The North America Solid State Drive (SSD) Market would witness market growth of 14.9% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $15,549.6 Million by 2031. The Canada market is experiencing a CAGR of 17.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 16.4% during (2024 - 2031).
The solid state drive (SSD) market has witnessed rapid growth and transformation over the last decade, becoming a core component of modern computing and storage solutions. As industries and consumers demand faster, more reliable, and energy-efficient storage, SSDs have become a preferred choice over traditional Hard Disk Drives (HDDs) for various applications.
SSDs have become an essential part of many devices. These applications leverage the advantages of SSDs, such as speed, efficiency, and reliability, to optimize performance and drive innovation in multiple sectors. SSDs are now ubiquitous in consumer devices. Laptops and desktop computers, for instance, have largely replaced HDDs with SSDs due to the latter’s superior speed and durability.
The growth of manufacturing revenues in Canada directly supports the adoption of SSDs in consumer and industrial applications. The increased production and revenue in the computer and electronics industry suggest a higher integration of advanced components like SSDs, which enhance product competitiveness through faster performance, greater reliability, and energy efficiency. In addition, the USA is home to some of the largest data center operations in the world, including those managed by companies like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. These data centers require SSDs for their superior speed and reliability in handling large-scale data storage and retrieval. For example, Facebook (Meta) recently expanded its data center infrastructure, integrating high-capacity SSDs to optimize performance and energy efficiency. Hence, in both Canada and the USA, the steady growth of the electronics industry, coupled with advancements in technology, underscores the region’s critical role in shaping the market.
Free Valuable Insights: The Solid State Drive (SSD) Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
By Type
By Storage
By Country
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