Solid State Drive (SSD) Market Size, Share, Trends, 2022 Segment Overview, Company Profiles, Regional Analysis and Forecast 2031

Kenneth Research, in its repository of market research reports, has recently added a report on Solid State Drive (SSD) Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Solid State Drive (SSD) Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Solid State Drive (SSD) Market products.

The Global Solid State Drive (SSD) Market was valued at USD 17.63 billion in 2016 and is projected to reach USD 61.01 billion by 202Conditions: Competitors, Clinical Trials, and Pipelines for Diagnostics, Treatments, Cell Therapies & Vaccines5, growing at a CAGR of 14.79% from 2017 to 2025.

A solid-state drive (SSD) is a nonvolatile storage device that stores persistent data on solid-state flash memory. A SSD has an array of semiconductor memory organized as a disk drive, using integrated circuits rather than magnetic or optical storage media. Benefits of SSD includes – faster functioning, more durable, easier to carry, more efficient, easy to install, faster data reads and writes, reliable, less power consumption, and provides video-on-demand service.

The Final Report will cover the impact analysis of COVID-19 on this industry:

Download Sample of This Strategic Report:

Market Dynamics:
1. Market Drivers
1.1 Relational analytics using smart SSDs
1.2 Increasing adoption of SSDs in tablets and notebooks
1.3 Advantages of SSDs over HDDs
1.4 Rising adoption of SSDs in data center
1.5 Growing usage of high-end cloud computing
2. Market Restraints
2.1 Design complexities
2.2 Smaller lifespan of SSDs and high cost
2.3 High inconsistency related to low rate latency offered by SSDs

Market Segmentation:
The Global Solid State Drive (SSD) Market is segmented on the end user, technology, form factor, interface, capacity, and region.

1. End User:
1.1 Client SSDs
1.2 Enterprise SSDs

2. By Technology:
2.1 TLC Planar
2.2 TLC 3D
2.3 SLC
2.4 MLC 3D
2.5 MLC Planar

3. By Form Factor:
3.1 1.8â€Â/2.5â€Â
3.2 3.5â€Â
3.3 M.2
3.4 U.2 (SFF 8639)
3.5 FHHL and HHHL

4. By Interface:
4.1 SAS
4.2 PCIe
4.3 SATA

5. By Capacity:
5.1 80 GB and Below
5.2 81 GB to 230 GB
5.3 231 GB to 500 GB
5.4 501 GB to 1 TB
5.5 1 TB and Above

6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Intel
2. Micron
3. Toshiba
4. Microsemi
5. Seagate
6. Kingston
7. SK Hynix
8. Western Digital
9. Samsung
10. Bitmicro Networks
11. Lite-On
12. Viking
13. Adata

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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