The global SSD controller market was valued at USD 7.42 billion in 2018; it is expected to reach USD 19.04 billion by the end of the forecast period at a CAGR of 14.60%.
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.
Segmental Analysis
By type, the market has been segmented into multi-level cells (MLC), single-level cells (SLC), triple-level cells (TLC). During the forecast period the multi-level cells (MLC) segment is expected to dominate the SSD controller market, while the triple-level cells (TLC) segment is expected to grow at the highest CAGR during the forecast period.
The market has been segmented by storage interface into SAS, SATA, PCIe. The SATA segment leads the SSD controller market and is poised to continue its dominance over the forecast period. During the forecast period the PCIe segment is expected to grow at a significant pace.
The SSD controller market was segmented by application into data center, business, consumer, and retail. In 2018, the data center segment dominated the SSD controller market and is expected to contribute a significant market share of revenue over the forecast period. Customer segment is likely to record high CAGR over the forecast period.
Leading Key Players in SSD Controller Market are:
- Marvell Technology Group (UK)
- Samsung (South Korea)
- Intel (US)
- Toshiba (Japan)
- Western Digital (US)
- Micron Technology Inc. (US)
- NetApp (US)
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