Global Solid State Drive Market was valued at USD 34.47 billion in 2019 which is expected to reach USD 84.25 billion by 2027 at a CAGR 14.74%.
Solid state drive is also referred as electric disk or solid-state disk, which is type of data storage device that uses assemblies of integrated circuit as memory to store the data. This device does not contain any moving components. Solid state drive uses electronic interfaces that are well-matched with conventional input/output hard disk drives.
Increase in penetration of internet as well as growing commerce industry, and increase in volume of media data transfer are key driving factors which are expected to boost the global solid state drive market growth. Also, increase in popularity of mobiles tablets and smartphones which has allowed consumers to generate large volume of digital data and content which is expected to propel the market growth during this forecast period. Furthermore, increase in demand for solid state drive due various advantages including high reliability, and performance efficiency will fuel the market growth.
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However, high cost and smaller life time of solid state drives are the challenging factors which are expected to hamper the global solid state drive market growth.
Market Key Players
Various key players are discussed in this report such as Samsung Group, Intel Corporation, A3CUBE Inc, Micron Technology, Inc, Nimbus Data Systems, Inc, Maxta Inc, Pure Storage, Inc., Whiptail, Violin Memory Inc, Skyera Inc, and SanDisk Corporation.
- Under 120GB
By End User
- Small and Medium Enterprises
- Large Enterprises
- North America
- Latin America
- Asia pacific
- Middle East & Africa
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