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Global SSD Controller Market to Hit USD 60.862 BN by 2032

Oct 13, 2023 12:00 AM ET

Global SSD Controller Market to Hit USD 60.862 BN by 2032

SSD Controller Market Insights

The SSD Controller Market is likely to witness significant revenue growth. The increasing adoption of SSDs to reduce storage costs per gigabyte while enhancing storage performance would boost the market size. Market Research Future (MRFR) states that the global SSD controller market value is poised to escalate from USD 16.9 BN in 2022 to USD 60.862 BN by 2032, growing at a 15.30% CAGR throughout the review period (2023-2032).

As data processing requirements evolve, cloud-scale infrastructure requires solutions that maximize bandwidth, minimize latency, and are optimized for efficient resource utilization. Technological advances in storage technologies accelerate the SSD controller market shares. Besides, augmenting demand for highly scalable solid-state drives (SSDs) would support the market growth. 

The increasing demand for advanced data tiering and distributed storage solutions creates significant market opportunities. With the rising use of connected & wearable devices, the SSD controller market value is projected to accelerate during the next few years. The rise in cloud-based computing and the growth of big data analytics technology are key driving forces. Also, the spurring rise in demand for cloud-based data centers impacts the market growth positively. 

Today, many organizations prefer flash-based storage systems to use them as secondary storage due to their storage stability and enhanced backup & data recovery performance. Furthermore, the rising usage of the internet and smart connected devices foster the SSD controller industry, generating data. The increasing demand for SSD controllers positively impacts market growth.

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Major Players

Leading SSD controller market players are

  • Samsung (South Korea),
  • Marvell Technology Group (UK),
  • Intel (US),
  • Western Digital (US),
  • Toshiba (Japan),
  • Micron Technology, Inc. (US),
  • IBM (US),
  • NetApp (US),
  • Phison Electronics Corporation (Taiwan),
  • SandForce (US),
  • Silicon Motion Technology Corporation (Taiwan),
  • OCZ (US),
  • ADATA Technology Co., Ltd. (Taiwan),
  • CNEX Labs, Inc. (US), Foremay (US), and
  • Realtek Semiconductor Corp. (Taiwan),

SSD Controller Market- Segments

The report is segmented into types, storage, applications, and regions. The type segment is sub-segmented into single-level, triple-level, and multi-level cells. The storage segment is sub-segmented into SATA, SAS, and PCIe. The application segment is sub-segmented into enterprises, data centers, and retail. The region segment is sub-segmented into North America, Europe, Asia-Pacific, and the rest of the world.

SSD Controller Market – Regional Analysis 

North America dominates the global SSD controller market. The significant market share is attributed to vast technological advances and the adoption of SSD memory devices in various applications. Besides the presence of notable industry players and rapid industrialization in the region, the SSD controller market share. 

Key factors bolstering the market size include the rising demand for efficient computing systems and the escalating adoption of cloud computing and big data analytics. Also, the increasing applications of cloud computing in organizations and the development of data centers foster the SSD market growth.

SSD Controller Market – Competitive Analysis 

Highly competitive, the SSD controller market appears fragmented with the presence of many key players. Strategic partnerships, mergers & acquisitions, collaboration, expansion, and product/ technology remain SSD controller market trends to gain a larger competitive share.

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Industry/Innovation/ Related News: 

March 02, 2022 — Microchip Technology Inc. launched the industry’s highest-performance SSD controller – 16-Channel PCIe Gen 5 Enterprise NVMe to respond to the growing demand for high-reliability, high-performance solid-state drives delivering greater than 14 GB/second throughput and over 3 million IOPS. The new controller offers top-class Quality of Service (QoS) suitable for cloud-focused data center applications with advanced credit management technology. 

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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