Global Solid State Drive Market Forecast: Revenue Trends and Growth Projections for period from 2024 to 2030.

Market Insights and Analysis: Global Solid State Drive Market Overview and Projections (2024-2030)

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.

Top leading companies in the Global Solid State Drive Market includes:

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.

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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Report Segmentation:

The market is categorized into the following segments in the report:

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.

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Global Solid State Drive Market Geographic Reach:

The Geographic Reach of the Global Solid State Drive Market evaluates the spread and significance of Global Solid State Drive market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.

·         North America: USA, Canada, Mexico

·         Europe:  Germany, UK, France

·         Asia-Pacific: China, India, Taiwan

·         South America: Brazil

·         Middle East & Africa: Saudi Arabia, South Africa.

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