Solid State Drive Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“Solid State Drive Market Worth $25.51 Billion By 2025 | CAGR: 14.7%”
The global solid state drive (SSD) market size is expected to reach USD 25.51 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 14.7% during the forecast period. The market is majorly driven by increasing penetration of high-end cloud computing, growing adoption of SSDs in data centers, and numerous advantages of SSDs over hard disk drives (HDDs). Intensive use of social media, booming online commerce, and surge in media content will play a critical role in driving the SSD market over the forecast period. The average household’s storage capacity is expected to increase over the coming years due to popularity of smartphones and tablets, which has allowed consumers to generate large volumes of digital data and content. This has led to growing demand for sufficient capacity to store content. Rising adoption of SSDs in data centers is a result of various factors such as its greater efficiency compared to traditional HDD storage, increased demand for storage infrastructure, and advancements in enterprise-level SSD in terms of reliability and performance. Enterprises prefer SSDs because they consume less energy, allow for reduction in sprawl, and result in a smaller environmental footprint. Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/solid-state-drives-industry
The North American region led the market in terms of revenue in 2016. The exchange rate of hard disk drives (HDDs) with SSDs is higher in North America as compared to other regions. Similarly, manufacturers are focusing on product differentiation and innovation to increase geographical reach as well as revenue. This will further help accelerate demand for SSDs. Further key findings from the report suggest:
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Intensive use of social media, booming online commerce, and surge in media content will play a critical role in driving the SSD market over the forecast period
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The average household’s storage capacity is expected to increase over the coming years due to popularity of smartphones and tablets, which has allowed consumers to generate large volumes of digital data and content. This has led to growing demand for sufficient capacity to store content
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The South America and MEA markets are majorly driven by increasing usage of laptops and smartphones embedded with SSDs. Increasing knowledge about advantages of SSDs over HDDs is expected to boost demand for SSDs over the forecast period in these regions. On the other hand, high price of SSDs is expected to negatively impact demand
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Key players in the market include Intel Corporation; Micron Technology, Inc.; Samsung Electronics Co., Ltd.; Seagate Technology PLC; and Western Digital Corporation.
Table of Contents Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope & Assumptions Chapter 2 Executive Summary 2.1 Solid State Drive Market Industry Snapshot & Key Buying Criteria, 2014 - 2025 Chapter 3 Solid State Drive Variables, Trends & Scope 3.1 Market Segmentation & Scope 3.2 SSD Market Size and Growth Prospects 3.3 Solid State Drive Market Value Chain Analysis 3.3.1 Solid Sate Drive Market Solid State Drive Architecture 3.4 Market Dynamics 3.4.1 Market driver analysis 3.4.1.1 Increasing penetration of high-end cloud computing 3.4.1.2 Growing adoption of SSDs in data centers 3.4.1.3 Advantage of SSDs over HDDs 3.4.2 Market Restraint Analysis 3.4.2.1 High cost and shorter lifespan of SSDs 3.5 Penetration & Growth Prospect Mapping 3.6 Industry Analysis Porter’s 3.7 Global Solid State Drive Market Key Company Analysis, 2016 3.7.1 Key company analysis, 2016 3.8 Solid State Drive Market PESTEL Analysis
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Chapter 4 Solid State Drive Market: Type Estimates and Trend Analysis 4.1 Solid State Drive Market: Type Movement Analysis 4.1.1 External 4.1.1.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 4.1.1.2. Market estimates and forecasts, 2014 - 2025 (Million Units) 4.1.2 Internal 4.1.2.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 4.1.2.2. Market estimates and forecasts, 2014 - 2025 (Million Units) Continue…………………. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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