Solid State Drive (SSD) Market: Size is Projected to Exceed ~ USD 31107.82 million by 2032 with Growing CAGR of 16.06% (2024)

"2024 Solid State Drive (SSD) Market Insights: Comprehensive Analysis, Projected Growth, and Future Trends"

Latest "Solid State Drive (SSD) Market" Report, spanning over 104+ Pages, provides in-depth analysis of market segments expected to develop different characteristics of Types (500 GB), Applications (Client SSD, Enterprise SSD), Regional and Manufacturer Forecast 2024-2032. Global Solid State Drive (SSD) Market size was valued at USD 12731.12 million in 2023, registering a CAGR of 16.06% during the forecast period [2024-2032], and the market is projected to be worth USD 31107.82 million by 2032. This report meticulously examines Market Sales, Revenue, Business Stake, and Future Growth Dynamics.

This report offers a detailed overview of the global Solid State Drive (SSD) Market, covering essential industry trends, market dynamics, and competitive analysis. It utilizes tools like Porter's Five Forces, Industry Value Chain, and PESTEL Analysis. Key sections such as Patent Analysis, Regulatory Framework, Price Trends, and Investment Analysis provide insights into market evolution and future directions.

Companies Mentioned: KEY INDUSTRY PLAYERS in Solid State Drive (SSD) Market

  • Lite-On Technology Corporation
  • Fusion-io
  • SanDisk
  • Micron Technology, Inc.
  • Kingston Technology Corporation
  • Western Digital Corporation
  • Toshiba Corporation
  • SK Hynix Inc.
  • Intel Corporation
  • ADATA Technology Co. Ltd.
  • Seagate Technology PLC
  • Samsung Group
  • Transcend Information Inc.

Short Summery About Solid State Drive (SSD) Market:

The Global Solid State Drive (SSD) market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2032. In 2024, the market is growing at a steady rate [CAGR] and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

According to the latest research, the global Solid State Drive (SSD) market size was valued at USD 12731.12 million in 2022 and is expected to expand at a CAGR of 16.06% during the forecast period, reaching USD 31107.82 million by 2028. This report elaborates on the market size, market characteristics, and market growth of the Solid State Drive (SSD) industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Solid State Drive (SSD). The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.

What Factors Drives Solid State Drive (SSD) Market Growth?

The burgeoning demand for specific applications globally directly influences Solid State Drive (SSD) market growth.

  • Client SSD
  • Enterprise SSD

What Are the Types of Solid State Drive (SSD) Available in The Market?

Based on Product Types the Market is categorized into Below types that held the largest Solid State Drive (SSD) market share in 2024.

  • 250 GB-500 GB
  • >500 GB

Which regions are leading the Solid State Drive (SSD) Market?

  • United States
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India
  • Other Regions

What is covered in the report?

  • Overview of the Solid State Drive (SSD) market
  • The forecasted market size data of the Solid State Drive (SSD) market
  • Market trends in the Solid State Drive (SSD) market
  • Analysis of company profiles of the major players operating in the market
  • Market drivers and challenges in the Solid State Drive (SSD) market
  • Current and forecasted market size data for the Solid State Drive (SSD) market based on regions

Scope of the Report

The scope of our Solid State Drive (SSD) Market Research Report encompasses:

  • Comprehensive Insights:We provide an in-depth analysis of the keyword market, covering a wide range of aspects crucial for your business growth.
  • Actionable Recommendations:Our report offers actionable recommendations based on data-driven insights, empowering you to make informed decisions.
  • Competitive Intelligence:Stay ahead of the competition with a thorough understanding of the strategies employed by key players.
  • Market Opportunities:Identify emerging opportunities and potential areas for expansion in the keyword market.
  • Risk Analysis:Assess market risks and develop mitigation strategies to navigate uncertainties effectively.

Advantages of Solid State Drive (SSD) Market Research:

  • Enabling Regional Analysis and Market Scope Definition.
  • Providing a Strong Foundation for Business Decision-Making and Strategy Adaptation.
  • Helping Companies Identify Opportunities in the Solid State Drive (SSD) Market and Expand into New Market Segments.
  • Determining the Optimal Market Position to Enhance Customer Service and Competitiveness.
  • Establishing and Enhancing a Mechanism for Collecting Marketing Data and Improving Overall Business Operations.

Key Questions Explored in this Report:

  • What are some of the factors driving the growth of the Solid State Drive (SSD) market?
  • What are the most popular types of Solid State Drive (SSD)?
  • Which regions are expected to experience the highest growth in the Solid State Drive (SSD) market?
  • What are some of the key players operating in the Solid State Drive (SSD) market?
  • What are some of the challenges faced by companies entering the Solid State Drive (SSD) market?
  • What is the current estimated value of the global Solid State Drive (SSD) market?
  • What is the anticipated Compound Annual Growth Rate (CAGR) for the Solid State Drive (SSD) market between 2024 and 2032?
  • Which category currently holds the largest market share? What are the primary factors propelling market growth?
  • What is the size and growth rate of the Solid State Drive (SSD) market in specific geographical regions or market segments?
  • What risks and opportunities are associated with expanding the market scope?
  • How might these trends impact the direction and extent of the market?

