Solid State Drive Market Size - Industry Report On Share, Growth Trends & Forecasts Analysis (2025 - 2030)

Solid State Drive is Segmented by Form Factor (2. 5-Inch, M. 2, and More), Application (Enterprise/Data-Center, Client/Consumer Devices, and More), Storage Capacity (less Than 1 TB, 1 – 2 TB, and Others), End-User Industry (Cloud Service Providers, Gaming and Esports, and More), by Geography. The Market Forecasts are Provided in Terms of Value (USD).

Solid State Drive (SSD) Market Size and Share

Solid State Drive (SSD) Market (2025 - 2030)
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Solid State Drive (SSD) Market Analysis by Mordor Intelligence

The SSD market commands USD 61.30 billion in 2025 and is on course to touch USD 129.62 billion by 2030, advancing at a 16.16% CAGR. Sharply rising demand for enterprise AI training clusters, record hyperscaler capital outlays, and an ongoing migration from mechanical media toward high-performance solid-state arrays underpin this momentum. Vendors that combine high-layer NAND, advanced PCIe interfaces, and sophisticated thermal designs are positioned to benefit as data-center architects prioritise density, efficiency, and low latency. Pricing remains fluid because NAND producers now calibrate wafer starts and layer transitions to preserve margins, yet healthy demand signals enable them to pass through selective increases. Competitive intensity also rises; Chinese suppliers gain domestic share, prompting incumbents to accelerate high-capacity QLC offerings and service-oriented firmware updates.

Key Report Takeaways

  • By form factor, M.2 led with 42.70% of SSD market share in 2024, while EDSFF/E1.S is projected to expand at a 16.9% CAGR through 2030.
  • By application, enterprise deployments accounted for 45.1% share of the SSD market size in 2024; AI-optimised enterprise workloads are forecast to advance at a 17.5% CAGR to 2030.
  • By storage capacity, the 1–2 TB class held 47.3% of the SSD market size in 2024; capacities above 4 TB are set to climb at a 17.2% CAGR between 2025-2030.
  • By end-user industry, financial services retained 22.4% share in 2024, whereas cloud service providers are projected to record an 18.9% CAGR through 2030.
  • Geographically, North America commanded 26.7% revenue in 2024; Asia-Pacific is forecast to be the fastest-growing region at an 18.2% CAGR through 2030. 

Segment Analysis

By Form Factor: EDSFF Emergence Reshapes Enterprise Storage

M.2 preserved 42.70% of SSD market share in 2024 because its slim profile aligns with client devices and entry-level servers. EDSFF E1.S, however, is on track for a 16.9% CAGR through 2030 as cloud providers favor tool-less hot-swap sleds that fit denser racks while managing thermals. U.2 lingers where dual-port PCIe is mandatory, chiefly in financial trading hubs that prize HA topologies. E3.S variants enter pilot at hyperscalers that want PCIe 5.0 performance with EDSFF serviceability. Consumer boards continue to rely on M.2 because its absence of a caddy keeps BOM costs down, yet laptop OEMs already test CAMM and soldered BGA flash as QLC cost curves sink. Over the forecast period, enterprises will progressively widen procurement policies to include E1.S and, eventually, E3.S for Gen6 deployments.

Solid State Drive (SSD) Market
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Note: Segment shares of all individual segments available upon report purchase

By Application: AI-Optimised Enterprise Accelerates Beyond Traditional Deployments

Enterprise workloads held 45.1% of the SSD market size in 2024, yet AI-tuned deployments are slated to out-run broader enterprise storage, advancing at 17.5% annually. Financial analytics, risk modelling, and generative AI inference push storage architects to co-locate flash with accelerators, so rack plans now require fewer, larger drives to reduce cross-bar latency. The SSD market share for AI-optimised storage is set to exceed 30% by 2030 as GPUs proliferate across verticals.

Client devices still ship the largest unit volumes, but commoditisation suppresses margin. Smartphones adopt UFS 4.0 NAND that posts 4,200 MB/s reads, and thin-and-light laptops jump to 4TB modules as creators demand 8K project caches. Industrial controls and autonomous robots make up a small but growing niche; these applications run in −40 °C to 85 °C envelopes and expect 150k P/E cycles, so vendors like ATP Electronics leverage pSLC modes and ECC algorithms to satisfy extended duty requirements.

