India Consumer SSD Market Grows in CY2019: CMR
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- Internal SSD records 263% growth when compared to CY2018.
- WDC topped the Internal SSD leader board with 42% market share.
- 240GB Internal SSDs were most popular.
Gurugram/New Delhi, March 27, 2020: According to CMR’s India Hard Drive Market Review for CY2019, the India Internal SSD market (SATA & PCIe) jumped to 1.2Mn units at the end of CY2019. External SSD recorded 306% growth year-on-year (YoY).
“CY2019 has undoubtedly been the path breaking year for consumer SSDs. The three-fold growth in SSDs can be traced to it growing from a small base. CY2019 saw new entrants trying to set a foothold adding to the overall shipments. Brands were seen moving up in the leaderboard. SSDs reliability and supreme features has made it much popular substitute for HDDs. Brands like Adata, Crucial, Gigabyte shipments also recorded impressive growth. Majorly this growth was the result of the HDD replacement by SSDs.,” observed Shipra Sinha, Lead Analyst, CyberMedia Research.
“Drop in the External SSD prices was one of the major growth drivers. Seagate entry with its beautifully designed product in the second half of CY2019 gave another boost. Samsung has been the all-time favorite in this category followed by WDC. Both the brands reduced their prices leading to the rise demand,” added Shipra Sinha.
Market Leadership
In the overall India Consumer Internal SSD market, WDC was the clear winner followed by Kingston capturing 21% market share. Kingston shipments recorded huge 351% growth when compared to CY2018. Samsung and Crucial captured 7% market share. Seagate’s brand Maxtor contribution was also noticeable in the second half of CY2019. Other major contributors were Team group, Hikvision and Transcend.
Interface and Capacity Trends:
SATA interface was the most favored SSD interface and recorded 267% growth YoY. Interestingly, PCIe interface also recorded significant 198% growth in terms of unit shipments. PCIe interface SSDs can have a link speed of up to 16Gb/s making it much faster than SATA at 6Gb/s.
In the external SSD market, the 500GB was the most favored capacity segment capturing 60% market share. SSDs with 1TB capacity captured 27% market share.
Future Trends
According to Shipra, “We anticipate the Internal SSD market to top 1.6Mn units in CY2020 and External SSD market to record double digit growth year-on-year. SSDs will continue to grow, owing to their features, such as security, portability, and, low latency. With HDDs being widely replaced by SSDs, this market has minimal chances of slowing down. SATA SSD will continue its leadership. PCIe Interface SSDs will increase on account of its smoother operation”.
“Overall, we anticipate H1 2020 will remain muted owing to COVID-19 pandemic. There will be constraints in supply and demand through this period. We anticipate the market to pick-up in H2 2020,” added Shipra.
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CyberMedia Research conducts the Budget Smartphones Channel Audit to capture the perspectives, preferences, challenges and dislikes of retailers around ‘value for money’ (INR <10,000) smartphone brands, capturing a compelling picture of smartphone brands in the market.
CMR offers industry intelligence, consulting and marketing services, including but not limited to market tracking, market sizing, stakeholder satisfaction, analytics and opportunity assessment studies.
Its bouquet of consulting services includes incubation advisory, go-to-market services, market mapping and scenario assessment services. CMR is servicing domestic as well as international clientele in India and few global destinations. The clientele serviced represents SMBs, Large Enterprises, Associations and Government. CMR’s core value proposition encompasses a rich portfolio of syndicated reports and custom research capabilities across multiple industries, markets and geographies. For details on the survey findings, ping Satya Sundar Mohanty at smohanty@cmrindia.com, or call +919821690824.
A part of CyberMedia, South Asia’s largest specialty media and media services group, CyberMedia Research (CMR) has been a front-runner in market research, consulting and advisory services since 1986. CMR is an institutional member of Market Research Society of India (MRSI).
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