Global Solid State Drive (SSD) Market 2015-2019
About solid state drives
A solid state drive is a solid state disk or an electronic disk that is used for data storage. It is made of semiconductors and uses the same input/output interface design as HDDs and stores data in solid state memory. These devices use DRAM or NAND-based flash memory to store data. The lack of moving parts reduce the risk of mechanical failures of SSDs allowing data transfer at higher speeds. In addition, they are suited for harsh environments and extreme shock and consume less power, thus increasing consistency.
Flash-based SSDs do not require batteries as they use non-volatile flash memory and can retain memory during power failures. This type of SSDs are slower and less expensive. DRAM-based SSDs need an external adapter or power source and use volatile memory. They have high speed and are more expensive. Solid-state storage is available in three form factors: solid-state drives (SSD), solid-state cards (SSC), and solid-state modules (SSM).
Technavio's analysts forecast the global SSD market to grow at a CAGR of 9.69% by revenue over the period 2014-2019.
Covered in this report
The report covers the present scenario and the growth prospects of the global SSD market for 2015-2019. The market has been segmented and sub-segmented on the following basis:
Technavio Announces the Publication of its Research Report – Global SSD Market 2015-2019
Technavio recognizes the following companies as the key players in the Global SSD Market: Intel Micron, Samsung, Sandisk, and Toshiba.
Other Prominent Vendors in the market are: A3cube, ADATA, Apacer, Cactus Technologies, HGST, IBM, Kingston Technology, LSI, Maxta, Memblaze, Nimbus Data Systems, and OCZ
Commenting on the report, an analyst from Technavio’s team said: “The arrival of 3D NAND has turned out to be a game-changer for the data storage industry. NAND flash device architectures are one-dimensional, therefore they can store more data by increasing density, thus enabling an increase in SSD capacity.”
According to the report, the demand for SSDs is anticipated to grow substantially in 2015 and 2016 on account of technological upgrades resulting in a fall in the per GB storage price.
Further, the report states, the lack of constant low latency poses a major challenge for the market.
Intel Micron, Samsung, Sandisk,Toshiba, A3cube, ADATA, Apacer, Cactus Technologies, HGST, IBM, Kingston Technology, LSI, Maxta, Memblaze, Nimbus Data Systems, OCZ
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