Middle East & Africa Solid State Drives Market - Industry Size, Opportunity, Growth, Demand, & Forecast To 2027

A solid-state drive is a storage device that reads, writes and stores data permanently without a constant power source. Unlike traditional hard-disk industries, solid-state drives do not consist of moving parts and provide instant access times. A solid-state drive is more advanced and sophisticated form of a USB memory stick. As the internet penetration in the Middle East & Africa region is making sound growth, the demand for solid-state drives is expected to rise. In 2021, 75% of the Middle East & African population was considered internet users. Many organizations in the Middle East & Africa region have shifted their focus toward digital transformations that would result in higher demands for solid-state drives in the Middle East & Africa region. Higher adoption of data centers is due to an increased usage of IoT (internet of things) devices, big data analytics, and artificial intelligence across the region. According to the report, the solid-state drive market is segmented into two types of end users: client solid-state drive and enterprise solid-state drive. Among these end users, the enterprise solid-state drive segment is anticipated to lead the market with more than 50% market share in Middle East & Africa. Constant innovation in enterprise solid-state drive in the region has accelerated revenue generation from the segment. In the Middle East & Africa, there is substantial demand for cutting-edge storage technologies in enterprises that propels the solid-state drive market growth. 

According to the research report "The Middle East & Africa Solid-State Drive Market Outlook, 2027," published by Actual Market Research, the solid-state drive market is forecasted to have a 21.53% CAGR. The region plays an important role in the growth of the global solid state drive market. The Middle East & Africa solid-state drive market is segmented into three major countries: United Arab Emirates, Saudi Arabia, and South Africa. Among these countries, Saudi Arabia is expected to have the highest market share during the forecast period. South Africa is anticipated to be the fastest growing country in the Middle East & Africa region. Increasing investments by the government to support and promote digitalization in Saudi Arabia is expected to propel the solid-state drive market. 

According to the report, the Middle East & Africa solid-state drive market is segmented into four storage sizes: the under 500 GB, 500 GB- 1 TB, 1 TB- 2 TB, and above 2 TB. Among these segments, the under 500 GB storage size has been effective from laptops to higher-scale data centers. This segment is anticipated to lead the solid-state drive market with more than 50% market share in Middle East & Africa. Due to efficient qualities such as high-speed operations per second and appropriate for extensive store capabilities, the under 500 GB storage size is projected to witness higher market growth during the forecast period. Based on the interface, the Middle East & Africa solid-state drive market is segmented into three types, including SATA (serial advanced technology attachment) interface, SAS (serial attached SCSI) interface, and PCIe (peripheral component interconnect express) interface. Among these segments, the SATA interface is forecasted to lead the Middle East & Africa solid-state drive market with more than 60% market share. Due to reduced cable size and cost, faster data transfer with higher efficiency drives the SATA interface demands in the Middle East & Africa region.

Impact of Covid-19 on the Middle East & Africa Solid-State Drive Market:
During the Covid-19 pandemic, Middle East & Africa has highly affected, especially South Africa. With the pandemic spreading through countries in the region, many challenges were faced by those countries. The industrial sector of Middle East & Africa was severely impacted due to an outbreak at the start of the year 2020. However, by the end of 2020, many countries initiated production with higher efficiency. The changing preference of consumers and penetration of new data centers boosted the solid-state drive market.

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: Middle East & Africa
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Middle East & Africa 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
• United Arab Emirates
• Saudi Arabia
• South Africa

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.