Zion Market Research Global Solid State Drive Market, 2016–2024 | Page 3

Solid State Drive Market
Global Solid State Drive Market: Growth Factors
Growing penetration of smartphones coupled with flash memory technology is expected to boost the
global solid state drive market growth in future. Solid state drive provides ideal storage solution thus
driving the global market growth. Telecommunication, video editing and streaming media firms and
equity trading companies are the major industries that are benefited by the high data speed offered by
solid state drive. Several advantages of the solid state drive include the low rate of latency, consistent
performance, and reliable operation; hence, solid state drives is extensively preferred by the
customer. Increasing implementation of the solid state drive in various handheld devices drives the
global solid state drive market growth. The compact size of the solid state drive renders them
perfectly suitable for notebooks making it thinner & lightweight body, ensures longer battery life and
high performance. However, high cost associated with research & development and sales &
promotion activities are hindering the global market growth.
Global Solid State Drive Market: Segmentation
The global solid state drive market is categorized based on type as multi-level cell and single-level
cell. Based on end-user industries the global market is fragmented as government, banking, data
centers/IT, finance and defense. Region-wise, the solid state drive is diversified into Asia Pacific,
North America, Europe and Rest of the World.
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