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Report Overview
The global solid state drive (SSD) market reached a value of approximately USD 65.50 Billion in 2024. The market is projected to grow at a CAGR of 17.60% between 2025 and 2034, reaching a value of around USD 331.37 Billion by 2034.
2024
Base Year
2018-2024
Historical Period
2025-2034
Forecast Period
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According to the Canadian Gaming Association, gaming supports 128,000 jobs and contributes $8.7 billion annually, driving up demand for SSDs.
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In 2022, Destatis recorded 75.5 laptops/notebooks/netbooks per 100 households in Germany, indicating a significant use of SSD.
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In 2023, PIB announced PLI Scheme- 2.0 to support IT hardware production under INR 17,000 crore budget.
Solid State Drive (SSD) Market Share
The solid-state drive (SSD) market is positively impacted by the 1TB to 2TB storage segment, as it strikes a balance between capacity and cost-effectiveness, catering to the needs of mainstream users with moderate storage requirements.
1TB to 2TB SSDs offer sufficient storage for multimedia, applications, and gaming, maintaining a balance between capacity and cost-effectiveness. They are suitable for mainstream users, providing ample space for software and operating systems without compromising speed.
Exceeding 2TB, SSDs serve content creators, data analysts, and enterprises, accommodating large datasets and high-quality media. They streamline storage management, guaranteeing dependable performance and reliability for vital applications.
The enterprise sector drives the solid state drive (SSD) market growth, attributed to its superior endurance, reliability, and performance when compared to client SSDs. This ensures stable operation even in challenging environments.
Enterprise SSDs are designed for challenging workloads and critical tasks in data centres, offering exceptional endurance, reliability, and performance. They feature advanced data protection and management capabilities, enabling scalable and efficient deployments, ultimately improving system performance, and reducing maintenance costs.
Client SSDs are tailored for personal computing devices, providing fast boot times and application loading speeds to boost user productivity. They offer affordable storage solutions for individuals and small businesses, incorporating features like power efficiency and lightweight design to meet mobile and mainstream computing requirements.
Solid State Drive (SSD) Market Report Snapshots
Solid State Drive (SSD) Market Size
Solid State Drive (SSD) Market Share
Solid State Drive (SSD) Market Growth
Solid State Drive (SSD) Market Trends
Solid State Drive (SSD) Market Regional Analysis
Solid State Drive (SSD) Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at USD 65.50 Billion in 2024.
The market is projected to grow at a CAGR of 17.60% between 2025 and 2034.
The revenue generated from the solid state drive (SSD) market is expected to reach USD 331.37 Billion in 2034.
The market is categorised based on the interface into SATA, SAS, and PCIe.
The key market players are Samsung Electronics Co. Ltd., Intel Corporation, Micron Technology, Inc., Kingston Technology Company, Inc., Seagate Technology Holdings Plc, Western Digital Corporation, SK Hynix Inc., Microchip Technology Inc., ADATA Technology Co., Ltd., and Transcend Information, Inc., among others.
Based on the technology, the market is divided into SLC, MLC planar, MLC 3D, TLC planar, and TLC 3D.
Based on the end use, the market is divided into enterprise, client, automotive, and industrial.
The global market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
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