The Solid State Drive (SSD) Market is Predict to reach USD 59.20 Billion by 2031, at a CAGR of 15.7%

Solid State Drive (SSD) Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Solid State Drive (SSD) Market size is expected to reach $59.20 billion by 2031, rising at a market growth of 15.7% CAGR during the forecast period.

Several emerging trends are shaping the future of the market, including technological advancements, changing consumer preferences, and evolving industry needs. 3D NAND is an advanced memory architecture that allows memory cells to be stacked vertically, enabling higher storage densities and faster performance. The adoption of 3D NAND technology is expected to enhance SSD performance further, reduce costs, and increase the overall lifespan of SSDs.

The Internal segment led the maximum revenue in the Global Solid State Drive (SSD) Market by Type in 2023, thereby, achieving a market value of $38.8 billion by 2031. The dominance of this segment is primarily driven by the increasing demand for high-performance storage solutions in laptops, desktop computers, and gaming consoles. Internal SSDs offer faster data access speeds, higher reliability, and lower power consumption, making them an attractive option for consumers and enterprises.

The 120GB-320GB segment is growing at a CAGR of 14.4 % during the forecast period. This range of SSDs is popular for budget-conscious consumers and basic computing needs, such as light office work, web browsing, and operating systems and applications storage. The affordability of these drives, combined with the advantages of SSD technology, has contributed to their widespread adoption in entry-level laptops, desktops, and budget-friendly devices.

Full Report: https://www.kbvresearch.com/solid-state-drive-market/

The North America region dominated the Global Solid State Drive (SSD) Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $21.7 billion by 2031. The Europe region is anticipated to grow at a CAGR of 15.5% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 16.6% during (2024 - 2031).

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.

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 Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Solid State Drive (SSD) Market Size | 2031

• January-2025
• 106 Pages

LAMEA Solid State Drive (SSD) Market Size | Forecast 2031

• January-2025
• 112 Pages

Europe Solid State Drive (SSD) Market Size | Trends 2031

• January-2025
• 112 Pages

Asia Pacific Solid State Drive (SSD) Market Size | 2031

• January-2025
• 112 Pages