“The demand for solid state drive (SSD) is expected to reach more than USD 75 billion by 2030”, says Visiongain

01 November 2019

Solid State Drive (SSD) Market Report 2020-2030: Forecasts by Technology (TLC 3D, TLC Planar, MLC 3D, MLC Planar, Others), By Interface (SATA, SAS, PCIE), By Application (Enterprise, Automotive, Client, Industrial, Others), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) and profiling of leading international and domestic companies.

In 2019, the demand for solid state drive (SSD) was estimated at USD 32 billion, and a CAGR of 16 percent is expected to reach more than USD 75 billion by 2030. Large companies ' technological advances in current SSD, including facilities such as 1 GB / s sequential read rate, constant high-speed shooting at 960 frames per second, is fueling market growth.

With the splurge of big data generated by IoT devices and business applications, the value of better processing has become paramount, contributing to the production of mega-sized SSDs and expanded work on how to produce smaller SSDs at a lower cost.

In contrast, high-capacity SSDs are usually used in cloud systems, such as enabling traffic data distribution, such as media streaming and recording, as well as active archiving applications where highly sensitive material is not overwritten. This has strengthened the company SSDs to strike a balance between efficiency and ability.

Through integrating smart devices and wireless technologies, the in-vehicle-infotainment (IVI) system is capable of playing music and videos and discovering the fastest route through processing real-time traffic statistics, both of which entail accuracy in the system's software executing storage device capacity. SSDs are the best solutions for the execution of big data in this respect. The mechanical-free structure of SSD has made it more reliable than HDD in strict environments, such as low air pressure or high humidity atmosphere.

Upgrades in NAND memory technology has allowed producers of enterprise SSD to use lower-endurance NAND flash solutions such as multi-level cell (MLC), triple-level cell (TLC), 2D NAND, and 3D NAND. The benefits of NAND flash's reduced-endurance variants include lower cost and higher capacity that has fueled market growth.

In fact, the center of the growth in business information is disk memory. Flash is becoming rapidly important to enabling both processing providers and data center operators to withstand an IT environment that is being reshaped by the workload of the next decade.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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