PUNE, India, October 16, 2017 /PRNewswire/ --
The solid state drive market size will reach $60.22 billion by 2023 from $26.47 billion in 2017 at a CAGR of 14.68% between (2017-2023) driven by the increasing penetration of high-end cloud computing, growing adoption of SSDs in data centers and advantages of SSDs over HDDs, while market for SATA interface solid state drive held the largest size in 2016 according to ReportsnReports.com.
Browse 67 Market Data Tables and 46 Figures spread through 160 Pages and in-depth TOC on "Solid State Drive (SSD) Market by Form Factor (2.5", 3.5", M.2, U.2/SFF 8639, FHHL/HHHL), Interface (SATA, SAS, PCIe), Technology (SLC, MLC, TLC), End-user (Enterprise, Client, Industrial, Automotive), and Geography - Global Forecast to 2023" http://www.reportsnreports.com/reports/503680-solid-state-drives-market-by-capacity-interface-sata-sas-pcie-end-user-enterprise-client-application-data-centers-desktop-pcs-notebooks-tablets-entertainment-devices-video-storage-and-region-global-trend-and-forecast-to-2022.html .
The major players included in the solid state drive market with market share analysis are Samsung (South Korea), Intel (US), Western Digital (US), Micron (US), and Toshiba (Japan). The report also covers various innovators involved in the solid state drive market. Viking (US), Adata (Taiwan), Foremay (US), BiTMICRO Networks (US), and Crossbar (US) are a few innovators in the solid state drive market that offer disruptive products. Also, Diablo Technologies (Canada) and Violin Memory (US) are a few emerging companies in the market.
APAC is expected to be the fastest-growing solid state drive market during the forecast period. The rapidly growing consumer electronics market and the increasing adoption of SSDs in electronic devices are expected to boost the solid state drive market in APAC. Also, China's semiconductor giants such as Huawei Technologies and Tsinghua Uni Group, and Taiwanese companies such as Mediatek focus on the development of SSD controllers, which would further help increase the demand for SSDs.
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The solid state drive market for TLC 3D expected to grow at the highest CAGR during the forecast period. 3D TLC has emerged, wherein the cells are stacked vertically on top of one another. 3D TLC offers larger densities than planar TLC. It also consumes less power to program flash memory, thereby improving durability. For instance, Samsung's second-generation 3D TLC NAND is characterized by 20K P/E cycles. Also, the page program time (tPROG) is a key parameter that determines write performance. Samsung's second-generation 3D TLC NAND decreases tPROG by 50% compared to planar TLC NAND, making it faster than planar TLC.
The solid state drive market for PCI interface SSD expected to grow at the highest CAGR during the forecast period. The market for PCIe interface SSD is expected to grow at the highest CAGR during the forecast period. This is owing to the advantages offered by PCIe such as high speed, enhanced performance scaling, and detailed error detection and reporting over other interfaces. The demand for PCIe interface is growing rapidly in the solid state drive market because of its advanced features such as low latency and high performance.
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The 1.8"/2.5" form factor based solid state drive market accounted for the largest share in 2016. 2.5" SSD comes at a low cost per IO than all other form factors. 2.5'’ form factor supports all types of interfaces including SATA, SAS, and PCIe. 2.5" SSD is an effective form factor considering all its features such as ruggedness, scalability, serviceability, and others and is expected to be adopted on a large scale during the forecast period.
Breakdown of profile of primary participants:
- By Company: Tier 1 - 25 %, Tier 2 - 55%, and Tier 3 - 20%
- By Designation: C-level Executives - 30%, Directors - 30%, and Others - 40%
- By Region: North America - 45%, Europe - 17%, APAC - 30%, and RoW - 8%
The study segments in the solid state drive market report include: interface - SATA, SAS, and PCIe; form factor - 1.8"/2.5", 3.5", M.2, U.2 (SFF 8639), FHHL, and HHHL; and technology - SLC, MLC Planar, MLC 3D, TLC Planar, and TLC 3D. The study also covers end-user industries and geographic forecast of the market size for various segments with regard to 4main regions - North America, Europe, APAC, and RoW.
Another research titled Non-Volatile Memory Market Global Forecast to 2022 says, the non-volatile memory market has entered the growth phase and is expected to grow further in the coming years. The market is expected to be worth $81.51 billion in 2022, at a CAGR of 9.96% between 2016 and 2022. Emerging non-volatile memory market is estimated to grow a high CAGR during the forecast period. Market for consumer electronics industry held the largest share of the non-volatile memory market in 2015. APAC is expected to be the fastest-growing market for non-volatile memory during the forecast period. Companies such as Samsung Electronics Co., Ltd. (South Korea), Toshiba Corp. (Japan), Micron Technology, Inc. (U.S.), SK Hynix, Inc. (South Korea), Western Digital Corp. (U.S.), Adesto Technologies Corp. (U.S.), Intel Corporation. (U.S.), Microchip Technology, Inc. (U.S.), Fujitsu Ltd. (Japan), Everspin Technologies, Inc. (U.S.), Viking Technologies Ltd. (U.S.), Crossbar Inc. (U.S.), Nantero Inc. (U.S.), Kilopass Technology Inc. (U.S.), Sidense Corp. (U.S.) have been profiled in this 200 pages research report available at http://www.reportsnreports.com/reports/280984-non-volatile-memory-market-by-type-traditional-emerging-product-printed-memory-hard-disk-drives-and-others-application-industrial-healthcare-automotive-energy-and-power-enterprise-storage-and-others.html .
Explore more reports on IT & Telecommunication Market at http://www.reportsnreports.com/market-research/information-technology/ .
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