By Storage Capacity: High-Capacity Drives Address AI Data Requirements

The 1–2 TB tranche held 47.3% revenue in 2024 because it balances cost per GB with capacity needs in mainstream laptops and general-purpose servers. Still, SKUs beyond 4 TB will show a 17.2% CAGR through 2030 as AI repositories and data-lake consolidation reduce array counts. Hyperscalers already pilot 60 TB E3.S modules that yield 2.5 PB in a 2U tray, shrinking floor space and power cabling complexity.

Sub-1 TB capacities will remain in embedded modules such as automotive telematics units where cost per unit dominates. Consumer gaming rigs edge toward 4 TB to support texture-rich engines and DirectStorage APIs. At the ultra-high end, R&D labs test 122.88 TB prototypes that target “warm” AI training datasets; when commercialised, these drives could cut cluster drive counts by a factor of four and slash idle power via fewer on-board processors.

Solid State Drive (SSD) Market:
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Note: Segment shares of all individual segments available upon report purchase

By End-User Industry: Financial Services Lead While Cloud Providers Accelerate

Financial institutions owned 22.4% revenue share in 2024 as high-frequency traders and clearing houses require deterministic latency. They also adopt consumption-based storage plans that shift capex to opex, evidenced by DZ BANK’s use of evergreen leasing that refreshes SSD shelves without forklift upgrades. The SSD market size attributed to this vertical is projected to expand at 11% annually as real-time compliance analytics widen SSD footprints in regional banks.

Cloud service providers will experience the fastest pace at 18.9% CAGR because every layer of the IaaS-stack relies on flash when delivering AI inference at scale. Hyperscalers also quantify power per inference and increasingly publish PUE targets; all-flash displaces HDDs when watt-per-IOPS surpasses tipping points. Gaming publishers trail but remain steady as next-gen consoles ship with higher capacities and PC gamers upgrade to match UHD texture libraries. Government and defence budgets fund secure, self-encrypting SSDs with hardware root-of-trust and zeroisation capabilities; such certifications help niche suppliers differentiate against commodity flash.

Geography Analysis

North America controlled 26.7% of 2024 revenue, a position built on dense hyperscaler campuses and early AI adoption in financial and healthcare domains. The SSD market size for North America is forecast to grow to USD 31.4 billion by 2030, but its mid-teens CAGR lags Asia-Pacific because the installed base is already large. Investment tax incentives and an abundant colocation ecosystem sustain new module rollouts and keep channel inventory balanced. Enterprises in the region emphasise data-sovereignty; as a result, operators deploy zonal storage clusters across multiple metropolitan campuses to tighten data-residency compliance.

Asia-Pacific exhibits the fastest CAGR at 18.2% thanks to Chinese, South Korean, and Japanese fabs that secure local supply even when export controls tighten. Four of the ten largest SSD brands are now Chinese, and together they captured 23% global unit share during Singles’ Day 2024 promotions. Domestic hyperscalers such as Alibaba Cloud and Tencent Cloud integrate those drives into white-box servers, accelerating volume ramp. Government programmes offering tax holidays for semiconductor investments further stimulate bit output, and regional colocation players in India and Indonesia open new zones that pair domestic compute with low-latency storage.

Europe concentrates on carbon budgeting and circular-economy targets, so operators favour SSD lines with endurance analytics, power-loss protection, and verified recycling paths. Market growth remains healthy but modest because energy caps and site permitting slow hyperscale green-field builds. Instead, brown-field retrofits that replace HDDs with flash in existing shells form the bulk of shipments. Middle East data-center projects in Saudi Arabia and UAE add incremental upside, whereas Africa stays early in the adoption curve, with edge caching for telco applications as the first use case.

Solid State Drive (SSD) Market
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Competitive Landscape

Samsung retains leadership through vertical NAND integration and an aggressive node cadence, despite facing ASP pressure. SK Hynix vaults to second place after acquiring Intel’s NAND unit and folding it into Solidigm, giving it both capacity and enterprise firmware IP. Western Digital and KIOXIA collaborate on wafer-fab joint ventures, balancing risk while advancing BiCS FLASH layers. Chinese entrants, notably YMTC and its Zhitai brand, leverage domestic demand and state finance to undercut incumbent pricing, resulting in 2024 e-commerce rankings where a local brand topped Samsung for the first time.

Strategy now centres on AI-oriented offerings rather than raw sequential speed. Solidigm integrates cache-aware software that lowers write-amplification to 1.02× when feeding GPT workloads. KIOXIA partners with Kyocera on optical connectors that dissipate heat outside the package, an approach targeting PCIe 6.0. SK Hynix introduces enterprise SSDs featuring periodical self-test routines aligned with AI model checkpoints, letting operators predict replacement windows before an inference cluster degrades.

