Solid State Drive Market Growth, Trends, Product, Forecast Research, 2024

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Solid State Drive Market Forecast and Business
Opportunities from 2018 to 2024 Global Market
Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Solid State Drive Market

• The U.S. SSD market is expected to witness growth
  that can be attributed to the increasing demand
  for advanced computing systems, flourishing cloud
  computing, and big data markets. Additionally,
  the manufacturers in the U.S. region are focusing
  on innovation product differentiation to
  increase the penetration of their products,
  increase the revenues, quickening the demand for
  the product in the region. A substantial rise in
  the mobile devices, increasing need for
  high-capacity storage devices, and a high number
  of data centers in China and India are projected
  to drive the SSD market.
• An increase in the digitization of daily
  activities and a huge increase in the media
  transfer due to social media penetration are
  expected to drive the SSD market. In India,
  government initiatives, such as Digital India,
  are compelling people to go digital, fueling the
  growth of digital data. Owing to the increasing
  penetration of smart devices coupled with the
  rise of the low-cost internet, people have
  started sharing high volumes of data such as HD
  videos and high-resolution images, generating
  huge data on the internet. Furthermore,
  increasing utilization of the technology in
  personal computers, laptops, smartphones, and
  tablets for storage applications is further
  driving the SSD market.

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• Application Analysis of Solid State Drive Market
  
• Based on the types in the SSD market, the product
  is classified into two categories, internal and
  external. It can be used as an internal memory
  storage for personal computers, laptops, tablets,
  and smartphones and they can be used as an
  external memory storing device. The industry is
  currently witnessing an increasing use of
  external devices due to their portable nature. An
  external device is expensive slower however,
  it can be attached to devices through FireWire or
  USB.
• The SSD market is segmented based on interfaces,
  which include SATA, SAS, and PCIe. PCIe segment
  is popular in the consumer segment market as it
  involves small products in the card format.
  Moreover, SAS is gaining popularity in enterprise
  applications due to its high efficiency (data
  transfer speed up to 12GB/s) and lesser hardware
  overhead support for multiple data paths.
  Currently, most producers use NAND flash-based
  memory due to benefits such as non-volatility and
  low cost as compared to dynamic random-access
  memory, making this an added advantage
  contributing to the SSD market.

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Competitive Market Share of Solid State Drive
Market

• Key players in the SSD market include Samsung
  Electronics Co., Intel Corporation, Seagate
  Technology PLC, Western Digital Corporation, and
  Toshiba, amongst others.
• Samsung is a leading player, which provides a
  broad product portfolio with strong technical
  expertise.
• It offers V-NAND technology, which will enhance
  the latency in its products. Rapid technological
  advancements and increase in the RD investments
  by leading players will drive the growth.

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