LAMEA Solid State Drive (SSD) Market Size, Share & Trends Analysis Report By Type (Internal and External), By Storage, By Country and Growth Forecast, 2024 - 2031

The Latin America, Middle East and Africa Solid State Drive (SSD) Market would witness market growth of 17.4% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA Solid State Drive (SSD) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,166.7 Million by 2031. The Argentina market is showcasing a CAGR of 19% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 16.3% during (2024 - 2031).

Initially, SSDs were significantly more expensive than HDDs on a per-gigabyte basis. However, due to advancements in manufacturing technology, economies of scale, and increased competition, the cost of SSDs has steadily decreased. As a result, SSDs are now more affordable and accessible to a broader range of consumers and businesses. This has been a major factor driving widespread adoption, particularly in consumer electronics.

With growing concerns over energy consumption and sustainability, SSDs are becoming preferred in both consumer and enterprise environments. SSDs consume significantly less power than HDDs, resulting in lower operational costs and improved battery life for mobile devices. This energy efficiency has made SSDs especially appealing for data centers, where energy consumption is a critical concern.

South Africa’s robust electronics manufacturing sector, contributing R90 billion annually and accounting for 4% of the country’s total manufacturing output, is a strong foundation for the market. The production of electrotechnical equipment, including consumer electronics, industrial systems, and IT hardware, drives local demand for advanced storage solutions like SSDs. The UAE’s emergence as a leading data center hub in the Middle East, with projected investments of up to $1 billion by 2026 and an average growth rate of 3.43% between 2022 and 2027, significantly boosts the market. Data centers are major consumers of SSDs due to their need for high-speed, reliable storage to manage vast amounts of data efficiently. The planned expansion of data center infrastructure in the UAE, driven by increasing cloud adoption, e-commerce, and smart city initiatives, further accelerates SSD demand. In conclusion, the rising electronics manufacturing industry in South Africa and the rapid expansion of data centers in the UAE are pivotal drivers for the market in their respective regions.

Free Valuable Insights: The Worldwide Solid State Drive (SSD) Market is Projected to reach USD 59.20 Billion by 2031, at a CAGR of 15.7%

Based on Type, the market is segmented into Internal and External. Based on Storage, the market is segmented into 120GB-320GB, 320GB-500GB, Under 120 GB, 500GB-1TB, Above 2TB, and 1TB-2TB. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

• Samsung Electronics Co., Ltd. (Samsung Group)
• Seagate Technology LLC
• Toshiba Corporation
• Micron Technology, Inc.
• Western Digital Corporation
• Transcend Information, Inc.
• Kingston Technology Company, Inc.
• SK Hynix Inc.
• Microsemi Corporation (Microchip Technology)
• ADATA Technology Co., Ltd.

LAMEA Solid State Drive (SSD) Market Report Segmentation

By Type

• Internal
• External

By Storage

• 120GB-320GB
• 320GB-500GB
• Under 120 GB
• 500GB-1TB
• Above 2TB
• 1TB-2TB

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Solid State Drive (SSD) Market, by Type
1.4.2 LAMEA Solid State Drive (SSD) Market, by Storage
1.4.3 LAMEA Solid State Drive (SSD) Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Jun – 2024, Nov) Leading Players
4.5 Porter Five Forces Analysis

Chapter 5. LAMEA Solid State Drive (SSD) Market by Type
5.1 LAMEA Internal Market by Country
5.2 LAMEA External Market by Country

Chapter 6. LAMEA Solid State Drive (SSD) Market by Storage
6.1 LAMEA 120GB-320GB Market by Country
6.2 LAMEA 320GB-500GB Market by Country
6.3 LAMEA Under 120 GB Market by Country
6.4 LAMEA 500GB-1TB Market by Country
6.5 LAMEA Above 2TB Market by Country
6.6 LAMEA 1TB-2TB Market by Country

