Market Forecast By Product Types (TLC, MLC, SLC and Others), By Storage Capacities (Less than 250 GB, 250 GB- 500 GB, 500 GB- 1 TB and More than 1 TB), By Storage Interface (SATA, SAS and PCIe), By End Users (Enterprise SSDs, Client SSDs and Others), By Applications (Personal Computer, Laptops, Data Centers and Others), By Key Countries (U.S, Canada and Rest of North America) and Competitive Landscape.
Product Code: ETC000833 | Publication Date: Jul 2024 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
North America Solid State Drive (SSD) Market report thoroughly covers the market by Product type, by Storage Capacities, by Storage interface, by End-users, by Applications, by Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Solid State Drive (SSD) Market has been Flourishing and is predicted to rise more at a significant growth rate during the forecast period 2024 to 2030. There are several factors contributing to the market growth such as technological advancements, rising cloud-based services, and increasing adoption of SSDs in various industries.
According to 6Wresearch, North America Solid State Drive (SSD) Market size is expected to grow at a significant CAGR of 12.8% during 2025-2031. One of the major Factors for the North America SSD market is the rising adoption of cloud-based services. With the growing trend towards digitalization, organizations are shifting towards cloud- based storage solutions that offer higher scalability and flexibility compared to traditional hard disk drives (HDDs). This has led to a surge in demand for SSDs as they offer better performance and reliability, making them ideal for use in data centers and cloud computing environments. Another factor contributing to the growth of the North America SSD market is the increasing use of mobile and portable devices. With the rise in popularity of smartphones, laptops, and tablets, there is a growing need for compact and lightweight storage solutions. SSDs offer higher speeds and durability compared to HDDs, making them a popular choice for these devices.
In addition, the government of the country has been actively encouraging There an increase in initiatives towards data privacy and security. This has led to stricter regulations on data storage methods, driving organizations to adopt more secure storage solutions such as SSDs. This is expected to further boost the growth of the North America SSD market.
The market is also dealing with a number of challenges that are hampering its growth. the high cost of SSDs remains a major challenge for the market. The manufacturing process of SSDs involves complex technology and expensive materials, leading to higher prices compared to HDDs. This can limit their adoption among price-sensitive consumers and organizations.
Some of the leading players in the North America Solid State Drive market include Samsung Electronics Co., Ltd., Western Digital Corporation, Toshiba Corporation, and Intel Corporation. These companies are focusing on product innovations and strategic partnerships to gain a competitive edge in the market.
One way that governments have supported the development of the SSD market is through tax incentives for manufacturers. SSD manufacturers can benefit from tax breaks or credits if they meet certain criteria such as using environmentally friendly production methods or creating job opportunities in the region. Governments in North America have also introduced subsidies and rebates for consumers who purchase SSDs. These incentives are aimed at making SSDs more affordable for individuals and businesses, thus promoting their adoption
With the growing demand for faster data storage solutions, it is expected that SSDs will eventually replace HDDs as the primary storage device in many applications. However, challenges like cost and reliability concerns still need to be addressed for wider adoption across all industries.
In order to further boost the growth of the North America holds a significant share in the global solid state drive market and this trend is expected to continue in the coming years with technological advancements and increasing demand from various industries driving its growth. It will be interesting to see how the market evolves and adapts to changing consumer needs and emerging technologies in the future.
According to Dhaval, Research Manager, 6Wresearch, one of the segments that is expected to experience significant growth in the North America Solid State Drive (SSD) market is Triple-Level Cell (TLC). TLC SSDs are generally more affordable than other types of SSDs, making them a popular choice for consumers.
Based on current market trends and consumer demands, it is predicted that the 500 GB- 1 TB storage capacity segment will experience the most growth in the North America Solid State Drive (SSD) market. This can be attributed to several factors such as increasing adoption of cloud computing and data storage, rising demand for high-performance computing systems, and the growing use of SSDs in gaming consoles and mobile devices.
Based on these three segments, it is predicted that the PCIe segment will experience the most growth in the future. This is because PCIe offers higher data transfer rates compared to SATA and SAS, making it more suitable for high-performance computing applications.
The enterprise SSD segment is projected to experience significant growth in the future due to the increasing demand for high-performance storage solutions in various industries such as banking, healthcare, and IT. This can be attributed to the growing need for data storage and management, as well as the rising adoption of cloud computing.
According to market report there is one segment that is expected to see significant growth in the future - data centers. With the increasing demand for cloud computing and big data analysis, data centers are expanding rapidly and require high-performance storage solutions.
The United States is one of the leading contributors to the growth of the North America solid state drive (SSD) market. With a strong presence of major players in the region, such as Intel Corporation and Micron Technology Inc., the U.S. accounts for a significant share in terms of revenue.
