Solid States Drives (SSD) Market Estimated to Witness a Humongous Growth by 2027

Pune, India -- (SBWire) -- 11/20/2017 --Industry News

- In July 2016, Samsung launched world's largest SSD which has storage capacity of 15 TB.

- In April 2016, SanDisk launched Half-Terabyte SDD for everyday computing.

- In April 2016, Micron Technology, Inc. announced the increase in product portfolio by adding two PCIe SSDs.

Solid States Drives (SSD) Market Key Players

The Market of Solid States Drives (SSD) appears to be competitive owing to the presence of numerous well-established players having international and global presence. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for the leading players. These key players compete based upon pricing, reputation and services. They strive to develop a high-capacity solid-state drives that allows to store programs and data onto one drive, resulting in incredibly fast data access times, quick program load times, and swift multitasking. Considering the growing popularity of SSDs, vendors are lowering SSD prices. This further lets manufacturers to increase the production, consecutively leads to the price drop.

Samsung (South Korea), Intel (U.S.), SanDisk (U.S.), Micron Technology, Inc. (U.S.), Toshiba (Japan), Lite-On (Taiwan), Western Digital (U.S.), Fusion-Io (U.S.), Google (U.S.), Kingston Technology (U.S.), Netapp (U.S.), and OCZ (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Solid States Drives (SSD) Market.

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Solid States Drives (SSD) Market Overview

The Global Solid States Drives Market is growing with the rapid pace; mainly due to the burgeoning Electronics Market. According to a recent study report published by the Market Research Future, The global SSD Market is booming and expected to gain prominence over the forecast period. The Market is forecasted to demonstrate an upsurge growth by 2027, surpassing its previous growth records in terms of value with a whooping CAGR during the anticipated period (2017 – 2027).

Augmented accruals of next generation connected devices, growing premium & high-end PC market, need for higher performance & capacity storage devices, increasing IT spending, and growing number of data centers Fosters the Global Solid States Drives Market. SSD market is predominantly driven by growing demand for high-end computing systems for enterprise segment, growing number of data centers, increasing penetration of on-premise storage system, coupled with proliferation of big data & cloud computing markets. Abating prices of SSDs is the latest trend observed by the MRFR research analysts.

Solid State Drive or SSD is a new technology in the data storage and an alternative to the traditional storage device HDD. SSD performs faster than HDD and currently growing with rapid space. Data centers are the key application area where the SDD can be used.

Solid State Drives (SSD) is a promising storage technology for High Energy Physics parallel analysis farms. Its combination of low random access time and relatively high read speed is very well suited for situations where multiple jobs concurrently access data located on the same drive. It also has lower energy consumption and higher vibration tolerance than Hard Disk Drive (HDD) which makes it an attractive choice in many applications ranging from personal laptops to large analysis farms.

Studies are further indicating that SSD is the end of current practices in Digital Forensic Recovery.

Digital Forensic evidence data is increasingly relied upon in computer forensic examinations and legal proceedings in the modern courtroom. The primary storage technology used for digital information has remained constant over the last two decades, in the form of the magnetic disc. Consequently, investigative, forensic, and judicial procedures are well-established for magnetic disc storage devices. However, a paradigm shift has taken place in technology storage and complex, transistor-based devices for primary storage are now increasingly common. The phenomenon of solid-state drive (SSD) self-corrosion is proven to exist through experimentation using real world consumer hardware in an experimentally reproducible environment.

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Solid States Drives (SSD) Market – Segments

Segmentation By Application: Comprises PCs, laptops, Data Centers and other

Segmentation By Type: Comprises SLL (Single Level Cell), MLL (Multi Level Cell) and TLL (Triple Level Cell)

Segmentation By Storage Interface: Comprises SATA, SAS, PCIe

Segmentation By Storage Capacity: Comprises <250GB, 251GB-500GB, 501GB-1TB, >1TB and other

Segmentation By Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Solid States Drives (SSD) Market – Regional Analysis

Currently North America is dominating the market of solid state market. North America has high consumption rate for laptops and desktop and SSDs are the new replacement for hard disks. As it comes with bundle of features and advance that hard disk, market for SSD in North America is growing. Asia-Pacific has emerged as fastest growing market and also the second biggest market for solid state drives. Currently Asia-Pacific holds a substantial market share and has been valued at astronomical amounts followed by Europe which accounts for a considerable market share.

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