Solid State Drive Market Worth$25.51 Billion By 2025 : Grand View Research, Inc.

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.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.

To view a summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/solid-state-drives-industry

Further key findings from the report suggest:

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
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
Key players in the market include Intel Corporation; Micron Technology, Inc.; Samsung Electronics Co., Ltd.; Seagate Technology PLC; and Western Digital Corporation.

View more reports of this category by Grand View Research at

www.grandviewresearch.com/industry/electronic-devices

Grand View Research has segmented the global solid state drive market based on type, storage, end use, and region:

Solid State Drive Type Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)

External
Internal

Solid State Drive Storage Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)

Under 120 GB
120GB-320GB
320GB-500GB
500GB-1TB
1TB-2TB
Above 2TB

Solid State Drive End Use Outlook(Volume, Million Units; Revenue, USD Million, 2014 - 2025)

Enterprise
- Small
- Medium
- Large
Client

Solid State Drive Regional Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- U.K.
Asia Pacific
- China
- India
- Taiwan
South America
- Brazil
The Middle East & Africa

View press release of this research report by Grand View Research:

www.grandviewresearch.com/press-release/global-solid-state-drives-market

About Grand View Research

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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and healthcare.

For more information: www.grandviewresearch.com