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Global Solid State Drive (SSD) Market 2021 Recent Study including Growth Factors, Applications, Regional Analysis, Key Players and Forecasts

Solid State Drive (SSD)

The report focuses on the favorable Global “Solid State Drive (SSD) market” and its expanding nature. The Solid State Drive (SSD) market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The solid state drive (SSD) market was valued at USD 30.33 billion in 2018 and is expected to grow at a CAGR of 14.94% during the forecast period (2019 – 2024), to reach USD 69.91 billion by 2024. The technological advancement of large companies in existing SSD with the facilities like 1 GB/s sequential read speed, high-speed continuous shooting at 960 frames per second, are boosting the market growth.
  • – With the splurge in big data brought about by the IoT devices and enterprise applications, the importance for faster storage has become utmost, thus, giving rise to the development of mega-sized SSDs and increased research on how to make larger SSDs at a lower cost.
  • – Furthermore, high capacity SSDs are typically used for cloud applications, for instance, to support content sharing traffic, such as media streaming and video, as well as active archiving applications, where highly sensitive information is not being overwritten. This has enhanced the enterprise SSDs to strike a balance between capacity and performance.
  • – With the introduction of smart devices and wireless technologies, in-vehicle-infotainment (IVI) system is able to play music and videos, and find the fastest route by analyzing real-time traffic information, both of which requires the reliability on the data executing speed of the storage devices in the system. In this aspect, SSDs are the best solutions for executing big data. In strict environments, such as low air pressure or high humidity atmosphere, the mechanic-free structure of SSD has made it more trustworthy than HDD.

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    Key Manufacturers

  • Intel Corporation
  • Samsung Group
  • Western Digital Corporation
  • Toshiba Corporation
  • Micron Technology, Inc.
  • SK Hynix Inc.
  • Kingston Technology Corporation
  • Lite
  • On Technology Corporation
  • Transcend Information Inc.
  • ADATA Technology Co. Ltd.
  • Seagate Technology PLC

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Solid State Drive (SSD) market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Solid State Drive (SSD) market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Solid State Drive (SSD) market have also been involved in the study.

    Scope of the Report:

  • A solid-state drive (SSD) is a type of nonvolatile storage media that stores persistent data on solid-state flash memory. SSD is faster, quieter, and generally preferable when available, as compared to the hard disk drives (HDD). With a larger capacity, faster speed, and friendlier price, SSD is expected to comprehensively replace HDD in the near future.

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    TOC of Solid State Drive (SSD) Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Solid State Drive (SSD) market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Solid State Drive (SSD) Market Report Covered:

    • The report analyses how Solid State Drive (SSD) market will grow in the future.
    • Analyzing various perspectives of the Solid State Drive (SSD) market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Solid State Drive (SSD) market shares and policies employed by the major market players.
    • Competitive landscape including the Solid State Drive (SSD) market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Solid State Drive (SSD) market players

    Key Market Trends:

    Rising Demand from Enterprise Segment to Augment the Market Growth

    – The earliest SSDs for enterprises used SLC (single-level cell) NAND flash, which stores one bit per cell and offers the highest level of endurance and performance, with a typical lifecycle of 100,000 writes per cell.
    – The improvements to NAND flash technology have enabled the enterprise SSD manufacturers to use lower-endurance NAND flash options, such as a multi-level cell (MLC), triple-level cell (TLC), 2D NAND and 3D NAND. Advantages of the lower-endurance forms of NAND flash include lower cost and higher capacity, which have spurred the market growth.
    – Moreover, flash storage is at the core of the increase in enterprise data. Flash is increasingly becoming integral in helping both storage vendors and data center operators weather an IT landscape that is being reshaped by next-generation workloads.

    North America Region Expected to Hold Significant Share

    – According to Seagate Technology PLC, an American data storage company, in the near future, in the United States, cloud storage is expected to continue to grow, both by the desire to reduce latency by locating data closer to the consumer, as well as due to the regulatory and corporate mandates demanding data to be housed locally within different part of the regions. Thus the region is likely to witness significant demand for SSD storage devices.
    – Moreover, the growth of 5G technology in the & Canada is expected to contribute to market demand. The FCC (Federal Communications Commission’s) Spectrum Frontiers Order has set the groundwork for the use of 5G technology in the by the end of 2020. Therefore, most of the small and large enterprise and cloud storage companies in the are accelerating the transition from hard disk drives (HDDs) to solid-state drives (SSDs) to be ready for 5G.

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    Study objectives of Solid State Drive (SSD) Market Report:

    • To provide a detailed analysis of the market structure along with the Solid State Drive (SSD) market forecast of various segments and sub-segments of the Solid State Drive (SSD) market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Solid State Drive (SSD) market trends that influence the global Solid State Drive (SSD) market

    Detailed TOC of Solid State Drive (SSD) Market Report 2019-2024:

    1.1 Scope of the Study



    4.1 Market Overview
    4.2 Industry Attractiveness – Porter’s Five Force Analysis
    4.2.1 Threat of New Entrants
    4.2.2 Bargaining Power of Buyers/Consumers
    4.2.3 Bargaining Power of Suppliers
    4.2.4 Threat of Substitute Products
    4.2.5 Intensity of Competitive Rivalry

    5.1 INTRODUCTION to Market Drivers and Restraints
    5.2 Market Drivers
    5.2.1 High-End Cloud Computing Gaining Pace in Enterprises
    5.2.2 Growing Adoption in Data Centers
    5.3 Market Restraints
    5.3.1 High Cost and Smaller Life-time of Solid State Drives
    5.4 Technology Snapshot

    6.1 By Interface
    6.1.1 Serial Advanced Technology Attachment (SATA)
    6.1.2 Peripheral Component Interconnect (PCI) Express
    6.1.3 Other Interfaces
    6.2 By End User
    6.2.1 Enterprise
    6.2.2 Client
    6.3 Geography
    6.3.1 North America
    6.3.2 Europe
    6.3.3 Asia-Pacific
    6.3.4 Latin America
    6.3.5 Middle East & Africa

    7.1 Company Profiles
    7.1.1 Intel Corporation
    7.1.2 Samsung Group
    7.1.3 Western Digital Corporation
    7.1.4 Toshiba Corporation
    7.1.5 Micron Technology, Inc.
    7.1.6 SK Hynix Inc.
    7.1.7 Kingston Technology Corporation
    7.1.8 Lite-On Technology Corporation
    7.1.9 Transcend Information Inc.
    7.1.10 ADATA Technology Co. Ltd.
    7.1.11 Seagate Technology PLC




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