What is the Anticipated Market Size & Growth for the Global SSD Controllers Market?
The SSD controllers market size has noted a significant growth in recent years and is forecasted to accelerate from $31.19 billion in 2024 to $36.38 billion in 2025 at a compound annual growth rate (CAGR) of 16.6%. This historical period growth can be connected to the increasing demand for SSDs, escalating needs for performance, consumer electronics, data center growth, and cost reductions.
While the SSD controllers market is expected to witness a swift growth surge in the upcoming years, reaching $59.78 billion in 2029 at a compound annual growth rate (CAGR) of 13.2%. This growth in the forecast period can be linked to the emergence of modern memory technologies, international expansion and emergence of new markets, the introduction of 5G and edge computing, advancements in smart manufacturing and IoT, along with standardization and industry initiatives. The forecast period will also witness major trends such as NVME adoption, QLC NAND support, PCIe 4.0 and 5.0 support, integration of AI, and machine learning and QLC NAND support.
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What Are the Key Drivers Accelerating the SSD Controllers Market Growth?
The escalating demand for cloud-based data centers is projected to boost the SSD controller’s market growth. An enterprise rents infrastructure maintained by a third-party partner and accesses data center resources through the Internet rather than maintaining its infrastructure. This rising demand for data centers subsequently leads to amplifying needs for data storage, which in turn, results in the demand for SSD controllers. A prominent example of this trend is when public cloud service revenue soared to over $415 billion in 2022, up from $343 billion in 2021, and is expected to reach $526 billion in 2023 according to AAG IT Services, a UK-based non-government organization.
Which Are the Major Segments in the Global SSD Controllers Market?
1) By Type: Single Level Cell, Multi Level Cell, Triple Level Cell
2) By Storage: SATA, SAS, PCIe
3) By End-User: Enterprise, Automotive, Industrial, Other End-Users
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Who Are the Major Players Transforming the SSD Controllers Market?
Prominent 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, Seagate Technology LLC, Microsemi Corporation, and others.
What Are the Emerging Trends in the SSD Controllers Market?
One of the prime trends in the SSD controllers’ market which is shaping its landscape is the development of innovative products such as Phison E31T to meet the growing demand. Manufactured using a 7nm process and powered by an ARM Cortex-R5 CPU, it is equipped with four memory channels, offering improved power efficiency.
Which Region is Set to Witness the Highest Growth in the SSD Controllers Market?
In 2024, North America was the largest region in the SSD controllers market. However, the Asia-Pacific region is anticipated to be the fastest-growing region in the SSD controllers market share during the forecast period.
Market Definition: What Does The SSD Controllers Market Report 2025 Offer?
SSD controllers manage the data flow between the host system and the flash memory in solid-state drives. They optimize performance, enable error correction, and handle wear leveling to prolong the lifespan of the storage device. The SSD Controllers Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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