Chapter 7. LAMEA Solid State Drive (SSD) Market by Country
7.1 Brazil Solid State Drive (SSD) Market
7.1.1 Brazil Solid State Drive (SSD) Market by Type
7.1.2 Brazil Solid State Drive (SSD) Market by Storage
7.2 Argentina Solid State Drive (SSD) Market
7.2.1 Argentina Solid State Drive (SSD) Market by Type
7.2.2 Argentina Solid State Drive (SSD) Market by Storage
7.3 UAE Solid State Drive (SSD) Market
7.3.1 UAE Solid State Drive (SSD) Market by Type
7.3.2 UAE Solid State Drive (SSD) Market by Storage
7.4 Saudi Arabia Solid State Drive (SSD) Market
7.4.1 Saudi Arabia Solid State Drive (SSD) Market by Type
7.4.2 Saudi Arabia Solid State Drive (SSD) Market by Storage
7.5 South Africa Solid State Drive (SSD) Market
7.5.1 South Africa Solid State Drive (SSD) Market by Type
7.5.2 South Africa Solid State Drive (SSD) Market by Storage
7.6 Nigeria Solid State Drive (SSD) Market
7.6.1 Nigeria Solid State Drive (SSD) Market by Type
7.6.2 Nigeria Solid State Drive (SSD) Market by Storage
7.7 Rest of LAMEA Solid State Drive (SSD) Market
7.7.1 Rest of LAMEA Solid State Drive (SSD) Market by Type
7.7.2 Rest of LAMEA Solid State Drive (SSD) Market by Storage

Chapter 8. Company Profiles
8.1 Samsung Electronics Co., Ltd. (Samsung Group)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 Seagate Technology LLC
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Partnerships, Collaborations, and Agreements:
8.2.2.2 Product Launches and Product Expansions:
8.2.3 SWOT Analysis
8.3 Toshiba Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research and Development Expense
8.3.5 SWOT Analysis
8.4 Transcend Information, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expenses
8.5 Kingston Technology Company, Inc.
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Product Launches and Product Expansions:
8.5.3 SWOT Analysis
8.6 Western Digital Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 Micron Technology, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Product Launches and Product Expansions:
8.7.6 SWOT Analysis
8.8 SK hynix, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 SWOT Analysis
8.9 Microsemi Corporation (Microchip Technology Inc.)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 SWOT Analysis
8.10. ADATA Technology Co., Ltd.
8.10.1 Company Overview

