North America 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 North America solid state drives (SSD) market is expected to grow from US$ 18,311.83 million in 2022 to US$ 44,502.66 million by 2029; it is estimated to grow at a CAGR of 13.5% from 2022 to 2029.
Cloud computing is rapidly becoming one of the most popular methods for businesses and individuals to back up and preserve their data. With the growing variety of cloud platforms—from classic corporate private and new public clouds to personal clouds in homes—the need for SSDs has been constantly expanding. SSDs featuring new interfaces such as PCIe, NVMe, and others have emerged as a result of technological improvements in solid state storage. PCIe SSDs for cloud computing is becoming more popular due to improved capabilities such as high speed and quick data access. New PCIe SSDs provide excellent performance with low latency and high frequency. A solid-state drive with these capabilities is necessary for a variety of sophisticated activities in data-sensitive businesses like financial services, medical sciences, and energy management, where each microsecond of latency results in a significant revenue loss. Solid-state drives, or SSDs as they are more frequently known, are storage devices that rely on memory. Traditional hard disc drives differ from SSDs in that they lack magnetic storage and, more significantly, moving parts. Hard drives are constantly in use in environments like cloud storage, where data is read at a fast pace, making them more susceptible to failure. Several big firms manage their cloud platforms and respond to the increased demand for SSDs among their clients. For example, Google employs permanent SSD storage for compute engine users in open beta, delivering high-input/output operations per second (IOPS) and allowing Google cloud platform customers to use SSDs faster on workloads. In comparison to standard magnetic media, these activities allow faster input/output (I/O) delivery and are less redundant. Facebook Inc. employs PCIe flash cards instead of hard drives for its MySQL databases to take advantage of FusionIO's logging system, which preserves data in the event of a power outage. When compared to HDD storage, this has resulted in a 50 percent reduction in latency and a 33 percent increase in throughput. SSDs aid in the reduction of infrastructure costs and the improvement of response times. So, increasing penetration of high-end cloud computing is expected to fuel the North America market growth.
In case of COVID-19, North America is highly affected specially the US. COVID-19 has impacted manufacturing businesses in the region in four critical areas, such as supply chain/operations, workforce, 2020 investments, and product offering. QTS Metro Data Center; Lakeside Technology Center; Utah Data Center; DFT Data Center; Switch SuperNAP; and The Citadel (US) are few largest data centers of the country. As data centers are the prominent end users of SSDs owing to growing cloud services, the demand for SSD storage devices witnessed increasing trend in 2020 and during first half of 2021. The above-mentioned factors had positively accelerated the SSDs adoption during COVID-19 pandemic in 2020.
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 North America solid state drives (SSD) market. The North America solid state drives (SSD) market is expected to grow at a good CAGR during the forecast period.
North America Solid State Drives (SSD) Market Revenue and Forecast to 2029 (US$ Million)
North America Solid State Drives (SSD) Market Segmentation
North America Solid State Drives (SSD) Market – By Type
- Internal
- External
North America Solid State Drives (SSD) Market – By Technology
- Single Level Cell
- Multi-Level Cell
- Triple Level Cell
North America Solid State Drives (SSD) Market – By Storage
- Under 500 GB
- 500 GB – 1TB
- 1TB – 2 TB
- Above 2 TB
North America Solid State Drives (SSD) Market – By End-User
- Industrial
- Enterprise
- Consumer
North America Solid State Drives (SSD) Market, by Country
- US
- Canada
- Mexico
North America 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. North America SSD Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America SSD Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Penetration of High-End Cloud Computing
5.1.2 Adoption in Data Center Applications
5.2 Market Restraints
5.2.1 Overpriced & Small Life Span of SSDs
5.3 Market Opportunities
5.3.1 Rising 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 – North America Analysis
6.1 North America SSD Market Overview
6.2 North America SSD Market –Revenue and Forecast to 2029 (US$ Million)
7. North America SSD Market Analysis – By Type
7.1 Overview
7.2 North America 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. North America SSD Market Analysis – By Technology
8.1 Overview
8.2 North America 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. North America SSD Market Analysis – By Storage
9.1 Overview
9.2 North America 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. North America SSD Market Analysis – By End-User
10.1 Overview
