Europe Solid State Drives (SSD) Market Predicted to Grow at a CAGR of 17.7 % CAGR, Claims Business Market Insights

The Europe solid state drives (SSD) market is expected to grow from US$ 12,351.50 million in 2022 to US$ 38,760.38 million by 2029; it is estimated to grow at a CAGR of 17.7% from 2022 to 2029.

Solid-state drives (SSDs) are already nearly ubiquitous in desktop and laptop computers, but they have taken far longer to reach the same level of adoption in the data center. Because cloud and data center applications have such dissimilar needs, three components of SSD technology must mature before SSDs can be a viable alternative for hard discs: cost, reliability, and capacity. Now that the technology has matured to the point where an SSD-only data center is not only a possibility but also the future of enterprise storage.

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Initially, server SSDs were best used as cache and hot storage in conjunction with SAS or SATA spinning discs, but with higher density NAND allowing for capacities of up to 3.84TB, fast NVMe-based AIC drives, and upcoming standards such as U.2, there is a shift toward All-Flash Arrays (AFA), which completely eliminate spinning discs. A single solid-state drive (SSD) can outperform many spinning discs while using less electricity. As a result, you can consolidate servers and minimize the overall physical footprint of a storage rack. However, data center SSDs use a different set of measurements than consumer PCs. A data center must be able to meet this requirement and will encounter increased demand based on the application, unlike a conventional client PC, whose usage is unlikely to ever

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Major Key players covered in this report:

• G.SKILL International Enterprise Co., Ltd.
• Hangzhou Hikstorage Technology Co., Limited
• Kingston Technology Europe Co LLP
• KIOXIA Corporation
• Micron Technology, Inc.
• Microsemi Corporation
• Samsung Group
• Seagate Technology LLC
• Silicon Power Computer & Communications Inc.
• SK Hynix Inc.
• Western Digital Corporation

EUROPE SOLID STATE DRIVES (SSD) MARKET SEGMENTATION

Europe Solid State Drives (SSD) Market, by Technology

• Single Level Cell
• Multi-Level Cell
• Triple Level Cell

Europe Solid State Drives (SSD) Market, by Storage

• Under 500 GB
• 500 GB – 1TB
• 1TB – 2 TB
• Above 2 TB

Europe Solid State Drives (SSD) Market, by End-User

• Industrial
• Enterprise
• Consumer

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With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe solid state drives (SSD) market. The Europe solid state drives (SSD) market is expected to grow at a good CAGR during the forecast period.

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This release was published on openPR.