Solid State Drives Market | Top Impacting Factors That Could Escalate Market’s Rapid Growth
The increasing demand for automotive infotainment systems and next-generation connected cars is expected to boost the growth of the solid-state drives market.
PORTLAND, PORTLAND, OR, UNITED STATES, March 20, 2022 /EINPresswire.com/ — Solid-state drives (SSD) are data storage devices used to store virtual data through integrated circuits, unlike conventional input and output blocks. A plethora of advantages, such as phenomenal speed, compact design, and low power consumption have widened the scope of applications for solid-state drives in handheld devices such as laptops, smartphones etc.
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Furthermore, the attribute of low heat generation increases the lifespan of the servers used in enterprise solutions such as big data. Despite the many benefits of the solid-state drive, it sometimes consumes more power than the ideal power provided by the system to the hard drive. Furthermore, the high up-gradation cost of solid-state drives and the unavailability of large-sized SSD models are hindering solid-state drives market growth.
The leading manufacturers of solid-state drives are Fusion-io, IBM, HGST, OCZ, SanDisk, Violin Memory, Seagate, Cisco, A3CUBE and PLX Technology. The global solid state drives market is broadly classified into application, end-users and geography. SSD application market comprises of Enterprise Storage, Networking, Server Mobile, Client Storage, Client Computing and Others.
Client computing and storage are expected to be the highest revenue-generating market due to the high demand for large data storage. The global SSD end-users market is segmented into Graphics and consumers, Networking organizations and Business Enterprises. Geographically, the market is segmented into North America, Europe, Asia-Pacific and LAMEA.
KEY BENEFITS:
• Market projections are made for the next eight years by considering 2013 as the base year.
• Porter’s Five Forces and SWOT analysis would illustrate the potency of buyers and suppliers in the market and thereby help in making strategic decisions.
• Analysis of key market players and strategies adopted by them would provide deep-dive intelligence on the top contenders in the market.
• Identification of key investment pockets in the solid-state drives market would aid stakeholders in their decision-making.
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