SSD Controller Market Expected To Reach $ 19.04 Billion
New York, United States, June 21, 2021 (GLOBE NEWSWIRE) – Market Snapshot:
According to a comprehensive research report from Market Research Future (MRFR), “Global SSD Controller Market Research Report Information by Type, Application, Region – Forecast to 2027”The market is expected to touch USD 19.04 billion at a CAGR of 14.60% during the forecast period.
The SSD controller is also referred to as a processor. It contains electronic components that connect flash memory components to SSD input / output interfaces. The controller, in simple terms, is an integrated processor that runs software at the firmware level. It is device specific and can therefore be updated.
The Major Key Players in the Covered SSD Controller Market are:
- Foremay (United States)
- Realtek Semiconductor Corp. (Taiwan)
- ADATA Technology Co.
- Ltd. (Taiwan)
- CNEX Laboratories
- Inc. (United States)
- OCZ (United States)
- SandForce (United States)
- Silicon Motion Technology Corporation (Taiwan)
- Phison Electronics Corporation (Taiwan)
- IBM (United States)
- NetApp (United States)
- Micronic technology
- Inc. (United States)
- Western Digital (United States)
- Toshiba (Japan)
- Intel (United States)
- Samsung (South Korea)
- Marvell Technology Group (United Kingdom)
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According to the MRFR report, there are many factors that are propelling the SSD Controller market share. Some of them involve the growth of big data analytics technology, the increase in cloud-based computing, the low cost of cloud access, the increased demand for public cloud storage, the growing need of data centers capable of storing huge amounts of data and data-intensive operations, a massive increase in mega-data centers, the increasing amount of data in all industries, the growing penetration of connected devices and automated systems, the demand for efficient storage solutions; and the demand for high performance storage and low latency demand from industrial applications. Other factors adding to the market growth include the constant concentration of market players to invest in the R&D of advanced controllers for SSD, the constant advancement of SSD technologies and the growth of 3D NAND technology.
On the contrary, the heavy reliance on end products may limit the growth of the global SSD controller market during the forecast period.
Browse the in-depth (92 pages) SSD Controller market research report:
Market segmentation covered by research:
The MRFR report sheds light on an inclusive analysis of the global SSD controller market based on application, storage interface, and type.
By type, the global SSD controller market is segmented into tri-level cells (TLC), multi-level cells (MLC), and single-level cells (SLC). Among these, MLC segment will dominate the market during the forecast period, while TLC segment will grow at a high CAGR.
By storage interface, the global SSD controller market is segmented into PCle, SAS, and SATA. Among these, SATA segment will dominate the market during the forecast period, while PCle segment will grow at a high CAGR.
By Application, the global SSD Controller market is segmented into Retail, Customer, Enterprise, and Data Center. Among these, the data center segment will be the market spearhead during the forecast period, while the customer segment is expected to grow at a high CAGR.
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Geographically, the global SSD controller market is divided into Europe, Middle East & Africa, Asia Pacific (APAC), North America, and Central & South America. Of these, North America will capture the lion’s share of the market during the forecast period.
In Europe, the global SSD controller market is expected to hold the second largest share during the forecast period. The growing demand of the automotive industry in the customer segment is adding to the growth of the global SSD controller market in the region
In APAC region, the global SSD controller market is expected to witness significant growth during the forecast period. South Korea, Japan, and China are creating immense opportunities for market growth, increasing demand for SSD controllers, and major SSD controller component manufacturers investing in China, especially in the production sector. of the country due to propulsive profitability in the SSD Controller manufacturing contributes to the growth of the global SSD Controller market in the region.
The COVID-19 outbreak has had a positive impact on the SSD controller market. The spread of the virus from China has led to lockdowns being imposed in various countries that have forced people to stay indoors to contain the spread of the deadly disease. Organizations have also allowed employees to work remotely to reduce transmission of the virus. The main driver of market growth will be the rapid increase in demand for cloud-based data centers. Data centers during the pandemic played an imperative role in serving as a central point of access to critical business data and applications. When working remotely, employees connect to the network. They should generally be using assets that are located somewhere in a data center environment. Cloud computing is further a need for remote working as it allows employees to access mission critical data and applications as well as collaborate with others in virtual workplaces. Such needs are responsible for the growing need for SSD controllers during the pandemic.
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