Report : Middle East and Africa Solid State Drives (SSD) Market Forecast to 2029 - COVID-19 Impact and Regional Analysis By Type (Internal and External), Technology (Single Level Cell, Multi-Level Cell, and Triple Level Cell), Storage (Under 500 GB, 500 GB - 1TB, 1TB - 2 TB, and Above 2 TB), and End-User (Industrial, Enterprise, and Consumer)
Consumer Segment to Dominate MEA Solid State Drives (SSD) Market during 2022–2029
According to a new market research study on “MEA Solid State Drives (SSD) Market to 2029– COVID-19 Impact and Regional Analysis and Forecast by Type, Technology, Storage, and End-User,” is expected to reach US$ 5,455.16 million by 2029 from US$ 2,478.76 million in 2022. The market is estimated to grow at a CAGR of 11.9% from 2022 to 2029 The report provides trends prevailing in the MEA solid state drives (SSD) market along with the drivers and restraints pertaining to the market growth. Relational analytics using smart SSDs and rising innovations in critical SSD components are the major factor driving the growth of the MEA solid state drives (SSD) market. However, high cost & small life span of SSDs hinder the growth of MEA solid state drives (SSD) market.
In case of COVID-19, MEA is highly affected especially South Africa. With the COVID-19 pandemic spreading through the countries mentioned above, it is becoming clear that few can escape its impact, presenting major challenges for all sectors. The industrial industry across the Middle East has been severely impacted due to the outbreak of the pandemic at the starting of the year 2020. On the contrary, in October 2021, telco Du opened two data centers in the UAE. The new facilities are established at the Dubai Silicon Oasis free trade zones and Khalifa Industrial Zone in Abu Dhabi. Opening of new data centers amid pandemic situation will help in boosting the growth of solid state drive market.
The MEA solid state drives (SSD) market has been segmented based on type, technology, storage, end-user, and country. Based on type, the market is bifurcated into internal and external. The internal segment dominated the market in 2021 and external segment is expected to be fastest growing during forecast period. Based on technology, the market is segmented into single level cell, multi-level cell, and triple level cell. The single level cell segment dominated the market in 2021 and triple level cell segment is expected to be fastest growing during forecast period. Based on storage, the market is segmented into under 500 GB, 500 GB – 1TB, 1TB – 2 TB, and above 2 TB. The under 500 GB segment dominated the market in 2021 and 1TB – 2 TB segment is expected to be fastest growing during forecast period. Based on end-user, the market is segmented into industrial, enterprise, and consumer. The consumer segment dominated the market in 2021 and enterprise segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into the UAE, South Africa, Saudi Arabia, Turkey, and rest of MEA.
G.SKILL International Enterprise Co., Ltd.; Hangzhou Hikstorage Technology Co., Limited; Kingston Technology Europe Co LLP; Micron Technology, Inc.; Microsemi Corporation; Samsung Group; Seagate Technology LLC; Silicon Power Computer & Communications Inc.; and Western Digital Corporation are among the leading companies in the MEA solid state drives (SSD) market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Samsung has launched a new solid-state drive (SSD), which features Zoned Namespace (ZNS) technology and this SSD is able to maximize available user capacity and provide an extended lifespan in the data center, storage server, and cloud environments.
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