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Posted by dinar on August 15, 2024 at 6:11pm 0 Comments 0 Likes
Market Analysis: Global Solid State Drive Market
Solid state drive market is expected to rise to an estimated value of USD 78.77 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the high levels of penetration achieved by cloud-based computing and its requirement of high-performing storage systems.
Market Definition: Global Solid State Drive Market
Solid-state drive (SSD) is a type of storage device comprising of solid-state architecture for its storage system. It consists of flash controller and flash memory chips that help in storing persistent data based on solid-state flash memory. This technological integration provides these drives with better performance, helping users achieve higher speed while reading or writing the data. They do not have any parts in their structure that move or spin unlike traditional storage systems like hard disk drive (HDD).
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Market Drivers:
Market Restraints:
Segmentation: Global Solid State Drive Market
By Form Factor
By Interface
By Storage Capacity
By Technology
By End-User
By Geography
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Key Developments in the Market:
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Competitive Analysis
Global solid state drive market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of solid-state drive market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Major Market Competitors/Players
Few of the major competitors currently working in the global solid state drive market are SAMSUNG; Intel Corporation; Western Digital Corporation; Micron Technology, Inc.; Toshiba Memory Corporation; Seagate Technology LLC; LITE-ON Technology Corporation; SK hynix INC.; Kingston Technology Europe Co LLP und Kingston Digital Europe Co LLP,; Best IT World (India) Pvt. Ltd.; Viking Technology; ADATA Technology Co., Ltd.; BiTMICRO Networks, Inc.; Foremay, Inc.; Crossbar; Broadcom; Nimbus Data and Transcend Information, Inc. among others.
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