Solid state drives (SSD) are data storage devices that provide the same functionality as traditional hard disk drives (HDD) but are different in the way they operate. Data in SSDs is stored on interconnected flash memory chips and they contain no moving parts, thus providing much higher speed. SSDs offer benefits such as reduction in boot time, elimination of lag while handling documents, faster launching of applications, etc. Since they meet market requirements like reliability and performance, solid state drives are gaining acceptance over mechanical hard disk drives.
Netbooks or ultraportables contain SSDs as the primary storage, and growing demand for ultrathin computers is the key driving force for the market. Until recently, laptop form factors came equipped with hard disk drives as their file storage; however, buyers now have the option of using PCs configured with SSDs. Solid state drives offer higher durability and are inherently faster, which is expected to give impetus to the market in the coming years. Higher cost per GB as compared to hard disk drives which are an established technology may adversely affect product demand over the forecast period. In spite of higher prices, SSDs offer long-term benefits in the form of reduced energy usage and higher input/output operations per second (IOPS), which is expected to mitigate the impact of this trend.
In addition to the consumer sector, enterprises are also expected to contribute to market revenue. On account of product development and innovation activities by established players as well as start ups, SSD usage is expected to increase in the enterprise sector. Product costs are expected to decline spurred by improvements in manufacturing, cost cutting measures, etc.
Serial Advanced Technology Attachment (SATA) based products accounted for the largest market share in 2012, since they are mainly used in laptops and notebooks. In comparison, Serial Attached SCSI (SAS) based solid state devices are used for server hardware systems Key industry participants include Fusion-io, Violin Memory, Skyera, Pure Storage, IBM, Virident Systems, SanDisk, Nimbus, Micron, OCZ, Intel, Samsung, and Seagate among others.
This report, by Grand View Research, takes a closer look at the solid state drives industry, providing a holistic perspective on market dynamics, trends, supply and demand. The report deep-dives into the market and segments it on multiple levels and providing key insights on a macro as well as micro level. The study aims at providing granular information, regarding estimates and forecasts for key application sectors including consumer and enterprises, as well as technology including SATA, SAS, and PCIe. The report also provides the same level of information for key regional markets.
This research report analyzes various factors which have been driving and inhibiting the global solid state drives market in the past. In addition, the report analyzes the impact of each driver and restraint on the market growth, which forms the base for market forecast. The report also showcases the opportunities available in the market which may act as future drivers for the market.
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