During the forecast period of 2022–2030, the global solid-state drive (SSD) market is expected to expand at a CAGR of 15.0%.
A nonvolatile media and information storage device known as a solid-state drive (SSD), also known as a solid-state disk, stores data on solid-state flash memory. To store data and keep it secure, it uses integrated circuits as a memory. SSDs, in contrast to HDDs, do not need any regular motions to ensure that the data is being written to or saved on the storage device.

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GROWTH DRIVERS:
The increasing adoption and demand of SSDs in data centers, the benefits of SSDs over HDDs, the escalating number of continuous advancements in SSD technologies to enhance performance and capabilities, the increasing number of investments in R&D activities by major players, and the growing penetration of high-end cloud computing among several enterprises and consumers are the main factors driving the growth of the global SSD market.
The inclination and demand for cloud computing has significantly increased over the last few years among businesses and consumers for the purpose of backing up and storing their data. The need for SSDs has been growing along with the expansion of cloud computing platforms. In recent years, solid-state storage has also seen significant technological advancements. One of these has been SSDs with new interfaces like PCIe, NVMe, and others. A growing number of people are using PCIe SSDs because of their improved capabilities. As a result of their superior performance, low latency, high frequency, and improved features, they are more widely used in cloud computing, which fuels the expansion of the global solid-state drive (SSD) market.
Ample growth opportunities for the global solid-state drive market are also anticipated to be provided by the combination of 3D NAND technology and TLC, which helps customers with their data storage needs, rising production capacities of leasing players, escalating efforts to deploy 5G technology in developing countries, rising demand for consumer electronics products, soaring Internet penetration, and the expanding e-commerce market.
SOLID STATE DRIVE (SSD) MARKET SEGMENTATION:
By End User:
· Client SSDs
· Enterprise SSDs

By Technology:
· TLC Planar
· TLC 3D
· SLC
· MLC 3D
· MLC Planar


By Interface:
· SAS
· PCIe
· SATA

By Capacity:
· 80 GB and Below
· 81 GB to 230 GB
· 231 GB to 500 GB
· 501 GB to 1 TB
· 1 TB and Above


By Form Factor:
· 1.8”/2.5”
· 3.5”
· M.2
· U.2 (SFF 8639)
· FHHL and HHHL

By Application:
· Database
o SQL
o No-SQL
· Virtualization
o Desktops
o Servers
· High-Performance Computing
o Up SSD
o Out SSD
· Cloud
o Fixed
o Varied
· Others

By Region:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East and Africa

KEY COMPANIES IN SOLID STATE DRIVE (SSD) MARKET:
· Toshiba Corporation
· SanDisk Corporation Inc.
· OCZ Storage Solutions
· Lite-On Technology Corporation
· Seagate Technology PLC
· Micron
· Microsemi
· Viking
· Intel Corporation
· Western Digital Corporation
· Kingston Technology Corporation
· Micron Technology Inc.
· Samsung Electronics Co. Ltd.
· Lite-On
· Mushkin
· NetApp
· Crossbar
· Violin Memory
· Corsair Components
· Other Players

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