Smaller vendors carve niches in industrial and automotive where extended temperature and functional-safety ratings command premiums. ATP Electronics ships pSLC-mode drives rated for 125 °C, useful in under-hood domain controllers. Phison positions its reference designs toward VARs that bundle firmware source code, empowering integrators to build domain-specific fail-in-place features. Overall, competition heightens but remains moderately concentrated; the top five brands collectively hold slightly above 70% of 2024 revenue, leaving meaningful room for specialists that focus on ruggedised, secure, or ultra-dense workloads.

Solid State Drive (SSD) Industry Leaders

  1. Intel Corporation

  2. Samsung Group

  3. Western Digital Corporation

  4. Kingston Technology Corporation

  5. Micron Technology Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Solid State Drive (SSD) Market Concentration
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Recent Industry Developments

  • March 2025: SK Hynix closed Intel’s NAND technology purchase for USD 1.9 billion, finalising integration of the acquired IP into its enterprise roadmap.
  • March 2025: KIOXIA introduced the LC9 Series 122.88 TB NVMe SSD built on 8th-gen BiCS FLASH and PCIe 5.0 to serve AI training clusters.
  • February 2025: PNY launched aiDAPTIV+ SSDs that couple firmware and software hooks for scalable LLM training on-prem without data-sharing risks.
  • January 2025: Lenovo agreed to acquire Infinidat, broadening its high-end storage line and opening cross-sell options into hyperscale contracts.
  • January 2025: Pure Storage and Micron expanded collaboration around Micron G9 QLC NAND to slash hyperscale power envelopes.

Table of Contents for Solid State Drive (SSD) Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rapid NVMe and PCIe Gen4-5 penetration in data centers
    • 4.2.2 Cloud-hyperscaler build-outs boosting SSD demand
    • 4.2.3 OEM Integration in Smartphones and Tablets
    • 4.2.4 NAND USD/GB decline widening addressable base
    • 4.2.5 AI/ML training servers' need for high-endurance QLC and TLC
    • 4.2.6 Edge-computing shift to hot-swappable E1.S / EDSFF
  • 4.3 Market Restraints
    • 4.3.1 SSD price premium over HDD in cold-storage tiers
    • 4.3.2 NAND supply-chain and price volatility
    • 4.3.3 Limited write-endurance versus HDD for archival use
    • 4.3.4 Thermal throttling and power-draw challenges in PCIe Gen5
  • 4.4 Supply-Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter's Five Force Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products
    • 4.7.5 Intensity of Competitive Rivalry
  • 4.8 Assesment of Macroeconomic Factors on the Market

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Form Factor
    • 5.1.1 2.5-inch
    • 5.1.2 M.2
    • 5.1.3 U.2
    • 5.1.4 Others
  • 5.2 By Application
    • 5.2.1 Enterprise / Data-Center
    • 5.2.2 Client / Consumer Devices
    • 5.2.3 Industrial and Automotive
    • 5.2.4 Others (Edge, Surveillance, IoT)
  • 5.3 By Storage Capacity
    • 5.3.1 Less than 1 TB
    • 5.3.2 1 - 2 TB
    • 5.3.3 Others
  • 5.4 By End-user Industry
    • 5.4.1 Cloud Service Providers
    • 5.4.2 Gaming and Esports
    • 5.4.3 Financial Services
    • 5.4.4 Government and Defense
    • 5.4.5 Others
  • 5.5 By Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
    • 5.5.2 South America
    • 5.5.2.1 Brazil
    • 5.5.2.2 Argentina
    • 5.5.2.3 Colombia
    • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 France
    • 5.5.3.4 Italy
    • 5.5.3.5 Spain
    • 5.5.3.6 Rest of Europe
    • 5.5.4 Asia-Pacific
    • 5.5.4.1 China
    • 5.5.4.2 Japan
    • 5.5.4.3 South Korea
    • 5.5.4.4 India
    • 5.5.4.5 Taiwan
    • 5.5.4.6 Rest of Asia-Pacific
    • 5.5.5 Middle East and Africa
    • 5.5.5.1 Middle East
    • 5.5.5.1.1 Saudi Arabia
    • 5.5.5.1.2 United Arab Emirates
    • 5.5.5.1.3 Turkey
    • 5.5.5.1.4 Rest of Middle East
    • 5.5.5.2 Africa
    • 5.5.5.2.1 South Africa
    • 5.5.5.2.2 Nigeria
    • 5.5.5.2.3 Egypt
    • 5.5.5.2.4 Rest of Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 Samsung Electronics Co. Ltd.
    • 6.4.2 Western Digital Corporation
    • 6.4.3 SK hynix Inc. (incl. Solidigm)
    • 6.4.4 Micron Technology Inc.
    • 6.4.5 Kioxia Holdings Corporation
    • 6.4.6 Seagate Technology LLC
    • 6.4.7 Kingston Technology Corporation
    • 6.4.8 ADATA Technology Co. Ltd.
    • 6.4.9 Transcend Information Inc.
    • 6.4.10 Crucial (Micron Consumer)
    • 6.4.11 Silicon Motion Technology Corp.
    • 6.4.12 Marvell Technology Group
    • 6.4.13 Phison Electronics Corp.
    • 6.4.14 Corsair Memory Inc.
    • 6.4.15 Patriot Memory LLC
    • 6.4.16 Team Group Inc.
    • 6.4.17 PNY Technologies Inc.
    • 6.4.18 G.SKILL International Enterprise
    • 6.4.19 Intel Corporation
    • 6.4.20 Sabrent

