Overview:

Solid-State Drives or SSD is a high-performance storage device which contains no moving parts inside of it. The components of a SSD includes a memory bus board, CPU unit, own battery card and DRAM or EEPROM memory boards. Solid-State drives are faster in performing activities such as retrieval of data or data uploading due to their own CPUs which helps to manage their data more efficiently. As the demand for high capacity fast data storage products are increasing, solid-state drives help their customer to gain satisfactory result. SSDs have proven to be most effective in the server applications and server systems where I/O response time is very crucial. Growing the size of digital content around the world and increasing number of internet is leading to heavy demand for the solid-state drives from both commercial and residential users. A majority of the demand for the solid-state drives are generated by commercial sector which includes data centres, technology companies and others.

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The market of solid-state drives is still in the development phase due to the high prices of the SSDs with comparison with the traditional rotating hard disks. With the increasing load of the digital content, rotating hard disks are becoming inefficient in several ways and also creating uncertainty of data losses as high performance does not provide reliability which is not the case with solid-state drives. Due to the non-moving components, solid-state drives offers more reliability and flexibility in terms of the portability and data safety

Segmentation:

Segmentation by Type SLL (Single Level Cell), MLL (Multi Level Cell) and TLL (Triple Level Cell)

Segmentation by Storage Interface SATA, SAS and PCIe.

Segmentation by Storage Capacity Less than 250 GB, 251GB to 500GB, 501GB to 1 TB and more than 1 TB.

Segmentation by Application PCs, laptops, data centers among others.

Regional Analysis:

North America is expected to dominate the market of solid-state drives (SSD) market due to the high demand for the personal computers, laptops and data centers. The key manufacturers of the SSD are targeting U.S. and Canada market as these market holds immense opportunities for the technological products. Also, U.S. is one of the technologically advanced countries and generates huge digital data on the daily basis. To store these huge amount of digital data, companies are continuously working on the development of data centers which in turn create demand for the high capacity data storage products. Asia-Pacific on the other hand has emerged as fastest growing market for the SSD. Presence of the key players such as Toshiba and Samsung are helping the Asian SSD market to grow. Also, increasing awareness about the benefits of SSD is also creating positive impact on the market. Europe stands as second largest market for SSD and expected to show positive growth rate during the forecast period.

Key Players:

Key players in the SSD market include companies such as Intel Corporation, Kingston Technologies, Micron Technology.Inc, and Samsung Electronics Co.Ltd. Samsung Electronics recently launched a new product PM1643 with 30TB capacity which can be used in the next-generation enterprise storage systems.

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