SSD Market to Reach $229 Billion by 2022 – Transparency Market Research

Transparency Market Research has published a new report, Solid State Drive (Enterprise SSDs, Client SSDs) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022 ($4,795), on the global SSD market.

As per the report, the global SSD market stood at $15.1 billion in 2014 and is predicted to reach $229.5 billion by 2022. The report, states that the market is expected to expand at a 40.70% CAGR during the period from 2015 to 2022.

SSDs are storage devices that use an assembly of integrated circuits to store data. Most drives use NAND flash memory chips to retain data without using power. They are used as one of the alternatives to HDDs.

SSDs are commonly used in mobile devices, iPads, notebook PCs, and desktop PCs. They provide zero latency, reduced boot time, and reduced application load.

The global SSD market is segmented on the basis of end use, interface, geography, and capacity. Based on geography, the market is divided into Latin America, the Middle East and Africa, North America, AsiaPac, and Europe.

In 2014, AsiaPac was the leading region in terms of revenue. AsiaPac accounted for 57.0% of the total market in 2014. The growing need to manufacture high-performance mobile devices and enterprise applications is expected to fuel the demand from the AsiaPac market in the years to come. Growing use of SSDs in notebooks, mobile devices, and tablets is further expected to propel the AsiaPac market till 2022.

Samsung Electronics Co. Ltd., Intel Corporation, Toshiba Corporation, Transcend Information, Inc., Seagate Technology PLC, Lite-On Technology Corporation, SanDisk Corporation, Micron Technology, Inc., OCZ Storage Solutions, Inc., and Western Digital Corporation are some of the leading companies in the SSD market.

By end use, the global solid state drive market is classified into client and enterprise SSDs. In 2014, in terms of revenue, the global solid state drive market was dominated by the client SSDs segment. Increasing demand from data center applications is expected to propel the client SSDs segment in the years to come. Based on capacity, the market is classified into 80GB and below, 81GB-320GB, 321GB-500GB, 501GB-1TB, and 1TB and above. In 2014, in terms of revenue, the global solid state drive market was led by the 80GB and below segment. The high prevalence of SSDs in ultra-thin mobiles with capacities below 80GB is expected to boost the 80GB and below segment till 2022.

Based on interface, the global solid state drive market is classified into SAS, PCI-E, and SATA. In terms of revenue, in 2014, the market was dominated by SATA, which held 72.4% of the total revenue. In terms of volume, the SATA segment accounted for 80.0% of the total volume.