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Solid State Drive Market Is Estimated To Cross The $60,000 Million Mark By 2023
A solid state drive (SDD) is a type of non-volatile storage media that stores persistent data on solid-state flash memory. The architectural configuration of a typical SDD controller is optimized to deliver high performance of read and write functions. Unlike hard disk drive (HDD), SDD has no moving part to break down and stop functioning. Apart from this, SDD is also a very much viable option for large data center as it offers speed, mass volume, and hierarchical storage mechanism.
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The research states that the global SDD market is very slightly competitive, and moving towards a consolidating structure Players such as Samsung Electronics Co. Ltd., Intel Corporation, SanDisk Corporation Inc., and Toshiba Corporation are dominating the global market with string hold on consumer base and brand power. However, mid-level players are upgrading their design and development capabilities to compete in this marketplace.
Development in the SSD market:
The companies are strengthening their presence in SSD market with the acquisition. For instance, Western Digital had acquired SiliconSystems Inc. in a $65 million cash deal. The acquisition allows Western digital to enter in SSD market effectively and immediately
In April 2016, SanDisk Corp has reported an increase in quarterly revenue, due to strong demand for its chips used in solid-state drives and data centers.
In March 2017, Toshiba America Electronic Components, Inc. (TAEC) has generated revenue of US$17 billion in solid state drive (SSD) segment in 2016. The SSD business of Toshiba also realized strong growth. The SSD segment revenue has increased by 114% year over year in 2016. In 2016, Toshiba has occupied the fourth share position in the SSD market. In SSD market, the major customers for Toshiba are data centers. In 2003, Samsung had hold 60% market share in SSD market.
Key factors consideration for market sizing:
· Analysis of data generation by country
· Analysis of need of data storage
· Impact analysis of cybercrime, data hacks by country
· Analysis of storage solutions
· Adoption of storage solutions by enterprises
· Pricing analysis of storage solutions
· Factors for the growth of digitalization
· Analysis of electronics industry by country
· Analysis of value chain in SSD
· Micro economic factors
o ICT spending of country
o ICT sending by industry vertical
Detailed Analysis of Table of Contents @https://www.blueweaveconsulting.com/solid-state-drives-market-1855/#1536301857979-e3fc3c18-41a6
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