The Latest Ssd Industry Statistics Explained
The global solid state drive (SSD) market size was nearly USD 34.86 billion in 2020.
The statistic indicates that the total value of the global solid-state drive (SSD) market was approximately USD 34.86 billion in 2020. This value represents the combined sales and revenue generated from the production and distribution of SSDs worldwide during that year. SSDs are a type of data storage device that uses solid-state flash memory to store data more efficiently and securely compared to traditional hard disk drives. The market size figure provides insight into the growing significance of SSD technology in the digital storage industry and signals a substantial demand for these products in the market.
The SSD industry is predicted to reach USD 75.66 billion by 2028, exhibiting a CAGR of 12.7% during the forecast period.
This statistic indicates that the Solid State Drive (SSD) industry is projected to grow significantly, with expected sales reaching USD 75.66 billion by the year 2028. The Compound Annual Growth Rate (CAGR) of 12.7% during the forecast period suggests a steady and robust expansion in the market for SSDs. This growth rate implies that the industry is expected to experience considerable demand and adoption of SSD products over the coming years, likely driven by factors such as increasing data storage needs, technological advancements, and a shift towards faster and more reliable storage solutions.
In 2021, the largest segment by storage in the SSD market was 500-999GB, estimated with a market share of 32%.
The statistic indicates that in the Solid State Drive (SSD) market in 2021, the segment with storage capacities ranging between 500GB to 999GB was the most popular among consumers, capturing a market share of 32%. This suggests that a significant portion of consumers preferred SSDs within this size range over other available options. The data highlights the ongoing trend towards higher storage capacities, likely driven by increasing demands for storing larger files and data-intensive applications. This information can be valuable for SSD manufacturers and retailers in terms of understanding consumer preferences and adjusting their product offerings and marketing strategies accordingly to cater to the needs of the market effectively.
The enterprise segment is expected to be the fastest-growing end-use segment in the SSD market, with a CAGR of 14.7% from 2021 to 2028.
This statistic indicates that the enterprise segment of the solid-state drive (SSD) market is projected to experience the highest growth rate compared to other end-use segments. The Compound Annual Growth Rate (CAGR) of 14.7% from 2021 to 2028 suggests a strong and steady growth trajectory over the forecast period. This growth trend in the enterprise segment may be driven by increasing demand for SSDs in data centers, cloud computing, and other professional applications that require high-performance and reliable storage solutions. The expected growth in this segment highlights the significant opportunity for SSD manufacturers and related industries to target enterprise customers and capitalize on the growing demand for advanced storage technology in business environments.
SSDs offer 100 times greater performance, almost instantaneous data access, quicker boot ups, faster file transfers, and an overall snappier computing experience than hard drives.
This statistic highlights the significant performance benefits of solid-state drives (SSDs) compared to traditional hard drives. By offering 100 times greater performance, SSDs provide almost instantaneous data access, resulting in quicker boot times, faster file transfers, and an overall smoother computing experience. This improved speed is attributed to the lack of moving parts in SSDs, which allows for faster read and write speeds compared to the mechanical components of hard drives. Ultimately, this statistic underscores the superior performance and efficiency of SSDs in enhancing overall system responsiveness and user experience.
The demand for SSDs from the IT and Telecommunications industry is expected to grow at a CAGR of more than 10% from 2021 to 2026.
This statistic suggests that the demand for Solid State Drives (SSDs) from the IT and Telecommunications industry is projected to increase substantially over the next five years, with a Compound Annual Growth Rate (CAGR) exceeding 10%. This growth rate indicates an accelerating demand for SSDs, likely driven by factors such as increasing data storage requirements, technological advancements, and the shift towards cloud-based services within the industry. The projected growth signifies a significant opportunity for SSD manufacturers and suppliers to cater to the expanding needs of the IT and Telecommunications sector, highlighting the importance of staying competitive and innovative in meeting these evolving demands.
In 2021, enterprise SSDs are to account for more than 60% of all SSD units shipped.
The statistic indicates that in 2021, over 60% of all solid-state drives (SSDs) that are shipped to consumers will be enterprise SSDs. This highlights the growing popularity and demand for enterprise storage solutions across various industries. The shift towards enterprise SSDs, which are designed for high-performance computing and data-intensive tasks, suggests a broader trend towards the adoption of advanced storage technologies in organizations. This statistic showcases the increasing reliance on SSDs for faster data processing, improved efficiency, and greater scalability in business operations.
In terms of regional market share, Asia Pacific dominated the SSD market with over 57% share in 2020.
This statistic indicates that the Asia Pacific region had the largest market share in the solid-state drive (SSD) market in 2020, accounting for more than 57% of the total market. This suggests that a majority of SSD sales and usage occurred in countries within Asia Pacific compared to other regions like North America or Europe. The dominance of the Asia Pacific region in the SSD market could be driven by various factors such as the increasing adoption of technology, rapid industrialization, growing demand for high-performance computing devices, and the presence of major electronics manufacturers in countries like China, South Korea, and Japan. This market share information highlights the importance of the Asia Pacific region as a key player in the global SSD market and can have implications for businesses looking to target this region for sales and expansion opportunities.
A high performance SSD can perform up to 100,000 I/O operations per second.
The statistic stating that a high performance SSD (solid-state drive) can perform up to 100,000 I/O (input/output) operations per second indicates the maximum data transfer rate or processing capability of the SSD. This means that the SSD can handle a significant volume of read and write operations within a single second, making it highly efficient for tasks that require fast data access, such as booting up a computer, loading large files, or running resource-intensive applications. The high I/O operations per second value emphasizes the SSD’s exceptional speed and responsiveness compared to traditional hard disk drives, highlighting its suitability for demanding computing tasks that require swift data access and processing capabilities.
