The global demand for Solid State Drive Market is presumed to reach the market size of nearly USD 135.39 MN by 2028 from USD 48.78 MN in 2021 with a CAGR of 15.7% under the study period 2022 - 2028.
A solid-state drive is a type of solid-state storage device that employs integrated circuit assemblies to store data permanently, usually utilizing flash memory, and serves as secondary storage in a computer's storage hierarchy. Even though SSDs lack the physical spinning discs and moving read-write heads seen in hard disc drives (HDDs) and floppy discs, they are sometimes referred to as a semiconductor storage device, a solid-state device, or a solid-state disc. Solid-state drives (SSDs) store data in semiconductor cells. A solid-state drive (SSD) is a nonvolatile storage device that uses solid-state flash memory to store permanent data. It is a disc drive with an array of semiconductor memory structured as a disc drive, but instead of a magnetic or optical storage medium, it uses integrated circuits. Faster functioning, more durable, easier to carry, more efficient, quick to install, faster data reads and writes, reliability, less power consumption, and video-on-demand service are some of the advantages of SSD. SSDs are often more shock resistant, run silently, and have a faster access time and lower latency than electromechanical drives. The most common SSD interfaces are Serial ATA (SATA), PCI Express (PCIe), and Serial Attached SCSI (SAS).
Market Dynamics
The Solid State Drive (SSD) market is expected to be influenced by increased Internet use, developing e-commerce market, rapid improvements due to present digitalization, and rising volume of latest media data transfer. The demand for data storage has grown in recent years, and this trend is expected to continue in the future, driving the SSD market growth. Enterprise SSD makers can now use lower-endurance NAND flash choices, including multi-level cell (MLC), triple-level cell (TLC), and 3D NAND due to advancements in NAND flash technology. The benefits of lower-endurance NAND flash include cheaper cost and higher capacity, which has boosted the solid-state drive market growth. The new Hybrid systems with HDDs are expected to present new prospects for SSD market growth in the coming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of solid state drive. The growth and trends of solid state drive industry provide a holistic approach to this study.
Market Segmentation
This section of the solid state drive market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Interface
By Form Factor
- 1.8”/2.5”
- 3.5”
- M.2
- U.2 (Sff 8639)
- Fhhl And Hhhl
By Technology
- Slc
- Mlc Planar
- Mlc 3D
- Tlc Planar
- Tlc 3D
By Storage
- Under 500 Gb
- 500 Gb–1 Tb
- 1 Tb – 2 Tb
- Above 2 Tb
By End-User
- Enterprise
- Client
- Industrial
- Automotive
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Solid State Drive market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Solid State Drive Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the solid state drive market include Samsung (South Korea), Intel (US), Western Digital (US), Micron (US), Toshiba (Japan), Kingston (US), Lite-On (Taiwan), Seagate (Ireland), SK hynix (South Korea), Microsemi (US), Viking (US), Adata (Taiwan), Bitmicro Networks (US), Mushkin (US), NetApp (US), Lexar Media (US), Crossbar (US), G.Skill (Taiwan), Violin Memory (US), Corsair Components (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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