TABLE 1 LAMEA Solid State Drive (SSD) Market, 2020 - 2023, USD Million
TABLE 2 LAMEA Solid State Drive (SSD) Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Solid State Drive (SSD) Market
TABLE 4 Product Launches And Product Expansions– Solid State Drive (SSD) Market
TABLE 5 LAMEA Solid State Drive (SSD) Market by Type, 2020 - 2023, USD Million
TABLE 6 LAMEA Solid State Drive (SSD) Market by Type, 2024 - 2031, USD Million
TABLE 7 LAMEA Internal Market by Country, 2020 - 2023, USD Million
TABLE 8 LAMEA Internal Market by Country, 2024 - 2031, USD Million
TABLE 9 LAMEA External Market by Country, 2020 - 2023, USD Million
TABLE 10 LAMEA External Market by Country, 2024 - 2031, USD Million
TABLE 11 LAMEA Solid State Drive (SSD) Market by Storage, 2020 - 2023, USD Million
TABLE 12 LAMEA Solid State Drive (SSD) Market by Storage, 2024 - 2031, USD Million
TABLE 13 LAMEA 120GB-320GB Market by Country, 2020 - 2023, USD Million
TABLE 14 LAMEA 120GB-320GB Market by Country, 2024 - 2031, USD Million
TABLE 15 LAMEA 320GB-500GB Market by Country, 2020 - 2023, USD Million
TABLE 16 LAMEA 320GB-500GB Market by Country, 2024 - 2031, USD Million
TABLE 17 LAMEA Under 120 GB Market by Country, 2020 - 2023, USD Million
TABLE 18 LAMEA Under 120 GB Market by Country, 2024 - 2031, USD Million
TABLE 19 LAMEA 500GB-1TB Market by Country, 2020 - 2023, USD Million
TABLE 20 LAMEA 500GB-1TB Market by Country, 2024 - 2031, USD Million
TABLE 21 LAMEA Above 2TB Market by Country, 2020 - 2023, USD Million
TABLE 22 LAMEA Above 2TB Market by Country, 2024 - 2031, USD Million
TABLE 23 LAMEA 1TB-2TB Market by Country, 2020 - 2023, USD Million
TABLE 24 LAMEA 1TB-2TB Market by Country, 2024 - 2031, USD Million
TABLE 25 LAMEA Solid State Drive (SSD) Market by Country, 2020 - 2023, USD Million
TABLE 26 LAMEA Solid State Drive (SSD) Market by Country, 2024 - 2031, USD Million
TABLE 27 Brazil Solid State Drive (SSD) Market, 2020 - 2023, USD Million
TABLE 28 Brazil Solid State Drive (SSD) Market, 2024 - 2031, USD Million
TABLE 29 Brazil Solid State Drive (SSD) Market by Type, 2020 - 2023, USD Million
TABLE 30 Brazil Solid State Drive (SSD) Market by Type, 2024 - 2031, USD Million
TABLE 31 Brazil Solid State Drive (SSD) Market by Storage, 2020 - 2023, USD Million
TABLE 32 Brazil Solid State Drive (SSD) Market by Storage, 2024 - 2031, USD Million
TABLE 33 Argentina Solid State Drive (SSD) Market, 2020 - 2023, USD Million
TABLE 34 Argentina Solid State Drive (SSD) Market, 2024 - 2031, USD Million
TABLE 35 Argentina Solid State Drive (SSD) Market by Type, 2020 - 2023, USD Million
TABLE 36 Argentina Solid State Drive (SSD) Market by Type, 2024 - 2031, USD Million
TABLE 37 Argentina Solid State Drive (SSD) Market by Storage, 2020 - 2023, USD Million
TABLE 38 Argentina Solid State Drive (SSD) Market by Storage, 2024 - 2031, USD Million
TABLE 39 UAE Solid State Drive (SSD) Market, 2020 - 2023, USD Million
TABLE 40 UAE Solid State Drive (SSD) Market, 2024 - 2031, USD Million
TABLE 41 UAE Solid State Drive (SSD) Market by Type, 2020 - 2023, USD Million
TABLE 42 UAE Solid State Drive (SSD) Market by Type, 2024 - 2031, USD Million
TABLE 43 UAE Solid State Drive (SSD) Market by Storage, 2020 - 2023, USD Million
TABLE 44 UAE Solid State Drive (SSD) Market by Storage, 2024 - 2031, USD Million
TABLE 45 Saudi Arabia Solid State Drive (SSD) Market, 2020 - 2023, USD Million
TABLE 46 Saudi Arabia Solid State Drive (SSD) Market, 2024 - 2031, USD Million
TABLE 47 Saudi Arabia Solid State Drive (SSD) Market by Type, 2020 - 2023, USD Million
TABLE 48 Saudi Arabia Solid State Drive (SSD) Market by Type, 2024 - 2031, USD Million
TABLE 49 Saudi Arabia Solid State Drive (SSD) Market by Storage, 2020 - 2023, USD Million
TABLE 50 Saudi Arabia Solid State Drive (SSD) Market by Storage, 2024 - 2031, USD Million
TABLE 51 South Africa Solid State Drive (SSD) Market, 2020 - 2023, USD Million
TABLE 52 South Africa Solid State Drive (SSD) Market, 2024 - 2031, USD Million
TABLE 53 South Africa Solid State Drive (SSD) Market by Type, 2020 - 2023, USD Million
TABLE 54 South Africa Solid State Drive (SSD) Market by Type, 2024 - 2031, USD Million
TABLE 55 South Africa Solid State Drive (SSD) Market by Storage, 2020 - 2023, USD Million
TABLE 56 South Africa Solid State Drive (SSD) Market by Storage, 2024 - 2031, USD Million
TABLE 57 Nigeria Solid State Drive (SSD) Market, 2020 - 2023, USD Million
TABLE 58 Nigeria Solid State Drive (SSD) Market, 2024 - 2031, USD Million
TABLE 59 Nigeria Solid State Drive (SSD) Market by Type, 2020 - 2023, USD Million
TABLE 60 Nigeria Solid State Drive (SSD) Market by Type, 2024 - 2031, USD Million
TABLE 61 Nigeria Solid State Drive (SSD) Market by Storage, 2020 - 2023, USD Million
TABLE 62 Nigeria Solid State Drive (SSD) Market by Storage, 2024 - 2031, USD Million
TABLE 63 Rest of LAMEA Solid State Drive (SSD) Market, 2020 - 2023, USD Million
TABLE 64 Rest of LAMEA Solid State Drive (SSD) Market, 2024 - 2031, USD Million
TABLE 65 Rest of LAMEA Solid State Drive (SSD) Market by Type, 2020 - 2023, USD Million
TABLE 66 Rest of LAMEA Solid State Drive (SSD) Market by Type, 2024 - 2031, USD Million
TABLE 67 Rest of LAMEA Solid State Drive (SSD) Market by Storage, 2020 - 2023, USD Million
TABLE 68 Rest of LAMEA Solid State Drive (SSD) Market by Storage, 2024 - 2031, USD Million
TABLE 69 Key Information – Samsung Electronics Co., Ltd.
TABLE 70 Key Information – Seagate Technology LLC
TABLE 71 Key Information – Toshiba Corporation
TABLE 72 key information – Transcend Information, Inc.
TABLE 73 Key Information – Kingston Technology Company, Inc.
TABLE 74 Key Information – Western Digital Corporation
TABLE 75 key information – Micron Technology, Inc.
TABLE 76 key information – SK hynix, Inc.
TABLE 77 Key Information – Microsemi Corporation
TABLE 78 Key information – ADATA Technology Co., Ltd.