SSDs use less power at peak load than hard disk drives (HDDs).
The statistic suggests that solid-state drives (SSDs) consume less power than hard disk drives (HDDs) when operating at their maximum capacity. This is typically attributed to the lack of moving parts in SSDs, which results in lower energy consumption compared to the spinning disks in HDDs. As a result, SSDs are more energy-efficient and can help reduce electricity costs and environmental impact, making them a more sustainable storage solution in terms of power consumption.
Data suggests that NAND flash prices will increase by roughly 10% throughout 2021, leading to an increase in SSD prices.
Based on the data, it is indicated that there will be an approximate 10% increase in NAND flash prices over the course of 2021. This is important as NAND flash memory is a key component in the production of solid-state drives (SSDs). With the increase in NAND prices, it is likely that manufacturers of SSDs will pass on this cost to consumers, resulting in an increase in SSD prices for end-users. This trend could be driven by various factors such as supply and demand dynamics, production costs, or market conditions. Overall, the statistic suggests that consumers can expect to see higher prices for SSDs in the coming year due to the expected rise in NAND flash prices.
China is expected to consume about 35% of the global NAND flash output in 2022, coming predominantly from data centers.
This statistic indicates that China is projected to account for approximately 35% of the worldwide production of NAND flash memory in 2022, with a focus on utilization in data centers. NAND flash memory is a type of non-volatile storage technology commonly used in various electronic devices for data storage and transfer. The high anticipated consumption in China suggests a significant demand for data storage solutions, particularly in the rapidly growing data center market within the country. This statistic highlights China’s increasing importance in the global technology landscape, as well as the shift towards data-driven industries and the need for advanced storage capabilities in the digital age.
On average a SSD can read sequential data at a speed of about 550 megabytes per second (MBps) and write data at 520 MBps
This statistic indicates the average speed at which a solid-state drive (SSD) can read and write sequential data, with a typical read speed of approximately 550 megabytes per second (MBps) and a write speed of around 520 MBps. These speeds represent the data transfer rates at which the SSD can access and store information in a continuous, linear manner. The fast read and write speeds of SSDs, compared to traditional hard disk drives (HDDs), contribute to quicker boot times, faster application loading, and improved overall system responsiveness. Higher read and write speeds are desirable for tasks that involve large files, such as video editing or gaming, as they significantly reduce data transfer times and improve overall system performance.
Samsung has around 23% market share in the global SSD market.
The statistic that Samsung has around 23% market share in the global SSD market indicates that out of all solid-state drive (SSD) sales worldwide, approximately 23% are attributed to Samsung products. This suggests that Samsung is a major player in the industry, holding a significant portion of the market compared to other competitors. The high market share indicates that Samsung’s SSD products are popular among consumers and are competitive in terms of performance, reliability, and value. Additionally, it implies that Samsung likely has a strong presence in various market segments and regions globally, signaling the company’s success and influence in the SSD market.
In Q2 2021, the overall SSD unit shipments decreased by 7% QoQ but rose by 23% YoY.
In the second quarter of 2021, the total shipments of solid-state drives (SSDs) experienced a 7% decrease compared to the previous quarter, indicating a quarter-over-quarter decline. However, when looking at the same quarter year-over-year, there was a notable 23% increase in SSD unit shipments. This suggests that while there was a temporary slowdown in SSD shipments from the previous quarter, there has been significant growth in SSD demand and adoption compared to the same period in the previous year. It could imply that despite some short-term fluctuations, the overall trend for SSD shipments is trending upwards annually.
SSDs in the 2.5-inch form factor represent the largest market segment, accounting for over 50% of all SSD units sold.
The statistic indicates that solid-state drives (SSDs) in the 2.5-inch form factor are the most popular and widely purchased among consumers, making up more than half of all SSD units sold in the market. This suggests that 2.5-inch SSDs are highly favored for their performance, durability, and compatibility with a wide range of devices. The significant market share of 2.5-inch SSDs highlights their dominance in the industry and their strong appeal to customers seeking reliable and efficient storage solutions for their computers and other electronic devices.
In 2021, North America is the second-largest region in terms of revenues from SSD sales, after Asia Pacific.
The statistic indicates that in 2021, Asia Pacific generated the highest revenue from solid-state drive (SSD) sales, making it the largest region in this industry. Following Asia Pacific, North America emerged as the second-largest region in terms of revenue generated from SSD sales during the same period. This suggests that the demand for SSDs in North America is significant, contributing significantly to the overall revenue generated in the region. The data highlights the competitiveness and growth potential of the SSD market in North America, positioning it as a key player within the global SSD industry landscape.
The global SSD interface market was mainly dominated by SATA, and SAS accounted for the second-largest market share of 41.1% in 2020.
This statistic suggests that in the global solid-state drive (SSD) interface market in 2020, the SATA interface was the most prevalent, holding the highest market share. Following closely behind was the Serial Attached SCSI (SAS) interface, which accounted for the second-largest portion of the market at 41.1%. These numbers highlight the popularity and widespread adoption of SATA interfaces in SSD technology, with SAS interfaces also maintaining a significant hold in the market. The competition between these two interface types likely reflects the varying needs and preferences of consumers and businesses when it comes to storage solutions, with SATA being more cost-effective and widely compatible, while SAS offers higher performance and reliability for enterprise and server applications.
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