Technology

Solid State Drive Market Overview by Demand and Trends 2018 to 2023

Solid State Drive

“Global Solid State Drive Market 2018-2023” have applications in commercial and industrial data centers. Also, these drives are used in PCs, tablets, notebooks, and mobile phones. The scope of our study is geographically limited to North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Enterprise applications demand high-performance storage, high throughput, power efficiency, and high dependability, and SSDs (solid state devices) meet all these requirements. Small scale SSDs are being adopted in laptops, personal computers, and to some extent in tablets, mobile phones. SSDs are also a viable option for data centers as they offer high speed, hierarchical storage and mass volume owing to their non-volatile memory technology as they also provide high-speed bus interface enabling high data-transfer speed in enterprise systems. A growing adoption of high-end cloud computing and penetration of SSDs in data centers is expected to drive the solid state drive market. However, the cost of these drives compared to HDDs can act as a challenge for the market.

The Solid State Drive Market was valued at USD 26.4 billion in 2017 and is expected to grow at a CAGR of 15.1% during the forecast period (2018 – 2023), to reach USD 60.7 billion by 2023.

Companies Include are:  INTEL CORPORATION, KINGSTON TECHNOLOGY EUROPE CO LLP, LITE-ON TECHNOLOGY CORPORATION, MICRON TECHNOLOGY, INC., SAMSUNG ELECTRONICS CO., LTD., SEAGATE TECHNOLOGY LLC, SK HYNIX INC., TOSHIBA MEMORY AMERICA, INC. and WESTERN DIGITAL CORPORATION, amongst others.

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Key Developments in the Market

  • April 2018 – Kingston Technology Company, Inc. announced the shipping the UV500 family line of SSD products. It is available in multiple form factors and will be Kingstons first 3D NAND-enabled SSD featuring full-disk encryption
  • February 2018 – Samsung Electronics announced the start of the mass production of industrys largest capacity SSD, the PM1643 which has 30 TB capacity. It can be used in next-generation enterprise storage systems.

Essential points covered in Global Solid State Drive Market 2018 Research are:-

  • What will the market size and the growth rate be in 2023?
  • What are the key factors driving the Global Solid State Drive market?
  • What are the key market trends impacting the growth of the Global Solid State Drive market?
  • What are the challenges to market growth?
  • Who are the key vendors in the Global Solid State Drive market?
  • What are the market opportunities and threats faced by the vendors in the Global Solid State Drive market?
  • What are the key outcomes of the five forces analysis of the Global Solid State Drive market?

This independent 107 pages report guarantees you will remain better informed than your competition. With over 200 tables and figures examining the Solid State Drive market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2023.  

Rising Demand from Enterprise Segment to Augment the Market Growth

The growth in data generated by enterprise coupled with the growing adoption of cloud technology is expected to drive the market. It is projected that by 2022, more than 72% of the global organizations will migrate to cloud from on-premise data centers, cementing the rise of cloud storage. In addition, cloud acts as a catalyst for IT transformation, providing the flexibility to combine the cloud and existing on-premise infrastructure in the ratio best suited for the workload, driving the demand for SSDs in cloud computing. Also, increasing digitization globally is expected to contribute value to different end-user industries such as BFSI, IT services which is rising need for mega data centers worldwide.

Asia-Pacific Expected to Witness the Fastest Growth

The market in the region is driven by growing adoption of cloud computing in the enterprises and the growth in the data generated and data centres in the region. The region is poised to witness the fastest growth rate owing to developments in India and China. Over the last two years, the public cloud services market in India has seen phenomenal growth, reaching USD 1.8 billion in 2017, and this figure is expected to reach USD 4.1 billion by 2020. The growing demand for high-density, redundant facilities throughout China is precipitating a shift in the design and development of the countrys data centers. China has 50 internet users per 100 population indicating scope for lot of development and the connectivity ecosystem is made up of 73 colocation data centres, 52 cloud service providers.

Browse Full Report at:

https://www.marketinsightsreports.com/reports/01241063555/global-solid-state-drive-market-growth-trend-and-forecasts-2018-2023?source=reportsherald&Mode=31

The research includes historic data from 2012 to 2016 and forecasts until 2023 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Solid State Drive on the basis of stating current situation of the industry in 2017 so as to make comprehensive organization and judgment on the competition situation and development trend of Solid State Drive Market and assist manufacturers and investment organization to better grasp the development course of Solid State Drive Market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Reasons to Buy

  • Current and future Solid State Drive market outlook in the developed and emerging markets.
  • Analyzing various perspectives of the market with the help of Porters five forces analysis.
  • The segment that is expected to dominate the market.
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3 months analyst support, along with the Market Estimate sheet (in excel)

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About the author

Andrew Adams

Andrew Adams

Andrew writes about foreign affairs and for the elegantdaily. Andrew completed his education from University of Manchester, BA in economics with a focus on international relations Columbia University Graduate School of Journalism, MA. Andrew can reached Andrew@elegantdaily.com

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