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

  • 7.1 White-space and Unmet-need Assessment
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Global Solid State Drive (SSD) Market Report Scope

A solid-state drive (SSD) is a nonvolatile storage media that stores persistent data on solid-state flash memory. SSD is faster, quieter, and generally preferable as compared to hard disk drives (HDD). With a larger capacity, faster speed, and friendlier price, SSD are expected to replace HDDs in the near future comprehensively.

The Solid State Drive (SSD) Market is segmented by SSD Interface (SATA, SAS, PCIE), by application (enterprise, client), and by geography (North America, Asia Pacific, Europe, and Rest of the World). The report offers market forecasts and size in value (USD) for all the above segments.

By Form Factor 2.5-inch
M.2
U.2
Others
By Application Enterprise / Data-Center
Client / Consumer Devices
Industrial and Automotive
Others (Edge, Surveillance, IoT)
By Storage Capacity Less than 1 TB
1 - 2 TB
Others
By End-user Industry Cloud Service Providers
Gaming and Esports
Financial Services
Government and Defense
Others
By Geography North America United States
Canada
Mexico
South America Brazil
Argentina
Colombia
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific China
Japan
South Korea
India
Taiwan
Rest of Asia-Pacific
Middle East and Africa Middle East Saudi Arabia
United Arab Emirates
Turkey
Rest of Middle East
Africa South Africa
Nigeria
Egypt
Rest of Africa
By Form Factor
2.5-inch
M.2
U.2
Others
By Application
Enterprise / Data-Center
Client / Consumer Devices
Industrial and Automotive
Others (Edge, Surveillance, IoT)
By Storage Capacity
Less than 1 TB
1 - 2 TB
Others
By End-user Industry
Cloud Service Providers
Gaming and Esports
Financial Services
Government and Defense
Others
By Geography
North America United States
Canada
Mexico
South America Brazil
Argentina
Colombia
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific China
Japan
South Korea
India
Taiwan
Rest of Asia-Pacific
Middle East and Africa Middle East Saudi Arabia
United Arab Emirates
Turkey
Rest of Middle East
Africa South Africa
Nigeria
Egypt
Rest of Africa
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Key Questions Answered in the Report

What is the current SSD market size and how fast is it growing?

The SSD market size stands at USD 61.30 billion in 2025 and is forecast to register a 16.16% CAGR, reaching USD 129.62 billion by 2030.

Which form factor will expand the fastest over the next few years?

EDSFF/E1.S designs are projected to grow at a 16.9% CAGR through 2030 as hyperscalers migrate from legacy U.2 and M.2 trays to denser, hot-swappable sleds.

How is AI adoption changing enterprise SSD requirements?

AI training clusters demand high-capacity QLC or TLC SSDs with elevated write endurance, leading suppliers to release drives exceeding 60 TB and controllers optimised for massive parallel reads.

Why do NAND prices remain volatile even as technology advances?

Producers cut output during downturns and then raise prices to safeguard margins; consolidation and export-control dynamics concentrate supply decisions among fewer fabs, amplifying price swings.

Which region will contribute most to incremental SSD growth?

Asia-Pacific will add the most incremental revenue, expanding at an 18.2% CAGR to 2030 thanks to local manufacturing scale and aggressive hyperscaler rollouts.

Are thermal challenges a serious obstacle to PCIe Gen5 SSD deployment?

Yes. Drives can throttle sharply without adequate cooling, so data-center operators must pair Gen5 deployments with improved chassis airflow and controller firmware tuned for temperature management.

Page last updated on: June 20, 2025

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