Overview:

Solid state devices are physical storage devices that use flash memory for storing data. The solid-state devices have two key components namely a flash controller and NAND flash memory chip.

Market Dynamics:

Increasing number of data center globally owing to increase in big data is a major factor driving growthof the Solid-State Devices (SSDS) Market. Additionally, rising adoption of cloud-based services and increasing focus on advance cloud computing are other factors fueling growth of the global market. This factor is expected to further fuel growth of the market to a significant extent over the forecast period. Moreover, digitalization, increasing smartphone penetration, and rise in media data are other factors fueling growth of the target market.

Key Trends:

Development of triple-level cell flash drive for enterprise use is a key trend observed in the market. For instance, in 2013, Samsung introduced triple-level cells having memory capacity of 128 Gb and 512 Gb in 2017. Thus, development in SSD flash drives is a key trend expected to further fuel growth of the global market during the forecast period.

Regional Analysis:

For detailed understanding of market dynamics, the global marketis analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American accounts for the major revenue share in 2018, owing toincreasing adoption of connected devices leading to rise in data volumes coupled with development of advance IT infrastructure. The market in Asia Pacific is expected to witness highest growth during the forecast period. This growth can be attributed to rising demand for on-site systems and increase in data centers in the region.

Scope of the Report:

Detailed Segmentation:

Global Solid-State Devices (SSDS) Market, By Type:

• External
• Internal

Global Solid-State Devices (SSDS) Market, By Storage Size:

• Under 500 GB
• 500 GB–1 TB
• 1 TB – 2 TB
• Above 2 TB

Global Solid-State Devices (SSDS) Market, ByEnd User:

• Enterprise
• Client

Key Players Covered:

Key players operating in the market includes, Samsung, Intel, Western Digital, Micron, Toshiba, Seagate, Microsemi, Lite-On, SK Hynix, and Kingston

Key features of the study:

Foresight Market Research provides detailed analysis on Solid State Devices (SSDS) Market in our report- Global Solid-State Devices (SSDS) Market by type, storage size, end user, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global solid-state devices (SSDS) market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.