Solid State Drive (SSD) Market 2022 Growth and Outlook- Intel Corporation, Samsung Group, Micron Technology Inc., Western Digital Corporation

The report considers the present scenario of the Solid State Drive (SSD) Market and its dynamics for the forecast period 2022-2026. Solid State Drive (SSD) Market covers a detailed overview of several growth enablers, restraints, and trends in the market. The research report highlights the market’s current and potential key opportunities along with crucial insights.      

The solid-state drive (SSD) market was valued at USD 34.86 billion in 2020, and it is expected to witness a CAGR of 14.94% during the forecast period (2021 - 2026), to reach USD 80.34 billion by 2026. 

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The Solid State Drive (SSD) market is highly competitive and consists of a number of major players. Companies like Intel Corporation, Samsung Group, Micron Technology Inc., Western Digital Corporation, Seagate Technology LLC?, SK Hynix Inc., ADATA Technology Co. Ltd, Kingston Technology Corporation, Transcend Information Inc., Teclast Electronics Co., Limited Amongst Others.

Key Developments:

- In February 2020 - Kioxia Corporation, a vendor in the memory solutions, announced that its lineup of PCIe 4.0 NVMe enterprise and data center SSDs are now being shipped to the customers.
- In December 2019 - Intel Corporation launched its midrange all-flash storage AS5000G5-F series with dual-port Optane SSD, by partnering with Inspur. The AS5000G5-F series provides up to 8 million IOPS and 0.1ms latency, making it one of the industry's highest performance midrange storage platforms.

Market Overview

A solid-state drive (SSD) is a solid-state storage device that uses integrated circuit assemblies as memory to store data persistently.
Enterprises prefer SSDs because they consume less energy, allow for reduction in sprawl, and result in a smaller environmental footprint.
Global Solid State Drive (SSD) key players include SAMSUNG, SanDisk/WDC, Toshiba, SK Hynix, Intel, etc.Global top five manufacturers hold a share over 75%.
Asia Pacific is the largest market, with a share over 45%, followed by Europe, and North America, both have a share over 45 percent.
In terms of product, (320-500)GB is the largest segment, with a share nearly 40%. And in terms of application, the largest application is Client, followed by Enterprise.

Market Segmentation:

Segment by Type, the Solid State Drive (SSD) market is segmented into
Below 120GB
(120-320)GB
(320-500)GB
500GB-1TB
(1-2)TB
Above 2TB
Segment by Application, the Solid State Drive (SSD) market is segmented into
Enterprise
Client

Key Market Trends:

Rising Demand from Enterprise Segment to Augment the Market Growth
- SSDs in enterprises store data persistently or cache data in non-volatile semiconductor memory temporarily. It is intended for use in servers, storage systems, and direct-attached storage (DAS) devices. These SSDs generally use NAND flash memory, deliver higher performance, and consume less power than spinning HDDs. However, they usually come at a premium price.
- Enterprise SSDs merits over a client SSD include protection of DRAM-stored data in the event of a power loss, higher performance, stronger error correction code (ECC), consistent and persistent quality of service, and a lengthier warranty.
- The earliest SSDs for enterprises used SLC (single-level cell) NAND flash, which stores one bit per cell and offers the highest level of endurance and performance, with a typical lifecycle of 100,000 writes per cell.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools:  Solid State Drive (SSD) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Solid State Drive (SSD) Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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