According to a research report titled ‘North America Solid State Drive Market Size By Technology, By Interface, By Storage, By Application, Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026’, available with Market Study Report, North America solid state drive market valuation is projected to cross the USD 50 billion mark by the end of the forecast period 2020-2026.
 

Report findings claim that exceptional rise in the number of data centers across telecom, IT, and retail sectors is propelling North America solid state drive industry growth. Moreover, heavy investments by industry players to ensure high performance and enhanced data access are also stimulating the overall market development.
 

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Increasing demand for solid state drives (SSD) in in-vehicle infotainment (IVI) applications, such as navigation, 3D mapping, and entertainment is also adding substantial traction to industry development, claims the study.
 

Considering storage type, the business vertical is split into <500 GB, 500 GB- 1TB, 1TB-2TB, and >2TB. Based on interface, the market is classified into Peripheral Component Interconnect Express (PCIe), Serial Attached SCSI (SAS), and Serial ATA (SATA).
 

The PCIe interface segment captured over 9% of North America solid state drive market share in 2019 and is projected to record a CAGR of over 14% through 2026. This can be attributed to rapid adoption of PCIe in consumer electronics applications due to high speed in read and write operations, fast processing of devices, and low power consumption.
 

By technology type, the industry segmentation comprises multilevel cell (MLC), single level cell (SLC), and triple level cell (TLC). Among these, triple level cell (TLC) technology segment is expected to bolster owing to rising deployment of 3D NAND technology in consumer electronics industry. The technology demand is largely fueled by low cost SSD and high storage requirements.
 

Moving on to application scope, North America solids state drive industry is arrayed into client, and enterprise. Among these, client application held more than 90% of the market share in 2019 and is expected to register a healthy CAGR of 17% through 2026. This can be ascribed to technological innovations in artificial intelligence, smart homes, & smart devices, as well as mounting demand for compatible memory storage solutions in computers and laptops.
 

Elaborating further, the enterprises application segment captured more than 30% market share in 2019 and is estimated to record a CAGR of 17% over the forecast period 2020-2026. owing to gradual shift towards cloud-based operations.
 

On the regional front, Canada industry held over 5% market share in 2019 and is poised to expand at a robust rate. Factors such as high concentration of IT companies and telecom operators, strong demand for data centers, and expanding footprint of digitalization & online education in businesses are likely to propel regional market growth.
 

Prominent players in North America solid state drive market sphere are Western Digital Corp., Viking Technology (Sanmina Corp.), SK hynix Inc., Seagate Technology Holdings PLC, Samsung Electronics Co. Ltd., NetApp Inc., Mushkin Enhanced MFG, Microsemi Corp., Micron Technology Inc., Kioxia America Inc. (Kioxia Corp.), Kingston Technology Corp., Intel Corp., Bitmicro Networks Inc., and Adata Technology Co. Ltd.