Solid State Drive Market Share

North American Market Forecasts

The SSD market in the North America is estimated to hold the largest revenue share of 35% by the end of 2037. Because of the increasing uptake of cutting-edge technologies like cloud, IoT, big data, and high-end cloud computing, North America is anticipated to be a significant market. The region's market is growing because of the rising need for storage brought on by the widespread use of these technologies. Strong vendor presence in the area supports the expansion of the market.  In order to boost product penetration, boost revenues, and accelerate the demand for the item in the area, regional producers are also concentrating on invention and product differentiation.  For example, Micron released the 5400 SATA SSD Advanced Memory System for Critical Infrastructure in June 2022. With the 5400 SSD, the company provides 176-layer NAND innovation to its data center SATA SSD.

Europe Market Statistics

The solid state drive market in the Europe is expected to grow substantially by the end of forecast period. The demand for solid state drives in Europe is being fueled by the rapid adoption of smart devices, rising investment to develop IT infrastructures, and a rapidly expanding use of cloud computing. Moreover, in the Europe region, Germany is predicted to dominate the regional market during the projected time period.