Global SSD Controller Market (SARS-CoV-2, Covid-19 Analysis) Research Report: by Type, Storage Interface, Application, Region - Forecast till 2025

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Market Synopsis

The Global SSD Controller Market was valued at USD 7.42 billion in 2018; it is expected to reach USD 19.04 billion by the end of the forecast period at a CAGR of 14.60%.

SSD controller is one of the two most important components of solid-state drives (SSDs), another being the memory chip. One of the primary factors driving the demand for SSD controllers is the rapid rise in demand for cloud-based data centers. The low cost of cloud storage is leading to increasing demand for public cloud storage. This has led to the growing demand for data centers which can store a large amount of data and require highly data-intensive operations. There has been a tremendous rise in the number of mega data centers as the enterprises are becoming more inclined towards cloud-based operations; this is expected to boost the demand for SSD controllers in the years to come.

One of the key trends influencing the growth of the SSD controllers market is the growth of 3D NAND technology which has brought revolution in electronic storage. 3D NAND technology offers various advantages including low power consumption and better endurance as compared to a planar architecture. These architectures are one-dimensional and can, therefore, store more data by increasing its density. This leads to an increase in SSD capacity and a decline in prices.

Segmentation

By type, the market has been segmented into single-level cells (SLC), multi-level cells (MLC), triple-level cells (TLC). The multi-level cells (MLC) segment is expected to dominate the SSD controller market during the forecast period while triple-level cells (TLC) segment is expected to grow at the highest CAGR during the forecast period.

By storage interface, the market has been segmented into SATA, SAS, PCIe. The SATA segment dominates the SSD controller market and is expected to continue its dominance throughout the forecast period. The PCIe segment is expected to grow at a significant pace during the forecast period.

By application, the SSD controller market has been segmented into data center, enterprise, client, and retail. The data center segment dominated the SSD controller market in 2018 and is expected to contribute a significant revenue share to the market during the forecast period. The client segment is likely to register a high CAGR during the forecast period.

Regional Analysis

The global market for SSD controller is estimated to grow at a significant pace during the forecast period from 2019 to 2025. The geographic analysis of SSD controller market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and Central and South America. Among the aforementioned regions, North America is expected to dominate the SSD controller market. The wide adoption of SSD controller technology in advanced computing systems, growth of cloud computing, and proliferating big data analytics is leading to the growth of the market. SSD controller technology is largely being applied in data centers. Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The leading countries in this region including China, Japan, and South Korea are creating immense opportunities for the growth of the SSD controller market. Europe is also expected to witness huge demand for SSD controller technology owing to the demand from the automotive sector under the client segment.

The global SSD controller market was valued at USD 7.42 billion in 2018; it is expected to reach USD 19.04 billion by the end of the forecast period at a CAGR of 14.60%.

Competition Analysis

The SSD controller market has witnessed a high global demand due to the rise in cloud-based computing and growth of big data analytics technology. Major players consider partnerships and new product development as a part of organic growth approach to strengthen their market position.

Key Players

The key players in the SSD controller market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Marvell Technology Group(UK), Samsung (South Korea), Intel (US), Toshiba (Japan), Western Digital (US), Micron Technology, Inc. (US), NetApp (US), IBM (US), Phison Electronics Corporation (Taiwan), Silicon Motion Technology Corporation (Taiwan), and SandForce (US). These players contribute a major share in the growth of SSD controller market.

Apart from the top key players, there are other players and regional players that contribute to the market growth. These include OCZ (US), CNEX Labs, Inc. (US), ADATA Technology Co., Ltd. (Taiwan), Realtek Semiconductor Corp. (Taiwan), and Foremay (US).

More Information : https://www.marketresearchfuture.com/reports/ssd-controller-market-8268

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