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India's SSD market poised to hit $128 million by 2022

March 22, 2016

India's solid state drive market is poised to reach $128 million by 2022, according to a report by 6Wresearch. India has seen increased growth in its SSD market over the last three years, which is a product of surging demand for big data and cloud computing. SSDs account for a small share of these markets specifically, but they are growing exponentially. For now, most SSD shipments are defined as entry-level drives, which have a capacity of 64 to 120GB.

The hard drive disk market is projected to continue to decline in India, with the exception of external HDDs, which make up about a fifth of the market. Internal HDDs are seeing share eroded by the adoption of NAND flash memory and SSDs. Since flash memory lasts longer and SSDs are more durable than HDDs, which have moving parts, many are finding that SSDs are more convenient in various use cases. This makes the drives worth the extra cost per gigabyte, especially as SSD prices continue to decline.

Samsung is the biggest supplier in India right now, but other large players include Intel, Micron SanDisk and Toshiba. Samsung has been looking to make itself the dominant and most reliable player in the SSD market. In fact, the company announced recently the largest SSD in the world, underscoring its objective. Western Digital has long been one of the biggest companies in HDDs, and it has acquired SanDisk to bolster its position in the flash memory market. China's flash memory space is still small, but a number of its manufacturers are already selling SSDs. The country may not be a big player in this area until it improves its semiconductor market.

Media Source: Global Sources

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