Solid State Drive Market Size, Growth Analysis, Share, Demand, Types, Top Key Players And Forecast To 2025
The Detailed Market intelligence report on the Solid State Drive Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Solid State Drive Market place for the forecast 2020– 2025.
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Scope of The Report:
The average storage capacity is predicted to elevate over the coming period owing to popularity of tablets and smartphones, which has permitted users to create huge volumes of digital content and data, thereby powering the market.
Also dubbed as a solid-state disk or an electronic disk, a solid-state drive is a data storage gadget that employs assemblies of added circuit as a memory to amass the info. Unlike hard disk drives, there are no shifting elements in SSDs and they keep hold of data without using power employing the NAND-flash memory processors.
The major players included in the global solid state drive market forecast are,
Micron Technology, Inc., Intel Corporation, Seagate Technology PLC, Samsung Electronics Co., Ltd, Western Digital Corporation.
The solid-state drives have different performance advantages, such as multi-tasking ability, higher random access speed, and higher durability & reliability over its traditional peers. SSDs are a better alternative for data hubs as they provide hierarchical storage, high speed, and mass volume due to their non-volatile memory tech. They also offer high-speed bus interface allowing high speed data transfer in enterprise systems.
By type, the market is divided into MLL (Multi-Level Cell), SLL (Single Level Cell), and TLL (Triple Level Cell). By storage interface, the market is divided SAS, SATA, and PCIe. By storage capacity, the market is divided into 251GB to 500GB, less than 250 GB, more than 1 TB, and 501GB to 1 TB. By application, the market is divided into data centers, laptops, PCs, and others. By end-users, the market is divided into industrial, client and enterprise users, and automotive. By region, the market is divided into Asia Pacific, Europe, North America, and the rest of the world
Key Market Segments:
By Interface: SATA, SAS, PCIe
By Form Factor: 8”/2.5”, 5”, 2, 2 (SFF 8639), FHHL and HHHL
By Technology: SLC, MLC Planar, MLC 3D, TLC Planar, TLC 3D
By End-User: Enterprise, Client, Industrial, Automotive
Rising Online Commerce Sector And Digitalization Of Daily Activities Are Predicted To Power The Market
The market is expected to attain traction over the coming period, owing to factors such as high performance efficiency & reliability, benefits of solid state drives as compared to hard disk drives, and rising employment of SSDs in data hubs.
Regional regulations such as Restriction of Hazardous Substances (RoHS) and Waste Electrical and Electronic Equipment (WEEE) by European Union and international protocols such as ISO/IEC 27002:2013 and ISO/IEC 27001:2013 control and monitor data security. SSD makers also aim on environmental laws associated with recycling. In UK, the Data Protection Act makes sure that personal info is available only to concerned organizations or people.
Rising online commerce sector, increasing penetration of the Internet, rising volume of media info transfer, and digitalization of daily activities are predicted to power the market. The average storage capacity of household is predicted to elevate over the coming period owing to popularity of tablets and smartphones, which has permitted users to create huge volumes of digital content and data. Rising resolution of movies and images has also resulted in making of huge volumes of digital content and data. This has resulted in increasing requirement for sufficient capacity to amass content.
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
North America Dominated The Market In Terms Of Income And In Claimed To Maintain The Situation
By region, the market is divided into Europe, North America, South America, Asia Pacific, and Middle East and Africa (MEA). North America dominated the market in terms of income and in claimed to maintain the situation. The rate of restoring hard disk drives with solid state drives is more in North America as compared to other areas. Moreover, SSD manufacturers in the area are aiming on product innovation and differentiation to elevate their revenue and geographical reach. This will additionally assist pace requirement for SSDs in North America.
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