PRN: Solid State Drives Market Expected to Reach $25.30 Billion by 2022 - Key Vendors are Micron Technology, Seagate Technology & Sandisk Corp

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Solid State Drives Market Expected to Reach $25.30 Billion by 2022 - Key Vendors are Micron Technology, Seagate Technology & Sandisk Corp


DUBLIN, March 8, 2016 /PRNewswire/ --

Research and Markets ( has announced the addition of the "Solid State Drive Market - Global Trend and Forecast to 2022" report to their offering.

The solid state drives market is expected to reach USD 25.30 Billion by 2022, at a CAGR of 9.5% between 2016 and 2022.

Solid state drive are gaining traction in the market due to their advantages over traditional hard disk drives (HDDs). Solid state drive have no moving parts, which reduces the risk of mechanical failures of SSDs and allows data transfer at a high speed. In addition, SSDs are more reliable, durable, and efficient than HDDs.

A solid state drive is a key solution that meets all the requirements of a data center. Further, solid state drive are increasingly used in notebooks/laptops and tablets due to their thin and lightweight form factors. Also, these drives offer superior protection for sensitive data against theft and breach and provide faster system performance than the traditional HDDs.

North America accounted for the largest share of the solid state drive market in 2015. It is a key market for notebooks, laptops, and tablets. The increasing adoption of solid state drive in these devices to save time, speed up the data transfer, and achieve high performance level is expected to boost the growth of this market in this region.

One of the key restraining factors for the growth of the SSDs market is the inconsistency of low-rate latency offered by solid state drive. Low latency is the most important thing that can be delivered to a performance-sensitive application or a workhorse database environment. However, low latency is not obtainable every time. Currently, low latency can effectively be addressed by an enterprise SSD design. It is expected that low latency would be obtainable by both the client as well as enterprise SSDs in the coming years.  

Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights - Solid State Drives Market

5 Market Overview

6 Industry Trends

7 Market, By Capacity

8 Market, By Interface

9 Market Analysis, By End User

10 Market Analysis, By Application

11 Market, By Geography

12 Competitive Landscape

13 Company Profiles

Companies Mentioned:

  • Hitachi Global Storage Technology (HGST) Inc.
  • Intel Corp.
  • Kingston Technology Corp.
  • Lite-On Technology Corp.
  • Micron Technology Inc.
  • Microsemi Corp.
  • Samsung Electronics Co. Ltd.
  • Sandisk Corp.
  • Seagate Technology PLC
  • Toshiba Corp.

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