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The client solid-state drive (SSD) market size is forecast to increase by USD 19.07 billion at a CAGR of 26.32% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing demand for high-performance storage devices in various applications. Desktop PCs and detachable tablets are major consumers of SSDs due to their need for fast throughput and low power consumption. In enterprise applications, SSDs are being adopted for their enhanced durability and reliability, leading to increased market penetration. The finance sector and medical sciences are also investing in SSDs for energy management and data security reasons. However, challenges such as write amplification issues and continued price reductions are impacting the market. Write amplification, a common problem in SSDs, can lead to premature failure and reduced lifespan.
Despite these challenges, the market is expected to continue growing as the benefits of SSDs, including improved performance and energy efficiency, outweigh the costs.
Solid-state drives (SSDs) have gained significant traction in various industries due to their high performance and reliability. The global solid-state drive market is expected to grow steadily, driven by the increasing demand from high-end cloud computing, IT infrastructure, automotive, and cloud platforms. SSDs offer faster memory access and computing process compared to traditional hard disk drives, making them ideal for applications requiring high read-write speed and low latency. In the automotive sector, SSDs are used in navigation systems, entertainment systems, and 3D mapping applications, where quick data access is essential. In IT infrastructure, SSDs are used for data storage in servers and data centers, providing faster access to critical information.
In high-end cloud computing, SSDs are used to store and process data in cloud platforms, enabling faster computing and reducing noise and consumption. With the customized TLC planar technology, SSDs offer improved performance, durability, and endurance, making them a preferred choice for various applications.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The laptops segment is estimated to witness significant growth during the forecast period. Client Solid-State Drives (SSDs) have gained significant traction in the market due to their ability to deliver faster data access and improved system performance. Compared to traditional Hard Disk Drives (HDDs), SSDs offer advantages such as quicker boot times, swifter application loading, and enhanced overall system responsiveness. These benefits contribute to a superior user experience, making SSDs an essential component in modern computing devices. The durability of SSDs, which stems from their lack of moving parts, is another factor driving their adoption in laptops. Given the propensity of laptops to be subjected to movement and shocks, the SSDs makes them a preferable choice over HDDs.
Moreover, SSDs are generally smaller and lighter than HDDs, contributing to the portability of laptops. Another significant advantage of SSDs is their energy efficiency. Consuming less power than HDDs, SSDs contribute to increased battery life in laptops. Furthermore, SSDs support advanced features like data event recorders, relational analytics, smart SSDs, hardware-based encryption, and software-based encryption. These features cater to the growing demand for data security and efficient data management. With the increasing emphasis on faster and more responsive computing devices, the demand for client SSDs in laptops is poised for continued growth.
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The laptops segment accounted for USD 3.45 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in the APAC region is experiencing significant growth due to the increasing adoption of personal computing devices such as PCs and laptops. The region's rapid urbanization, rising disposable incomes, and expanding internet penetration have fueled this demand. As consumers and businesses in APAC countries continue to utilize PCs and laptops for work, education, entertainment, and communication, there is an escalating need for high-performance storage solutions. SSDs, with their faster data access speeds, are becoming the preferred choice over traditional Hard Disk Drives (HDDs). SSDs offer several advantages, including quicker boot times, swifter application loading, and enhanced system responsiveness.
These benefits are particularly valuable for data event recorders, relational analytics, and other applications that require real-time data processing. Moreover, the integration of smart SSDs with hardware-based encryption and software-based encryption technologies provides an additional layer of security for sensitive data. Furthermore, SSDs facilitate file back-up and archiving information, ensuring data availability and business continuity. The APAC region's burgeoning digital content, gaming, multimedia applications, and productivity tools necessitate high-performance computing devices, making SSDs an indispensable component of modern technology infrastructure.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing emphasis on enhanced performance and durability of client SSDs is the key driver of the market. Solid-State Drives (SSDs) have gained significant traction in various industries due to their inherent advantages over traditional Hard Disk Drives (HDDs). SSDs operate without moving parts, ensuring data security even during system disturbances. In contrast, HDDs park their write/read heads when shut off but continue to spin at high speeds during operation, increasing the risk of damage. SSDs' architecture eliminates the need for physical tracks or sectors, enabling them to access memory addresses instantly. This attribute is particularly beneficial in high-traffic environments, such as IT infrastructure, cloud computing, and automotive applications. SSDs power interface technologies like 3D mapping, augmented reality, navigation systems, entertainment systems, and driver-assist technology, requiring quick data retrieval.
