Solid State Drives Market Continues to Grow

By  MarketsandMarkets, Special for  USDR

According to the new market research report “Solid State Drives Market by Capacity, Interface (SATA, SAS, PCIe), End User (Enterprise, Client), Application (Data Centers, Desktop PCs, Notebooks/Tablets, Entertainment Devices, Video Storage), and Region – Global Trend and Forecast to 2022″, published by MarketsandMarkets, the market is expected to reach USD 25.30 Billion by 2022, at a CAGR of 9.5% between 2016 and  2022.

Browse 68 Tables and 64 Figures spread through 150 Pages and in-depth TOC on Solid State Drives  Market

Early buyers will receive 10% customization
on this  report.

Factors such as proliferation of cloud computing, advantages of SSDs over HDDs, increase in the number of data centers, and rising big data applications are driving the growth of the solid state drives  market.

SATA interface is expected to lead the solid state drives market during the forecast  period

SATA is expected to account for the highest share of the solid state drives market during the forecast period. The old desktop PCs support only the SATA interface for upgrading to SSDs from HDDs, which is expected to drive the growth of the market for Solid State Drives Market with SATA interface. Further, lower pricing of SATA than that of SAS and PCIe interfaces is also contributing to the growth of this  market.

The market for SSDs with PCIe interface is expected to grow at the highest CAGR between 2016 and  2022

The market for SSDs with PCIe interface is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the advantages of PCIe, which include high speed, enhanced performance scaling, and detailed error detection & reporting. Thus, the demand for SSDs with PCIe interface is expected to increase from the client as well as enterprise end  users.

APAC is expected to witness a rapid growth during the forecast  period

The SSDs market in APAC is expected to grow at the highest CAGR between 2016 and 2022. This growth can be attributed to the high IT infrastructure expenditures in countries such as China, South Korea, India, and Taiwan. In addition, the expanding customer base of companies in APAC that provide SSDs and growth in the consumer electronics (such as notebooks/laptops, tablets, and desktop PCs) market are contributing to the growth of the SSDs market in this  region.

The key players involved in the development of solid state drives include Intel Corp. (U.S.), Micron Technology, Inc. (U.S.), Samsung Electronics (South Korea), SanDisk Corp. (U.S.), Toshiba Corp. (Japan), Lite-On Technology Corp. (Taiwan), Microsemi Corp. (U.S.), Seagate Technology plc (Ireland.), Hitachi Global Storage Technology (HGST) Inc. (U.S.), and Kingston Technology Corp.  (U.S.).

Inquiry Before Buying:

This research report categorizes the global solid state drives market based on capacity, interface, end user, application, and region. It describes the drivers, restraints, opportunities, and challenges with respect to the solid state drives market. The Porter’s five forces analysis has also been included in the report with a description of each of its forces and their respective impact on the solid state drives  market.

Browse Related  Reports

Next Generation Memory Market by Technology (Nonvolatile memory (MRAM, FRAM, PCM, and RRAM), Volatile Memory (DRAM (T-RAM, T-T-RAM, and others) and SRAM (Z-RAM and others), Application & Geography – Global Forecast to 2013 – 2020

Non-Volatile Memory Market by Type (Flash, NVSRAM, 3D NAND, 3D Xpoint, NRAM, FRAM, MRAM, NVDIMM), Application (Consumer Electronics, Energy & Power, Healthcare, Automotive, Enterprise Storage), and Geography – Global Forecast to 2022

About  MarketsandMarkets:

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its  competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the  numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence  repository.

SOURCE  MarketsandMarkets

All opinions expressed on USDR are those of the author and not necessarily those of US Daily Review.