Final Report will add the analysis of the impact of the Russia-Ukraine War and COVID-19 on this Solid State Drive (SSD) Industry.

Detailed TOC of Global Solid State Drive (SSD) Market Research Report, 2024-2032

1 Market Overview

1.1 Product Overview and Scope of Solid State Drive (SSD)

1.1.1 Market Coverage

1.1.2 Market Definition

1.2 Market Analysis by Type

1.3 Market Analysis by Application

1.4 Market Analysis by Region

1.4.1 Global Solid State Drive (SSD) Market Size (Revenue) and CAGR (%) Comparison by Region (2018-2023)

1.4.2 United States Solid State Drive (SSD) Market Status and Prospect (2018-2023)

1.4.3 Europe Solid State Drive (SSD) Market Status and Prospect (2018-2023)

1.4.4 China Solid State Drive (SSD) Market Status and Prospect (2018-2023)

1.4.5 Japan Solid State Drive (SSD) Market Status and Prospect (2018-2023)

1.4.6 India Solid State Drive (SSD) Market Status and Prospect (2018-2023)

1.4.7 Southeast Asia Solid State Drive (SSD) Market Status and Prospect (2018-2023)

1.4.8 Latin America Solid State Drive (SSD) Market Status and Prospect (2018-2023)

1.4.9 Middle East and Africa Solid State Drive (SSD) Market Status and Prospect (2018-2023)

1.5 Global Solid State Drive (SSD) Market Size and Forecast

1.5.1 Global Solid State Drive (SSD) Revenue ($) (2018-2032)

1.5.2 Global Solid State Drive (SSD) Sales (2018-2032)

1.5.3 Global Solid State Drive (SSD) Average Price (2018-2032)

2 Players Profiles

3 Competitive Environment: by Players

3.1 Global Solid State Drive (SSD) Revenue ($) and Market Share of Key Players

3.2 Global Solid State Drive (SSD) Sales and Market Share of Key Players

3.3 Global Solid State Drive (SSD) Average Price by Players

3.4 Top 3 Solid State Drive (SSD) Manufacturer Market Share in 2022

3.5 Top 5 Solid State Drive (SSD) Manufacturer Market Share in 2022

3.6 Mergers & Acquisitions, Expansion

4 Industry Chain Analysis

4.1 Upstream Raw Material Suppliers of Solid State Drive (SSD) Analysis

4.2 Manufacturing Cost Structure Analysis

4.2.1 Production Process Analysis

4.2.2 Manufacturing Cost Structure of Solid State Drive (SSD)

4.2.3 Raw Material Cost of Solid State Drive (SSD)

4.2.4 Labor Cost of Solid State Drive (SSD)

4.3 Solid State Drive (SSD) Industrial Chain Analysis

4.4 Major Distributors by Region

4.5 Customer Analysis

5 Solid State Drive (SSD) Market Dynamic and Trends, Marketing Strategy Analysis

5.1 Drivers

5.2 Restraints

5.3 Opportunities

5.4 Challenges

5.5 Industry Development Trends under Global Inflation

5.6 Impact of Russia and Ukraine War

5.7 Industry News and Policies by Regions

5.7.1 Solid State Drive (SSD) Industry News

5.7.2 Solid State Drive (SSD) Industry Policies

5.8 Porters Five Forces Analysis

5.8.1 Threat of New Entrants

5.8.2 Bargaining Power of Suppliers

5.8.3 Bargaining Power of Buyers

5.8.4 Threat of Substitutes

5.8.5 Competitive Rivalry

5.9 Marketing Channel

5.9.1 Direct Marketing

5.9.2 Indirect Marketing

5.9.3 Marketing Channel Development Trend

6 Global Solid State Drive (SSD) Market Segment by Type (2018-2023)

6.1 Global Solid State Drive (SSD) Revenue ($) by Type (2018-2023)

6.2 Global Solid State Drive (SSD) Sales by Type (2018-2023)

6.3 Global Solid State Drive (SSD) Price by Type (2018-2023)

6.4 Global Solid State Drive (SSD) Sales, Revenue ($) and Growth Rate by Type (2018-2023)

6.4.1 Global Solid State Drive (SSD) Sales, Revenue ($) and Growth Rate of Below 100L (2018-2023)

6.4.2 Global Solid State Drive (SSD) Sales, Revenue ($) and Growth Rate of 100-5000L (2018-2023)

6.4.3 Global Solid State Drive (SSD) Sales, Revenue ($) and Growth Rate of Above 5000L (2018-2023)

7 Global Solid State Drive (SSD) Market Segment by Application (2018-2023)

7.1 Global Solid State Drive (SSD) Revenue ($) by Application (2018-2023)

7.2 Global Solid State Drive (SSD) Sales by Application (2018-2023)

7.3 Global Solid State Drive (SSD) Sales and Growth Rate by Application (2018-2023)

7.3.1 Global Solid State Drive (SSD) Sale, Revenue ($) and Growth Rate of Residential (2018-2023)

7.3.2 Global Solid State Drive (SSD) Sale, Revenue ($) and Growth Rate of Commercial (2018-2023)

7.3.3 Global Solid State Drive (SSD) Sale, Revenue ($) and Growth Rate of Industrial (2018-2023)

Continue……….

