SSD Controller Market Set for Exponential Growth: Projections Show $53.01 Billion by 2030 with a Remarkable 14.4% CAGR
SSD Controller Market
SSD Controller Market: Opportunity Analysis and Industry Forecast, 2021-2030
WILMINGTON, DELAWARE, UNITED STATES, July 10, 2024 /EINPresswire.com/ -- SSD Controller Market1 Size, Share, Competitive Landscape and Trend Analysis Report by Form Factor (2.5, 3.5, M.2, U.2/SFF 8639, and FHHL/HHH), Interface (SATA, SAS, and PCIe), Technology (SLC, MLC (Planer and 3D), and TLC (Planer and 3D)), and End User (Enterprise, Client, Industrial, and Automotive): Opportunity Analysis and Industry Forecast, 2021–2030
The global SSD controller market size was valued at $14.12 billion in 2020, and is projected to reach $53.01 billion by 2030, registering a CAGR of 14.4% from 2021 to 2030.
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A solid-state drive regulator is an implanted processor that executes firmware-level code. SSD regulator empowers superior and limits strong state drives intended to use in hyper-scale and endeavors server farms foundations. Further, solid-state drives controllers are intended to enable multi-level cell, triple-level cell, and single-level cell memories while offering best-in-class error alteration features and skills. Traditional SSD controller operated within a single integrated circuit to surround the processor with ROM and RAM. Moreover, the emergence of Phison E12-based NVMe controller solution across enterprise and client SSD is driving the market during the forecast period.
Surge in adoption of cloud computing technology in enterprise andemergence of 3D NAND technologydrive the market growth. However, high cost associated with the solid-state drive application isanticipated to restrain the SSD controller market share. Further, surge in demand for cloud-based data center and rise in demand for public cloud storage solutions areexpected to provide lucrative opportunities for the SSD controller industry2 during the forecast period.
The emergence of COVID-19 has significantly impacted the global SSDs controller market growth. The delay caused for construction projects due to partial or complete lockdown in various regions has significantly reduced the demand for SSD controller during the pandemic. However, rise in demand for high-end cloud computing from prime enterprise, owing to the implementation of work-from-home policy by the governments of several countries, which, in turn, is anticipated to offer remunerative opportunities for the expansion of the SSD controller market analysis post pandemic.
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Competitive Analysis:
The SSD controller industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.
Some of the major key players of the SSD controller market include,
● SK Hynix Inc.,
● ADATA Technology Inc.,
● Intel Corporation,
● Realtek Semiconductor Corp.,
● Western Digital Corporation,
● Samsung Electronics Co. Ltd. (Samsung),
● Micron Technology, Inc.,
● KIOXIA Holdings Corporation (Toshiba Corp.),
● Kingston Technology Company, Inc.,
● Marvell
Top Impacting Factors:
Significant factors that impact growth of the global SSD controller market include increase in adoption of cloud computing technology coupled with surge in demand for cloud-based data center. Further, emergence of 3D NAND technology is expected to drive the market growth. However, high cost associated with data center applications is acting as a major barrier for early adoption, which hampers the growth of the market. On the contrary, surge in demand for public cloud storage solutions is anticipated to provide remunerative opportunities for expansion of the SSD controller industry during the forecast period.
Research Methodology:
The research uses both primary and secondary research to assemble data on the various facets of the international security screening market. Using interviews or surveys, primary market research has been used to collect highly authenticated data from direct sources, such as consumers in a particular market. Secondary market research is a method for gathering information from previously released data produced by international organizations, business groups, government and research institutions, and so on.
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Key Benefits for Stakeholders:
● This study comprises analytical depiction of the SSD controller market size along with the current trends and future estimations to depict the imminent investment pockets.
● The overall SSD controller market analysis is determined to understand the profitable trends to gain a stronger foothold.
● The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
● The current SSD controller market forecast is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
● Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
● The report includes the market share of key vendors and SSD controller market trends.
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Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports consider significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
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1 https://www.alliedmarketresearch.com/ssd-controller-market-A13790
2 https://www.alliedmarketresearch.com/press-release/ssd-controller-market.html
