Press release
SSD Controllers Market Outlook 2024: Exclusive Report By The Business Research Company | Marvell Technology Group Ltd., Samsung Electronics Co. Ltd., Intel Corporation, Toshiba Corporation,
SSD Controllers Market Size
The Business Research Company offers in-depth market insights through SSD Controllers Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The ssd controllers market size has grown rapidly in recent years. It will grow from $26.97 billion in 2023 to $31.67 billion in 2024 at a compound annual growth rate (CAGR) of 17.5%. The growth in the historic period can be attributed to increasing demand for ssds, performance demands, consumer electronics, data center growth, cost reductions..
The ssd controllers market size is expected to see rapid growth in the next few years. It will grow to $54.6 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%. The growth in the forecast period can be attributed to emerging memory technologies, international expansion and emerging markets, 5g and edge computing, smart manufacturing and iot, standardization and industry initiatives. Major trends in the forecast period include nvme adoption, qlc nand support, pcie 4.0 and 5.0 support, ai and machine learning integration,qlc nand support..
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Market Segmentation:
The main types of SSD controllers are single level cell, multi-level cell and triple level cell. Single level cell (SLC) flash refers to a form of solid-state storage that holds one bit of data per cell. SSD controller's storage are SATA, SAS and PCIe that are used by enterprise, automotive, industrial and other users.
Major Driver - Rising Demand For Cloud-Based Data Centers Spurs Ssd Controllers Market Growth
The increasing demand for cloud-based data centers is expected to propel the growth of the SSD controllers market. A cloud data center relocates a typical on-premise data center to a different location. An enterprise rents infrastructure maintained by a third-party partner and accesses data center resources through the Internet rather than maintaining its infrastructure. Increasing demand for data centers leads to the need for data storage, resulting in the demand for SSD controllers. For example, in October 2021, Amazon Web Services (AWS) spent $35 billion on cloud computing infrastructure in Northern Virginia, highlighting the huge impact data centers can have on regional economies. According to the United States International Trade Commission (USITC), as of January 2021, there were around 8,000 data centers in the world. The United States (33% of the total), the United Kingdom (5.7%), Germany (5.5%), China (5.2%), Canada (3.3%), and the Netherlands (3.4%) are the nations with the most data centers. Therefore, the increasing demand for cloud-based data centers is driving the SSD controllers market.
Competitive Landscape:
Major companies operating in the ssd controllers market include Marvell Technology Group Ltd., Samsung Electronics Co. Ltd., Intel Corporation, Toshiba Corporation, Western Digital Corporation, Micron Technology Inc., NetApp Inc., International Business Machines Corporation (IBM), Phison Electronics Corporation, Silicon Motion Technology Corporation, Fusion-io Inc., Seagate Technology LLC, Microsemi Corporation, Mushkin Inc., Lexar Media Inc., G.Skill International Enterprise Co. Ltd., Violin Memory Inc., Corsair Components Inc., Best IT World (India) Pvt. Ltd., CNEX Labs Inc., Greenliant Systems Ltd., Hyperstone GmbH, Kioxia Corporation (formerly Toshiba Memory Corporation), SK hynix Inc., Realtek Semiconductor Corp., ADATA Technology Co. Ltd., Kingston Technology Corporation, Synopsys Inc., NXP Semiconductors N.V.
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Top Trend - Innovative Ssd Controllers To Revolutionize The Ssd Market
Major companies operating in the SSD controllers' market are developing innovative products such as Phison E31T to meet the growing demand for SSD controllers. Phison E31T is a PCIe 5.0 SSD controller designed for SSDs that delivers up to 10 GB/s speed. For instance, in June 2023 Phison Electronics Corporation, a Taiwan-based electronics company announced the launch of Phison E31T. It is manufactured using a 7 nm process and is powered by an ARM Cortex-R5 CPU. The controller is equipped with four memory channels, a decrease from the previous eight, and this configuration could result in improved power efficiency, in part due to the absence of a DRAM cache.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. SSD Controllers Market Characteristics
3. SSD Controllers Market Trends And Strategies
4. SSD Controllers Market - Macro Economic Scenario
5. SSD Controllers Market Size And Growth
…..
27. SSD Controllers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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