Global Solid State Drives Market is Expected to Grow at A CAGR of 9.5% between 2015 and 2020

Date: 2016-03-04

“Increase in number of data centers is expected to boost the demand for Solid state drives” 
The solid state drives market is expected to grow at a CAGR of 9.5% between 2015 and 2020. The factors contributing to the growth of the solid state drives market include proliferation of cloud computing, advantages of SSDs over HDDs, increase in the number of data centers, and rising big data applications.

“The solid state drives market for data centers is expected to grow at the highest CAGR during the forecast period“
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. 

“APAC is the fastest-growing market for solid state drives” 
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. 

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). 

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