Solid State Drive (SSD) Market - Expected to Reach $60.2 Billion by 2023 - Research and Markets

The "Solid State Drive (SSD) Market by Form Factor (2.5, 3.5, M.2, U.2/SFF 8639, FHHL/HHHL), Interface (SATA, SAS, PCIe), Technology (SLC, MLC, TLC), End-user (Enterprise, Client, Industrial, Automotive), and Geography - Global Forecast to 2023" report has been added to Research and Markets' offering.

The solid state drive market has entered its growth phase and is expected to grow further in the coming years. The market for solid state drive is likely to be valued at 26.47 billion in 2017 and USD 60.22 billion by 2023, at a CAGR of 14.68% between 2017 and 2023. The drivers for this market are the increasing penetration of high-end cloud computing, growing adoption of SSDs in data centers, and advantages of SSDs over HDDs. The main restraints for this market are inconsistency in low-rate latency offered by SSDs and the high cost of SSDs.

The market for PCIe interface SSD is expected to grow at the highest CAGR during the forecast period. This is owing to the advantages offered by PCIe such as high speed, enhanced performance scaling, and detailed error detection and reporting over other interfaces. The demand for PCIe interface is growing rapidly in the solid state drive market because of its advanced features such as low latency and high performance.

2.5" SSD comes at a low cost per IO than all other form factors. 2.5'' form factor supports all types of interfaces including SATA, SAS, and PCIe. 2.5" SSD is an effective form factor considering all its features such as ruggedness, scalability, serviceability, and others and is expected to be adopted on a large scale during the forecast period.

Companies Mentioned

• Adata
• Bitmicro Networks
• Intel
• Kingston
• Lite-On
• Micron
• Microsemi
• SK Hynix
• Samsung
• Seagate
• Toshiba
• Viking
• Western Digital

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Solid State Drive Market, By Form Factor

8 Solid State Drive Market, By Interface

9 Solid State Drive Market, By Technology

10 Solid State Drive Market, By End-User

11 Geographic Analysis

12 Competitive Landscape

13 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/xjvn6g/solid_state_drive

View source version on businesswire.com: http://www.businesswire.com/news/home/20171214005590/en/