SSD Controller Market Expected to Reach $53.01 Billion by 2030-Allied Market Research

According to a new report published by Allied Market Research, titled, “SSD Controller Market by Form Factor, Interface, Technology, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the SSD controller market size was valued at $14.12 billion in 2020, and is projected to reach at $53.01 billion by 2030, growing at a CAGR of 14.4% from 2021 to 2030.

A solid-state drive regulator is an implanted processor that executes firmware-level code. SSD regulator empowers superior and limits strong state drives intended to use in hyper-scale and endeavors server farms foundations. Further, solid-state drives controllers are intended to enable multi-level cell, triple-level cell, and single-level cell memories while offering best-in-class error alteration features and skills. Traditional SSD controller operated within a single integrated circuit to surround the processor with ROM and RAM. Moreover, the emergence of Phison E12-based NVMe controller solution across enterprise and client SSD is driving the market during the forecast period.

Surge in adoption of cloud computing technology in enterprise andemergence of 3D NAND technologydrive the market growth. However, high cost associated with the solid-state drive application isanticipated to restrain the SSD controller market share. Further, surge in demand for cloud-based data center and rise in demand for public cloud storage solutions areexpected to provide lucrative opportunities for the SSD controller industry during the forecast period.

According to SSD controller market trends, the SATA segment was the highest contributor to the market in 2020. The TLS and MLC segments collectively accounted for around 88.9% market share in 2020.Surge in adoption of high-end cloud computing solutions in small & medium enterprises has led the growth of the SATA segment, thereby enhancing the SSD controller market growth.

The emergence of COVID-19 has significantly impacted the global SSDs controller market growth. The delay caused for construction projects due to partial or complete lockdown in various regions has significantly reduced the demand for SSD controller during the pandemic. However, rise in demand for high-end cloud computing from prime enterprise, owing to the implementation of work-from-home policy by the governments of several countries, which, in turn, is anticipated to offer remunerative opportunities for the expansion of the SSD controller market analysis post pandemic.

Region wise, the SSD Controller market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Region wise, North America holds a significant share in the global market size. The adoption of public cloud computing solution is expected to propel the solid-state drive controller market in this region. Moreover, presence of prime vendors paired with advanced technological solutionsin North America is anticipated to boost growth of the SSD controller market in this region.

Key Findings of The Study

• In 2020, the SATA segment accounted for the maximum revenue and is projected to grow at a notable CAGR of 13.7% during the forecast period.
• The TLC and MLC segments together accounted for around 88.9% of the SSD controller market share in 2020.
• The enterprise segment is projected to growth at a CAGR of 13.0% during the forecast period.
• North America contributed for the major share in SSD controller market, accounting for more than 41.8% share in 2020.

The key players profiled in the report include Marvell Samsung, Toshiba, Western Digital, Intel Corporation, Micron Technology, Kingston Technology, SK Hynix, Realtek Semiconductor Corp., and ADATA Technology Inc. Market players have adopted various strategies such as product launch, collaboration& partnership, joint venture, and acquisition to expand their foothold in the SSD controller market.