In the automotive sector, SSDs' fast read/write speeds enhance the performance of in-vehicle infotainment systems and advanced driver-assist technologies. In IT infrastructure and cloud computing, SSDs improve data accessibility and reduce latency, ensuring seamless operations. The flexibility and efficiency of SSDs make them an indispensable component in various applications, including entertainment systems and 3D mapping, where real-time data processing is essential.
Continued price reductions of SSDs driving usage is the upcoming trend in the market. The market is experiencing significant growth due to the ongoing price decline of SSDs, making them increasingly affordable for various applications. This affordability is driving higher adoption rates in client devices such as laptops, desktops, and ultrasonic sensors in automotive applications, IT infrastructure, cloud computing, 3D mapping, augmented reality, navigation systems, and entertainment systems. In the automotive sector, SSDs are being integrated into driver-assist technology and infotainment systems for faster data processing and improved user experience. In IT infrastructure, SSDs offer superior performance and reliability, making them an attractive option for data centers and servers. In cloud computing, SSDs enable faster data access and processing, enhancing the overall performance of cloud services.
As the cost gap between SSDs and Hard Disk Drives (HDDs) continues to narrow, the preference for SSDs is increasing due to their performance advantages. This trend is expected to accelerate the decline of HDDs and fuel the growth of the Client SSD market.
Write amplification issues of SSDs is a key challenge affecting the market growth. The market is witnessing significant growth due to its increasing adoption in various sectors such as IT infrastructure, cloud computing, automotive, and consumer electronics. In IT infrastructure and cloud computing, SSDs offer faster data access and improved system performance, making them an essential component for data centers and server rooms. In the automotive industry, SSDs are used in 3D mapping, augmented reality, navigation systems, entertainment systems, and driver-assist technology. However, one challenge with SSDs is write amplification, which can accelerate NAND flash wear and reduce their lifespan. Write amplification occurs when the number of program-erase cycles increases, leading to premature failure and data loss.
This issue can also impact SSD performance, especially during write-intensive workloads, resulting in longer write latencies, reduced throughput, and increased response times. Moreover, SSDs require over-provisioning to maintain performance and endurance, leading to higher costs per gigabyte and reduced usable storage capacity. Despite these challenges, the benefits of SSDs, such as faster data access and improved system performance, continue to drive their adoption in various industries.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
DataDirect Networks Inc. - The company offers solid-state drive such as Adata Ultimate SU800 and SSD PCIe m.2 2280 solid state drives, featuring SATA and NVMe 1.3 standards.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Solid-State Drives (SSDs) have revolutionized data storage by offering faster memory access and low latency compared to traditional Hard Disk Drives (HDDs). The client SSD market is witnessing significant growth due to the increasing demand for high-performance storage devices in various industries. SSDs are widely used in IT infrastructure, automotive, cloud computing, and industrial applications. In the automotive sector, SSDs are integrated into navigation systems, entertainment systems, driver-assist technology, and data event recorders. SSDs come in various capacities, including those suitable for notebooks, desktops, and detachable tablets. They are also used in enterprise applications for their fast throughput, multi-task processing capacity, and reliability.
SSDs are preferred for their low power consumption, quiet operation, and mobility. SSDs use NAND flash memory, which is available in 2D and 3D configurations. The latest 3D NAND technology offers higher storage capacity, longer lifespan, and improved performance. SSDs are used in finance, medical sciences, energy management, and gaming industries due to their speed, durability, and data processing capabilities. SSDs come with hardware-based and software-based encryption options for data security. They also support file back-up and archiving information. Blockchain technology and the Internet of Things are emerging areas of application for SSDs due to their fast read-write speed and responsiveness.
The future of SSDs lies in their ability to meet the growing demand for large capacity, high-performance storage devices with minimal noise and power consumption.
Market Scope |
|
Report Coverage |
Details |
Page number |
172 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 26.32% |
Market Growth 2024-2028 |
USD 19.07 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
23.01 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 40% |
Key countries |
US, China, Japan, South Korea, and Taiwan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
DataDirect Networks Inc., Intel Corp., International Business Machines Corp., Kingston Technology LTD., Kioxia Corp., LITE ON Technology Corp., Microchip Technology Inc., Micron Technology Inc., Nexsan Inc., Phison Electronics Corp., Samsung Electronics Co. Ltd., Seagate Technology Holdings Plc, Silicon Motion Technology Corp, SK Inc., Sony Group Corp., Toshiba Corp., Western Digital Corp., ADATA Technology Co. Ltd., Apacer Technology Inc., Cactus Technologies Ltd., and Transcend Information Inc. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our market 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 market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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