Enjoy complimentary customisation on priority with our Enterprise License!
The Solid State Drive (SSD) Controller Market share is expected to increase by USD 3.57 billion from 2021 to 2026, at a CAGR of 16.89%.
This SSD controllers market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers SSD controllers market segmentation by end-user (data center and enterprise and client and retail) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The Solid State Drive (SSD) Controller Market report also offers information on several market vendors, including ADATA Technology Co. Ltd., CNEX Labs Inc., Greenliant Systems, Hyperstone GmbH, Intel Corp., IntelliProp Inc., Kingston Technology Co. Inc., Kioxia Holdings Corp, Marvell Technology Inc., Microchip Technology Inc., Micron Technology Inc., Phison Electronics Corp., Realtek Semiconductor Corp., Samsung Electronics Co. Ltd, Seagate Technology LLC, Silicon Motion Technology Corp, SK HYNIX Inc., Toshiba Corp., Transcend Information Inc., and Western Digital Corp. among others.
Download Report Sample to Unlock the SSD Controllers Market Size for the Forecast Period and Other Important Statistics
The increase in demand for cloud-based data centers is notably driving the SSD controllers market growth, although factors such as high dependence on end products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the SSD controllers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Solid State Drive (SSD) Controller Market Driver
One of the key factors driving growth in the SSD controllers market is the increase in demand for cloud-based data centers. Data centers consist of the infrastructure to process and store business information and are the major support for cloud operations. Many large enterprises operate cloud data centers for their business operations. Growing small- and medium-sized enterprises (SMEs) prefer to run their business operations through CSPs, colocations, and web hosting cloud data centers owing to the benefits such as scalability, reliability, and cost reduction. Many cloud data centers are termed mega data centers, which consume lots of power during peak data-intensive operations. The use of both cloud consumers and business applications contributed to the growth in internet traffic. Demand for public cloud storage is expected to grow due to the decrease in cloud storage costs for consumers. Hence, the increase in demand for cloud-based data centers, in turn, drives the demand for SSD controllers during the forecast period.
Key Solid State Drive (SSD) Controller Market Trend
The high dependence on end products is an SSD controllers market trend that is expected to have a positive impact in the coming years. Prices of SSD controllers have been decreasing in recent years. The cost-per-gigabyte is expected to decline moderately as the storage capacity rises each year. The fall in price can be attributed to a density increase due to die shrinkage. SSD memory has been decreased below 20 nm from 25 nm, which allows the manufacturers to add more cells in the same amount of space, thereby increasing density. SSD controllers have been gaining popularity, and vendors can lower their prices due to an increase in sales volumes. This allows the manufacturers to increase production, which may result in a further drop in prices. In addition, prices are expected to fall further once 3D stacking (memory chips stacked in layers) in NAND takes off.
Key Solid State Drive (SSD) Controller Market Challenge
The declining prices of SSD controllers will be a major challenge for the SSD controllers market during the forecast period. The demand for SSD controllers gets affected by several factors, such as the general demand for SSD controllers in the end markets and the price attractiveness of the end devices incorporating SSD controllers. A significant portion of SSD controller sales revenue is derived from SSD consumers who use controllers in embedded and expandable SSD solutions used in mobile and computing devices. Any significant decline in the demand for SSD controllers in the end market decreases the demand for SSD controllers, which, in turn, leads to a decline in the global SSD controllers market.
This Solid State Drive (SSD) Controller Market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global solid-state drive (SSD) controllers market as a part of the global electronic components market within the information technology (IT) market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the SSD controllers market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the SSD controllers market encompasses successful business strategies deployed by the key vendors. The SSD controllers market is concentrated and the vendors are deploying organic and inorganic growth strategies such as to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The solid state drive controller market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the solid state drive controller market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
70% of the market’s growth will originate from APAC during the forecast period. China, South Korea, Taiwan, and Japan are the key markets for SSD controllers in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The presence of several manufacturers of SSD controllers, such as SK Hynix, Seagate, Toshiba, and Western Digital will facilitate the Solid State Drive (SSD) Controller Market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
Impact of COVID-19: The outbreak of COVID-19 had a significant impact on the economic growth of APAC in 2020. Over 100 countries worldwide imposed lockdowns by the end of March in 2020. Such initiatives adversely impacted the operations of various end-user industries. However, a gradual control of the spread of COVID-19 and large-scale vaccination drives are expected to aid the recovery of the regional market in focus during the forecast period.
To gain further insights on the market contribution of various segments Request PDF Sample
The Solid State Drive (SSD) Controller Market share growth in the data center and enterprise segment will be significant during the forecast period. Vendors are working closely with manufacturers of end-use products that use SSD controllers to improve the performance and efficiency of enterprise applications. Also, government agencies across the world are utilizing advances in technology to redefine their businesses and provide improved citizen services.
This report provides an accurate prediction of the contribution of all the segments to the growth of the solid state drive controller market size and actionable market insights on the post-COVID-19 impact on each segment.
Solid State Drive Controller Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 16.89% |
Market growth 2022-2026 |
$ 3.57 billion |
Market structure |
Concentrated |
YoY growth (%) |
18.52 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 70% |
Key consumer countries |
US, China, South Korea, Taiwan, and Japan |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
ADATA Technology Co. Ltd., CNEX Labs Inc., Greenliant Systems, Hyperstone GmbH, Intel Corp., IntelliProp Inc., Kingston Technology Co. Inc., Kioxia Holdings Corp, Marvell Technology Inc., Microchip Technology Inc., Micron Technology Inc., Phison Electronics Corp., Realtek Semiconductor Corp., Samsung Electronics Co. Ltd, Seagate Technology LLC, Silicon Motion Technology Corp, SK HYNIX Inc., Toshiba Corp., Transcend Information Inc., and Western Digital Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.