SSD Controller Market
A new market study, titled “SSD Controller Market” has been featured on Market Research Future.
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According to Market Research Future, the global SSD Controller market has been segmented into type, storage interface, application, and region.
The demand for SSD controller is expected to increase with the rising demand for cloud computing, big data analytics, and advanced computing systems. These factors have led to the increasing development of data centers in order to store large volumes of generated data. The need for high performance, large capacity, and improved reliability contribute to the demand for SSDs and consequently SSD controllers. Due to cost-effectiveness, most of the SSD controllers deployed in servers are SATA based. Furthermore, the emergence of 3D NAND technology has revolutionized the storage industry which is influencing the demand for SSD controllers. A major trend prevailing in the market is the declining prices of SSDs. With the rise in storage capacity each year, there has been a decline in cost-per-gigabyte. This price reduction is due to density increase which is caused due to die shrinkage.
The global SSD controller market was valued at USD 7.42 billion in 2018; it is expected to reach USD 19.04 billion by the end of the forecast period at a CAGR of 14.60%.
On the basis of type, the SSD controller market has been divided into single-level cells (SLCs), multi-level cells (MLCs), triple-level cells (TLCs). The MLCs segment is expected to dominate the SSD controller market during the forecast period. The rising adoption of MLCs is due to increasing prices and the advent of 3D NAND storage owing to superior performance. The TLCs segment is expected to grow at the highest CAGR during the forecast period.
On the basis of storage interface, the market has been segmented into SATA, SAS, PCIe. The SATA segment dominates the SSD controller market owing to its affordability as compared to SAS and PCIe. It is expected to continue its dominance throughout the forecast period. The PCIe segment is expected to grow at a significant pace during the forecast period.
On the basis of application, the SSD controller market has been segmented into data center, enterprise, client, and retail. The data center sector dominated the SSD controller market in 2018 and is expected to contribute a significant revenue share to the market during the forecast period. This is due to the ever-increasing need for data storage and enterprises moving towards cloud computing. The client segment is likely to register a high CAGR during the forecast period.
Regional analysis
The global market for SSD controller is estimated to grow at a significant pace during the forecast period from 2019 to 2025. The geographic analysis of SSD controller market has been done for North America, Europe, Asia-Pacific, Middle East & Africa, and Central and South America. North America is expected to dominate the SSD controller market. The proliferation of advanced computing systems, cloud computing, and big data analytics, and wide adoption of SSD controller technology in these technologies is leading to the growth of the market. SSD controller technology is largely being adopted for data centers. Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The leading countries in this region including China, Japan, Taiwan, and South Korea are witnessing immense opportunities for the growth of SSD controller market. Europe is also expected to witness huge demand for SSD controller technology owing to demand from the automotive sector under the client segment.
Key players
Major players operating in the SSD controller market include Marvell Technology Group (UK), Samsung (South Korea), Intel (US), Toshiba (Japan), Western Digital (US), Micron Technology, Inc. (US), NetApp (US), IBM (US), Phison Electronics Corporation (Taiwan), Silicon Motion Technology Corporation (Taiwan), and SandForce (US). These players contribute a major share in the growth of SSD Controller market.
Apart from the top key players, there are other players and regional players that contribute to the market growth. These include OCZ (US), CNEX Labs, Inc. (US), ADATA Technology Co., Ltd. (Taiwan), Realtek Semiconductor Corp. (Taiwan) and Foremay (US).
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SSD Controller Market ShareThe global SSD controller market was valued at USD 7.42 billion in 2018 and is expected to reach USD 19.04 billion by the end of the forecast period at a CAGR of 14.60%.
The rising need for data storage owing to growth in cloud computing and advanced computing and growth of data centers is expected to drive the demand for SSD controllers during the forecast period.
This is expected to boost the demand for SSD controllers.The SSD controller market has been segmented on the basis of type, storage interface, and application.
The data center segment dominated the SSD controller market in 2018 and is expected to contribute a significant revenue share to the market during the forecast period.
The client segment is likely to register a high CAGR during the forecast period.Key playersThe key players in the SSD controller market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise.
Some of them are Marvell Technology Group (UK), Samsung (South Korea), Intel (US), Toshiba (Japan), Western Digital (US), Micron Technology, Inc. (US), NetApp (US), IBM (US), Phison Electronics Corporation (Taiwan), Silicon Motion Technology Corporation (Taiwan), and SandForce (US).
SSD Controller Market TrendsThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on SSD Controller Market Trends.
The growth sectors of the SSD Controller Market Trends are identified with precision for a better growth perspective.The global SSD controller market was valued at USD 7.42 billion in 2018 and is expected to reach USD 19.04 billion by the end of the forecast period at a CAGR of 14.60%.
The rising need for data storage owing to growth in cloud computing and advanced computing and growth of data centers is expected to drive the demand for SSD controllers during the forecast period.
The data center segment dominated the SSD controller market in 2018 and is expected to contribute a significant revenue share to the market during the forecast period.
The client segment is likely to register a high CAGR during the forecast period.Key playersThe key players in the SSD controller market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise.
Some of them are Marvell Technology Group (UK), Samsung (South Korea), Intel (US), Toshiba (Japan), Western Digital (US), Micron Technology, Inc. (US), NetApp (US), IBM (US), Phison Electronics Corporation (Taiwan), Silicon Motion Technology Corporation (Taiwan), and SandForce (US).
Global SSD Controller Market Research Report: by Type (Single-level cells (SLC), Multi-level cells (MLC), Triple-level cells (TLC)), Storage Interface (SATA, SAS, PCIe), Application (Data Center, Enterprise, Client, Retail), Region (North America, Europe, Asia-Pacific, Middle East & Africa and Central and South America) - Forecast till 2027Market OverviewIn its research report, Market Research Future (MRFR), highlights that over the review period, the global SSD Controller Market 2020 is poised to increase significantly, ensuring substantial market valuation of USD 19.04 billion and a healthy 14.60% CAGR over the review period.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/8268Drivers and RestraintsOne of the key drivers of demand for SSD controllers is the growing rise in demand for cloud-based data centres.
This has resulted in the increasing demand for data centers which can store large amounts of data and require highly data-intensive operations.
When businesses are more inclined towards cloud-based operations, there has been a massive increase in the number of mega data centers; this is expected to fuel demand for SSD controllers in the years ahead.One of the main factors affecting the growth of the demand for SSD controllers is the growth of 3D NAND technology that has brought revolution in electronic storage.
These architectures are one-dimensional, and therefore more data can be stored by increasing its density.
This results in an increase in SSD capacities and a fall in prices.Segmental AnalysisBy type, the market has been segmented into multi-level cells (MLC), single-level cells (SLC), triple-level cells (TLC).
The SATA segment leads the SSD controller market and is poised to continue its dominance over the forecast period.
