Market Revenue Solid State Drive (SSD) Industry Capacity, Product

Solid State Drive (SSD) Industry Capacity, Production, Revenue
(Value) by Region Forecast 2025
“Solid State Drive (SSD) Market is expected to reach $25.51 billion by 2025.
Solid State Drive (SSD) industry is driven by factors such as advantages
offered by solid state drives over hard disk drives coupled with rise in uses of
SSD in data centers.”
The global Solid State Drive (SSD) Market is expected to reach $25.51 billion by 2025. Solid State Drive (SSD)
industry is driven by factors such as advantages offered by solid state drives over hard disk drives coupled with
rise in uses of SSD in data centers. Rising adoption of solid state drives, content generation and storage
capacities for enormous amount of digital data is expected to create favorable market conditions for further
development in the forecast period. Subsequently, the rising regulations pertaining to environment and other
stringent laws is likely to curb the market growth in the forecast period; wherein the CAGR would be
14.7%.Solid-state drives are undoubtedly considered as the enabling factor to leverage the storage performance
level of an enterprise.
The rotating storage technology of hard disk drives are low in efficiency and at times non-competent to perform
quicker response. On the contrary, SSDs are based on NAND flash memories with no mechanical parts and
random access to the data is prompt. In many applications, the interaction between drives and host processors
experience a blockage, which is why SSD’s interface evolves from conventional storage interfaces such as SATA,
SAS, and PCIe that enables an uninterrupted connection of the SSD to the host processor. Flash-memory based
SSDs offer prompt random access to data and rapid data transfer. The market segmentation spans by type,
storage, end-use and geography. The storage type dominates the market growth in the forthcoming period
owing to unique performance and value added features. End-use segment stands second to the storage segment
in the global market owing to high demand from enterprises.
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