Solid State Drive Market Size, Insights, Growth Rate, Trends Analysis and Forecast To 2030

MarkNtel Advisors Releases Comprehensive Study on the Solid State Drive Market, Forecasting Strong Growth from 2024 to 2030

MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled “Solid State Drive Market Analysis, 2024–2030.”
This report provides a detailed assessment of the Solid State Drive Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

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Solid State Drive Market Timeline Overview

-Historical Years: 2019-22

-Base Years: 2023

-Forecast year - 2024-2030

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

Solid State Drive Market Outlook

According to the report, The Global Solid State Drive Market size is valued at USD 56.98 billion in 2024 and is projected to grow at a CAGR of around 14.9% during the forecast period, i.e., 2024-30. The burgeoning usage of Solid-State Drives (SSDs) in consumer electronic devices, including tablets, laptops, desktops, & smartphones, is driving the market. Besides, the rising application of SSDs in data centers & cloud computing applications is another crucial factor augmenting the global market growth.

The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.

Solid State Drive Market Drivers:

• In April 2021, Samsung launched its high-performing SSD, PM1653, which supports Serial Attached SCSI (SAS). It is the industry’s first 24G SAS SSD made with sixth-generation V-NAND chips. Its storage capacity ranges from 800 gigabytes to 30.72 terabytes and is designed for enterprise & data center workloads.
• In 2021, KIOXIA Europe GmbH launched a line-up of Enterprise and Data Center Standard Form Factor (EDSFF) E3.S SSDs designed with PCIe 5.0 technology. It is expected to bring a new era to flash memory used in servers & for storage purposes. It poses up to 6,450 MB/s read throughput and 1,050K random read IOPS.
• In 2019, Inspur, in collaboration with Intel, launched its midrange all-flash storage, AS5000G5-F series, which can provide up to 8 million IOPS and 0.1ms latency. It makes it one of the industry's highest-performance midrange storage platforms. It delivers enhanced performance and all-flash medium service efficiency using advanced technologies like InTier intelligent layering, real-time compression/re-delete, space recovery, and intelligent medium life detection.

Solid State Drive Market Trends:

• In April 2021, Samsung launched its high-performing SSD, PM1653, which supports Serial Attached SCSI (SAS). It is the industry’s first 24G SAS SSD made with sixth-generation V-NAND chips. Its storage capacity ranges from 800 gigabytes to 30.72 terabytes and is designed for enterprise & data center workloads.
• In 2021, KIOXIA Europe GmbH launched a line-up of Enterprise and Data Center Standard Form Factor (EDSFF) E3.S SSDs designed with PCIe 5.0 technology. It is expected to bring a new era to flash memory used in servers & for storage purposes. It poses up to 6,450 MB/s read throughput and 1,050K random read IOPS.
• In 2019, Inspur, in collaboration with Intel, launched its midrange all-flash storage, AS5000G5-F series, which can provide up to 8 million IOPS and 0.1ms latency. It makes it one of the industry's highest-performance midrange storage platforms. It delivers enhanced performance and all-flash medium service efficiency using advanced technologies like InTier intelligent layering, real-time compression/re-delete, space recovery, and intelligent medium life detection.

View Full Report (All Data, In One Place): (Explore in-depth analyses, technological trends, and investment patterns.) https://www.marknteladvisors.com/research-library/global-solid-state-drive-market.html

Solid State Drive Market Segmentation

The study categorizes the Solid State Drive Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

By Type

• External
• Internal

By Interface

• Serial Advanced Technology Attachment (SATA)
• Serial-Attached SCSI (SAS)
• Peripheral Component Interconnect Express (PCI-E)
• By Application
• Database
• SQL
• No-SQL
• Virtualization
• Desktops
• Servers
• High Performance Capacity
• Up SSD
• Out SSD
• Cloud
• Fixed
• Varied

By Storage Capacity

• Under 120 GB
• 121GB-320GB
• 321GB-500GB
• 501GB-1TB
• 1TB-2TB
• Above 2TB

By Technology

• Triple-Level Cell Flash (TLC) 3D
• Triple-Level Cell Flash (TLC) Planar
• Multi-Level Cell (MLC) 3D
• Multi-Level Cell (MLC) Planar
• Single-Level Cell (SLC)

By Form Factor

• 8”/2.5”
• 5”
• 2
• 2 (SFF 8639)
• FHHL and HHHL

By End User

• Enterprise
• Server Attached
• Storage Attached
• Client
• Desktop PC
• Notebook
• Tablet
• Others
• Industrial
• Automotive

Geographical Analysis

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

The report presents detailed insights into the Solid State Drive Market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

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Leading Companies in Solid State Drive Market Worldwide: Players, Analysis & Future Outlook

• Samsung Electronics Co., Ltd.
• Intel Corporation
• Western Digital Corporation
• Micron Technology, Inc.
• Toshiba Corporation
• Seagate Technology PLC
• Microsemi Corporation
• SK Hynix
• Kingston Technology Corporation
• BiTMICRO Networks, Inc.

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
• Growth Drivers & Challenges: Clear insights into factors fueling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/global-solid-state-drive-market.html

Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the Solid State Drive Market?
   2. What are the major factors driving this market’s growth?
   3. Which regions are expected to lead the Solid State Drive Market?
   4. Who are the prominent players in the Solid State Drive Market?
   5. How is the competition structured in this market?
   6. How can I access the full report?

About us:

MarkNtel Advisors is a global research and consulting leader providing actionable intelligence across the ICT & electronics industry, spanning electronic equipment & services, software, and digital infrastructure. We analyze the impact of technologies like AI, IoT, and cloud computing on global business ecosystems. Through Consulting Services, we help technology providers and investors interpret emerging market data, refine digital strategies, and adapt to continuous innovation cycles in the connected economy.         

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