The report offers a comprehensive study of the subsequent market segments
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. North America Solid-State Drive Market Overview |
3.1 North America Solid-State Drive Market Revenues, 2021-2031F |
3.2 North America Solid-State Drive Market Revenue Share, By Product Types, 2021 & 2031F |
3.3 North America Solid-State Drive Market Revenue Share, By Applications, 2021 & 2031F |
3.4 North America Solid-State Drive Market Revenue Share, By End Users, 2021 & 2031F |
3.5 North America Solid-State Drive Market Revenue Share, By Storage Capacity, 2021 & 2031F |
3.6 North America Solid-State Drive Market Revenue Share, By Storage Interface, 2021 & 2031F |
3.7 North America Solid-State Drive Market Revenue Share, By Regions, 2021 & 2031F |
3.8 North America Solid-State Drive Market Industry Life Cycle |
3.9 North America Solid-State Drive Market- Porter's Five Forces |
4. North America Solid-State Drive Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. North America Solid-State Drive Market Trends |
6. North America Solid-State Drive Market Overview, By Product Types |
6.1 North America SLC Market Revenues, 2021-2031F |
6.2 North America MLC Market Revenues, 2021-2031F |
6.3 North America TLC Market Revenues, 2021-2031F |
6.4 North America Other SSD Market Revenues, 2021-2031F |
7. North America Solid-State Drive Market Overview, By Applications |
7.1 North America Personal Computers Market Revenues, 2021-2031F |
7.2 North America Laptops Market Revenues, 2021-2031F |
7.3 North America Data Centers Market Revenues, 2021-2031F |
7.4 North America Other Application SSD Market Revenues, 2021-2031F |
8. North America Solid-State Drive Market Overview, By End-Users |
8.1 North America Solid-State Drive Market Revenues, By Client-SSDs, 2021-2031F |
8.2 North America Solid-State Drive Market Revenues, By Enterprise SSDs, 2021-2031F |
8.3 North America Other End Users SSD Market Revenues, 2021-2031F |
9. North America Solid-State Drive Market Overview, By Storage Capacity |
9.1 North America Solid-State Drive Market Revenues, By Less Than 250 GB, 2021-2031F |
9.2 North America Solid-State Drive Market Revenues, By 250 GB-500 GB, 2021-2031F |
9.3 North America Solid-State Drive Market Revenues, By 500 GB-1 TB, 2021-2031F |
9.4 North America Solid-State Drive Market Revenues, By More Than 1 TB, 2021-2031F |
10. North America Solid-State Drive Market Overview, By Storage Interface |
10.1 North America Solid-State Drive Market Revenues, By SATA, 2021-2031F |
10.2 North America Solid-State Drive Market Revenues, By SAS, 2021-2031F |
10.3 North America Solid-State Drive Market Revenues, By PCIe, 2021-2031F |
11. United States Solid-State Drive Market Overview |
11.1 United States Solid-State Drive Market Revenues, 2021-2031F |
11.2 United States Solid-State Drive Market Revenues, By Product Types, 2021-2031F |
11.3 United States Solid-State Drive Market Revenues, By Applications, 2021-2031F |
11.4 United States Solid-State Drive Market Revenues, By End Users, 2021-2031F |
11.5 United States Solid-State Drive Market Revenues, By Storage Capacity, 2021-2031F |
11.6 United States Solid-State Drive Market Revenues, By Storage Interface, 2021-2031F |
12. Canada Solid-State Drive Market Overview |
12.1 Canada Solid-State Drive Market Revenues, 2021-2031F |
12.2 Canada Solid-State Drive Market Revenues, By Product Types, 2021-2031F |
12.3 Canada Solid-State Drive Market Revenues, By Applications, 2021-2031F |
12.4 Canada Solid-State Drive Market Revenues, By End Users, 2021-2031F |
12.5 Canada Solid-State Drive Market Revenues, By Storage Capacity, 2021-2031F |
12.6 Canada Solid-State Drive Market Revenues, By Storage Interface, 2021-2031F |
13. Rest of North America Solid-State Drive Market Overview |
13.1 Rest of North America Solid-State Drive Market Revenues, 2021-2031F |
14. North America Solid-State Drive Market Opportunity Assessment |
14.1 North America Solid-State Drive Market Opportunity Assessment, By Product Types, 2031F |
14.2 North America Solid-State Drive Market Opportunity Assessment, By Applications, 2031F |
14.3 North America Solid-State Drive Market Opportunity Assessment, By End Users, 2031F |
14.4 North America Solid-State Drive Market Opportunity Assessment, By Storage Interface, 2031F |
14.5 North America Solid-State Drive Market Opportunity Assessment, By Storage Capacity, 2031F |
14.6 North America Solid-State Drive Market Opportunity Assessment, By Regions, 2031F |
15. North America Solid-State Drive Market Competitive Landscape |
15.1 North America Solid-State Drive Market Revenue Share, By Companies, 2024 |
15.1.1 United States Solid-State Drive Market Revenue Share, By Companies, 2024 |
15.1.2 Canada Solid-State Drive Market Revenue Share, By Companies, 2024 |
15.2 North America Solid-State Drive Market Competitive Benchmarking, By Operating Parameters |
16. Company Profiles |
17. Strategic Recommendations |
18. Disclaimer |
Market Forecast By Product Types (TLC, MLC, SLC and Others), By Storage Capacities (Less than 250 GB, 250 GB- 500 GB, 500 GB- 1 TB and More than 1 TB), By Storage Interface (SATA, SAS and PCIe), By End Users (Enterprise SSDs, Client SSDs and Others), By Applications (Personal Computer, Laptops, Data Centers and Others), By Key Countries (U.S, Canada and Rest of North America) and Competitive Landscape.
