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2021
Enterprise Ssd Market

Enterprise SSD Market

By Technology (Single-Level Cell, Multi-Level Cell [Planar and 3D], and Triple-Level Cell [Planar and 3D]), Storage (Under 500 GB, 500GB-1TB, 1TB-3TB, 3TB-5TB, 5TB-8TB, and Over 8TB), Interface (SATA, SAS, and PCIe), Enterprise Size (Small & Medium Enterprises, and Large Enterprises), and Application (High-Performance Computing and Data Center Servers): Global Opportunity Analysis and Industry Forecast, 2021-2030
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Report Code: A07926
Pages: 325
Jul 2021 | 5935 Views
Author(s) : Asavari, Himanshu Jangra , Vineet Kumar
Tables: 162
Charts: 84
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Enterprise SSD Market Outlook – 2030 

The global enterprise SSD market size was valued at $17.85 billion in 2020, and is projected to reach $46.89 billion by 2030, registering a CAGR of 10.2% from 2021 to 2030. An enterprise solid-state drive (SSD) is a device that stores information persistently and caches data temporarily in nonvolatile semiconductor memory or NAND-based flash memory. Enterprise SSD is intended to store servers, storage systems, and direct-attached storage devices. 

The Component segment has been adversely impacted by the emergence of COVID-19 pandemic.

Solid-state drivers use dynamic random-access memory or NAND-based flash memory solution to store data. Furthermore, SSDs do not have moving mechanical components, which increases their service life, thereby making them resilient to mechanical failure. SSDs in enterprises and data centers facilitate faster and more efficient read/write processes, which offer highly reliable data storage solution.  

Enterprise-SSD-Market,-2021-2030

The growth of the global enterprise SSD market is driven by superior performance, high throughput, and enhanced power efficiency of enterprise SSD. In addition, rapid changes high-end cloud applications significantly impacting the adoption of SSD solutions for data center applications. In addition, NAND-based flash memory solution is witnessing significant demand from enterprises, owing to its high endurance, low cost, and faster storage with low error rate, which propel the need for SSD solution in enterprises, globally. 

The enterprise SSD market is expected to witness notable growth during the forecast period, owing to rise in penetration of high-end cloud computing in enterprises, globally. Furthermore, surge in adoption of data center application in enterprises drives the growth of the market. Moreover, rapid surge in utility of SSD over HDD in key industry verticals is expected to propel the market growth. However, high cost associated with implementation of SSD solution acts as a key restraint of the market. On the contrary, surge in unstructured data with real-time analysis is expected to provide lucrative opportunity for growth of the enterprise SSD market. 

The emergence of COVID-19 has declined the growth rate of the enterprise SSD market in 2020. Further, the market during COVID-19 was primarily hit by several obstacles, including the availability of resources, health & safety measures, deliverables, contractual obligations, and project delays or cancellations. Conversely, surge in demand for security and the cloud computing solution is projected to drive market growth during the forecast period. 

Enterprise SSD Market
By Technology

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TLC segment will dominate the market with a highest CAGR of 10.9% during 2021 - 2030

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Segment Overview

The enterprise SSD market is segmented into technology, storage, interface, enterprise size, application, and region. On the basis of technology, the market is fragmented into single-level cell, multi-level cell (planar and 3D), and triple-less cell (Planar and 3D). The triple-level cell segment dominated the market, in terms of revenue in 2020, and is expected to follow the same trend during the forecast period. By enterprise size, the market is bifurcated into small & medium enterprises and large enterprise. The large enterprises segment garnered the highest share in 2020, and is expected to grow at a high CAGR from 2021 to 2030. 

Enterprise SSD Market
By Storage

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Under 500GB segment will maintain the lead throughout the forecast period

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Depending on storage, the market is segregated into under 500GB, 500GB-3TB and over 3TB. The under 500GB segment was the highest revenue contributor in 2020, and is anticipated to garner significant market share during the forecast period. By interface, the market is segregated into SATA, SAS, and PCIe. SATA segment garnered the highest share in 2020, and is expected to grow at a notable CAGR from 2021 to 2030. The applications covered in the study include high-performance computing and datacenter servers. The datacenter servers led the market, in terms of revenue, in 2020, and is anticipated to acquire significant market share during the forecast period. 

Enterprise SSD Market
By Interface

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PCIe segment is projected to be the most lucrative segment during 2021 - 2030

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Region wise, the enterprise SSD market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, South Korea, Taiwan, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America is expected to register the highest growth rate during the forecast period. In North America, the U.S. remains a significant participant in the global enterprise SSD market. This is attributed to the fact that major organizations and government institutions in the country are intensely putting resources into the technology.

