India is the fastest growing market for data storage devices. Over the last three years, India posted augmented growth in high-end storage devices, wherein enterprise segment being the largest contributor. Surging big data and cloud computing markets played significant role in shaping overall data storage device market in India. In India’s data storage device market, Solid State Drive (SSD) is currently at its growing stage, which accounts for marginal share in the overall market; however the segment is registering exponential growth.
According to 6Wresearch, India solid state drive market is forecast to reach $128 million by 2022. Until 2015, data storage device market is dominated by Hard Disk Drive (HDD) segment acquiring nearly 90% of the share, though is witnessing year-over-year decline. Apart from external HDD which currently accounts for over 20% of overall HDD shipment, internal HDD’s demand is further projected to decline owing to market saturation and growing adoption of NAND flash memory storage devices, predominantly SSDs.
According to Rajat Kharbanda, Senior Consultant, Research and Consulting, 6Wresearch, “Entry-level SSDs accounted for majority of SSD unit shipments in 2015, wherein 64-120GB capacity based SSDs were mostly shipped, followed by 256-500GB, 512GB and above.”
“In the forecast period, enterprise end user segment is expected to record key growth owing to rising penetration of eMLC SSDs. Also, increasing penetration and declining prices would spur the growth of the market” Rajat further added.
According to Prijo Samuel, Senior Research Analyst, Research and Consulting, 6Wresearch, “TLC 3D NAND, a new technology in SSD market registered exponential growth in India; Samsung being the largest supplier.”
“Additionally, other players such as Intel, Micron, SanDisk and Toshiba are expected to introduce their first TLC 3D NAND technology based SSDs by 2016 resulting further growth in SSD market.” Samuel concluded.
The major companies in India solid state drive market include- ADATA, HP, IBM, Intel, Kingston, Lite-On, Crucial (Micron), Samsung, SanDisk, Seagate and Transcend.
“India Solid State Drive Market (2016-2022)” provides in-depth analysis with 62 figures and tables covered in more than 115 pages. The report estimates and forecast overall India solid state drive market by revenue & unit shipment, by NAND flash memory type & interface type of SSD and end users including consumer and enterprise. The report also gives the insights on competitive landscape, market share by companies, companies’ benchmarking, company profiles, market trends, market drivers and restraints.
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