DUBLIN–(BUSINESS WIRE)–The “Solid State Drive (SSD) Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The solid-state drive (SSD) market was valued at USD 34.86 billion in 2020, and it is expected to witness a CAGR of 14.94% during the forecast period (2021 – 2026), to reach USD 80.34 billion by 2026.
The data storage demand is on a massive rise over the past few years, which is expected to witness an increasing trend over the forecast period as well. In order to fulfill this enormous demand for data storage, solid-state drives (SSDs) and hard disk drives (HDD) have emerged as the two leading storage solutions, each having their benefits.
SSDs are similar to HDD, in terms of being non-volatile storage mediums. However, instead of spinning disks, the data is stored in a series of interconnected microchips. This makes access to memory much faster and causes the boot times to reduce drastically in SSDs. These factors are increasing the adoption of SSD in the computing process.
Additionally, SSDs are drawing users’ attention worldwide due to its numerous advantages, such as fast read-write speed, no noise, lower consumption, portability, etc. It can offer faster, more energy-efficient, and more secure data storage experience. Moreover, the game loading speed is faster, and the response-ability and seamless multi-task processing capacity are stronger.
Furthermore, higher SSD capacities at sensitive price points are expected to result in higher attach rates over time, in a new notebook and desktop PCs, and detachable tablets. Many enterprise applications need high reliability, constant uptime, high-performance storage devices, power efficiency, and high throughput. SSDs address all these requirements in an enterprise.
The demand for SSD has been rapidly increasing, along with the growing number of cloud platforms, from the traditional corporate private and new public clouds to personal clouds in homes. The commonly used SSD interfaces include Serial ATA (SATA), PCI Express (PCIe), and Serial Attached SCSI (SAS). Enhanced features, such as high speed and quick data access, boost the adoption of PCIe SSDs for cloud computing.
However, the outbreak of COVID-19 has a significant effect on the market. The raw materials supply is affected, hence the value chain is disrupted, causing an inflationary risk on products.
Competitive Landscape
The solid-state drive (SSD) market is competitive owing to the major vendors, such as Intel, Micron Technology, Samsung Electronics, and Western Digital Corporation. As the entry barriers in the market are high, the entry of new players is difficult. The existing vendors in the market are investing heavily in the R&D of new and innovative products.
Key Topics Covered:
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness – Porter’s Five Forces Analysis
4.3 Industry Value Chain Analysis
4.4 Assessment of COVID-19 Impact on the Industry
4.4.1 Supply Chain Disruptions to Impact the Enterprise SSD Segment in the Short- and Medium-term as Several Largescale Organizations Continue to Stockpile their Inventory
4.4.2 Marginal Rise in Prices of Client SSD’s, which currently offer Smaller Profit Margins as Compared to the Enterprise segments
4.4.3 Stable Demand from Emerging Applications such as Gaming Consoles
4.4.4 Mapping of the effect of COVID-19 on the overall Industry Performance for 2020 and 2021
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Adoption in Data Center Applications
5.1.2 High Demand from the High-end Cloud Segment
5.1.3 Greater Utility of SSD over HDD in Key Verticals
5.2 Market Challenges
5.2.1 Concerns over Cost and Total Lifespan of SSD’s
5.3 Market Opportunities
6. SSD MARKET ANALYSIS
6.1 SSD Pricing Analysis (2014-2018)
6.2 Evolution of SSD Market (in comparison to the HDD)
6.3 Unit Shipment Analysis (2014-2018)
6.4 Analysis of the Storage capacity and Form Factor of SSD and their Evolution
7. MARKET SEGMENTATION
7.1 By SSD Interface
7.1.1 SATA
7.1.2 SAS
7.1.3 PCIe
7.2 By Application
7.2.1 Enterprise
7.2.2 Client
7.3 By Geography
8. COMPETITIVE LANDSCAPE ANALYSIS
8.1 Vendor Market Share Analysis
8.2 Analysis of the key differentiators and strategies of major SSD Manufacturers
9. KEY VENDOR PROFILES
9.1 Intel Corporation
9.2 Samsung Group
9.3 Micron Technology Inc.
9.4 Western Digital Corporation
9.5 Seagate Technology LLC
9.6 SK Hynix Inc.
9.7 ADATA Technology Co. Ltd
9.8 Kingston Technology Corporation
9.9 Transcend Information Inc.
9.10 Teclast Electronics Co. Limited
10. INVESTMENT ANALYSIS
11. FUTURE OF THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/t2u7uh