10.2 North America 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. North America SSD Market – Country Analysis
11.1 Overview
11.1.1 North America: Solid State Drives Market, By Country
11.1.1.1 US: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
11.1.1.1.1 US: Solid State Drives Market, By Type
11.1.1.1.2 US: Solid State Drives Market, By Technology
11.1.1.1.3 US: Solid State Drives Market, By Storage
11.1.1.1.4 US: Solid State Drives Market, By End-User
11.1.1.2 Canada: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
11.1.1.2.1 Canada: Solid State Drives Market, By Type
11.1.1.2.2 Canada: Solid State Drives Market, By Technology
11.1.1.2.3 Canada: Solid State Drives Market, By Storage
11.1.1.2.4 Canada: Solid State Drives Market, By End-User
11.1.1.3 Mexico: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
11.1.1.3.1 Mexico: Solid State Drives Market, By Type
11.1.1.3.2 Mexico: Solid State Drives Market, By Technology
11.1.1.3.3 Mexico: Solid State Drives Market, By Storage
11.1.1.3.4 Mexico: Solid State Drives Market, By End-User
12. North America SSD Market- COVID-19 Impact Analysis
12.1 North America
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 Microsemi 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. North America SSD Market – Revenue, and Forecast to 2029 (US$ Million)
Table 2. North America Solid State Drives Market, by Country – Revenue and Forecast to 2029 (USD Million)
Table 3. US Solid State Drives Market, By Type – Revenue and Forecast to 2029 (US$ Million)
Table 4. US Solid State Drives Market, By Storage – Revenue and Forecast to 2029 (US$ Million)
Table 5. US Solid State Drives Market, By End-User – Revenue and Forecast to 2029 (US$ Million)
Table 6. Canada Solid State Drives Market, By Type – Revenue and Forecast to 2029 (US$ Million)
Table 7. Canada Solid State Drives Market, By Technology – Revenue and Forecast to 2029 (US$ Million)
Table 8. Canada Solid State Drives Market, By Storage – Revenue and Forecast to 2029 (US$ Million)
Table 9. Canada Solid State Drives Market, By End-User – Revenue and Forecast to 2029 (US$ Million)
Table 10. Mexico Solid State Drives Market, By Type – Revenue and Forecast to 2029 (US$ Million)
Table 11. Mexico Solid State Drives Market, By Technology – Revenue and Forecast to 2029 (US$ Million)
Table 12. Mexico Solid State Drives Market, By Storage – Revenue and Forecast to 2029 (US$ Million)
Table 13. Mexico Solid State Drives Market, By End-User – Revenue and Forecast to 2029 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. North America SSD Market Segmentation
Figure 2. North America SSD Market Segmentation – By Country
Figure 3. North America 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. The US Held the Largest Market Share in 2021
Figure 7. North America – PEST Analysis
Figure 8. North America SSD Market– Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. North America SSD Market Impact Analysis of Drivers and Restraints
Figure 11. North America SSD Market – Revenue and Forecast to 2029 (US$ Million)
Figure 12. North America SSD Market Revenue Share, By Type (2021 and 2029)
Figure 13. North America External: SSD Market Revenue and Forecast to 2029 (US$ million)
Figure 14. North America Internal: SSD Market Revenue and Forecast to 2029 (US$ million)
Figure 15. North America SSD Market Revenue Share, by Technology (2021 and 2029)
Figure 16. North America SLC: SSD Market – Revenue and Forecast to 2029 (US$ million)
Figure 17. North America MLC: SSD Market– Revenue and Forecast to 2029 (US$ million)
Figure 18. North America TLC: SSD Market– Revenue and Forecast to 2029 (US$ million)
Figure 19. North America SSD Market Revenue Share, by Storage (2021 and 2029)
Figure 20. North America Under 500 GB: SSD Market – Revenue and Forecast to 2029 (US$ million)
Figure 21. North America 500 GB - 1 TB: SSD Market– Revenue and Forecast to 2029 (US$ million)
Figure 22. North America 1 TB - 2 TB: SSD Market– Revenue and Forecast to 2029 (US$ million)
Figure 23. North America Above 2 TB: SSD Market– Revenue and Forecast to 2029 (US$ million)
Figure 24. North America SSD Market Revenue Share, by End-User (2021 and 2029)
Figure 25. North America Industrial: SSD Market – Revenue and Forecast to 2029 (US$ million)
Figure 26. North America Enterprise: SSD Market– Revenue and Forecast to 2029 (US$ million)
Figure 27. North America Consumer: SSD Market– Revenue and Forecast to 2029 (US$ million)
Figure 28. North America: Solid State Drives Market Revenue Overview, by Country (2021) (US$ Mn)
Figure 29. North America: Solid State Drives Market Revenue Share, By Country (2021 and 2029)
Figure 30. US: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
Figure 31. Canada: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
Figure 32. Mexico: Solid State Drives Market – Revenue and Forecast to 2029 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic on Solid State Drives Market in North American Countries
- 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 North America 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 North America 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 North America 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