Data Center SSDs Market Size, Share, Competitive Landscape and Trend Analysis Report, by Interface, by Form Factor, by Technology, by Storage and, by End User : Global Opportunity Analysis and Industry Forecast, 2023-2032

COVID-19 impact analysis

The COVID-19 pandemic has a negative impact on the data center SSDs market, with manufacturing activities being temporarily halted across major manufacturing hubs, resulting in a significant production slowdown. People are becoming significantly more isolated as a result of increased restrictions on public meetings and travel. Due to supply chain delays, stock market instability, halting of airlines, and business dealing in the data center SSDs business are also feeling the effects of the COVID-19 pandemic. It has directly impacted production and demand for data center SSDs causing supply chain and market disruption. As airports are shut down due to lockdown restrictions, the use of data center SSDs is halted, thereby negatively impacting the data center SSDs market share. 

Top impacting factors

Relational analytic is concerned with data processing and code execution methods. Smart SSDs are flash storage devices that include memory and computing resources for processing relational analytic queries. The computation functionality in SSDs will be used to improve the performance of relational analytics for widely distributed data. This reduces the amount of processing power required by the host machine while increasing the effective computing power of servers or appliances. Instead of traditional processors, smart SSDs use their own processor, which is highly efficient in terms of overall price/performance ($/MHz ratio). As a result, incorporating data processing in smart SSDs can reduce the overall energy consumption of the database server/appliance. This will eventually lower the overall cost of running the database system. In relational databases, metadata can also be cached on SSDs. This will aid in the acceleration of large databases in terms of queries, sorting, and calculations. As a result, smart SSDs will eventually provide a way to commoditize a new type of data processing. However, the cost of 1 GB of SSD storage is higher than that of an HDD. For example, a 1 TB internal HDD costs approximately $0.07 per GB, whereas an SSD of the same capacity costs approximately $0.30 per GB. Even though the price of NAND flash memory has recently dropped dramatically, SSDs are still more expensive than HDDs. However, with the introduction of 3D NAND storage solutions, this trend may not continue in the future. Because of increasing SSD capacities and falling SSD prices, 3D NAND has become a game changer for the storage industry. SSDs would be able to expand their capacities far beyond the size of hard drives thanks to 3D NAND. Furthermore, SSD has a shorter lifespan than HDD; SSD has a limited write cycle as the flash memories in SSDs can only be used for limited number of writes. This is also one of the parameters associated with the cost of SSD-based storage infrastructure.

Market trends

Surge in adoption of high-end cloud computing

Cloud computing is quickly becoming one of the most popular methods for businesses and consumers to back up and archive their data. The growing number of cloud platforms, from traditional corporate private and new public clouds to personal clouds in homes, has driven up demand for SSDs. SSDs with new interfaces such as PCIe, NVMe, and others have emerged as a result of technological advancements in solid state storage. Improved features such as fast data access and high speed encourage the use of PCIe SSDs for cloud computing. New PCIe SSDs provide high performance, high frequency, and low latency. A solid-state drive with these features is required for a variety of complex operations in data-sensitive industries such as financial services, life sciences, and energy management, where every microsecond of latency result in a significant revenue loss.

Key benefits of the report

• This study presents the analytical depiction of the data center SSDs market industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the data center SSDs market share.
• The current market is quantitatively analyzed to highlight data center SSDs market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed data center SSDs market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in data center SSDs market report research

• What are the leading market players active in the data center SSDs market size?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future would help in taking further strategic steps?
  • Upcoming report specific FAQs examples:  
    • What are data center SSDs?
    • What does data center SSDs allow organizations to achieve?
    • Which technologies combine to make data center SSDs a critical organizational asset?
    • What are the key benefits of the data center SSDs market report?
    • Which niches should companies associated with recent improvements establish a presence in?