Solid State Drive (SSD) Market Size, Share & Trends Report

Solid State Drive (SSD) Market Size, Share & Trends Analysis Report By Type (External, Internal), By Storage, By End Use (Enterprise, Client), By Region, Competitive Landscape, And Segment Forecasts, 2018 - 2025

  • Published Date: Feb, 2018
  • Base Year for Estimate: 2016
  • Report ID: GVR-2-68038-328-7
  • Format: Electronic (PDF)
  • Historical Data: 2014-2016
  • Number of Pages: 100

Industry Insights

The global solid state drive market size was valued at USD 7.51 billion in 2016. The market is projected to gain traction over the forecast period, due to factors such as advantages of solid state drives (SSDs) over hard disk drives (HDDs), high reliability and performance efficiency, and increasing usage of SSDs in data centers.

U.S. SSD market

Regional regulations such as European Union’s Waste Electrical and Electronic Equipment (WEEE) and Restriction of Hazardous Substances (RoHS) and international standards such as ISO/IEC 27001:2013 and ISO/IEC 27002:2013 monitor and control data security. SSD manufacturers also focus on environmental regulations related to recycling. In U.K., the Data Protection Act ensures that personal data is accessible solely to concerned individuals or organizations.

Rising penetration of the Internet, growing online commerce industry, digitalization of day-to-day activities, and increasing volume of media data transfer are expected to drive the market. The average household’s storage capacity is expected to increase over the coming years due to popularity of smartphones and tablets, which has allowed consumers to generate large volumes of digital data and content. Increasing resolution of images and movies has also led to creation of large volumes of digital data and content. This has led to growing demand for sufficient capacity to store content.  

Storage Insights

Based on storage type, the market can be segmented into under 120 GB, 120GB–320GB, 320GB–500GB, 500GB–1TB, 1TB–2TB, and above 2TB. SSD storage is gaining popularity due to its unique performance and mechanical characteristics. An SSD is expensive; however, most applications run efficiently on SSDs. Users and enterprises prefer SSDs owing to constantly rising demand for data storage.

The primary components of a solid state drive include a controller and memory module. Currently, most SSD manufactures use NAND flash-based memory, owing to benefits such as low cost and non-volatility, as compared to dynamic random-access memory.

End-use Insights

Based on end use, the market is segmented into enterprise and client. Based on size, the enterprise segment is further categorized into small, medium, and large. A large number of enterprise applications require high reliability, constant uptime, high-performance storage devices, power efficiency, and high throughput. SSDs address all these requirements in an enterprise.

Massive amounts of digital data and content generation and transfer and need for reliable and fast data storage options have elevated the demand for SSDs, for personal (client) as well as professional (enterprise) use. Demand for usage in the client segment is high as users prefer fast and large data storage options. Growing use of SSDs in laptops, personal computers, tablets, and smartphones is further driving the client segment.

Increasing adoption of solid state drives in data centers is a result of various factors such as greater efficiency compared to traditional HDD storage, increased demand for storage infrastructure, and advancements in enterprise-level SSD in terms of reliability and performance. Enterprises prefer SSDs because they consume less energy, allow for reduction in sprawl, and result in a smaller environmental footprint.

Type Insights

Based on type, the solid state drive market is segmented into external and internal SSD. Solid state drives can be either installed inside computers, laptops, and tablets or can be used as external devices for data storage. Internal SSDs have better and faster performance in a USB enclosure, as compared to an external one. The use of external SSDs is increasing owing to better portability.

Global SSD market

Global storage capacity per household is increasing due intense use of social media, soaring data transfer, and high amounts of media content generated. As a result, smartphone manufactures are installing SSDs inside mobile devices. An internal SSD is faster and cheaper; however, users arerequired to use an interface for conversion and a power source for using the drive portably. An external SSD is relatively slower and more expensive but can be attached/connected to systems/devices via USB or FireWire. It is portable; however, it may hamper the performance of a system due to its slow speed.

Regional Insights

Based on region, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East and Africa (MEA). The North American region led the market in terms of revenue in 2016. The rate of replacing hard disk drives (HDDs) with solid state drives is higher in North America than in other regions. In addition, manufacturers of SSDs in the region are focusing on product differentiation and innovation to increase their geographical reach and revenue. This will further help accelerate demand for SSD devices in North America.

Increasing popularity of social media, rise in next-generation connected devices, expanding Information Technology (IT) budgets, growing need for high-capacity storage devices, and soaring number of data centers are expected to drive the SSD market across Asia Pacific. Increasing number of laptop and smartphone users, growing demand for advanced computing systems, rising demand for on-site storage systems, and thriving cloud computing and big data markets also drive the regional market.

The South America and MEA markets are also being driven by increasing use of laptops and smartphones embedded with SSDs. Growing popularity of the advantages of solid state drives over HDDs is expected to boost demand for the former over the forecast period, particularly in the South American regional market. In contrast, high prices of SSDs are expected to negatively influence demand in the MEA market.

Solid State Drive Market Share Insights

Key industry participants in the market include Intel Corporation; Micron Technology, Inc.; Samsung Electronics Co., Ltd.; Seagate Technology PLC; and Western Digital Corporation. Technological proliferation and increasing investments in R&D by manufacturers and associations are expected to drive industry growth.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2015

Forecast period

2017 - 2025

Market representation

Volume in Million Units, Revenue in USD Million, and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, South America, and MEA

Country scope

U.S., Canada, Mexico, U.K., Germany, Taiwan, China, India, and Brazil

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of latest industry trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global solid state drive market report based on type, storage, end use, and region:

  • Type Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)

    • External

    • Internal

  • Storage Outlook(Volume, Million Units; Revenue, USD Million, 2014 - 2025)

    • Under 120 GB

    • 120GB-320GB

    • 320GB-500GB

    • 500GB-1TB

    • 1TB-2TB

    • Above 2TB

  • End Use Outlook(Volume, Million Units; Revenue, USD Million, 2014 - 2025)

    • Enterprise

      • Small

      • Medium

      • Large

    • Client

  • Regional Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • Taiwan

      • India

    • South America

      • Brazil

    • Middle East and Africa 

Key questions answered by the report
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