Enterprise SSD Market
By Enterprise Size

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Small and Medium Enterprise segment will grow at a highest CAGR of 11.0% during 2021 - 2030

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Top Impacting Factors

Significant factors that impact the growth of the global enterprise SSD industry include reduction in average selling price (ASP) of NAND-based flash memory coupled with surge in adoption of data center application. However, rise in concerns over cost as well as service life of SSDs acts as the major barrier for their early adoption, which hampers the growth of the global market. On the contrary, high demand from the high-end cloud segment and higher utility of SSD over HDD in key verticals are anticipated to provide remunerative opportunities for the expansion of the enterprise SSD market growth during the forecast period.

Enterprise SSD Market
By Application

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Data Center Server segment is projected to be the most lucrative segment

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Competitive Analysis

Competitive analysis and profiles of the major market players are Intel Corporation, Kingston Technology Corp., Micron Technology Inc., Microsemi, Samsung Electronics Co. Ltd., Seagate Technology PLC, SK Hynix Inc., Toshiba Corp, Viking Technology, and Western Digital Corp. are provided in this report. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.

Enterprise SSD Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 12.2% during 2021 - 2030

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Key Benefits For Stakeholders

  • This study comprises analytical depiction of the enterprise SSD market share along with the current trends and future estimations to illustrate the imminent investment pockets.
  • The overall enterprise SSD market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current enterprise SSD market share is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
  • The report includes the market share of key vendors and enterprise SSD market forecast.

Enterprise SSD Market Report Highlights

Aspects Details
BY Technology
  • Single-level cell
  • Multi-level cell
  • Triple-level cell
BY storage
  • Under 500 GB
  • 1TB-3TB
  • Over-3TB
BY Application
  • High Performance Computing
  • Datacenter Servers
BY enterprise size
  • Small & Medium Enterprise
  • Large Enterprise
BY Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
Key Market Players Intel Corporation, Kingston Technology Company, Inc., KIOXIA Holdings Corporation (Toshiba Corp.), Microchip Technology Inc. (Microsemi Corporation), Micron Technology, Inc., Samsung Electronics Co. Ltd. (Samsung), Sanmina Corporation (Viking Technology), Seagate Technology LLC, SK Hynix Inc., Western Digital Corporation
 

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Enterprise SSD is a storage device that used NAND flash memory solution to deliver higher performance and consume less power than spinning hard disk drives. SSD is a storage solution with a higher set of specifications that offers stronger error correction code (ECC), protection of DRAM-stored data, consistent, and persistent quality of service. In addition, rise in demand for SSDs in enterprise industries as a viable storage solution to increase the reliability, efficiency, performance, and data center performance is expected to offer profitable opportunities for the enterprise SSD market.

Enterprise SSD is popular for use in prime enterprises, owing to surge in several enterprise data centers requiring high data throughput and high-end cloud computing. Moreover, prime vendors, such as Samsung, offer all-flash solutions for heavy workloads to deliver unrivaled performance, reliability, and capacity without bottlenecks and to optimize the next-generation server and storage applications, which is anticipated to provide lucrative opportunities for market growth.

Globally, various key players are investing in enterprise SSD application to make them compatible with various industrial platforms. For instance, according to new data from Synergy Research Group, the three largest public cloud vendors in the world Amazon, Microsoft, and Google collectively accounted for more than 50 % of the world's largest data centers. Furthermore, U.S-based prime vendors are continuously sending billions of dollars each year on building and expanding global data center footprint to accommodate the high demand for cloud services.

The key players profiled in the report include ADATA Technology Co. Ltd., Kingston Technology Corp., Micron Technology Inc., Microsemi, Samsung Electronics Co. Ltd., Seagate Technology PLC, SK Hynix Inc., Toshiba Corp, Viking Technology, and Western Digital Corp are provided in this report.

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FREQUENTLY ASKED QUESTIONS?

A. The Enterprise SSD Market is estimated to grow at a CAGR of 10.2% from 2021 to 2030.

A. The Enterprise SSD Market is projected to reach $46.89 billion by 2030.

A. To get the latest version of sample report

A. Rising demand from the high-end cloud segment across the globe and surge in adoption of data center applications etc. boost the Enterprise SSD market growth.

A. The key players profiled in the report include ADATA Technology Co. Ltd., Kingston Technology Corp., Micron Technology Inc., and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Enterprise SSD Market is segmented on the basis of technology, storage, interface, enterprise size, application, and region.

A. The key growth strategies of Enterprise SSD market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. TLC segment would grow at a highest CAGR of 10.9% during the forecast period.

A. North America region will dominate the market by the end of 2030.

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