This report focuses on Professional Global Solid State Drive Market 2020 volume and value at Global level, regional level and company level. Global Solid State Drive Market comprehensive analysis of the business models, key ways, and individual market shares of some of the most outstanding players during this landscape.
Global “Solid State Drive Market” Report 2020 contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. The Solid State Drive market growth is expected to register a CAGR of 15.1% during the forecast period. Solid State Drive Market reports offer a detailed assessment of the Solid State Drive including enabling technologies, current market scenario, market assumptions, restraining factors.
Solid State Drive Market Report covers the Top Key-players 2020:-
The global Solid State Drive market covers the vision of competitor analysis by product types, market share, applications, sales, and revenue.
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The Solid State Drive Market was valued at USD 26.4 billion in 2017 and is expected to grow at a CAGR of 15.1% during the forecast period (2018 – 2023), to reach USD 60.7 billion by 2023. Solid State Drive have applications in commercial and industrial data centers. Also, these drives are used in PCs, tablets, notebooks, and mobile phones. The scope of our study is geographically limited to North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.Enterprise applications demand high-performance storage, high throughput, power efficiency, and high dependability, and SSDs (solid state devices) meet all these requirements. Small scale SSD’s are being adopted in laptops, personal computers, and to some extent in tablets, mobile phones. SSDs are also a viable option for data centers as they offer high speed, hierarchical storage and mass volume owing to their non-volatile memory technology as they also provide high-speed bus interface enabling high data-transfer speed in enterprise systems. A growing adoption of high-end cloud computing and penetration of SSDs in data centers is expected to drive the solid state drive market. However, the cost of these drives compared to HDDs can act as a challenge for the market.Rising Demand from Enterprise Segment to Augment the Market GrowthThe growth in data generated by enterprise coupled with the growing adoption of cloud technology is expected to drive the market. It is projected that by 2022, more than 72% of the global organizations will migrate to cloud from on-premise data centers, cementing the rise of cloud storage. In addition, cloud acts as a catalyst for IT transformation, providing the flexibility to combine the cloud and existing on-premise infrastructure in the ratio best suited for the workload, driving the demand for SSDs in cloud computing. Also, increasing digitization globally is expected to contribute value to different end-user industries such as BFSI, IT services which is rising need for mega data centers worldwide.Asia-Pacific Expected to Witness the Fastest GrowthThe market in the region is driven by growing adoption of cloud computing in the enterprises and the growth in the data generated and data centres in the region. The region is poised to witness the fastest growth rate owing to developments in India and China. Over the last two years, the public cloud services market in India has seen phenomenal growth, reaching USD 1.8 billion in 2017, and this figure is expected to reach USD 4.1 billion by 2020. The growing demand for high-density, redundant facilities throughout China is precipitating a shift in the design and development of the country’s data centers. China has 50 internet users per 100 population indicating scope for lot of development and the connectivity ecosystem is made up of 73 colocation data centres, 52 cloud service providers.
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Finally, the report Global Solid State Drive Market 2020 describes the Solid State Drive industry expansion game plan, the Solid State Drive industry knowledge supply, appendix, analysis findings, and the conclusion.
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