1 Introduction
- 12.2 Latin America Solid State Drive Market Share Analysis, By Type
- 12.3 Latin America Solid State Drive Market Size and Forecast, By Storage
- 12.4 Latin America Solid State Drive Market Size and Forecast, By End User
- 12.5 Latin America Solid State Drive Market Size and Forecast, Country
- 13Middle East Solid State Drive Market Analysis and Forecast (2017 – 2027)
- 13.1 Introduction
- 13.2 Middle East Solid State Drive Market Share Analysis, By Type
- 13.3 Middle East Solid State Drive Market Size and Forecast, By Storage
- 13.4 Middle East Solid State Drive Market Size and Forecast, By End User
- 13.5 Middle East Solid State Drive Market Size and Forecast, By Country
- 14Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15Company Profiles
- 15.1 Samsung Group
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 Intel Corporation
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 A3CUBE Inc
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Micron Technology, Inc
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Nimbus Data Systems
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Maxta Inc
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Pure Storage, Inc
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Whiptail, Violin Memory Inc
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Skyera Inc
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 SanDisk Corporation
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook