Europe 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)
The Europe solid state drives (SSD) market is expected to grow from US$ 12,351.50 million in 2022 to US$ 38,760.38 million by 2029; it is estimated to grow at a CAGR of 17.7% from 2022 to 2029.
Solid-state drives (SSDs) are already nearly ubiquitous in desktop and laptop computers, but they have taken far longer to reach the same level of adoption in the data center. Because cloud and data center applications have such dissimilar needs, three components of SSD technology must mature before SSDs can be a viable alternative for hard discs: cost, reliability, and capacity. Now that the technology has matured to the point where an SSD-only data center is not only a possibility but also the future of enterprise storage. Initially, server SSDs were best used as cache and hot storage in conjunction with SAS or SATA spinning discs, but with higher density NAND allowing for capacities of up to 3.84TB, fast NVMe-based AIC drives, and upcoming standards such as U.2, there is a shift toward All-Flash Arrays (AFA), which completely eliminate spinning discs. A single solid-state drive (SSD) can outperform many spinning discs while using less electricity. As a result, you can consolidate servers and minimize the overall physical footprint of a storage rack. However, data center SSDs use a different set of measurements than consumer PCs. A data center must be able to meet this requirement and will encounter increased demand based on the application, unlike a conventional client PC, whose usage is unlikely to ever require continual 24/7 steady performance. Data center drives must be able to handle this challenge in terms of durability and daily performance for the duration of the warranty period. Endurance and constant IOPS performance are essential. Predictable low latency becomes a fundamental requirement for a new application, such as one of the popular streaming video services that require a Content Display Network. For this case, regular IOPS are required, as well as high-quality service (QoS). Customers in the server and data center can now choose between fast and reliable SATA SSDs, which offer hot-swap, flexible redundancy options, and great scaling thanks to multiple drive bays per server, and the latest high-performance AIC NVMe drives, which offer the fastest throughput that NAND technology can offer. The growing demand for data centers is creating positive impact in the storage business including SSDs, thereby driving the Europe market growth.Europe suffered an economic hit due to the lack of revenues from various industries during the COVID-19 pandemic. The outbreak of new variants of SARS-CoV-2 in the UK and other major European countries further hampered the supply chain of solid-state drives in the region. As Europe is home to a well-established automotive industry, the demand SSDs is at peak in the region. The high storage capacities of SSDs make them a preferred choice among autonomous cars/self-driving vehicles. During lockdown, the adoption of SSDs in autonomous cars reduced; however, with the resuming of the automotive business, the adoption of SSDs began gaining traction again in 2021. The Europe solid state drives (SSD) market was also driven by the high demand generated for consumer electronics storage devices in Europe during the COVID-19 pandemic period due to the increased preference for online learning and remote working.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe solid state drives (SSD) market. The Europe solid state drives (SSD) market is expected to grow at a good CAGR during the forecast period.
Europe Solid State Drives (SSD) Market Revenue and Forecast to 2029 (US$ Million)
Europe Solid State Drives (SSD) Market Segmentation
Europe Solid State Drives (SSD) Market – By Type
- Internal
- External
Europe Solid State Drives (SSD) Market – By Technology
- Single Level Cell
- Multi-Level Cell
- Triple Level Cell
Europe Solid State Drives (SSD) Market – By Storage
- Under 500 GB
- 500 GB – 1TB
- 1TB – 2 TB
- Above 2 TB
Europe Solid State Drives (SSD) Market – By End-User
- Industrial
- Enterprise
- Consumer
Europe Solid State Drives (SSD) Market, by Country
- Germany
- France
- Italy
- UK
- Russia
- Poland
- Sweden
- Norway
- Netherlands
- Rest of Europe
Europe Solid State Drives (SSD) Market - Companies Mentioned
- G.SKILL International Enterprise Co., Ltd.
- Hangzhou Hikstorage Technology Co., Limited
- Kingston Technology Europe Co LLP
- KIOXIA Corporation
- Micron Technology, Inc.
- Microsemi Corporation
- Samsung Group
- Seagate Technology LLC
- Silicon Power Computer & Communications Inc.
- SK Hynix Inc.
- Western Digital Corporation
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe SSD Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe SSD Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Penetration of High-End Cloud Computing
5.1.2 Accelerating Adoption in Data Center Applications
5.2 Market Restraints
5.2.1 Expensive & Small Life Span of SSDs
5.3 Market Opportunities
5.3.1 Relational Analytics Using Smart SSDs
5.4 Future Trends
5.4.1 Growing Innovations in Critical SSD Components
5.5 Impact Analysis of Drivers and Restraints
6. SSD Market – Europe Analysis
6.1 Europe SSD Market Overview
6.2 Europe SSD Market –Revenue and Forecast to 2029 (US$ Million)
7. Europe SSD Market Analysis – By Type
7.1 Overview
7.2 Europe SSD Market Breakdown, By Type, 2021 and 2029
7.3 External
7.3.1 Overview
7.3.2 External: SSD Market Revenue and Forecast to 2029 (US$ million)
7.4 Internal
7.4.1 Overview
7.4.2 Internal: SSD Market Revenue and Forecast to 2029 (US$ million)
8. Europe SSD Market Analysis – By Technology
8.1 Overview
8.2 Europe SSD Market, by Technology (2021 and 2029)
8.3 Single Level Cell (SLC)
8.3.1 Overview
8.3.2 SLC: SSD Market– Revenue and Forecast to 2029 (US$ million)
8.4 MLC
8.4.1 Overview
8.4.2 MLC: SSD Market– Revenue and Forecast to 2029 (US$ million)
8.5 Triple Layer Cell (TLC)
8.5.1 Overview
8.5.2 TLC: SSD Market– Revenue and Forecast to 2029 (US$ million)
9. Europe SSD Market Analysis – By Storage
9.1 Overview
9.2 Europe SSD Market, by Storage (2021 and 2029)
9.3 Under 500 GB
9.3.1 Overview
9.3.2 Under 500 GB: SSD Market– Revenue and Forecast to 2029 (US$ million)
9.4 GB - 1 TB
9.4.1 Overview
9.4.2 GB - 1 TB: SSD Market– Revenue and Forecast to 2029 (US$ million)
9.5 1 TB - 2 TB
9.5.1 Overview
9.5.2 1 TB - 2 TB: SSD Market– Revenue and Forecast to 2029 (US$ million)
9.6 Above 2 TB
9.6.1 Overview
9.6.2 Above 2 TB: SSD Market– Revenue and Forecast to 2029 (US$ million)
10. Europe SSD Market Analysis – By End-User
10.1 Overview
10.2 Europe SSD Market, by End-User (2021 and 2029)
10.3 Industrial
10.3.1 Overview
10.3.2 Industrial: SSD Market– Revenue and Forecast to 2029 (US$ million)
10.4 Enterprise
10.4.1 Overview
10.4.2 Enterprise: SSD Market– Revenue and Forecast to 2029 (US$ million)
10.5 Consumer
10.5.1 Overview
10.5.2 Consumer: SSD Market– Revenue and Forecast to 2029 (US$ million)
11. Europe SSD Market – Country Analysis
11.1 Overview
11.1.1 Europe: Solid State Drives Market, By Country
11.1.2 Europe Solid State Drives Market, by Country – Revenue and Forecast to 2029 (USD Million)
11.1.2.1 Germany: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
11.1.2.1.1 Germany: Solid State Drives Market, By Type
11.1.2.1.2 Germany: Solid State Drives Market, By Technology
11.1.2.1.3 Germany: Solid State Drives Market, By Storage
11.1.2.1.4 Germany: Solid State Drives Market, By End-User
11.1.2.2 France: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
11.1.2.2.1 France: Solid State Drives Market, By Type
11.1.2.2.2 France: Solid State Drives Market, By Technology
11.1.2.2.3 France: Solid State Drives Market, By Storage
11.1.2.2.4 France: Solid State Drives Market, By End-User
11.1.2.3 Italy: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
11.1.2.3.1 Italy: Solid State Drives Market, By Type
11.1.2.3.2 Italy: Solid State Drives Market, By Technology
11.1.2.3.3 Italy: Solid State Drives Market, By Storage
11.1.2.3.4 Italy: Solid State Drives Market, By End-User
11.1.2.4 UK: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
11.1.2.4.1 UK: Solid State Drives Market, By Type
11.1.2.4.2 UK: Solid State Drives Market, By Technology
11.1.2.4.3 UK: Solid State Drives Market, By Storage
11.1.2.4.4 UK: Solid State Drives Market, By End-User
11.1.2.5 Russia: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
11.1.2.5.1 Russia: Solid State Drives Market, By Type
11.1.2.5.2 Russia: Solid State Drives Market, By Technology
11.1.2.5.3 Russia: Solid State Drives Market, By Storage
11.1.2.5.4 Russia: Solid State Drives Market, By End-User
11.1.2.6 Poland: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
11.1.2.6.1 Poland: Solid State Drives Market, By Type
11.1.2.6.2 Poland: Solid State Drives Market, By Technology
11.1.2.6.3 Poland: Solid State Drives Market, By Storage
11.1.2.6.4 Poland: Solid State Drives Market, By End-User
11.1.2.7 Sweden: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
11.1.2.7.1 Sweden: Solid State Drives Market, By Type
11.1.2.7.2 Sweden: Solid State Drives Market, By Technology
11.1.2.7.3 Sweden: Solid State Drives Market, By Storage
11.1.2.7.4 Sweden: Solid State Drives Market, By End-User
11.1.2.8 Norway: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
11.1.2.8.1 Norway: Solid State Drives Market, By Type
11.1.2.8.2 Norway: Solid State Drives Market, By Technology
11.1.2.8.3 Norway: Solid State Drives Market, By Storage
11.1.2.8.4 Norway: Solid State Drives Market, By End-User
11.1.2.9 Netherlands: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
11.1.2.9.1 Netherlands: Solid State Drives Market, By Type
11.1.2.9.2 Netherlands: Solid State Drives Market, By Technology
11.1.2.9.3 Netherlands: Solid State Drives Market, By Storage
11.1.2.9.4 Netherlands: Solid State Drives Market, By End-User
11.1.2.10 Rest of Europe: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
11.1.2.10.1 Rest of Europe: Solid State Drives Market, By Type
11.1.2.10.2 Rest of Europe: Solid State Drives Market, By Technology
11.1.2.10.3 Rest of Europe: Solid State Drives Market, By Storage
11.1.2.10.4 Rest of Europe: Solid State Drives Market, By End-User
12. Europe SSD Market- COVID-19 Impact Analysis
12.1 Europe
13. Industry Landscape
13.1 Overview
13.2 Merger and Acquisition
13.3 New Development
14. Company Profiles
14.1 Kingston Technology Europe Co LLP
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 SK Hynix Inc.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Micron Technology, Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 icrosemi Corporation
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Samsung Group
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 KIOXIA Corporation
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 G.SKILL International Enterprise Co., Ltd.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Silicon Power Computer & Communications Inc.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Hangzhou Hikstorage Technology Co., Limited
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Western Digital Corporation
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
14.11 Seagate Technology LLC
14.11.1 Key Facts
14.11.2 Business Description
14.11.3 Products and Services
14.11.4 Financial Overview
14.11.5 SWOT Analysis
14.11.6 Key Developments
15. Appendix
15.1 About the Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Europe SSD Market – Revenue, and Forecast to 2029 (US$ Million)
Table 2. Germany Solid State Drives Market, By Type – Revenue and Forecast to 2029 (US$ Million)
Table 3. Germany Solid State Drives Market, By Technology – Revenue and Forecast to 2029 (US$ Million)
Table 4. Germany Solid State Drives Market, By Storage – Revenue and Forecast to 2029 (US$ Million)
