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According to the report title “Global Solid-State Drive (SSD) Market Outlook, 2027”, published by Actual Market Research, the Solid-State Drive is expected to reach more than $40 Billion in the year 2021. It is expected to expand at a compound annual growth rate (CAGR) of 17% from 2022 to 2027. The data storage industry is expected to witness an increase in its consumption over the next couple of years. In order to fulfill this massive need, the two leading storage solutions, namely hard disk drives and solid-state drives, have emerged as the ones to use.
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Unlike traditional storage mediums, a Solid-state drive (SSD) is a new generation of storage device used in computers. SSDs simply use flash-based memory, which is far faster than a mechanical hard disk. Traditionally, data was stored primarily on mechanical hard drives and these hard disk drives (HDDs) are mostly based on moving parts, like a read/write head that goes back and forth to gather data. The new SSD work completely differently. They use a memory chip called NAND flash, which has no moving parts and near-instant access times. Rather than a magnetic platter, files are saved on a grid of NAND flash cells and each grid which is also called a block can store between 256 KB and 4MB. In SSD data is stored in integrated circuits. Which is different from HDDs and it also has a lot of implications, especially in size and performance. Without the need for a spinning disk, SSDs can reduce to the shape and size of a stick of gum (known as the M.2 form factor) or even as small as a postage stamp. It has a capacity that how much data they can hold and makes them flexible for smaller devices, such as slim laptops, convertibles, or 2 in 1s. SSDs dramatically reduce access time since users don’t have to wait for magnetic platter rotation to start. Initially, In terms of cost, SSDs are more expensive than HDDs per amount of storage (in gigabytes and terabytes), but the gap is closing as SSD prices decline at a faster pace than HDD prices year over year.
Impact of Covid-19 on Solid-State Drive Market:
In 2020, a sudden outbreak of the COVID-19 pandemic has disrupted the supply chain globally. In the same year, the growth of the market reported was decreasing due to the imposition of lockdown in almost all the major countries and halted manufacturing activities resulting in delayed production.
Major Companies present in the market: Samsung Electronics Co. Limited, Kingston Technology Corporation, Western Digital Corporation, Seagate Technology Holdings Public Limited, Intel Corporation, Adata Technology Co. Ltd, Kioxia Holdings Corporation, Micron Technology, Inc., SK Hynix Inc., Transcend Information Inc.
ASPECTS COVERED IN THE REPORT
• Global Solid-State Drive market with its value and forecast along with its segments
• Region & country wise market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
Middle East & Africa
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1. What is the market size and forecast of Global Solid States Drives Market?
Our research and insights help our clients to foresee upcoming market size and forecast.
2. What are the inhibiting factors and impact of COVID-19 shaping Global Solid States Drives Market during the forecast period?
Our research and analysis help our clients to see how COVID-19 has impacted the industry. This allows our clients to invest or divest their resources.
3. Which region outstands in the Global Solid States Drives Market?
Our research helps our clients to see which the dominating region in the market is, with supporting trends and developments.
4. Which are the segments to invest in over the forecast period in the Global Solid States Drives Market?
Our research report allows the company/ investor to identify the most promising product segment, which is to have more potential in the coming years.
5. What is the competitive strategic window for opportunities in Global Solid States Drives Market?
Through an intensive primary study, we have identified the trends and development that can be expected in the forecasted period, along with the change in the preference of the consumers.
6. What are the technology trends and regulatory frameworks in Global Solid States Drives Market?
Our research report covers, the laws, rules and regulations and other mandatory legal procedures the marketers needs to abide by.
7. What are the major companies in the Global Solid States Drives Market?
Our market research report covers the detailed profiling of the leading companies in the industry, and also a brief discussion about the smaller emerging brands.
Table of Contents Covered In This Global Solid States Drives Market Report:
Table of Contents
2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definition
4. Economic /Demographic Snapshot
5. Global Solid-State Drive Market Outlook
5.1. Market Size by Value
5.2. Market Share
5.2.1. By Region
5.2.2. By Country
5.2.3. By Company
5.2.4. By Interface
5.2.5. By End User
5.2.6. By Storage Size
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