The global SSD controller market value was US$ 14.10 billion in 2020. The global SSD controller market is forecast to reach US$ 53 billion by 2030, with a growing compound annual growth rate (CAGR) of 14.2% during the forecast period from 2021-2030.
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SSD controllers include electronics that connect flash memory components to host SSD input or output interfaces or computers. The embedded processor delivers high performance and low power consumption. It performs firmware-level software coding on SSD controllers. Additionally, SSD controllers are electrical components contained within a single integrated circuit (IC). SSD controller embedded processors use 16- or 32-bit microcontrollers. In addition, SSD controllers provide electrical interfaces including SATA, USB, SAS, NAND, or a combination of these interfaces.
Factors Influencing the Market Growth
Due to the increase in industrial-grade storage systems, SSD controller solutions are witnessing a rise in NAND flash system design due to a spike in data transactions between the host interface and NAND flash arrays. As a result of the introduction of 3D NAND technology, the electronic storage solution market has become more modern, which will boost the global SSD controller market growth over the next few years.
Phison e12 is a high-end SSD controller based on NVME technology used primarily in high-end consumer and enterprise SSDs. Additionally, SSD controller-based NAND flash memory solution is attracting significant demand from enterprises. Due to its high durability, low cost, and faster storage with a low error rate, SSD controllers are driving the global market.
Cloud computing adoption in enterprises is driving the growth of the market during the forecast period.
The growth of cloud-based data centers will drive demand for the global SSD controller market.
The high cost associated with SSD applications may limit the market growth.
Public cloud storage solutions are expected to increase the opportunity for global SSD controller market growth.
A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. Census Bureau reports the recovering of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries, resulting in a large market for SSD Controller Market.
Impact Analysis of COVID-19
COVID-19’s emergence had slowed down SSD controller market growth in 2020. In addition, during COVID-19, several obstacles impeded the market, including the availability of resources, health and safety measures, deliverables, contractual obligations, and project delays or cancellations.
During the forecast period, demand for security and cloud computing solutions is forecast to drive the SSD controller market growth.
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North America holds the largest share of the SSD controller market. Cloud computing, the increasing adoption of SSD controller technology in advanced computing systems, and the proliferation of huge data analytics are leading factors driving this market. The most common application of SSD controllers is in data centers.
The SSD controller market is forecast to grow at a significant CAGR during the review period due to the high growth rate of emerging markets such as Japan, China, and South Korea in this region.
According to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology (ICT). With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2023. In today’s society, continuous growth is another reminder of how ubiquitous and crucial technology has become. Over the next few years, traditional tech spending will be driven mainly by big data and analytics, mobile, social, and cloud computing.
This report analyzes the global primary production, consumption, and fastest-growing countries in the Information and Communications Technology(ICT) market. Also included in the report are prominent and prominent players in the global Information and Communications Technology Market (ICT).
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The leading prominent companies profiled in the global SSD controller market are:
ADATA Technologies Inc.
Kingston Technology Company, Inc.
KIOXIA Holdings Corporation (Toshiba Corp.)
Micron Technology, Inc.
Realtek Semiconductor Corp.
Samsung Electronics Co. Ltd. (Samsung)
SK Hynix Inc.
Western Digital Corporation
Other Prominent Players
Scope of the Report
The global SSD controller market segmentation focuses on Form Factor, Interface, Technology, End-User, and Region.
Segmentation based on Form Factor
FHHL(Full Height Half Length)/HHHL(Half Height Half Length)
Segmentation based on Interface
PCle (peripheral component interconnect express)
Segmentation based on Technology
Single Level Cell
Triple Level Cell
Segmentation based on End-User
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Segmentation based on Region
Rest of Western Europe
Rest of Eastern Europe
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa (MEA)
Rest of MEA
Rest of South America
What is the goal of the report?
• The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
• During the forecast period, the report analyzes the growth rate, market size, and market valuation.
• The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
• The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance
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