The Insight Partners adds “Solid State Drives (SSD) Market Forecast to 2029 – COVID-19 Impact and Global Analysis By Type (External, Internal); Technology (Single-Level Cell (SLC), Multi-Level Cell (MLC), Triple-Layer Cell (TLC)); Storage (Under 500 GB, 500 GB-1 TB, 1 TB – 2 TB, Above 2 TB); End-User (Industrial, Automotive, Enterprise, Client, Others) and Geography” research report to the category of its store.
The solid state drives market is expected to grow from US$ 53,829.6 million in 2021 to US$ 143,557.0 million by 2029; it is estimated to grow at a CAGR of 15.0% during 2022 to 2029.
Request Sample PDF Brochure of Solid State Drives Market Size – COVID-19 Impact and Global Analysis with Strategic Developments at: https://www.theinsightpartners.com/sample/TIPRE00010778/
Key Recent Developments: Solid State Drives Market
- In November 2021, Kingston announced the launch of Kingston FURY Renegade SSD, a next-generation PCIe 4.0 NVMe M.2 drive for enthusiasts, gamers, and high-power users.
Increasing Penetration of High-End Cloud Computing
Cloud computing is rapidly becoming one of the most popular methods for businesses and individuals to back up and preserve their data. With the growing variety of cloud platforms-from classic corporate private and new public clouds to personal clouds in homes—the need for SSDs has constantly been expanding. SSDs featuring new interfaces such as PCIe, NVMe, and others have emerged due to technological improvements in solid state storage. PCIe SSDs for cloud computing are becoming more popular due to improved capabilities such as high speed and quick data access. New PCIe SSDs provide excellent performance with low latency and high frequency. A Solid state drive with these capabilities is necessary for various sophisticated activities in data-sensitive businesses like financial services, medical sciences, and energy management, where each microsecond of latency results in a significant revenue loss. Solid state drives, or SSDs as they are more frequently known, are storage devices that rely on memory. Traditional hard disc drives differ from SSDs because they lack magnetic storage and, more significantly, moving parts.
Inquiry Before Purchase: https://www.theinsightpartners.com/inquiry/TIPRE00010778/
Type Insights: Solid State Drives Market
Based on type, the global SSD market is segmented into external and internal. The internal segment dominated the market, accounting for 73.2% market share and is expected to capture 70.8% by 2029. Internal SSDs, also known as internal Solid state drives, are noted for their instant-load performance, which results in faster boot times, application loading times, and overall system responsiveness. An SSD is typically used as a storage solution and as a replacement for hard disc drives. Solid state drives are far more efficient than traditional HDDs since they have access speeds of 35 to 100 microseconds, which is 100 times faster than regular HDDs. SSDs use flash memory to store data instead of moving parts, ensuring improved performance and reliability.
Impact of COVID-19 Pandemic on Solid State Drives Market
The COVID-19 pandemic has affected several industries worldwide in a negative manner. The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicles and human movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has affected economies and countless industries in various countries. The lockdown imposition has resulted in the lesser production of commodities, goods, and services. Manufacturing, automotive, electronics & semiconductor, oil & gas, mining, aviation, and other industries have witnessed a decline in their operations due to the temporary shutdown of activities.
The rise in the utility of solid state drives worldwide and advancement in integration of next-generation technologies such as artificial intelligence in the industrial sector further drive the market. Single packaged SSDs decrease the size of IoT (Internet of Things) devices. Owing to distinct rules, norms, regulations, and policies of different countries, trade barriers in this market may act as a restraining factor to a certain extent. Among all the regions, the North American region is a quick adopter of all the latest technological advancements in the electronics & semiconductor industry.
Have a question? Speak to Research Analyst: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00010778
The report segments the global Solid State Drives market as follows:
By Type
By Technology
- Single-Level Cell (SLC)
- Multi-Level Cell (MLC)
- Triple-Layer Cell (TLC)
By Storage
-
Under 500 GB
-
500 GB-1 TB
-
1 TB – 2 TB
-
Above 2 TB
By End-User
- Industrial
- Automotive
- Enterprise
- Client
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- Australia
- South Korea
- Japan
- Rest of APAC
- Middle East and Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of SAM
Company Profiles:
- Kingston Technology Europe Co LLP
- SK Hynix Inc.
- Micron Technology, Inc.
- Microsemi Corporation
- Samsung Group
- KIOXIA Corporation
- G.SKILL International Enterprise Co., Ltd.
- Silicon Power Computer & Communications Inc.
- Hangzhou Hikstorage Technology Co., Limited
- Western Digital Corporation
Directly Purchase Premium Copy of Solid State Drives Market Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPRE00010778/
Expert Opinions on Solid State Drives Market:
During the course of the research study, various leading industry experts, global sales managers, key opinion leaders, and industry veterans shared their valuable and critical insights about global and regional trends related to the Solid State Drives market. As a result, the figure below summarizes a few expert opinions collected during the primary research for the global Solid State Drives market.
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: [email protected]
Phone: +1-646-491-9876
