Solid State Drive (SSD) Market to Grow by 14.23% from 2023 to 2028 | ADATA Technology Co. Ltd., Corsair Gaming Inc., Kingston Technology Corporation, KIOXIA Holdings Corporation, Micron Technology Inc., Samsung Electronics Co. Ltd., Seagate Technology LLC

IMARC Group, a leading market research company, has recently releases report titled "Solid State Drive (SSD) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global SSD market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Solid State Drive (SSD) Market?

The global solid state drive (SSD) market size reached US$ 46.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 110.2 Billion by 2028, exhibiting a growth rate (CAGR) of 14.23% during 2023-2028.

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What is Solid State Drive (SSD)?

A solid state drive (SSD) is a data storage device that relies on a series of interconnected flash memory chips to store data. It facilitates high reliability and durability, faster boot and application load times, and smoother overall performance. It also consumes less power and offers a long battery life in laptops and other portable devices. Moreover, it exhibits better physical shock-resistant properties and less data access latency as compared to traditional hard drives, which are more susceptible to physical damage. At present, SSD is widely used in gaming consoles to provide fast access to game data and enterprise storage systems for improving performance.

What are the growth prospects and trends in the solid state drive (SSD) industry?

Rapid digitization and exponential rise in the volume of data generated represent one of the key factors catalyzing the demand for SSD across the globe. In addition, the rising penetration of high-end cloud computing interfaces and increasing demand for effective management of data are strengthening the market growth.

Apart from this, increasing adoption of advanced technologies, such as artificial intelligence (AI) and machine learning (ML) applications that require large amounts of data to train models and make predictions, in confluence with the advent of big data analytics that requires processing and analysis of large amounts of data, are bolstering the market growth.

Furthermore, inflating disposable incomes, increasing adoption of gaming systems, and rising demand for data security are stimulating the growth of the market worldwide.

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The report has segmented the market on the basis of region, type, interface, form factor, storage and application.

Breakup by Type:
• External
• Internal

Breakup by Interface:
• SATA
• SAS
• PCIe

Breakup by Form Factor:
• 1.8"/2.5"
• 3.5"
• M.2
• U.2 (SFF 8639)
• FHHL and HHHL

Breakup by Storage:
• Under 500 GB
• 500 GB-1 TB
• 1 TB-2 TB
• Above 2 TB

Breakup by Application:
• Enterprise
• Client
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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