Global Serial Attached Storage (SAS) Solid-state Drive (SSD) Market 2017-2021
About SAS and SSD
An SSD is a solid-state disk or an electronic disk that is used for data storage and is built using semiconductors. It has a same input/output interface design as hard disk drives (HDDs) and stores data in solid state memory. SSDs are made of silicon microchips and store data electronically. These devices use dynamic random access memory (DRAM) or NAND-based flash memory to store data. The lack of moving parts reduces the risk of mechanical failures of SSDs, enabling data transfer at higher speeds. In addition, they are suited for harsh environments, extreme shock, high altitude, and consume less power, thus increasing consistency.
Technavio’s analysts forecast the global SAS and SSD market to grow at a CAGR of 4.14% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global SAS and SSD market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global SAS and SSD Market 2017-2021
Technavio recognizes the following companies as the key players in the global SAS and SSD market: Kingston Technology, Micron, Samsung, Toshiba, and Western Digital.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is emergence of 3D NAND. The arrival of 3D NAND has revolutionized the storage industry. NAND flash device architectures are one-dimensional, because of which they can store more data by increasing density, thus leading to the increase in SAS SSD capacity. 3D NAND technology has several advantages such as it consumes less power.”
According to the report, one driver in market is growing enterprise storage market. Growing internet penetration worldwide for both professional and personnel uses has led to the growth of digital data. This has increased the demand for efficient storage infrastructure to store and process data. There are several innovations being carried out by the vendors in the storage market that have brought storage infrastructure offerings that match the growing requirement for different types of enterprises across several business verticals such as the banking, financial service, and insurance (BFSI); healthcare; manufacturing; and retail. By 2020, it is expected that at least 35 Exabyte of data will be generated by the devices connected to the internet, out of which 85% will be unstructured. These generated data include both B2B and B2C that are stored and processed by enterprises worldwide in their on-premise server room or off-campus data center.
Further, the report states that one challenges in market is growing popularity of in-memory computing devices. In-memory computing is defined as a database management technology, which stores data in the RAM of servers rather than in traditional disk storage, as it is estimated to be 3,000 times faster than rotating disks. This performs faster database management as most of the data that undergoes processing is already present in the computer's main memory, allowing faster access. In-memory computing helps business customers to detect and analyze the massive volume of data in order to perform their business operations quickly across several industry verticals. One of the main benefits of in-memory applications is that it can easily integrate with not only structured query language (NoSQL) in order to reduce the cost per gigabyte of data.
Kingston Technology, Micron, Samsung, Toshiba, and Western Digital.