Nowadays, Solid State Drives are used widely and abundantly. It’s reported that the SSD market is expected to reach $60.23 billion by 2024 from $26.30 billion in 2016. Do you want to know more detailed information about the global SSD market? Come to MiniTool Solution.
Global SSD Market Overview
The SSD market in the global industry varies in Interface Technology Attachment, Peripheral Component Interconnect (PCI) Express, and Other Interfaces), End-user (Enterprise, Client), and Geography. The global SSD market analysis is also explored in several aspects.
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The common factors that boost the global SSD market growth are as follow:
- The wide penetration of the internet, growing online commerce industry and increasing volume of media data transfer greatly drive the global SSD market growth.
- The average household’s storage capacity is going to grow over the coming years for the popularity of smartphones and tablets, which generates larger volumes of digital data and content. These spur growing demand for the SSD market.
- With the influx of big data brought by enterprise applications like cloud applications, undoubtedly faster storage becomes more important. This gives rise to the development of large-capacity SSDs at a lower cost.
- In order to make high capacity SSDs support content sharing traffic as well as active archiving apps, many enterprises are striving for a balance between capacity and performance.
- The increasing smart devices and wireless technologies require the reliability of the data executing the speed of the storage devices in the system. In this aspect, the SSDs provide best solutions for executing big data.
Scope of the Global SSD Market Analysis
In this global SSD market analysis, the research was done at the country level to get a fair idea of the global market. The specific data of the countries was accumulated to offer regional numbers, in the end, arrive at the global market value for Global SSD Market Analysis.
Leading players in the global SSD market are:
- Intel Corporation
- Samsung Electronics Co.,Ltd.
- Micron Technology, Inc
- Seagate Technology PLC
- Western Digital Corporation
- LSI Corporation
- BiTMICRO Networks
Core Target Audience:
- SSD Research Centers
- SSD products manufacturers
- SSD distributors
- Research and Consulting Firms as well as Venture capitalists, private equity firms, and startup companies
- Government bodies
External and internal SSD are two major types of SSD. And there are different storage capacity of SSDs in the interface of SATA, SAS, PCle. So, what are key highlights in the global SSD market analysis?
- You will gain current and future global SSD market outlook in the developed and emerging markets.
- With the help of Porter’s five forces analysis, the SSD markets are analyzed from various perspectives.
- Report customization is assessable for every client’s requirements.
- Figuring out the latest developments, market shares and strategies employed by the leading market players.
- Which regions are expected to gain the fastest growth from 2019 to 2024.
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Global SSD Market Trend
At present, the rising demand from the enterprise segment boosts the global SSD market growth. The global SSD market is dominated by major suppliers such as Intel, Micron Technology, and Samsung. As the entry barriers of the SSD market grow high, new players have difficulty in entering the market.
Due to the growth of 5G technology in the North America region, most of the small and large enterprises and cloud storage companies are accelerating the transition from HDDs to SSDs, which makes North America be expected to witness significant SSD market share.
Well. I believe you probably have a brief understanding of this global SSD market analysis. If you want to know more detailed figures and contents, you can visit here to browse the report.
You may be interested in the 2019 to 2024 Insight Report for Global USB Drive Market
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