Global Solid State Drive Market: Things to Focus on to Ensure Long-term Success 2020-2026 - PowerPoint PPT Presentation

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Global Solid State Drive Market: Things to Focus on to Ensure Long-term Success 2020-2026

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Title: Global Solid State Drive Market: Things to Focus on to Ensure Long-term Success 2020-2026


1
Global Solid State Drive Market High-growth
Regions to Expand Geographic Footprint 2020- 2026
2
Industry Overview
  • Accordingly, to Global Market Insights research
    report global Solid State Drive Market is
    estimated to register lucrative revenue growth
    given to the products high performance features
    compared to conventional HDDs. Solid state drives
    have come up as an effective alternative to
    conventional mechanical hard disks. The product
    has fast throughput rates and low read-access
    times, enabling it to drastically speed up
    overall computers performance.
  • Driven by better efficiency and high performance
    characteristics, the demand for SSDs has
    skyrocketed over the years, especially to drive
    applications like big data analytics, smart
    devices, high graphic games and cloud computing.
    suggests that the Solid State Drive market size
    could surpass USD 125 billion by the year 2026.
  • Solid State Drive market are observing a huge
    spike in adoption across data center facilities
    on account of numerous storage expansion
    activities. They help provide superior
    performance, efficiency, and reliability,
    enhancing data center operations. The
    introduction of 5G technology across countries
    like the US could fuel the demand for efficient
    data storage equipment.

3
Continue
  • Numerous SMEs and large organizations are
    gradually inclining towards SSDs owing to its
    remarkable benefits like reduction in sprawl,
    small environmental footprint, and low power
    consumption. Solid State Drive market are
    witnessing heavy demand from client applications
    as these devices help improve user experience
    with enhanced boot time, application load, and
    copying files.
  • In terms of storage, the Solid State Drive market
    is categorized into above 2 TB, 1T B - 2 TB, 500
    GB - 1 TB, and under 500 GB. The above 2 TB SSD
    storage devices market is projected to record a
    CAGR of almost 25, registering over 30 million
    unit shipments within 2026. Increasing
    development of connected and smart appliances
    along with rapid expansion of smart city
    infrastructure could boost the adoption of
    high-quality SSDs to process and store Big Data.
    Moreover, surging adoption of the Internet of
    Things (IoT) across practically every sector
    might further support industry growth.
  • Meanwhile, rapid development across the gaming
    sector coupled with increasing adoption of high
    encrypted graphics to create realistic games
    could play a crucial role in expanding the
    storage capacities of gaming laptops and
    consoles. Electronic manufacturers have begun
    developing SSDs that offer high and improved
    storage options especially for gaming. For
    example, in June 2019, Western Digital released
    SN750 NVMe SSD based on the M.2 form factor for
    PC games.

4

Browse Full Market Research Report _at_
https//bit.ly/3dpN3JI Request for a
Sample of this Research report _at_
https//bit.ly/3hVuNuU
5
Growth Drivers
  • Rising adoption of SSD in data centers
  • Emerging application of SSD in automotive sector
  • Increasing penetration for high end cloud
    computing
  • Declining cost of SSD will gain advantage over
    HDD
  • Rising initiative for deployment of 5G technology
    in developing nations
  • Increasing demand from consumer electronics
    products

6
Continue
  • Prominent industry players, ADATA Technology Co.
    Ltd, Bitmicro networks Inc, Intel Corporation,
    Kinston Technology, KIOXIA America, Inc (Toshiba
    Corporation), Micron, Microsemi, Mushkin Enhanced
    MFG, Netapp, Samsung, Seagate Technology LLC, SK
    Hynix Inc., Viking Technology, Western Digital

7
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