Global Solid State Drive Market Size, Share, Trends, Growth, Report and Forecast 2024-2030

Market Insights Analysis: The Global Solid State Drive Market (2024-30):

MarkNtel Advisors has published a research report on the Global Solid State Drive Market for the forecast years, 2024-28. This research is a dependable reference for assessing historical and future data, developmental trends, and prevailing industry catalysts. Recognizing the growing demand for market research across various sectors, a comprehensive study has been formulated addressing diverse topics. Through qualitative and quantitative data, this report effectively covers key alterations, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges.

Global Solid State Drive Market Overview:

According to the latest report from MarkNtel Advisors, The Global Solid State Drive Market size is valued at USD 56.98 billion in 2024 and is projected to grow at a CAGR of around 14.9% during the forecast period, i.e., 2024-30. This comprehensive analysis contains key insights into market trends, size, projections, growth catalysts, challenges, and competitor assessments.

The report offers an in-depth evaluation of the Global Solid State Drive Market, presenting the latest developments and providing an overview of the current market scenario. With markets gradually recovering from the impact of the pandemic, there is a notable stabilization or even an increase in disposable income in developing nations, driving the market's momentum.

Key Trends in the Global Solid State Drive Market

In April 2021, Samsung launched its high-performing SSD, PM1653, which supports Serial Attached SCSI (SAS). It is the industry’s first 24G SAS SSD made with sixth-generation V-NAND chips. Its storage capacity ranges from 800 gigabytes to 30.72 terabytes and is designed for enterprise data center workloads.

In 2021, KIOXIA Europe GmbH launched a line-up of Enterprise and Data Center Standard Form Factor (EDSFF) E3.S SSDs designed with PCIe 5.0 technology. It is expected to bring a new era to flash memory used in servers for storage purposes. It poses up to 6,450 MB/s read throughput and 1,050K random read IOPS.

In 2019, Inspur, in collaboration with Intel, launched its midrange all-flash storage, AS5000G5-F series, which can provide up to 8 million IOPS and 0.1ms latency. It makes it one of the industry's highest-performance midrange storage platforms. It delivers enhanced performance and all-flash medium service efficiency using advanced technologies like InTier intelligent layering, real-time compression/re-delete, space recovery, and intelligent medium life detection.

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Global Solid State Drive Market Segmentation Analysis:

This thorough analysis of the Global Solid State Drive Market facilitates the identification of significant market factors. The report delves into key market segments and the regional analysis outlined within this research, which will significantly aid industry players in refining their consumer targeting, strategic positioning, and overall business expansion efforts. The Market exhibits a high degree of fragmentation, categorizing into distinct segments as follows:

By Type

-External

-Internal

By Interface

-Serial Advanced Technology Attachment (SATA)

-Serial-Attached SCSI (SAS)

-Peripheral Component Interconnect Express (PCI-E)

By Application

-Database

-SQL

-No-SQL

-Virtualization

-Desktops

-Servers

-High Performance Capacity

-Up SSD

-Out SSD

-Cloud

-Fixed

-Varied

By Storage Capacity

-Under 120 GB

-121GB-320GB

-321GB-500GB

-501GB-1TB

-1.1TB-2TB

-Above 2TB

By Technology

-Triple-Level Cell Flash (TLC) 3D

-Triple-Level Cell Flash (TLC) Planar

-Multi-Level Cell (MLC) 3D

-Multi-Level Cell (MLC) Planar

-Single-Level Cell (SLC)

By Form Factor

-1.8”/2.5”

-3.5”

-M.2

-U.2 (SFF 8639)

-FHHL and HHHL

By End User

-Enterprise

-Server Attached

-Storage Attached

-Client

-Desktop PC

-Notebook

-Tablet

-Others

-Industrial

-Automotive

By Region

-North America

-South America

-Europe

-Middle East Africa

-Asia-Pacific.

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Analysis of Global Solid State Drive Market Share:

The competitive landscape of the Global Solid State Drive Market is dissected through a thorough competitor analysis. This includes detailed insights into each company's profile, financial performance, market share, potential, Research and Development (RD) investments, recent market initiatives, reach, strengths and weaknesses, as well as product/service launches and dominance. The information outlined above offers a comprehensive overview of the prominent market players, including,

Samsung Electronics Co., Ltd., Intel Corporation, Western Digital Corporation, Micron Technology, Inc., Toshiba Corporation, Seagate Technology PLC, Microsemi Corporation, SK Hynix, Kingston Technology Corporation, BiTMICRO Networks, Inc.

Frequently Asked Questions (FAQs)

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About Us

MarkNtel Advisors is a leading market research company, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.

Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.