Market Overview

In its research report, Market Research Future (MRFR), highlights that over the review period , the global market 2020 is poised to increase significantly, ensuring substantial market valuation of USD 19.04 billion and a healthy 14.60% CAGR over the review period.

Drivers and Restraints

One of the key drivers of demand for SSD controllers is the growing rise in demand for cloud-based data centres. The low cost of accessing the cloud contributes to increased demand for public cloud storage. This has resulted in the increasing demand for data centers which can store large amounts of data and require highly data-intensive operations. When businesses are more inclined towards cloud-based operations, there has been a massive increase in the number of mega data centers; this is expected to fuel demand for SSD controllers in the years ahead.

One of the main factors affecting the growth of the demand for SSD controllers is the growth of 3D NAND technology that has brought revolution in electronic storage. 3D NAND technology offers a variety of advantages, including low power consumption and improved endurance compared to a planar design. These architectures are one-dimensional, and therefore more data can be stored by increasing its density. This results in an increase in SSD capacities and a fall in prices.

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Segmental Analysis

The global SSD controller market growth is segmented into three types: multi-level cell, single-level cell, and triple-level cell. Due to the increased production activities of new technologies such as 3D Flash and MLC, multi-level cell (MLC) is expected to dominate the market over the projection period. MLC offers many advantages over single-level cells, such as a lower cost and higher performance for a corporate SSD. Because of the higher data density, MLC has a lower cost per storage unit, which is a significant advantage. Furthermore, many SSD controller manufacturers are producing many MLC SSDs for business use. This is accelerating the global market's expansion.

The global SSD controller market growth is divided into four segments based on application: data centre, client, enterprise, and retail. Because of the rising need for controllers in the expanding number of data centre facilities worldwide, the data centre segment is expected to dominate the global market. Furthermore, the enterprise segment is expected to develop at a high rate throughout the forecast period.

Regional Assessment

The global market geographic overview was conducted in four major regions including Asia Pacific , North America, Europe and the rest of the world. North America is expected to dominate the SSD controller market amongst the aforementioned regions. The broad adoption of SSD controller technology in advanced computing systems, growth of cloud computing, and proliferating big data analytics is contributing to the growth of the industry. SSD controller technology is used largely in data centers. Asia-Pacific is expected to grow in the forecast period, at the highest CAGR. The region's leading countries include China, Japan and South Korea are generating immense potential for the SSD controller industry to expand. Europe is also projected to see tremendous demand for SSD controller technology owing to the demand from the automobile industry inside the consumer market.

Competitive Analysis

The major market players operating in the global market as identified by MRFR are  Samsung (South Korea), Marvell Technology Group (UK), Intel (US), Toshiba (Japan), Micron Technology, Inc. (US), Western Digital (US), NetApp (US), IBM (US), Silicon Motion Technology Corporation (Taiwan), Phison Electronics Corporation (Taiwan), and SandForce (US). Apart from the key players, there are other players and regional players that contribute to the market growth. These include CNEX Labs, Inc. (US), OCZ (US), Realtek Semiconductor Corp. (Taiwan), ADATA Technology Co., Ltd. (Taiwan), and Foremay (US).

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About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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