Solid State Drive Market Technology Progress, Business Opportunities and Analysis by 2026

Market Analysis: Global Solid State Drive Market

Solid state drive market

Market Definition: Global Solid State Drive Market

Solid-state drive (SSD) is a type of storage device comprising of solid-state architecture for its storage system. It consists of flash controller and flash memory chips that help in storing persistent data based on solid-state flash memory. This technological integration provides these drives with better performance, helping users achieve higher speed while reading or writing the data. They do not have any parts in their structure that move or spin unlike traditional storage systems like hard disk drive (HDD).

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Market Drivers:

Rapid increase in the demand for SSD from data centers is expected to boost the growth of the market growth

Various benefits and performing advantages SSD offer over HDD is expected to augment growth of the market

Increasing reach of digital connectivity and generation of large volumes of data globally is expected to drive the growth of the market

Increasing quality of content and information being generated in various households is expected to augment growth of the market


Market Restraints:

Concerns regarding larger costs and shorter operational duration of these drives is expected to restrict the growth of the market

Conflicting performances in the case of low latency rate associated with the product is also expected to restrict the growth of the market


Segmentation: Global Solid State Drive Market

By Form Factor

1.8”/2.5”

3.5”

M.2/mSATA

U.2

FHHL & HHHL


By Interface

Serial Advanced Technology Attachment (SATA)

Serial-Attached SCSI (SAS)

Peripheral Component Interconnect Express (PCIe)


By Storage Capacity

Less than 250GB

251-500GB

501GB-1TB

More than 1TB


By Technology

Triple-Level Cell Flash (TLC) 3D

Triple-Level Cell Flash (TLC) Planar

Multi-Level Cell (MLC) 3D

Multi-Level Cell (MLC) Planar

Single-Level Cell (SLC)


By End-User

Enterprise

Server Attached

Storage Attached


Client

Desktop PC

Notebook

Tablet

Others


Industrial

Automotive


By Geography

North America

U.S.

Canada

Mexico


Europe

Germany

Italy

U.K.

France

Spain

Netherlands

Belgium

Switzerland

Turkey

Russia

Rest of Europe


Asia-Pacific

Japan

China

India

South Korea

Australia

Singapore

Malaysia

Thailand

Indonesia

Philippines

Rest of Asia-Pacific


South America

Brazil

Argentina

Rest of South America


Middle East and Africa

Saudi Arabia

UAE

South Africa

Egypt

Israel

Rest of Middle East and Africa



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Key Developments in the Market:

In March 2019, Western Digital Corporation announced the launch of the first drive under their WD Blue range utilizing NVMe storage. The product termed as “Blue SN500 NVMe SSD” is designed to deliver high performance benefits at a low-price range. The drive is based on the company’s 3D NAND technology, firmware and controller. The combination of this technology provides 500GB sequential speeds for reading and writing at 1,700MB/s and 1,450MB/s

In November 2018, Best IT World (India) Pvt. Ltd. through their business brand “iBall” announced the launch of “Phantom” 2.5” Solid-State Drive (SSD) designed to provide consumers with highest quality of speed and performance in storage solutions. The product is available in three storage variants of 120GB, 240GB and 480GB. The product is available with three years warranty and is available in major retail outlets in India


Competitive Analysis

Global solid state drive market

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Major Market Competitors/Players

Few of the major competitors currently working in the global solid state drive market are SAMSUNG; Intel Corporation; Western Digital Corporation; Micron Technology, Inc.; Toshiba Memory Corporation; Seagate Technology LLC; LITE-ON Technology Corporation; SK hynix INC.; Kingston Technology Europe Co LLP und Kingston Digital Europe Co LLP,; Best IT World (India) Pvt. Ltd.; Viking Technology; ADATA Technology Co., Ltd.; BiTMICRO Networks, Inc.; Foremay, Inc.; Crossbar; Broadcom; Nimbus Data and Transcend Information, Inc. among others.

Research Methodology: Global Solid State Drive Market

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