WW SSD Market to Increase by CAGR of 14.4% Through 2022 – BCC Research

The SSD market is expected to increase by a CAGR of 14.4% through 2022, with the largest market being North and South America.

The total market is forecast to reach $52.5 billion by 2022 from $26.8 billion in 2017, with the largest segment and most growth coming from SSDs with more than 1TB of storage, according to the report Solid-state Drives Technology: Global Market Analysis ($3,950,103 pages), by BCC Research.

Research Highlights
• SSDs with storage of less than 250GB will grow at a comparatively modest 9.6% through 2022, when the global market value is projected to reach $6 billion. By comparison, SSDs with more than 1TB of storage will grow by 16.9% over the same period.
• Annual growth in the Americas should average 18.2% between 2017 and 2022. Growth will be more modest, although still strong, in the AsiaPac and EMEA regions.
• SSD adoption in notebooks alone is forecast to grow at a CAGR of 24.5% between 2016 and 2020.

This rapid growth will help hasten the demise of conventional HDDs.

“Said to have lost to SSD in terms of growth prospect, the HDD market is still not completely dead,” said Kevin Fitzgerald, BCC Research editorial director. “SSDs have many performance advantages when compared to HDDs, but at the moment, they come with cost and supply limitations that can restrict their wider acceptance for certain applications.”

North and South America Overtake Asia as Lucrative Manufacturing Hub
The largest market for SSDs through 2022 will be the Americas, as device manufacturers there continue to integrate SSDs into their products. Many market leaders are also choosing to manufacture electronic devices in the Americas as they see cost benefits to regional production. Market growth in the Americas will come primarily from SSDs with more than 500GB of storage vendors are targeting the 500GB to 1TB storage range for smartphones, tablets and basic laptops.