Why You Should Purchase This Report:

  • Discovering Valuable Connections: Uncover potential suppliers and partnership opportunities highlighted in the report.
  • Market Dynamics and Trends: Grasp a complete understanding of the global Solid State Drive (SSD) market's dynamics and trends.
  • In-Depth Market Analysis: Explore the latest market trends and thorough competitive analysis, along with other key insights about the global market.
  • Spotting Potential Collaborators: Learn about potential future partners, suppliers, or affiliates outlined in the report.
  • Strategic Mergers and Acquisitions: Strategically plan mergers and acquisitions by identifying top manufacturers in the industry.
  • Identifying Emerging Competitors: Recognize emerging players who have strong product offerings, allowing you to devise effective strategies to stay competitive.
  • Targeting New Clients or Partners: Identify potential new clients or partners within your desired audience.
  • Strategizing Based on Industry Leaders: Develop tactical plans by understanding the key areas of focus for leading companies.

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Solid State Drive (SSD) Market: Size is Projected to Exceed ~ USD 31107.82 million by 2032 with Growing CAGR of 16.06% (2024)

FAQs

What is the SSD market forecast? ›

According to the latest research, the global Solid State Drive (SSD) market size was valued at USD 12731.12 million in 2022 and is expected to expand at a CAGR of 16.06% during the forecast period, reaching USD 31107.82 million by 2028.

What is the market share of Samsung enterprise SSD? ›

TrendForce reports that in 4Q23, Samsung held over 40% of the market share in the enterprise SSD sector, while Solidigm, a long-time player in QLC enterprise SSDs, held a combined market share (SK Group) of 32%. Other suppliers, with market shares below 10%, see limited growth potential.

What is the market share of Micron SSD? ›

The analyst believes Micron was the worst affected by the market contraction, with a 53.1 percent revenue drop to $308 million and a market share change from 12.6 percent in Q3 to 8.1 percent in Q4, making it the smallest supplier by revenue in the enterprise SSD market.

Should I invest in SSD? ›

You should buy an SSD if...

If you're looking for fast boot speeds or you want to load games or applications effortlessly, then an SSD will blow even the fastest HDD out of the water. The slowest SSDs is easily ten times faster than the fastest HDD, so there's just no comparison to be made.

Why is SSD so expensive now? ›

SSDs are getting more expensive again because the biggest NAND supplier has throttled production to half its previous output. And where the leader goes, so the rest of the mob is likely to follow. Last year was the perfect time to buy an SSD.

Why are Samsung SSD so popular? ›

Samsung's lineup of portable SSDs was created to satisfy consumers' multifarious needs by offering them external storage solutions that are faster and lighter than traditional HDDs, and ensure high data reliability.

Which company is best in SSD? ›

  • Samsung 990 Pro. The best SSD overall. ...
  • PNY XLR8 CS3140. The best high-performance SSD on a budget. ...
  • Samsung 990 EVO. Better efficiency makes this the best SSD for laptops. ...
  • Corsair MP600 Pro LPX. The Best M.2 SSD for gaming overall. ...
  • Kingston Fury Renegade. The best SSD for PS5. ...
  • Patriot Viper VP4300. ...
  • Samsung 870 Evo SSD. ...
  • Samsung T7.
Feb 22, 2024

Why are SSDs out of stock? ›

In response to market changes, memory manufacturers reduced production of NAND Flash. With the effective implementation of production reduction strategies, demand partly increased, leading to a tightening supply of SSD. Recently, it's reported that NAND Flash product market has experienced a shortage in enterprise SSD.

Is SSD price going up? ›

SSD prices will continue to rise thanks to high demand and 'supply chain challenges' WD says | PC Gamer.

What company owns Micron? ›

Upon detailed examination of institutional ownership, Vanguard stands out as the top shareholder of Micron stock, holding a stake of approximately 7.4%. Following closely is Vanguard Index Funds, with a notable ownership stake of 6.47% in the company.

Who are Micron's biggest customers? ›

Micron Technology's customers include major technology companies such as Apple, Dell, HP, IBM, Lenovo, Microsoft, and Samsung. Other customers include automotive and industrial manufacturers, telecom providers, government agencies, and research institutions.

What is the future of SSD? ›

Increasing capacities, decreasing size:

Aided by emerging technologies like 3D NAND, future SSDs will stack memory cells vertically, making it possible to store more data in less space.

What is the market share of SSD in 2024? ›

The Solid State Drive Market size is estimated at USD 65.47 billion in 2024, and is expected to reach USD 147.01 billion by 2029, growing at a CAGR of 17.56% during the forecast period (2024-2029).

Will SSD last 10 years? ›

In fact, most SSDs can last over five years, while the most durable units exceed ten years. However, how long your SSD will last depends on how often you write data into it, and you could use that to estimate the lifespan.

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