Worldwide Latest Market Research Report on “Global Solid State Drive Market – Growth, Trend and Forecasts (2019 – 2023) 2019-2023”
The Global Solid State Drive market with CAGR of 15.1% 2019-2023. The report begins from overview of Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Solid State Drive by product, region, and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
- Intel Corporation
- Kingston Technology Europe Co LLP
- LITE-ON Technology Corporation
- Micron Technology
- Samsung Electronics Co.
- Seagate Technology LLC
- SK Hynix Inc.
- Toshiba Memory America
- Western Digital Corporation
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Overview of Solid State Drive 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 (2019 – 2023), to reach USD 60.7 billion by 2023. Solid State Drive 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 SSD’s 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.
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 country’s 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.
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Reasons to Purchase Solid State Drive Market Report
The Global demand for Solid State Drive Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2019 and 2025 compared to a few years ago, signifying the rapid pace of change.
Global Solid State Drive Market highlights the following key factors:
- A complete informative analysis of Solid State Drive industry, which includes a valuation of the parental market.
- Emerging trends by sections and regional markets.
- Major developments in market dynamics & market overview.
- Solid State Drive Market shares and methods of key players in the Solid State Drive market.
- Current and predictable size of Solid State Drive market from the outlook of both value and volume.
- Reporting and estimation of recent industry developments.
- References to companies for establishment their position in the Solid State Drive market.
Solid State Drive Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Solid State Drive Market players in detail. Solid State Drive Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
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Key Features of the Solid State Drive Market Report:
- Solid State Drive Market insights and finger analysis will help take knowledgeable decision in the changing competitive dynamics.
- To build up a far-reaching, verifiable, every year refreshed and financially perceptive data dependent on execution, capacities, objectives, and systems of the world is driving organizations.
- To help current providers reasonably evaluate their money related, advertising and innovative capacities opposite driving contenders.
- To supplement associations internal competing data gathering endeavors by giving vital investigation, information understanding, and knowledge.
- Five-year forecast measure would give a clear understanding of future growth.
- Investigation of upcoming and past market information will help in organizing an outline of current business strategies.
- Comprehensive information of market players will help understand consumer demands and market scope.
- Development opportunities and forecast buyer requests will evoke the collection of revenue.
- A comprehensive analysis of the changing competitive dynamics will keep you ahead of the competitors.
- The fresh proficient elements such as industry production study, revise product-launching events, growth and risk factors will help in the forecast feasibility analysis.
- To distinguish the slightest focused market specialties with huge development potential.
The growth of this market worldwide is subjected to various factors; including consumer world-class Solid State Drive Market of many Solid State Drive Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
In conclusion, Solid State Drive Market report presents the descriptive analysis of the parent market based on elite players, present, past and futuristic data that will serve as a profitable guide for all the Solid State Drive Market competitors.
Mr. Ajay More
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