SSD Controller Market Size to Surpass USD 57.2 Billion by 2030, rise in demand for cloud-based data centers
Sep 22, 2022
SSD Controller Market Overview:
According to the MRFR research reports, SSD Controller Market Research Report: by Type, Application, Storage Interface, and Region- Forecast till 2030, the SSD controllers’ market is anticipated to achieve a size of approximately USD 57.2 Billion by the end of 2030. The report further predicts that the market will thrive at a substantial CAGR of over 15.30% during the assessment period from 2020 to 2030.
Market Scope: SSD controller is the solid-state drive controller. This SSD controller comprises electronics connecting the flash memory elements to the SSD output and input lines. This is also known as a processor. A single integrated circuit powers conventional SSD controllers to insert the processor containing a RAM, ROM, and 32-bit microcontroller. The integrated CPU offers brilliant performance with these controllers while needing minimal power. These controllers are electrical components included in a single integrated circuit (IC). SSD controller embedded processors deploy microcontrollers with 16 or 32 bits. The primary kinds of SSD controllers are triple-level, multi-level, and single-level cells. The global market for SSD controllers has been overgrown in the last few years. The primary aspect causing a rise in the market’s growth is the rising demand for cloud-based data centers. Furthermore, the aspects such as growing demand for data centers, enterprise rents infrastructure maintained by a third-party partner, and the need for data storage are also anticipated to influence the market’s growth over the coming years.
Market Size in 2030
USD 57.2 Billion
CAGR of 15.30% from 2022 to 2030
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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The list of crucial players across the global market for SSD controllers includes companies such as:
- ADATA Technology Co., Ltd. (Taiwan)
- NetApp (US)
- Marvell Technology Group (UK)
- IBM (US)
- Samsung (South Korea)
- Phison Electronics Corporation (Taiwan)
- Intel (US)
- Silicon Motion Technology Corporation (Taiwan)
- Toshiba (Japan)
- SandForce (US)
- Western Digital (US)
- OCZ (US)
- Micron Technology, Inc. (US)
- CNEX Labs, Inc. (US)
- Foremay (US)
- Realtek Semiconductor Corp. (Taiwan)
Market USP Covered
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The global market for SSD controllers has exhibited massive growth in recent years owing to the aspects such as the revolution in electronic storage, low power consumption, and rising cloud-based data centers.
On the other hand, the high dependence on the end products is anticipated to restrict the market’s growth.
The growth of the pandemic across the globe has led to causing massive disruptions in financial and industrial activities in recent times. Like all the market areas, the global market for SSDD controllers has also faced several unexpected challenges. On the other hand, with the rapid vaccination rates across the globe, industrial activities are returning to normal. With the rapid growth in data centers across the globe, the global market for SSD controllers is anticipated to exhibit substantial growth over the coming years.
Among all the types, the multi-level cells segment is predicted to secure the top position across the global market for SSD controllers over the review era. The elevated production works of the new technologies, such as MLC and 3D Flash, are the primary parameter supporting the segment’s growth.
Among all the storage capacities, the SATA segment is likely to hold the top position across the global market for SSD controllers over the coming years. the advantages offered by the SATA segment such as highly efficient transfer, lower cost & cable size, and faster data transfer using high signaling rates is the main parameter boosting the growth of the segment. On the other hand, the PCle storage segment is anticipated to grow substantially over the coming years.
Among all the application areas, the data center segment is predicted to lead the global market for SSD controllers over the review timeframe. The rising demand for controllers in the growing data center facilities primarily boosts the segment’s growth.
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The global market for SSD controllers is analyzed across the major regions such as South America, North America, the Middle East & Africa, Europe, and Asia-Pacific.
According to the research reports by MRFR, the North American region is anticipated to dominate the global market for SSD controllers over the coming years. the growth in cloud computing across the region is the prime aspect causing a significant surge in the regional market’s growth. Furthermore, the rapid adoption of SSD controller technology across advanced computing systems is another prime aspect likely to propel the regional market’s growth over the forecasted era. In addition, the proliferating extensive data analytics is also anticipated to influence the regional market’s growth over the review timeframe. The SSD controllers are implemented across data center, thus the growing number of data center across the region is anticipated to catalyze the demand for SSD controllers over the review timeframe.
The SSD controller market for the Asia-Pacific region is predicted to exhibit the highest CAGR over the coming years. the growing demand for these controllers produces massive opportunities for the developing nations across the region, such as South Korea, China, and Japan, the primary parameter supporting the growth of the regional market. Furthermore, the expansion of the IT sector across the region is also predicted to influence the regional market’s growth over the review timeframe.
The European region’s SSD controllers’ market is predicted to witness substantial growth over the review timeframe. The rising demand from the automotive sector is the prime parameter supporting regional market growth.
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