Global Client Solid-State Drive (SSD) Market to grow at a CAGR of 36.14% during the period 2017-2021

Albany, New York, 26 May, 2017: An SSD is a solid-state disk or an electronic disk that is used for data storage and is built out of semiconductors. It uses the same I/O interface design as HDDs and stores data in solid state memory. They are made of silicon microchips and stores data electronically. These devices use dynamic random-access memory (DRAM) or negative-AND (NAND)-based flash memory to store data. The lack of moving parts reduces the risk of mechanical failures of SSDs allowing data transfer at higher speeds. In addition, they are suited for harsh environments, extreme shock, high altitude, and consume less power.

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This market research study identifies Samsung, Kingston, Lite-On, and Toshiba as the leading players in the global client solid-state drive (SSD) market. A comprehensive analysis of this market is also presented by the end-user (laptops and PCs), by product (MLC NAND, TLC NAND, and 3D NAND), and by geography (the Americas, APAC, and EMEA).

According to Market Research Hub’s market research report, the “global client solid state drive market” will grow rapidly during the next four years and in terms of units, will post an impressive CAGR of more than 36% by 2021. The enhanced performance and durability of SSDs will drive the growth prospects for the client solid-state drive market during the projected period. The market is witnessing a huge shift from HDDs towards SSDs because HDDs are more susceptible to damage, hold up a high-traffic environment, require loads of extra RAM to work normally, and physically scans the disk for reads/writes. SSDs reaches memory addresses much faster, contains no physical tracks or sectors, exhibits better performance with high I/O environments, offers instant access, faster file transfers, quicker boot ups, and an overall faster computing experience, which in turn, will result in the increased sales volume of SSDs.

The client SSD market in APAC accounted for the majority market share during 2016 and the region will continue its dominance in the forthcoming years as well. The market’s growth in this region is mainly attributed to the presence of major vendors in countries such as South Korea and Japan and the rise in indigenous manufacturing in the region. Countries such as Taiwan, China, and India will be the major contributors to the growth of the client SSD market in APAC.

Market Research Hub analysts forecast the global client solid-state drive (SSD) market to grow at a CAGR of 36.14% during the period 2017-2021.

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Covered in this report
The report covers the present scenario and the growth prospects of the global Client Solid-State Drive (SSD) market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of client SSDs.

The market is divided into the following segments based on geography:

Market Research Hub ‘s report, Global Client Solid-State Drive (SSD) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Other prominent vendors
Cactus Technologies
Nimbus Data Systems
Pure Storage
SK Hynix
Violin Memory
Market driver
Enhanced performance and durability
For a full, detailed list, view our report

Market challenge
Poor latency and endurance
For a full, detailed list, view our report

Market trend
Falling prices of SSDs
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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