Product Code: ETC000833 | Publication Date: Sep 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
North America Solid State Drive (SSD) Market has witnessed many developments in recent years, the Serial Advanced Technology Attachment (SATA) interface arrangement is the most widely used solid-state drive interface which usually has a form factor of 2.5 inches and uses a SATA cord to connect with the circuit board. These are primarily used in business laptops and mid-priced desktop computers. Samsung claimed that it's Evo plus solid-state drive saves 15% in terms of cost.
North America SSD market has registered tremendous growth over the last few years due to an increased demand for storage capacity, and fast and convenient data storage options. Moreover, the North America region has witnessed a large amount of digital data generation resulting in a surge in demand for SSD drives. Rising needs for storage options in mobile phones, tablets, personal computer systems, and laptops are further anticipated to generate demand for the SSD market.
According to 6wresearch, the North America SSD Market size is anticipated to record high growth in the forecast period 2019-2025. The client SSDs are expected to dominate the market. Increased demand for the product in various digitalized systems, increase in the internet usage capacity, and solutions for quick storage systems are triggering market demand for the product from the client-based segment.
The United States accounted for a major share of market demand due to growing digital data in the country resulting in a surge in demand for storage options. Additionally, Canada is expected to witness high growth in demand for the product as compared to its other country counterparts.
A major part of the market revenue is observed to be generated from the more than 1 TB storage capacity segment. As the strong use of social media is rising amongst households, products offering more storage capacities are in high demand in the region.
The North America SSD market report thoroughly covers the market by product types, applications, storage capacity, storage interface, end-users, and regions including the United States, Canada, and the rest of North America. The SSD market outlook report provides an unbiased and detailed analysis of the ongoing North America SSD market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The North America solid states drive market is anticipated to register sound revenues in the coming years on the back of an increase in the durability and faster data access features of solid-state drives. Solid-state drives tend to make the PC more durable and an excellent work-performing asset and are gaining traction across the North America region. Further, the rising adoption of PCs in commercial buildings along with the progressive success of the software industry is anticipated to proliferate sound revenues for the North America solid-state drive market in the coming years and would assist a promising growth of the market in the future.
• North America SSD Market Overview
• North America SSD Market Outlook
• North America SSD Market Forecast
• Historical Data of SSD Market Revenues for the Period 2015-2018
• North America SSD Market Size and North America SSD Market Forecast of Revenues, Until 2025
• Historical Data of North America SSD Market Revenues, by Product Type, for the Period 2015-2018
• Market Size & Forecast of North America SSD Market Revenues, by Product Type, until 2025
• Historical Data of North America SSD Market Revenues, By Applications, for the Period 2015-2018
• Market Size & Forecast of North America SSD Market Revenues, By Applications, until 2025
• Historical Data of North America SSD Market Revenues, by End User, for the Period 2015-2018
• Market Size & Forecast of North America SSD Market Revenues, by End User, until 2025
• Historical Data of North America SSD Market Revenues, by Storage Interface, for the Period 2015-2018
• Market Size & Forecast of North America SSD Market Revenues, by Storage Interface, until 2025
• Historical Data of North America SSD Market Revenues, by Storage Capacity, for the Period 2015-2018
• Market Size & Forecast of North America SSD Market Revenues, by Storage Capacity, until 2025
• Historical Data of United States SSD Market Revenues, for the Period 2015-2018
• Market Size & Forecast of United States SSD Market Revenues, until 2025
• Historical Data of Canada SSD Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Canada SSD Market Revenues, until 2025
• Market Drivers and Restraints
• North America SSD Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• North America SSD Market Share, By Regions
• North America SSD Market Share, By Players
• North America SSD Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations
The North America SSD market report provides a detailed analysis of the following market segments: