According to Stratistics MRC, the Global Solid State Drives (SSDs) is accounted for $22.80 billion in 2017 and is expected to reach $100.44 billion by 2026 growing at a CAGR of 17.9% during the forecast period.
Factors such as rising penetration of huge-end cloud computing, increasing online commerce industry and expanding adoption of SSDS in data center are propelling the market growth. However, huge price and smaller life span of SSDS, design complexity and inconsistency concerning low-rate latency accessible by SSDS are hindering the growth of the market. Rising adoption of SSDS in tablets and notebooks and relational analytics with smart SSDS provides ample opportunities for the market.
A solid-state drive (SSD) is also identified as electronic disk or known as a solid-state disk. It acts as a data storage device which uses assemblies of integrated circuit as memory to store the data. It uses electronic interfaces that are well-matched with conventional input/output hard disk drives, therefore allowing easy replacement in standard applications. SSDs are typically more resistant to physical shock, contain lower access time, run silently, and include less latency compared through electromechanical disks. Another benefit accessible by SSDs is its steady performance.
Based on interface, SAS SSDs segment is driven due to increasing demand for cloud-based data centers, growing the emergence of 3D NAND. A SAS SSD (Serial-Attached SCSI solid-state drive) is a NAND flash-based storage or caching device intended to fit within the same slot as a hard disk drive (HDD) and utilize the SAS interface to connect to the host computer.
By geography, Asia Pacific has a significant growth due to the growing demand of social media, increase in next-generation connected devices, rising information technology (IT) budgets, rising requirement for high-capacity storage devices, and soaring number of data centers drives the growth in this region.
Some of the key players in the Solid State Drives (SSDs) market include Intel Corporation, Micron Technology, Inc., Seagate Technology PLC, Lite-On, Kingston, Samsung Group, Toshiba Corporation, Microsemi Corporation, Western Digital, SK hynix Inc., ADATA Technology Co., Ltd., Apacer Technology Inc., Transcend Information, Inc., Netac Technology Co Ltd, Memoright Corp., Angelbird Technologies Gmbh, Avant Technology, Greenliant Systems, ATP Electronics and Mushkin.
Serial Advanced Technology Attachment solid-state drive (SATA SSDs)
Peripheral Component Interconnect Express solid-state drive (PCI-E SSDs)
Form Factor Covered:
U.2 (SFF 8639)
FHHL and HHHL
Triple Level Cell (TLC) Planar
Multi Level Cell (MLC) Planar
Triple Level Cell (TLC) 3D
Multi Level Cell (MLC) 3D
Single Level Cell (SLC)
Under 120 GB
Graphics and consumers
Other End Users
o Rest of Europe
o New Zealand
o South Korea
o Rest of Asia Pacific
o Rest of South America
Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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