List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Solid State Drive (SSD) Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Solid State Drive (SSD)Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Product Launches and Product Expansions: 2020, Jun – 2024, Nov) Leading Players
FIG 8 Porter’s Five Forces Analysis – Solid State Drive (SSD) Market
FIG 9 LAMEA Solid State Drive (SSD) Market share by Type, 2023
FIG 10 LAMEA Solid State Drive (SSD) Market share by Type, 2031
FIG 11 LAMEA Solid State Drive (SSD) Market by Type, 2020 - 2031, USD Million
FIG 12 LAMEA Solid State Drive (SSD) Market share by Storage, 2023
FIG 13 LAMEA Solid State Drive (SSD) Market share by Storage, 2031
FIG 14 LAMEA Solid State Drive (SSD) Market by Storage, 2020 - 2031, USD Million
FIG 15 LAMEA Solid State Drive (SSD) Market share by Country, 2023
FIG 16 LAMEA Solid State Drive (SSD) Market share by Country, 2031
FIG 17 LAMEA Solid State Drive (SSD) Market by Country, 2020 - 2031, USD Million
FIG 18 SWOT Analysis: Samsung Electronics Co., Ltd.
FIG 19 Recent strategies and developments: Seagate Technology LLC
FIG 20 SWOT Analysis: SEAGATE TECHNOLOGY LLC
FIG 21 SWOT Analysis: Toshiba Corporation
FIG 22 SWOT Analysis: Kingston Technology Company, Inc.
FIG 23 SWOT Analysis: WESTERN DIGITAL CORPORATION
FIG 24 SWOT Analysis: Micron Technology, Inc.
FIG 25 SWOT Analysis: SK Hynix, Inc.
FIG 26 SWOT Analysis: Microchip Technology Incorporated