The growing quantity of data across industries owing to rising penetration of connected devices and automated systems is driving the demand for efficient storage solutions. The low latency and high performance storage demand from industry applications is fueling the market demand. In addition to this, the continuous focus of market players to invest in research and development of advanced controllers for SSD is boosting the market growth.
MARKET SCOPE
The "Global SSD Controller Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the SSD controller market with detailed market segmentation by type, storage interface, application, and geography. The report provides key statistics on the market status of the leading SSD controller market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global SSD controller market is segmented into single-level cells and multi-level cells.
- On the basis of storage interface, the market is segmented into SATA, SAS, and PCIe.
- Based on application, the market is segmented into data centers, enterprises, and others.
MARKET DYNAMICS
Drivers:
- The growing demand for data centers in various industries owing to increasing adoption of cloud based solutions is one of the key driving factors for the growth of the global SSD controller market.
- The continuous advancements in SSD technologies to enhance performance and capabilities are expected to offer ample growth opportunities for market players.
- The growth in 3D NAND technology and its low power consumption qualities are further expected to boost the market growth.
Restraints:
- Higher cost compared to HDD may hinder the growth of the global SSD controller market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The SSD controller market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the SSD controller market in these regions.
IMPACT OF COVID-19 ON SSD CONTROLLER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the SSD controller market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from SSD controller market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the SSD controller market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- CNEX Labs, Inc.
- Hyperstone GmbH
- KIOXIA Corporation
- Marvell
- Microchip Technology Inc.
- Micron Technology, Inc.
- PHISON ELECTRONICS
- SAMSUNG
- Silicon Motion Technology Corp.
- Western Digital Corporation