Table 5. Germany Solid State Drives Market, By End-User – Revenue and Forecast to 2029 (US$ Million)
Table 6. France Solid State Drives Market, By Type – Revenue and Forecast to 2029 (US$ Million)
Table 7. France Solid State Drives Market, By Technology – Revenue and Forecast to 2029 (US$ Million)
Table 8. France Solid State Drives Market, By Storage – Revenue and Forecast to 2029 (US$ Million)
Table 9. France Solid State Drives Market, By End-User – Revenue and Forecast to 2029 (US$ Million)
Table 10. Italy Solid State Drives Market, By Type – Revenue and Forecast to 2029 (US$ Million)
Table 11. Italy Solid State Drives Market, By Technology – Revenue and Forecast to 2029 (US$ Million)
Table 12. Italy Solid State Drives Market, By Storage – Revenue and Forecast to 2029 (US$ Million)
Table 13. Italy Solid State Drives Market, By End-User – Revenue and Forecast to 2029 (US$ Million)
Table 14. UK Solid State Drives Market, By Type – Revenue and Forecast to 2029 (US$ Million)
Table 15. UK Solid State Drives Market, By Technology – Revenue and Forecast to 2029 (US$ Million)
Table 16. UK Solid State Drives Market, By Storage – Revenue and Forecast to 2029 (US$ Million)
Table 17. UK Solid State Drives Market, By End-User – Revenue and Forecast to 2029 (US$ Million)
Table 18. Russia Solid State Drives Market, By Type – Revenue and Forecast to 2029 (US$ Million)
Table 19. Russia Solid State Drives Market, By Technology – Revenue and Forecast to 2029 (US$ Million)
Table 20. Russia Solid State Drives Market, By Storage – Revenue and Forecast to 2029 (US$ Million)
Table 21. Russia Solid State Drives Market, By End-User – Revenue and Forecast to 2029 (US$ Million)
Table 22. Poland Solid State Drives Market, By Type – Revenue and Forecast to 2029 (US$ Million)
Table 23. Poland Solid State Drives Market, By Technology – Revenue and Forecast to 2029 (US$ Million)
Table 24. Poland Solid State Drives Market, By Storage – Revenue and Forecast to 2029 (US$ Million)
Table 25. Poland Solid State Drives Market, By End-User – Revenue and Forecast to 2029 (US$ Million)
Table 26. Sweden Solid State Drives Market, By Type – Revenue and Forecast to 2029 (US$ Million)
Table 27. Sweden Solid State Drives Market, By Technology – Revenue and Forecast to 2029 (US$ Million)
Table 28. Sweden Solid State Drives Market, By Storage – Revenue and Forecast to 2029 (US$ Million)
Table 29. Sweden Solid State Drives Market, By End-User – Revenue and Forecast to 2029 (US$ Million)
Table 30. Norway Solid State Drives Market, By Type – Revenue and Forecast to 2029 (US$ Million)
Table 31. Norway Solid State Drives Market, By Technology – Revenue and Forecast to 2029 (US$ Million)
Table 32. Norway Solid State Drives Market, By Storage – Revenue and Forecast to 2029 (US$ Million)
Table 33. Norway Solid State Drives Market, By End-User – Revenue and Forecast to 2029 (US$ Million)
Table 34. Netherlands Solid State Drives Market, By Type – Revenue and Forecast to 2029 (US$ Million)
Table 35. Netherlands Solid State Drives Market, By Technology – Revenue and Forecast to 2029 (US$ Million)
Table 36. Netherlands Solid State Drives Market, By Storage – Revenue and Forecast to 2029 (US$ Million)
Table 37. Netherlands Solid State Drives Market, By End-User – Revenue and Forecast to 2029 (US$ Million)
Table 38. Rest of Europe Solid State Drives Market, By Type – Revenue and Forecast to 2029 (US$ Million)
Table 39. Rest of Europe Solid State Drives Market, By Technology – Revenue and Forecast to 2029 (US$ Million)
Table 40. Rest of Europe Solid State Drives Market, By Storage – Revenue and Forecast to 2029 (US$ Million)
