Solid State Drives Market to see 9.5% CAGR to 2022 Propelled by Increasing Data Centers

Mar 08, 2016, 07:30 ET from ReportsnReports

PUNE, India, March 8, 2016 /PRNewswire/ --

The solid state drives market growth to 2022 is driven by proliferation of cloud computing, advantages of SSDs over HDDs, increase in the number of data centers, and rising big data applications.

Complete report on global solid state drives market spread across 143 pages, profiling 10 companies and supported with 69 tables and 63 figures is now available at http://www.reportsnreports.com/reports/503680-solid-state-drives-market-by-capacity-interface-sata-sas-pcie-end-user-enterprise-client-application-data-centers-desktop-pcs-notebooks-tablets-entertainment-devices-video-storage-and-region-global-trend-and-forecast-to-2022.html   

The SSDs market for data centers is expected to grow at the highest CAGR during the forecast period. Rise in big data, cloud computing, and internet of things (IoT) is expected to increase the adoption of solid state drives in data centers for high performance storage.

The SSDs market in APAC is expected to grow at the highest CAGR between 2016 and 2022. This growth can be attributed to the development in the consumer electronics market and increasing adoption of SSDs in electronic devices. In addition, China's semiconductor giants such as Huawei Technologies Co. Ltd. and the Tsinghua Uni Group, and Taiwanese companies such as Mediatek, Inc. focus on the development of SSD controllers, which further increases the demand for SSDs in this region.

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain and verify critical qualitative and quantitative information as well as assess future market prospects. In Tier 1 (50%), Tier 2 (20%) and Tier 3 (30%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (40%) and Director Level (35%) and manager Level (25%) from various key organizations operating in the solid state drives market. The primary interviews were conducted worldwide covering regions such as North America (10%), Europe (20%), APAC (40%) and Row (30%).

The key players in the SSDs market include Hitachi Global Storage Technology (HGST), Inc. (U.S.), Intel Corp. (U.S.), Kingston Technology Corp. (U.S.)., Lite-On Technology Corp. (Taiwan), Micron Technology, Inc. (U.S.), Microsemi Corp. (U.S.), SanDisk Corp. (U.S.), Samsung Electronics (South Korea), Seagate Technology plc (Ireland.),and Toshiba Corp. (Japan). Order a copy of Solid State Drives Market by Capacity, Interface (SATA, SAS, PCIe), End User (Enterprise, Client), Application (Data Centers, Desktop PCs, Notebooks/Tablets, Entertainment Devices, Video Storage), and Region - Global Trend and Forecast to 2022 research report at http://www.reportsnreports.com/purchase.aspx?name=503680  

This report includes the market statistics pertaining to capacity, interface, end user, application, and region.  The Porter's five forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the solid state drives market. Major drivers, restraints, opportunities, and challenges for the solid state drives market have been detailed in this report. The report also provides illustrative segmentation, analysis, and forecast for markets based on capacity; interface, end user, application, and region have been conducted to give an overall view of the solid state drives market.

On a related note, another research study on Solid State Battery Market Global Forecast to 2020 says, the need for advanced batteries in next-generation electrical devices would drive the sold state battery market. Portable devices are to gain maximum growth during the forecast period. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities. Companies like Cymbet Corporation, Infinite Power Solutions, Inc., Robert Bosch GmbH, Toyota Motor Corporation, Planar Energy Devices, Inc., Sakti3 Inc., Excellatron Solid State, LLC, Solid Power, Inc., BrightVolt, Inc. and STMicroelectronics N.V have been profiled in this 174 pages research report at http://www.reportsnreports.com/reports/449056-solid-state-battery-market-by-type-thin-film-portable-battery-capacity-application-consumer-electronics-electric-vehicles-medical-devices-packaging-rfid-smart-card-wearable-devices-wireless-devices-and-region-global-forecast-to-2020.html   

Explore more reports on the IT & Telecommunication market at http://www.reportsnreports.com/market-research/information-technology/   

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