The advanced technologies in solid-state storage increase the SSDs with new edges like NVMe and PCle. Quick data and high-speed access improved features are inspiring the acceptance of PCle SSDs for cloud computing which is projected to drive the global market during the assessment period.
Design complexity and limited storage space are the challenging factors of the SSD controllers market.
SSD Controller Global Market, USD Billion
Source: MRFR Analysis
The global SSD Controller market growth has been divided into segments based on type, storage, application, and region.
Based on Type
Globally, the SSD controller type is segmented into Single-level cells (SLC), multi-level cells (MLC), triple-level cells (TLC). The multi-level cells are predicted to dominate the SSD controller market share during the forecast period due to the augmented production works of the new technologies like 3D Flash and MLC. MLC’s inferior cost per unit of storage is less due to higher data density. Apart, it is a cheaper substitute than a single-level cell and provides better performance.
Based on Storage
Based on storage, the SSD controller market system is sub-segmented into SATA, SAS, PCIe. Out of these storage devices, SATA leads the SSD controller market and is projected to continue its dominance during the review period for the benefits like faster data transfer through high signaling rates, lower cost & cable size, and high efficient transfer through an I/O queuing protocol. Further, the PCle storage device is expected to grow at a huge pace during the forecast period.
Based on Application
Based on the application, the SSD controller market software is bifurcated into the data center, enterprise, client, and retail. Among them, in 2018, the data center segment is dominating the global market and is expected to exhibit significant growth in the market during the forecast period due to the growing demand for the controllers in the growing data center facilities.
Based on Region
The global SSD controller market is classified into Asia-Pacific, Europe, the Middle East & Africa, Central, and South America, and North America, which are the main geographies included in this market. Out of these, North America holds the largest market share for the SSD controller market due to the rise in cloud computing, and growing adoption of SSD controller technology in advanced computing systems in this region.
The SSD controller global market based on regions is divided into Europe, Asia-Pacific, North America, Central & South America, and the Middle East & Africa. Among these regions, North America holds the largest SSD controller market share for the rise in cloud computing, growing adoption of SSD controller technology in advanced computing systems, and proliferating large data analytics are the factors that lead this region to the growth of the market. This SSD controller technology is mostly applied in data centers.
Asia-Pacific is predicted to grow a significant CAGR during the review period for creating immense opportunities by the emerging countries present in this region like Japan, China, and South Korea for increasing the growth of the SSD controller market. Due to the demand from the automotive sector, Europe is expected to witness high demand for the SSD controller market.
The prominent key players in the SSD Controller market trends are the following:
In August 2019, one of the major key player Western Digital manufactured two advanced technology developments 96-layer 3D flash NVMe SSD families, named the Ultrastar DC SN 640 and Ultrastar DC SN 340. These both are used for either mixed-use-case workloads or very read-intensive applications.
Marvell launched its latest NVM Express solid-state drive controller family for mainstream and high-performance PC client and edge computing SSDs in June 2018.
This global SSD Controller market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the market drivers, restraints, challenges, and opportunities. The SSD Controller forecast segments are type, storage, application, and region.
The SSD Controller market trends have been segmented globally based on the type, storage, application, and region.
These have been segmented into single-level cells, multi-level cells, and triple-level cells.
SATA, SAS, PCIe.
Datacenter, enterprise, client, and retail.
Asia-Pacific, Europe, the Middle East & Africa, Central, and South America, and North America, are the main geographies included in this market.
|Market Size||USD 57.2 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Market Opportunities||The rise in cloud-based computing and growth of big data analytics technology.|
|Key Market Drivers||
The surging demand for the rise in demand for cloud-based data centers is predicted to boost the market on a global level.
The market is expected to be impacted by sudden changes in the global economy in the forecast period.
The widespread implementation of SSD controller technology in the North American region is expected to elevate the regions standing to the top position.
A CAGR of 15.30% is expected to instigate a lucrative level of growth in the market.
Intel (US), Toshiba (Japan), Samsung (South Korea), Phison Electronics Corporation (Taiwan), Micron Technology, Inc. (US), Western Digital (US), NetApp (US) and IBM (US) are a few of the notable players in the market.