Europe Solid State Drives Market Outlook, 2027

A solid-state drive is a type of non-volatile storage device widely used in computers. Solid-state drive stores persistent data on flash memory grids. Each grids/blocks can store 256 KB to 4 MB. Solid-state drives are expected to replace traditional hard drive disks by performing the basic function with much more efficiency. Increasing penetration of the internet including rising storage needs is projected to trigger the solid-state drive market in European region. More than 90% of the Europe population has adopted the internet coupled with various consumer electronics. The requirement of high speed along with the large data storage capacity in consumer electronics has boosted the growth of the Europe solid-state drive market. In addition to that, cloud computing and data centers are key end users for Europe solid-state drive market. Industries are aiming to accelerate infrastructures for data centers and cloud computing due to high demand for digital transformation in Europe. Various government agencies across the region have invested in cloud computing initiatives, augmenting the adoption of solid-state drives storage system in the region.

According to the research report “Europe Solid-State Drive Market Outlook, 2027" published by Bonafide Research, solid-state drive market is anticipated to have significant market growth with 16.97% CAGR by 2027. Increasing internet availability, growing online commerce industry, digitalization of casual activities and increasing volume of media data transfer are expected to drive the Europe solid-state drive market during the forecast period. Europe solid-state drive market is segmented into six major countries which includes Germany, United Kingdom, France, Italy, Spain and Russia. Among these countries, United Kingdom is forecasted to have maximum market share by the forecast period. More than 93% of population in United Kingdom is directed towards the technology revolution through adopting consumer electronics. This factor implies in higher demands of secured data storage which is expected to boost the solid-state drive market. Solid-state drives are available in various storage sizes in Europe which includes the under 500 GB, 500 GB- 1 TB, 1 TB- 2 TB and more than 2 TB. Among these storage sizes, the under 500 GB storage size is anticipated to acquire more than 50% of market share. This segment is most efficient for high-scale data storage as well as it is cost-efficient. Due to these qualities, the under 500 GB storage size solid-state drive is widely adopted in Europe region.

According to the report, Europe solid-state drive market is segmented into two major end users which are client solid-state drive and enterprise solid-state drives. These both segments are anticipated to have active participation in accelerating the Europe solid-state drive market growth. Increasing penetration of consumer electronics directs towards the rising demands for client solid-state drive storage device. With that a growing number of enterprise data centers that require high data throughput and low latency are concentrating towards solid-state drives. Further, based on the interface, Europe solid-state drive market is segmented into three types which are SATA (serial advanced technology attachment) interface, SAS (serial attached SCSI) interface and PCIe (peripheral component interconnect express) interface. Among these interfaces, SATA interface is expected to occupy more than 60% of market share during the forecast period. For Europe, SATA is a next generation of mass storage device communication interface. Due to high speed data transactions over traditional hard-disk drives, Europe is expected to hold second highest market share for solid-state drive market following North America.

Impact of Covid-19 on Europe Solid-State Drive Market:
Europe suffered an economic hit due to the lack of revenues from various industries due to Covid-19 outbreak. The immergence of new variants of Covid-19 in United Kingdom and other prominent European countries have hampered the supply chain of solid-state drives across the region. Europe is accounted to be home for well-established automotive industry which accelerated the solid-state demands in the region. During pandemic, the demands and adoption of solid-state disk in automotive reduced in Europe; however, Europe resume the production and adoption of solid-state drives also began. During the covid-19 pandemic, consumer electronics storage device accelerated the demands for solid-state drives due to the increased preference for online learning and remote working.

Major Companies present in the market:
Samsung Electronics Co. Limited, Kingston Technology Corporation, Western Digital Corporation, Seagate Technology Holdings Public Limited, Intel Corporation, Adata Technology Co. Ltd, Kioxia Holdings Corporation, Micron Technology, Inc., SK Hynix Inc., Transcend Information Inc., LITE-ON, ASUS, Dell Technologies, Viking, TDK Corporation, NetApp, Micro center, GIGABYTE, Bell Microproducts (Avnet, Inc.), Corsair, G.SKILL International Enterprise Co., Limited, Microsemi Corporation, Hangzhou Hikstorage Technology Co., Limited, Silicon Power Computer and Communications Inc.

Considered in this report
• Geography: Europe
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Europe Solid-State Drive market with its value and forecast along with its segments
• Country wise market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report
• Germany
• United Kingdom
• France
• Italy
• Spain
• Russia

By End User of Solid-State Drive in the report:
• Client SSD
• Enterprise SSD
• Others

By Interface in the report:
• SATA
• SAS
• PCIE

By Storage Size in the report:
• Under 500 GB
• 500 GB–1 TB
• 1 TB – 2 TB
• Above 2 TB

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning. Post this we have started doing primary calls to industry people by equally segmenting in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry manufactures, consultants, Key vendors related to Digital Storage industry. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Manmayi Raval

Research Consultant

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