Portable SSD Market to Reach US$ 3,630 Million by 2029, with a CAGR of 6.68% during 2023-2029 | Western Digital, Kioxia (Toshiba), Kingston, Samsung, Seagate Technology, ADATA and Lexar

The Portable SSD Market, valued at US$ 2,321 million in 2022, is expected to reach US$ 3,630 million by 2029, exhibiting a steady CAGR of 6.68% during the forecast period. The market growth is driven by the increasing demand for high-speed, compact, and reliable storage solutions in various industries, including IT, gaming, media, and entertainment.

The Portable SSD Market is experiencing significant growth opportunities, with an anticipated valuation of US$ 3,630 million by 2029 and a steady compound annual growth rate (CAGR) of 6.68% during the forecast period 2023-2029. The market is driven by the increasing demand for high-speed, compact, and reliable storage solutions in various industries, including IT, gaming, media, and entertainment.

Portable Solid State Drives (SSDs) have gained popularity as a preferred storage medium due to their superior performance, enhanced durability, and compact form factor. These drives offer faster data transfer rates, quick access times, and reliable storage solutions for a wide range of applications. The increasing demand for high-performance storage devices for data-intensive tasks, such as gaming, content creation, and multimedia consumption, fuels the growth of the Portable SSD Market.

The IT industry represents a significant application area for portable SSDs, with professionals and businesses relying on these drives for data backup, file transfer, and portable storage needs. The compact size, high storage capacities, and enhanced data security offered by portable SSDs make them a preferred choice in the IT sector. Additionally, the growing adoption of cloud computing, remote work, and data-driven technologies further drives the market growth.

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The gaming industry is another key driver for the Portable SSD Market. Gamers require fast and reliable storage solutions to enhance game loading times, reduce lag, and improve overall gaming performance. Portable SSDs provide the necessary speed and capacity to store and access large gaming libraries, making them an essential accessory for gamers.

The media and entertainment sector also contribute to the market’s expansion, with professionals in photography, videography, and content creation relying on portable SSDs for high-quality, high-resolution file storage and editing. The increasing demand for high-definition content, virtual reality, and 4K/8K video production drives the need for high-speed and reliable storage solutions.

The major global manufacturers of Portable SSD include Western Digital, Kioxia (Toshiba), Kingston, Samsung, Seagate Technology, ADATA, Lexar, Lenovo, Sony and Crucial, etc. In 2022, the world’s top three vendors accounted for approximately 60.97% of the revenue. These market players focus on improving data transfer speeds, enhancing security features, and optimizing storage capacities to stay competitive in the market.

In conclusion, the Portable SSD Market is witnessing significant growth, driven by the increasing demand for high-speed, compact, and reliable storage solutions in the IT, gaming, media, and entertainment industries. The advancements in data-driven technologies and the need for faster data transfer rates fuel the market expansion. For comprehensive insights and detailed market analysis, refer to the comprehensive research report on the Portable SSD Market.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Portable SSD, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyse their position in the current marketplace, and make informed business decisions regarding Portable SSD.

The Portable SSD market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Portable SSD market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Portable SSD manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Segments by Type

  • 500GB
  • 1TB
  • 2TB
  • Others

 

Segments by Application

  • Enterprise
  • Personal

 

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By Company

  • Western Digital
  • Kioxia (Toshiba)
  • Kingston
  • Samsung
  • Seagate Technology
  • ADATA
  • Lexar
  • Lenovo
  • Sony
  • Crucial

 

Core Chapters:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Detailed analysis of Portable SSD manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Production/output, value of Portable SSD by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 4: Consumption of Portable SSD in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.

Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: The main points and conclusions of the report.

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