Global Solid State Drive Market: Things to Focus on to Ensure Long-term Success 2020-2026

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Global Solid State Drive Market High-growth
Regions to Expand Geographic Footprint 2020- 2026
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Industry Overview

• Accordingly, to Global Market Insights research
  report global Solid State Drive Market is
  estimated to register lucrative revenue growth
  given to the products high performance features
  compared to conventional HDDs. Solid state drives
  have come up as an effective alternative to
  conventional mechanical hard disks. The product
  has fast throughput rates and low read-access
  times, enabling it to drastically speed up
  overall computers performance.
• Driven by better efficiency and high performance
  characteristics, the demand for SSDs has
  skyrocketed over the years, especially to drive
  applications like big data analytics, smart
  devices, high graphic games and cloud computing.
  suggests that the Solid State Drive market size
  could surpass USD 125 billion by the year 2026.
• Solid State Drive market are observing a huge
  spike in adoption across data center facilities
  on account of numerous storage expansion
  activities. They help provide superior
  performance, efficiency, and reliability,
  enhancing data center operations. The
  introduction of 5G technology across countries
  like the US could fuel the demand for efficient
  data storage equipment.

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• Numerous SMEs and large organizations are
  gradually inclining towards SSDs owing to its
  remarkable benefits like reduction in sprawl,
  small environmental footprint, and low power
  consumption. Solid State Drive market are
  witnessing heavy demand from client applications
  as these devices help improve user experience
  with enhanced boot time, application load, and
  copying files.
• In terms of storage, the Solid State Drive market
  is categorized into above 2 TB, 1T B - 2 TB, 500
  GB - 1 TB, and under 500 GB. The above 2 TB SSD
  storage devices market is projected to record a
  CAGR of almost 25, registering over 30 million
  unit shipments within 2026. Increasing
  development of connected and smart appliances
  along with rapid expansion of smart city
  infrastructure could boost the adoption of
  high-quality SSDs to process and store Big Data.
  Moreover, surging adoption of the Internet of
  Things (IoT) across practically every sector
  might further support industry growth.
• Meanwhile, rapid development across the gaming
  sector coupled with increasing adoption of high
  encrypted graphics to create realistic games
  could play a crucial role in expanding the
  storage capacities of gaming laptops and
  consoles. Electronic manufacturers have begun
  developing SSDs that offer high and improved
  storage options especially for gaming. For
  example, in June 2019, Western Digital released
  SN750 NVMe SSD based on the M.2 form factor for
  PC games.

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Growth Drivers

• Rising adoption of SSD in data centers
• Emerging application of SSD in automotive sector
• Increasing penetration for high end cloud
  computing
• Declining cost of SSD will gain advantage over
  HDD
• Rising initiative for deployment of 5G technology
  in developing nations
• Increasing demand from consumer electronics
  products

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• Prominent industry players, ADATA Technology Co.
  Ltd, Bitmicro networks Inc, Intel Corporation,
  Kinston Technology, KIOXIA America, Inc (Toshiba
  Corporation), Micron, Microsemi, Mushkin Enhanced
  MFG, Netapp, Samsung, Seagate Technology LLC, SK
  Hynix Inc., Viking Technology, Western Digital

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