Table 41. Rest of Europe Market, By End-User – Revenue and Forecast to 2029 (US$ Million)
Table 42. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe SSD Market Segmentation
Figure 2. Europe SSD Market Segmentation – By Country
Figure 3. Europe SSD Market Overview
Figure 4. Internal Segment Held the Largest Market Share in 2021
Figure 5. Single Level Cell Segment Held the Largest Market Share in 2021
Figure 6. Germany Held the Largest Market Share in 2021
Figure 7. Europe – PEST Analysis
Figure 8. Europe SSD Market– Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Europe SSD Market Impact Analysis of Drivers and Restraints
Figure 11. Europe SSD Market – Revenue and Forecast to 2029 (US$ Million)
Figure 12. Europe SSD Market Revenue Share, By Type (2021 and 2029)
Figure 13. Europe External: SSD Market Revenue and Forecast to 2029 (US$ million)
Figure 14. Europe Internal: SSD Market Revenue and Forecast to 2029 (US$ million)
Figure 15. Europe SSD Market Revenue Share, by Technology (2021 and 2029)
Figure 16. Europe SLC: SSD Market– Revenue and Forecast to 2029 (US$ million)
Figure 17. Europe MLC: SSD Market– Revenue and Forecast to 2029 (US$ million)
Figure 18. Europe TLC: SSD Market– Revenue and Forecast to 2029 (US$ million)
Figure 19. Europe SSD Market Revenue Share, by Storage (2021 and 2029)
Figure 20. Europe Under 500 GB: SSD Market – Revenue and Forecast to 2029 (US$ million)
Figure 21. Europe 500 GB - 1 TB: SSD Market– Revenue and Forecast to 2029 (US$ million)
Figure 22. Europe 1 TB - 2 TB: SSD Market– Revenue and Forecast to 2029 (US$ million)
Figure 23. Europe Above 2 TB: SSD Market– Revenue and Forecast to 2029 (US$ million)
Figure 24. Europe SSD Market Revenue Share, by End-User (2021 and 2029)
Figure 25. Europe Industrial: SSD Market – Revenue and Forecast to 2029 (US$ million)
Figure 26. Europe Enterprise: SSD Market– Revenue and Forecast to 2029 (US$ million)
Figure 27. Europe Consumer: SSD Market– Revenue and Forecast to 2029 (US$ million)
Figure 28. Europe: Solid State Drives Market Revenue Overview, by Country (2021) (US$ Mn)
Figure 29. Europe: Solid State Drives Market Revenue Share, By Country (2021 and 2029)
Figure 30. Germany: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
Figure 31. France: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
Figure 32. Italy: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
Figure 33. UK: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
Figure 34. Russia: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
Figure 35. Poland: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
Figure 36. Sweden: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
Figure 37. Norway: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
Figure 38. Netherlands: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
Figure 39. Rest of Europe: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
Figure 40. Impact of COVID-19 Pandemic in Europe Country Markets
- G.SKILL International Enterprise Co., Ltd.
- Hangzhou Hikstorage Technology Co., Limited
- Kingston Technology Europe Co LLP
- KIOXIA Corporation
- Micron Technology, Inc.
- Microsemi Corporation
- Samsung Group
- Seagate Technology LLC
- Silicon Power Computer & Communications Inc.
- SK Hynix Inc.
- Western Digital Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe solid state drives (SSD) market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe solid state drives (SSD) market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the solid state drives (SSD) market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution