Global Solid State Drive Market - Growth, Trend and Forecasts (2018 - 2023)
|発行||Mordor Intelligence LLP||商品コード||669961|
|出版日||ページ情報||英文 107 Pages
|世界のソリッドステートドライブ市場：成長、動向、予測（2018年〜2023年） Global Solid State Drive Market - Growth, Trend and Forecasts (2018 - 2023)|
|出版日: 2018年07月07日||ページ情報: 英文 107 Pages||
The Solid State Drive Market was valued at USD 26.4 billion in 2017 and is expected to grow at a CAGR of 15.1% during the forecast period (2018 - 2023), to reach USD 60.7 billion by 2023. Solid State Drive have applications in commercial and industrial data centers. Also, these drives are used in PCs, tablets, notebooks, and mobile phones. The scope of our study is geographically limited to North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Enterprise applications demand high-performance storage, high throughput, power efficiency, and high dependability, and SSDs (solid state devices) meet all these requirements. Small scale SSD's are being adopted in laptops, personal computers, and to some extent in tablets, mobile phones. SSDs are also a viable option for data centers as they offer high speed, hierarchical storage and mass volume owing to their non-volatile memory technology as they also provide high-speed bus interface enabling high data-transfer speed in enterprise systems. A growing adoption of high-end cloud computing and penetration of SSDs in data centers is expected to drive the solid state drive market. However, the cost of these drives compared to HDDs can act as a challenge for the market.
The growth in data generated by enterprise coupled with the growing adoption of cloud technology is expected to drive the market. It is projected that by 2022, more than 72% of the global organizations will migrate to cloud from on-premise data centers, cementing the rise of cloud storage. In addition, cloud acts as a catalyst for IT transformation, providing the flexibility to combine the cloud and existing on-premise infrastructure in the ratio best suited for the workload, driving the demand for SSDs in cloud computing. Also, increasing digitization globally is expected to contribute value to different end-user industries such as BFSI, IT services which is rising need for mega data centers worldwide.
The market in the region is driven by growing adoption of cloud computing in the enterprises and the growth in the data generated and data centres in the region. The region is poised to witness the fastest growth rate owing to developments in India and China. Over the last two years, the public cloud services market in India has seen phenomenal growth, reaching USD 1.8 billion in 2017, and this figure is expected to reach USD 4.1 billion by 2020. The growing demand for high-density, redundant facilities throughout China is precipitating a shift in the design and development of the country's data centers. China has 50 internet users per 100 population indicating scope for lot of development and the connectivity ecosystem is made up of 73 colocation data centres, 52 cloud service providers.
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
List is not exhaustive